What do you think about this option? Looks viable and natural according to Elliott Wave. And current wave 5 is coming to an end like this:
This concept for now. Last price movements were not impulses, more that that - there is Ending diagonal built down without continuation. All these are signs for Ending Diagonal Triangle. Alternative - instead of the Ending Diagonal - running triangle as wave 4 with further strong upmove.
BTC is going to extention. At 14860 price level previously supposed wave 3 became she shortest. Previous count: Now it turned out that current move will continue for couple of more months at least.
Two initial impulses. Smaller one marked on the chart:
Seems to me that ETH is going to hit something like 40$ Here is initial impuls down on H1:
Strong but signal. TOP coins made only A-B-C correction for previous couple of days, so, I expect new highs throughout the market
This is H1 chart. Wave 3 is not the shortest (despite it looks as though), because this is Finex chart and it is biased due to USDT fluctuation. I think, one more small impuls and in 2-4 hours upmove will finish for next month. M15 chart: M5 chart: General plan:
Alternative down is present, but weak. Approximaterly 142 must be reached anyway in few hours
It is not over yet, but I like it so much, that want to share. Leading Diagonal Triangle in position of wave 2. Not described in theory for long time, but many traders have already found it. And, hope, so did I.
The market now is quite complex, despite there are many evidences to further descend, I consider possible scenario for growth also. If price break 5.85, I am going long. General idea:
More and more evidences, in my opinion, that the market is going to go down. Take a look on Litecoin. Nearest low was made by 3 waves, not 5. Precident structure and current impulsive attempts up comprise pattern "Irregular". More than that. Wave 4 in C im an impuls. It is a characteristic of an Ending Diagonal Triangle. Sudden up movements with almost no initial...