Hello, Skyrexians!
As you know I was not sure last couple of days if altseason started or not and finally decided that not. Bitcoin dominance will reach 67% and large altcoin like ATOM gives me the hint that altcoins can drop 50% in the upcoming 2-3 weeks!
Let’s take a look at the 2 days time frame. To measure the impulse this is valid now. We can see that after reaching the wave 3 target price bounced in the wave 4. Wave 4 has reached the 0.38 Fibonacci and started to go down after red dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio]. Moreover Awesome Oscillator crossed the zero line signaling that wave 4 could be finished. Now price is in wave 5. The target is $2-3.5. I think it will reach slightly lower low at $3 in this bear market which is almost 50% crash from the current price.
Best regards,
Ivan Skyrexio
