I think, that there will be no ATH in nearest 1-2 years. Current down movement is too big ant too "non-corrective" to be the end of any whole correction. So, I think, till semo point of january it still will be sliding down. I think, in wave 5 of the diagonal. And than I anticipate big wave b. Waves be are known to be very ugly from waves structures point of view.
It is becoming more and more clear for me that since approx. October 2022 there would be great odds for a beginning of a new bull cycle. Here is weekle ETH chart. I think we have initial impulse up already, I anticipate wave C of its correction: BTC overview also suggests end of down movement somewhere at 15000-16000 till october: And also my analysis suggests...
Looking for entry point for short. Prior correction ended up with two ending diagonals and strong initial impulse down => strong short signal Within this frame on Daily chart:
Clear flat correction with ending diagonal in wave c. Firm evidence of south intentions
Cardano made a nice initial impulse down. Whole crypto market, I think, is going to go down for some extent.
Move down to 17k looks finished. Marked make very nice impulse up, after its correction the only way do trade is buy. Think it is strong signal. Because critical point of this scenario is close (15600) and there were less liquidations at 17600 than at 19000 at last two movements down. That means that little fuel left for further fall. Less resistance will be...
Waiting for mid-term low in the next 24 hours. After that correction to 34-36k. Whe whole pattern on Daily from Apr.21 now is seen as flat with wave "a" complex (maybe impulse with some allowances), wave "b" - zigzaz, wave 3 now is seen as ending diagonal. I mark it with 1-1, 2-1, 3-1 marks because of special structure of this model.
Think, the whole market is going to go down for 20-30% nearest 2-3 weeks
Think, BTC is forming big triangle on Daily FT. It implies, that the next impuls will be the last in whole BTC growth since 2009.
Most probably scenario - irregular, as illustrated. Which corresponds with BTC waves structure. Frankly, no other decent alternative because of impulse down and zig-zag followed.
Nothing to describe. Waiting for short term fast move down before new highs
I think, BTC will go down, under 30k. But we will see his intentions at 40k more precisely. In other option, on Daily chart there is a triangle. In this case, after 40k BTC can go up to 60-70k.
Massive irregular. Have seen this only once on BCH. If works, can lead to x2-x3
There is nice flat correction. All waves inside are clear. Wave 5 within 5 of C left to build. 2h chart, wave C in detail: