Hello steemit,
finally we are "on track" now. See below my prefered scenario for XMR BTC market.
Let's remember.
3 days ago I called that the final upward move is ahead. This call was correct, but I underestimated the extension of wave 5. Usually wave 3 is the longest of all impulsive waves, and wave 5 has the same length as wave 1, why I expected the top at around 0,02 BTC.
In my update from yesterday I detected the wave 5 extension, but I made wrong Elliott Wave count of the inner structure of wave Blue 5.
I expected a final move to 0,028 BTC, but the Top was already reached.
I corrected my internal count of wave Blue 5, and now we are on track. At this point I dont care if red 1 and red 2 are on the right position, because the Big picture looks fine now.
So finally once again my current prefered elliott wave count.
I expect a correction to Blue B at the level of around 0,0225 BTC, before we see another downward wave to the level of Blue 4 (somewhere between 0,0125 BTC and 0,0135 BTC).
Best Regards,
twinner
Disclaimer
The author is already invested in all of the cryptocurrencies mentioned in this article.
NOTHING ON THIS POSTING IS TO BE TAKEN AS TRADING ADVICE.
Everything on this article, including but not limited to: suggested trades, trade setups, and posting of "real-time" trades of cryptocurrencies by the author is for educational purposes only. This article is not an investment advice nor should it be construed as such. I strive for accuracy of charts and information, but make no guarantee of such.
By accessing any information on this post, you acknowledge you have read, understand, and agree to this disclaimer. Past performance of any cryptocurrency, trading system or methodology is not indicative of future results. The contents of this article is neither a solicitation nor an offer to Buy/Sell any cryptocurrencies.
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
I do not and have not received any compensation from any cryptocurrency or cryptocurrency exchange that appears in this article.
Its risky to store cryptocurrencies long-term on a cryptocurrency exchanges. In case of a hack or in case of the bankrupty of a cryptocurrency exchange you can lose a part or in worst case your total cryptocurrencies investment. Whenever possible, withdraw immediately your cryptocurrencies from an exchange to your cold storage wallet (your keys = your coins, not your keys = not your coins).
There may be tax consequences for profits or losses on cryptocurrencies trades. Please consult your local tax advisor for details on this if applicable.
Danke fuer die info!