cjw226

cjw226 Updated 

I believe we are on sub-wave 5 of larger wave 5 down. Not much chart history so hard to say if we will get a correction wave or new impulse wave up, but I expect a good move up once we complete the wave down. I am aiming for a buy in around 550, but will watch for weakening in the selling as we near the end of this wave.

cjw226

Seems like most alts are close to completing Wave 1 of 5 down in Wave C (5-3-5) while BTC is lagging and just about to complete Wave 4 and start Wave 5 down. If this plays out, I think We see BTC push down to 3-4k.

cjw226

One potential scenario.

cjw226 Updated 

Comparing last take-off to current setup shows a lot of similarities.

cjw226

Looking at the setup leading up to the last huge run up coupled with all of the good new lately, I think IOTA is shaping up for a big run after some consolidation here.

cjw226

Very similar to setup leading up to previous take-off. One more touch of lower support and I think we are off to the races.

cjw226

Sitting on fib and two trend line supports now. Let's see if that completed the correction from the top.