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S&P Bearish scenario, using Elliot Wave corrective pattern, measured moves and long term trend lines as support S&P likely to face 40% drop next.

xdvx

Based on Fibonacci and Elliott ABC wave theory there could be another +10% gold rally and after that multi-year -50% price correction.

xdvx Updated 

You can see that XRPUSD is in clear bear formation. It made a new lower low, comparing it with bitcoin, bitcoin should go below $3k to match XRPUSD performance. I think there is only one way, and it is down. Best case scenario XRP will find support at $0.14. Constant formation of new lower highs and losing support after support will eventually lead XRPUSD into...

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Everything is based solely on Elliott Wave theory. Either market has bottomed out or we are just correcting this huge drop down we must make at least two waves up. We had one wave up, we corrected that wave up and now we must make another wave up, unless we have started forming yet another some sort of triangle (a thing to watch out for).

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Bitcoin fell hard, I would say falling wave started at 7.4k ranges and we ended up inside 3.1k range. Right now we're correcting this 3300 points drop. First corrective wave A from 3.1k to 4.3k. Now knowing Elliott wave theory we know that we correct impulse waves usually with corrective ZigZags also known as ABC corrections. So we finished A from 3.1k to 4.3k, we...

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I still believe that we're correcting first impulse up from 3.1k to 4.2k and we just finished B part of ABC of first impulse and we're about to drop at least $500 next.

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Tuesday Elliott wave update

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Based on basic TA analysis combined with Elliott Wave analysis I would suggest Crypto Currency market is ready for the dip before another push to upside.

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I'm pretty sure we're about to break up to $4100. There we should see that famous Inverse Head & Shoulders neckline put to the test. But my Elliott count doesn't confirm breakout there right now. We should first get quite big retracement to $3450 first and after that I see nothing else but $5200.

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Elliott Theory states that expanding diagonals can only be a leading wave or an ending wave in bigger structure Here I would say we are probably witnessing ending 5th wave expanding diagonal of some sort of bigger structure. Expanding diagonals can be identified by ABCD with quite strict structure: In an expanding triangle, wave C is usually 161.8% of wave A ,...

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Update

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New Year elliott wave scenario

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We might go sideways for another day or two before finishing wave up.

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This latest wave up is larger than expected. It might mean this is something else what I have on chart but at this moment I don't have other ideas. It could also end up doing ABC flat, with little retracement and later fulfilming Inverst Head and Shoulders pattern which everyone are talking about but it would still mean 1.618 larger wave C extension of A in...

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Giving an update on possible correction path.

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Bitcoin's probable correction scenario based on Elliott Waves

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Bitcoin's probbable correction path in Elliott wave theory

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Bitcoin is Finishing 5th wave expanding diagonal, only two moves left and bigger correction will begin.