corrections, corrections & dead cat bounces ?
This is an update from my previous chart.. but I don't have any idea how to update my chart yet... :-|
The point is that we're all looking for the bottom.. meaning the terminal end of the C-wave... have we looked at the proportion between the so called 'A'-wave and the C wave we are aiming for ? I would believe that we are still in the first correctional wave... the A-wave !
I always had the feeling that XRP was long ahead of BTC and predicted the future...
How long was that retracement before a sudden bullish reversal?
I have posted a simple XRP chart as well where the trend from May 2017 till Nov 2017 could be repeated this time... why not with BTC and all the other alts as well ? This would make the most sense, because we are all CONFUSED and the whole market is mixed up with different people...
Probably this will be a huge ABCDE or a 535 correction !
The point is that we're all looking for the bottom.. meaning the terminal end of the C-wave... have we looked at the proportion between the so called 'A'-wave and the C wave we are aiming for ? I would believe that we are still in the first correctional wave... the A-wave !
I always had the feeling that XRP was long ahead of BTC and predicted the future...
How long was that retracement before a sudden bullish reversal?
I have posted a simple XRP chart as well where the trend from May 2017 till Nov 2017 could be repeated this time... why not with BTC and all the other alts as well ? This would make the most sense, because we are all CONFUSED and the whole market is mixed up with different people...
Probably this will be a huge ABCDE or a 535 correction !
Kommentar:
In a classic correction my C-wave should end lower than A... so possibly at the 4000 USD...