Now its recognizable pattern for me just a little time and price correction and it will start to grow. My stop loss is wave E.
there is a scenario for triangle and it has 22% stop loss! but is has a good risk to reward for first target, there are some other scenarios for this and maybe its a little risky!
from the last two ways of btc I considered that the wave 5 is not finished yet and after a little more correction bitcoin should start a strong bullish wave. USDT dominance is also like this pattern(flat)but it is reverse,I try to keep it updated.
There is many targets and possiblities for wave G but for now I will target 96k....it can grow for 200k but it takes long time Waiting is the best choice to it shows the structure of wave G.
The second scenario is the wave 5 of C wave is on the way and we should wait for it But I would rather buying bitcoin step by step My stop loss is 23 for both scenarios.
There is 2 bullish scenarios for bitcoin! First is there is a flat corrective pattern and this C wave is finished and it has just started to grow!
Similar patterns on most of the charts, attention wave E could become incomplete.
This is all of the E wave on daily TF but I am suspicious about the last branch , in the first sight it is triangle but it could be another patterns.the confirmation is breaking down the black line as I drew.
The second way that I think is this triangle and it is easier for trade and investing so use your strategy , but I think ETH is better for investing.
I think this complicated correction has 2 ways to show itself, first is bow tie correction and the second is triangle but actually I prefer ETH for holding.
last analysis failed so I updated that. this diametric should finish soon and I think there is no more descending action because it has taken enough time and doge must go for a higher high on monthly TF.
I think it may be is bow tie pattern and we can take long positions on btc and eth. The red line is stop loss and the target is black line!
Tron needs more time to show the structure,I think after wave g it will start a big ascending wave and its easier for analysis.
the second way for ETH is bow tie diametric pattern. it will grows to 50k and 70k and after that start a suitable correction.
There is 2 ways for ETH, first is the triangle and wave E is going to start soon and after that it will crash too bad.
this is a Flat corrective pattern,it will continue to going down for now, if the black arrow didnt happen this counting is wrong
so if 8.12 breaks we have that confirmation for G wave and I will buy more step by step. so confirmation for the down trend is after G wave the down trend breaks. after that you can risk it free!
So I think this diamond diametric is the last corrective wave and it will spend enough time for triangle pattern on weekly cash data. After this corrective wave crypto market should start a good wave to grow , so make yourself ready!