After this 3-4 correction is finished we are expecting another huge drop for final wave 5 madness... Buy region has been determined based on wave 1 levels from 2019 based on idea here:
There is interesting pattern as illustrated on the chart which might indicate that this was the bottom... RSI oversold... RSI over SMMA is also very much oversold... What do you think?
Next two weeks we could see retest on half of this month candle - around 20k USD region. Watch for price action in that region - there could be big fight there. Lot of manipulation, fear etc. Watch for multiple confirmations. It is still not clear if we are gonna see motive wave down 1-2-3-4-5 and we are just in the complex 3-4 correction or this move down is...
Based on very early similarity in price and RSI - can we expect DXY blow up again like this? This would bring SPX500 to 2500 USD range, Bitcoin to 8k to 10k...
Whenever we sow down crossing between FED fund rates and US 2Y yield bull market started (BTC, SPX ...). Now that crossing seem to happen even now but in the past it never happened if inflation was above them. Can we expect inflation to start rapidly falling in next weeks and months to go below fund rates and yield?
I guess we need to wait for 12k region or even 8k region before starting next bull run. Based on this idea...
It all become clear when we invert the scale :-) We are in corrective subwave 3-4 according to Elliot wave theory. The chart pattern of current correction will determine final target for BTC. Everything is on the chart itself...
BTCUSD based on idea from WicktatorFX just with different wave counting
Let's wait for ABC correction to complete and watch for price action on key levels before entering long or short. Everything is self explanatory on the chart itself. I am bearish for now...
Alibaba is absolute value at this price! Buy on every dip... maybe we see 100 USD range which could trigger nice bounce up to 155 USD. From that point anything is possible - watch for price action.
Cartesi project is looking to improve smart contracts by solving the issues of high transaction fees and a need for scalability in the Ethereum network. Given the issues on scalability, and the fact that Ethereum 2.0 will likely take some time to achieve, the Layer-2 scaling projects like Cartesi are very popular. Wait for correction to complete and then buy at...
I think we are in complex A-B-C correction of huge wave 3. Usually, in crypto we have extended versions of wave 5 so sell area could be around 1.5 - 2.0 USD, nobody knows exactly. Wait patiently for C wave completion and double check for impulsive price action which could trigger wave 5 - buy on first smaller correction or buy with stop loss at the bottom of wave C.
I have tried to explain everything in the chart itself. SPX is not looking good and I think that's going to slow down bulls on crypto as well. I am not expecting crypto to have significant 'crash like' drop but we should visit around 2.5k USD once again.
BTC/USD - still in correction for some time
BCHUSD - possible A-B-C move This one is so hard to analyze... manipulated too much. But here is some view on this great project but with bad community.
Crypto is alive :) I am expecting this wave trace fully and slowly but this is clear signal that big things are expected soon. Sell now. Buy after correction on marked area. Sell after upper trend break UP.
ETHUSD - possible bounce if it holds these levels around 100 USD