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First of all, I follow the market, not making the market.
Second: I've been saying for quite some days meanwhile that we may do 1 more up, but a correction is due.
It's a small change in perspective on lower TF. The higher TF outlook has not changed at all.
Nobody on this app, absolutely nobody is 100% right. If you find someone, he is fooling you, or you are naive.
#BTC
Past days I have been posting that I expect BTC to do 1 more leg up to complete 5 legs up.
Based on the most recent pullback, going deeper than needed for a bounce, and my SPX outlook; we may have started a correction already and not going for 88-90k anymore.
Small change in perspective and in EW count.
Too early to call for a possible bounce zone, but my levels to pay attention are around 80-82k, next level would be around 73k.
I'll come with green box later when I see more structure in the current pullback.
#BTC
Lower TF update.
Did indeed bounce from that area, but not as strong as I hoped for....
Looks more like a corrective bounce as B and now going for C around 85k.
If so, still expecting at least 1 more leg up to 88-90k
#BTC
5min chart, textbook
Correction started after reaching the red box
Correction finished with an impulsive bounce on bullish divergence.
BOS
Pullback in ABC into the discount zone
Spike into the green box
Bounce
Target for this move: $88,000
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$XRP #ripple
Long Term Outlook
Completed 5 (sub) legs up
Completed ABC correction
Bounced off the 0.786 Fib level
Broke bearish structure
I consider this has started its next cycle up, being leg 3 with a target of at least $4,40
That target is under normal circumstances, if this starts to pump again, better fasten your seat belts.
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