Since the spike down on 4th December we have seen no real buying volume or reversal pattern .
This makes me sway more to the idea that we may drop lower in a WXY . If we do not hold the spike low i have market target on chart which is 616 the length of Y and also the 50 % Fib from the last completed wave up .
Clear invalidation point on this chart but is my...
Current Thoughts on XRP USD
Previous plan still intact and this being a smaller degree wave 2 still valid .
High R/R Here with clear invalidation point .
So most seem to think BTC is in a wave 4 , 1 being July 2019 peak .
What if that was actually a higher degree wave 4 and now we are actually in a wave 2 . You would get the opportunity to buy BTC around the 2-4k Mark and wave 3 would take us to 1.5 million dollars .
Nice !!!!
From looking on a larger time scale it seems to me this correction is not yet complete .
One idea is we see one more leg lower to complete .
I am not shorting this but looking for a good entry to fill my bags .
If we see prices above the purple box seen on chart this will invalidate the bearish count and i will start looking at the bullish count that this is...
Beyond seems to be making 3 waves up and there is Bearish diversion on all time scales on the RSI .
Looks like a corrective rally to me that will soon see more down side.
Gold use seems to be making a Bear pennant on the 1 hr chart .
Currently finding support at the 1 hr 200 ma and the 382 fib level and resistance at the 20 ma .
If indexes rally on us open and we break down the target would be Each lower fib level and eventually the pennant pole target around 1480 .
Quite a low risk reward trade as MA,s are so close with SL placed...
Nas 100 Is making higher highs and the RSI is double topping as in the last correction .
This is the most stretched we have been from the 200 MA in the whole bull Run and we are apparently entering a santa rally at these stretched levels ?
When i look at the vxx chart i see that every index correction VXX was at the end of a descending channel and broke out as we...
