Keytovip

Keytovip Updated 

Unlike LTC correction - which I believe is likely complete, BTC correction does not appear to quite be done yet. But we will know in the next few days to week. The most likely scenario I see is a rise to $10K-$10.5K region followed by the final correction wave down to around $7800-$8200 at which point the correction will be complete and start wave 3 of 3...

Keytovip

Last time we had the elliott wave 2 correction prematurely accounted for when it hit the 0.5 fib level. I believe we are now approaching the true end of correction wave 2 (nice ABC) correction around 156-164 range at the 0.618 level. Subwave C looks like it has the requisite 5 waves forming as well. Next wave up is wave 3 with minimum target of $310

Keytovip

There have been only a few alt coins that have been able to start their own bull run alongside bitcoin. OMG is one of them. There are a couple of ways to count the waves for OMG but I believe this is the most likely count at this time. There was a rather deep retracement to the 786 level of the most recent wave 2. If this count is correct, top of wave 3...

Keytovip

BTC is giving us an excellent short term trade opportunity where the 3 month downward trend line (purple) is converging conveniently with the 0.5 to 0.618 retrace from the most recent impulse wave upwards. We should bounce in the region of 9980-10200 with a conservative swing target of $11800 to $12000

Keytovip

Earlier today I provided a primary wave count with LTC starting a new wave three with target of $330-400 It is possible that this chart instead shows the correct wave count although it doesn't look at aesthetically pleasing. But notice how this hypothetical wave 4 down bounces right of the 618 fibonacci level so we have to consider it as a legitimate...

Keytovip

LTC appears to have finished its wave 2 correction before BTC. It has bounced off the 0.5 fibonacci levels nicely and broken out of its short term descending wedge. My impression is that it has most likely started wave 3 upwards and targeting a 1:1 extension of wave 1 we will be targeting a minimum of $330 in the short to medium term

Keytovip

BTC finishing wave 2 correction since impulse wave 1 starting February 6th. We will see where wave 2 bottom ends up being. We will see if the 382 retracement holds but I doubt it Stack your buys in the noted buy zone. I doubt it will get below the 618 as the market sentiment is overall bullish