the move down from the 69k top is a clear zigzag (purple circled abc) correction and the first part of an even bigger correction. this means that this abc is wave A of an ABC of a higher degree (red circled abc) my assumption is that the choppy move in the rectangle still belongs to the first part of the correction and will end at approx. 44.8k, before...
this could be already the beginning of wave 3 of the 5th
it is really hard to tell if this is a b of iv of macro III or the beginning of the 5th of macro III.
gala macro chart shows a nice alternation between wave 2 and 4. a sideways vs. a sharp and deep correction. textbook chart. waiting for a reversal and long to 5th wave target
macro wave 3 is on. Previous cycle was wave 1 imo.
macro wave 1 was a massive impulse. now accumulation under resistance, i assume a massive breakout for wave 3
the flat correction might be over. my target ( long zone) was the green box, seems like i missed it. macro targets on the chart.
i am long for quite while now. xrp is macro bullish. target for wave2 flat hit (green box). now, patience. target won`t come tomorrow
i consider the previous cycle as macro I. this is my longterm bag, lua is pretty much flyin under the radare but a 20x coin for me. since this is such a low cap coin, it can run pretty fast. anyway macro target will take a lot of time.
correction into the fib cluster. .618 of w1, w=y, i think this is the start of w3 of macro iii