Hello Steemians and my followers,
Most of cryptocurrency community are very exited due to "Consensus" even recently, but I do not see so much joy in the market as such and the charts :(
Looking at most of major cryptocurrencies charts and see a bearish flag formation and that usually means at least one more plunge! So I decided to check the total market cap chart to have better view what we can expect further!
The chart shows a bearish flag and incomplete wxyxz correction, so I think we will see some more red color in the market, but after it breaks the low of (y) wave I expect strong reversal upwards to complete (3) impulsive and the longest wave:
Such scenario I see in most my updates I posted recently!
Don't loose your faith!
Your crypto_analyst
@andriustovis
Great. Thank you for this.
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Your welcome!
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Thanks for this useful post
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I felt we were going to see some red after the big run.
Keeping cash ready as things bottom out.
Too early to buy now though.
Thanks
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