kryptowavetrader

kryptowavetrader

IOTA formed an expanding flat, so expecting another leg down to retest previous lows atleast. We can possibly even break them to make new lows. Shorts are the way to go right now considering both ETH and BTC look pretty weak atm.

kryptowavetrader

LTC like many other cryptos made an expanding flat type of corrective structure. Short this breakout down to around $40.

kryptowavetrader

TWTR completed the A wave of ABC correction for wave 4. Long the break out to target around 0.5 fib level.

kryptowavetrader

ICX has been in a pretty strong downtrend. It made a corrective 3 wave down up instead of 5 wave impulse up that would suggest that it has another leg down before short term trend reversal. ETH is also weak and will make another leg down. ( very good indicator of health of alt markets ) Planning to buy between 0.2-0.3$ for best to risk to reward setup on ICX.

kryptowavetrader

NEO like many alts following ETH pattern formed an expanding flat, a corrective pattern, implying that this is not the reversal but we have another leg down. Broke down successfully and retested the break out by forming a correction. Expect this to reach near $12 range.

kryptowavetrader

EOS here presents with a nice short opportunity. It completed a 3 wave ABC correction and broke down from the trend. Expecting EOS to go down to around $3 before a short term trend reversal.

kryptowavetrader

EOS has completed a 5 wave impulsive cycle and we are big weekly corrective trend from the genesis since it got added on Bitfinex. EOS is about to complete the first leg in its corrective cycle to make the W leg of the WXY double zig zag at around $3. Following which it will bounce up to make the X wave before making the final Y wave down which will take us to bottom.

kryptowavetrader

BTC made an impulsive leg down from 19.5k to 5.8k in the first 2 months of 2018 which was W wave. After that it has been in consolidation moving sideways ie correcting the big move down before the next impulsive leg down to make the bottom. The X wave is becoming very complex and it will most likely form a flat since the first wave off the Feb low was 3 wave...

kryptowavetrader Updated 

BTC is currently in the wave 4 corrective monthly trend. The last correction we had of this degree was back in 2014 and 2015 after the Mt Gox hack. The first impulsive leg from the beginning at $0 to $1220.32 on Nov '13 lasted 1219 days in total. Following which there was major 486 days of correction forming the cycle level wave 2. Then next impulsive move...