Βρήκαμε τοίχο (820)….θα τον σπάσουμε;
January 4, 2018
Κλείσιμο θέσης
January 5, 2018

Good day to all…let’s take a look on the updated charts and wave counts to see how our scenarios are going.

BITCOIN

Price is moving higher despite us expecting a move lower. I continue to believe we are in a corrective pattern that still has some more upside but eventually should give in to the final corrective wave down towards 10-8k.

ETHERIUM

As expected price is moving higher. Trend remains bullish in a final 5th wave. A pull back should be seen soon before the resumption of the up trend. A back test of previous highs near 850-870$ could be seen next before the move towards 1100$

Litecoin

Has most probably finished wave 2 lower and should soon see a strong upward move unfold towards 500$. 160$ remains key support.

Ripple

Has completed or is near completion of a big upward cycle. This is not the time to be buying Ripple. We should first see a strong pull back similar to the one we witnessed in Bitcoin.

Thank you for taking the time to catch up on my thinking.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.