Completion of an extended 5th should translate by a retracement to the wave 2 of the 5th around $180 (big support at $190) . However this is only the bearish possibility, some other counts are more bullish than that and have us continuing to the upside.
One possible count to keep in mind on #LTCUSD has us hitting a top here (+LTCBTC probably needs to retrace -> see previous post)
LTCBTC (Daily) has been in a range forever, forming series of ABCs. Most likely in a long term triangle. The first impulse to the upside from the low could be close to completion, in which case we would see a retracement before more upside
We front run the 0.5 fib level and possibly truncate the 5th of the C, but with the overlap we have now to consider this as bullish
XRP looks ready for at least 30% mark up against Bitcoin. XRP USD has been lagging a bit compared to some other altcoins. This could be the time for a catch up
The bear market could possibly be finished. But we should also keep in mind more bearish possibilities in the long run. The $500 area should be reached in the coming months though
- Above $9.5K: bullish bias - Below $9.5K: first impulse most likely completed and we will have a few weeks of retracement The lack of alternation we had in corrective waves so far is definitely something to consider in favor of the series of 12s
Clean ABC zigzag with perfect hit on the medium line of the channel on the USD pair and bottom line of the channel on the BTC pair. Then clean break of the channel with strength --> To the moon
BTC is done with its 5 waves. Time to dive. Buy the dip mode
BCH and BSV look well cooked, time to go south. Wait for retracement and boom :p
Just opened this chart for the first time in a long time. Despite the crypto market being super bullish right now, i can't help but consider this bearish zigzag possibility
Here is the cycle degree chart of XLM with targets. I believe we completed wave 4 on the cycle degree and we are now starting wave 5. All the explanations are on the chart. Enjoy the ride 🚀🚀🚀
Well, Fibonacci proportions are quite nice to say the least