Chart shows the higher degree ABC correction represented by the Purple ABC.
In the short term (this week or the next) BTC will push up close to 6k, and then ETH (and most alt coins) will follow an upward path shortly after.
As signified by the purple "C", the end of short term "bull" market will end somewhere between August 3rd through August 30th. After the purple wave "C" completion, a major ALT coin and BTC correction will ensue (perhaps even see a new low below 3000 for BTC before a larger time frame bull market occurs)
More evidence here shows the projected path here falls in line with LTC's halvening ETA on August 6th.
LTC has been leading the way since it hit its low at around 25 dollars. Around the time of its halvening, it will lead the market with a correction as well.
Shorts for ETH and BTC are increasing on BITFINEX and will fuel the fire for newer higher highs.
Go long on LTC, ETH, and maybe even XRP. Most alt coins should do well in this environment as long as LTC keeps making new highs.
In the short term (this week or the next) BTC will push up close to 6k, and then ETH (and most alt coins) will follow an upward path shortly after.
As signified by the purple "C", the end of short term "bull" market will end somewhere between August 3rd through August 30th. After the purple wave "C" completion, a major ALT coin and BTC correction will ensue (perhaps even see a new low below 3000 for BTC before a larger time frame bull market occurs)
More evidence here shows the projected path here falls in line with LTC's halvening ETA on August 6th.
LTC has been leading the way since it hit its low at around 25 dollars. Around the time of its halvening, it will lead the market with a correction as well.
Shorts for ETH and BTC are increasing on BITFINEX and will fuel the fire for newer higher highs.
Go long on LTC, ETH, and maybe even XRP. Most alt coins should do well in this environment as long as LTC keeps making new highs.
