In light of the US-midterms this weeks, here's my count for the $SPX. I do think that the most likely scenario is a big correction, which should be followed by another wave up. However, I would not be surprised if we see a spike up first before the big correction starts, but the bottom line is that a bigger correction is overdue. Disclaimer: I do not invest in the S&P500 and wouldn't recommend anybody to invest based on this TA. I stick to crypto. But I am curious about your view. Will the midterms have a meaningful impact on the stock-market?🤔
Preparing the next #Bitcoin buys: I managed to buy the bottom perfectly, giving me almost 50% returns, so I decided to take profits at $86k. Now that money wants to find a home again. I will take advantage of the recent crash to place one part already, as the chance of the bullish alternative (green zone) is just too big to ignore. The second part of my cash will be withheld for my "medium risk buy zone"(🟠) in case we get there as it still is the main expectation. What do you think of my strategy? Is it similar to yours? How are you placing your bets at the moment?🤔 $BTC
What did I tell you about ethereum:0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b? That it likely finished an impulse and a big correction, potentially into support is next? Did exactly that happen?🤔 Now you ask me, what's next? The most probable reversal area has been reached, so technically, all requirements are met for the correction to be over, but I think it is much more likely that we see a longer correction in the typical 3-wavey style. On the lower timeframes, it doesn't even look like the first leg down is over. If it really isn't, a very deep first leg might already indicate that truly the bottom isn't in. #ConvexFinance
$LINK: I suggest a finished impulse and first part of the correction done. It already has reached the most probable reversal area, so the next leg up theoretically could be in the cards, but I think it is much more likely that we see a second leg down before the correction ends. #ChainLink
Return of the memes?🤔 $FLOKI has a nice setup here. Another leg up is likely, but I wouldn't feel comfortable longing just yet, as a slightly lower low seems likely. https://t.co/ZidxcPldCn
near:native change of plan: Previously I thought that with one more high, #NearProtocol will likely finish an impulse and go into a prolonged correction. I still have that as an alternative but now think that the main scenario is another high first. Do you agree?🤔 https://t.co/VISvd9Ummr
Yo guys, I have to apologize. I have very little time and rushed this post. It is full of mistakes. In both impulses, the fourth wave cuts into the first wave, thus making it completely invalid. This is most likely some sort of complex correction which can lead to new highs soon. I'll link below a 100 word article explaining the new view in detail. I will give my best to pay more attention to details in the future.