mabotofu

mabotofu

Bitcoin has just finished the 5th Elliott wave so it will go down for a bit before the next wave. The first target is 0.786 fib and the second is 0.618. Maybe 0.5? hm let's see.

mabotofu

In the daily chart of the KEYBTC pair, if it follows the Elliott wave , the next target is around 942 if the wave 3 makes the ratio of 1:1.

mabotofu

It looks like the first wave bounced off 0.618 so the wave 3 might be strong. If the next wave is 1:1 ratio to the first wave, it will hit 11900 satoshi range. I assume it will be more.

mabotofu

ETH is forming a wedge with a wide angle. It might break out any moment. I

mabotofu

Before TRON shoots up and gets out of the wedge, it might go down one more time and hit the bottom of the wedge again. RSI and MACD also show the downwards momentum. If that happens, I'm guessing it will hit somewhere around 557(fib 0.5). If it drops more rapidly in a few hours, it could go down to 0.618 zone as well.

mabotofu

Breakout soon?

mabotofu

Originally I thought it would be bouncing off from 0.618 Fib zone but now it's going down to 0.786. It's also forming the wedge and it's closing so we can maybe expect the wave 3 soon.

mabotofu

It's creating a beautiful wedge. The next wave is about to start!?