Market update.

srezz(48)

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#cryptocurrency

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2018-05-11 22:39

In my previous post I presented 2 alternative scenarios of what the future might hold for us and to be honest I'm pleased to see the market breaking down instead of continuing upwards as in my view such a development is much healthier for the market as it builds more robust wave structure.

So, one of the scenarios has eventually won the market and here is the updated version of it.
https://ibb.co/gNhYWJ

In terms of reaching its target I expect one more leg down after a small correction up.

https://www.mql5.com/en/charts/8671525/btcusd-d1-jafx-ltd

Also today I add a few more currencies to my usual set and looking at them my long term followers will see for themselves why up until now I was very reluctant to do so - some of them just begun building 89 and 34 WMAs on daily charts and without these important WMAs the charts'predictive value is virtually nonexistent.

BCH

https://www.mql5.com/en/charts/8671528/bchusd-d1-jafx-ltd