CrptTeddyBear

CrptTeddyBear

Hard to see this as bullish

CrptTeddyBear

Shitperp alone is hard to get a grasp on, but it looks topish both against altperp and BTC. It could be a good choice of short

CrptTeddyBear

If true, we should not take out this previous high at $9872

CrptTeddyBear

Doesn't look so hot right now

CrptTeddyBear

Let's see

CrptTeddyBear

not much else to say

CrptTeddyBear

Cryptos seem overdue for a correction. Current price action on bitcoin looks corrective as well on small timeframe. i expect that we will break down in the comping days if not today. Note that the weekly candle closed as a bearish shooting star on bitcoin, which is also significant.

CrptTeddyBear

Let's keep it simple: Close below this trendline = bearish. I still think a flat correction is on the way

CrptTeddyBear

Let's see if it will produce the same result

CrptTeddyBear

❗❗

CrptTeddyBear

3 waves down, 3 waves up contained within a channel, retracing 90%, looks like we are setting up for a flat correction. I expect a drop to the $30 area.

CrptTeddyBear

Looks like we did 3 waves down, 3 waves up with 90% retracement, so looks like we should expect 5 waves down now 🤷‍♀️

CrptTeddyBear

Top could be in as well. We shall see

CrptTeddyBear

This is the detail of the count on the 4 hours chart

CrptTeddyBear

I still think it's likely that we will see new lows. We probably just completed an #elliottwave running flat after bottom truncation. We have wave C = wave A. I have a target around $40 by the end of the year. We shall see.

CrptTeddyBear

I think it's likely that we are in a wave C of a flat on some alts. Also, i look at the possibility that we had bottom truncation, which would explain a lot of the mess we see.

CrptTeddyBear

$260 target is closing in

CrptTeddyBear

We failed to bounce on this major support...