jlantrip

jlantrip Updated 

After the first market cycle BNB has had a healthy correction and has shown relative strength despite the continued correction of BTC. The count was very tricky at the beginning with truncated C waves and expanded flats but this looks like a good count currently. Hard to say how it all goes down with BTC but there are plenty of alts that are setup very nicely and...

jlantrip

Really thinking we need one more leg down into the golden pocket retracement around 7800. Potential for a slight higher high on the C leg of the 4th.

jlantrip

Deep retracements across the board following the straight rip down on BTC rejection from 10k. Some alts have already hit these low retracement targets. This is a big test for them to hold the lows and see continuation. Good for a swing near term if we can hold the pivot.

jlantrip

We have a very nice EQ triangle shaping up on Ethereum vs BTC. Just made a kumo twist break out on the daily with potential to reach .5 and .618 retracement targets to meet the upper downtrend of the triangle. Longer term a 2 wave entry post targets on the 1 wave may provide excellent returns.

jlantrip Updated 

As with many alts we seem to be at the early stages of the new cycle, im seeing a 1 wave and a 1 of the 3rd wave in, seeking the 3rd of the 3rd now and a retest of ATH with completion of the 3rd.

jlantrip Updated 

Elliot structure looks good here, and given the overall market conditions its clear we have some upside to come with BTC as well. Even a bearish count on BTC should include more upside as an ABC, but we had clear strong impulses across the market, so play it as you see it.

jlantrip Updated 

Finally life back in LTC is showing after a very nice double bottom at the .786 retrace against BTC. 3rd wave/5th wave targets at the median line

jlantrip

Gonna pop.

jlantrip

Im feeling bullish myself and believe we could be finishing up the correction within the weekend.

jlantrip

Bottom of the market coming soon.

jlantrip

If btc completes the impulse here and we get a big volume break we should get at least into the 14k range, 15k is possible for a wave 1 top.

jlantrip

Eth has a beautifully clear wave structure, looking forward to the continuation across the market, Eth has a bright future ahead.

jlantrip

Triangle signals short term direction for LTC, BTC looking strong currently so it could follow along with a break upward, not sure if it will produce better return than BTC at this point, btc pair looks like it needs a slightly lower low.