The 5-th wave in alt-coins is somewhere close

As expected in the last update the “alt-count” market has steadily grown since weeks.

This is what we have now:altcoinglobalThere should be one more correction down (small yellow arrow down). The most important part is, however, the possible bigger rise – the bigger yellow arrow.

The author isn’t going to chase this potential decline. The risk of missing the big rise is bigger than reward of selling high and then re-bying lower.

Regarding the BTC we are already in the “public awareness” phase. It means there are a lot of talks about BTC in the normal media. The risk for decline is very high. Will we make an ATH (all time high)? Possibly yes. If we see, however, the voices like “even the chinese regulations can’t harm the Bitcoin” that would make the call for the immediate reverse. Those who are trading the BTC now – try to understand what the majority expects. Market never follows the “majority path”. The author himself will come back to analyzing the BTC in 2 weeks.

As for ETH.. There is a good chance we’ve had our 5 waves up:ethusdlongSo, the correction down to $9 is probable.

If this correction starts now, it would also mark 5 wave rise in “alt-coins” in general. It means we might see few weeks of declining prices. However, as said above, the author is not going to chase this possible decline. The risk of missing out on a substantial rise is pretty high.

Besides, the author is out in the meditation retreat for the next 10 days, so no trading is possible anyway. And this is good so =)

Have good time and don’t get scared if you see something “unexpected” is happening.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
Very important. Investing carries risk of losses. You should be aware of all the risks associated with investing/trading financial instruments. Information provided in this blog is expressed in good faith, but it is not guaranteed.
The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities.
This blog and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.
In no event will we be liable for any loss or damage on your account in connection with the use of our publications.

Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

One thought on “The 5-th wave in alt-coins is somewhere close”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s