Bitcoin has finished the larger X Wave in its WXY correction from the June high. In doing so, Bitcoin printed a beautiful green candle that will trap bulls. Expect one more move down to $6,900 to complete the Y wave before a move up to 30k in anticipation of the May 2020 halving.
Bidding ~9710 looks like a good risk/reward long for a short-term scalp.
RehabRent references an opinion and is for informational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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As with many other altcoins, Litecoin looks to be finishing up its B wave before correcting much further to the downside. The LTC halving has been a sell the news event and I would expect that to continue until Bitcoin finds its footing.
RehabRent references an opinion and is for informational purposes only. It is not intended to be investment advice. Seek a duly...
My expectation is that Ethereum is finishing up its B wave in a larger ABC corrective wave before falling to the low $100's over the next few months. I expect this to be an incredible buying opportunity before Eth rips to new local highs.
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The good news is Tezos clearly rose in an impulsive 5-wave rise from its low established in early December 2018 and has substantial upside left. The bad news is Tezos only just finished the B wave of a larger ABC correction and Tezos is headed much lower from current prices before it hops aboard the rocket ship once again and soars to crypto glory.
Coinbase add...
Bitcoin has grown in a linear fashion since its inception. For the streak to continue, Bitcoin needs to touch the lower rising log arch in early October at ~$3000. That means at present time, Bitcoin would need to fall nearly $8000 in two months which seems highly unlikely at this point. The only way I can see this playing out is if some MAJOR FUD surfaces. The...
