sold out of everything, looks like current bullish impulsions are failing, i take this as a sign that wave-B is over for most coins, and that a market collapse should happen right around the corner
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Leg (a) and leg (b) of triangle is correlated by 1.628 in time one more strong indicator we are crashing soon
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if we go above 0.24$ we can aim for
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just for information, This trade can still be in play, the trendline might be slightly off, it really depends on where altcoins are heading when btc goes up to 11000$ now
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wave-3 was the extended one, visit to 0-2 trendline before a wave-5, then we will probably conclude this bullrun like ripple did and continue down
I think from the chart is clear it broke bear trend. Not so sure it will continue going down.
appartiff
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@MaxL82, I agree breaking major trendline is a very bullish sign which have worked many times this bullrun, But let's look at btc in the 2014 crash: trendline got broken to ultimately fall down,
I suspect that the correction we have right now is just like the one in 2014, mostly because the pattern inside the trendline doesnt look completed, also major trendlines like this can break if its start of a triangle, now after we formed that elongated flat in this bullish move i more suspect we are starting a triangle now because elongated flats only appear at legs inside triangles. cheers
almiftahdz
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i agree ... we can see another bounce to 0.24 it will be the last station befor going down very hard . thank u for ur idea u have been alrealy realiste
Anelovicoin
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how can you be bullish on xrp and shorting bts while its the same chart
appartiff
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Because i think coins who have reached the top usually wait for others to reach their targets so they can all collapse together and create more panic