Might continue in similar Ratios (the same ratios, but they look diffrent because of the Log chart) Strong Hopium Move up to around 12200 and then capitualtion possible.(similar to 2014)
Now it looks like the B wave could be over already. But as this seemed to be an Event driven Move it is still likely to revese and maybe continue in the Pattern
The Price Drop could continue. Doesn't look strong, typicaly is sideways untill the RSI and Bollinger Band catches up and give it room to fall even more.
Bearish Wave Patterns in LTCBTC Possible to continue
This seems to have been the B Wave, now the C Wave is expected.
Often Corrections last to about the Midlle of the Bollinger Band. So the Price could move downwards already there. But I think this run could easily "break" 10k, while 10k acctualy probbably is not a strong resistance. Untill it is not far over 10k the price could still turn bearish again and create a C Wave. In case of the C wave the Price could even drop below 1000
The ETH Price seems to bee at the to of the Triangle. The RSI shows, it is in the over bought Area. The Bollinger Bands start to get more narrow. -> We could probably see a big move soon. Because ETH was overbought and is in the top range of the triangle I am rather bearish, but if we break through the Triangle, we might go to the moon.
For now the BTC Price is correcting up. (The small blue 5 waves) The question is now if this will be the 1st wave of a bigger 5 wave impulse (bigger 5 waves in pink leading to a price around 23k) or if it will end and a new downward ABC correction(pink) comes and maybe even reaches below 5k. The RSI for me is still not bullish. If it will climb above the Red...
Also maybe one is forming in the 5 min chart. Wa are already out of my Triangle, expect BTC to continue descend down to 5-8k USD
I think we are currently in an B wave, that usualy tends to move to around the Bollinger Band middle in the 30 Min chart. After the B wave the decline will probably continue to around 15000 USD.