VIBE is Chop, Chopping Sideways Price Action as shown by the /USD/BTC/ETH Pairs
SUMMARY
During corrections, Altcoins can be considered as a Pac Man that chomps away at time and does so by chopping through sideways price action. Prior corrections had favored an a,b,c,d,e types of patterns but this correction seems to favor the WXYXZ triple combinations. The below chart displays the a,b,c,d,e triangle sideways price action.
The WXYXZ sideways action allows more time to be consumed. Especially if the subwaves extend laterally. The below chart has each abc subwaves labeled. As this is one of 36 corrective pathways, the other combinations could generate even longer sideways actions.
VIBE/ETH seems to have taken the ABCDE pathway an if price is genuinely close to the Apex, then the next step is to expect a breach of the upper blue line. The Apex point is quite close to price point and such breaches occur at around now. Let's observe how the overnight price action plays out.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Looks like we have to wait for Bitcoin tide to go up so all the alt-coin boats will rise.
It’s very useful for me
Hi Haejin Can you look at the global market cap
Theres is a monster head and shoulders forming it appears that the left shoulder the right shoulder and the head have all been confirmed by the volume. I'm expecting a minor bull trap. However there might be a major correction coming.
Good post @haejin ( 74 )
Lets see how it goes overnight
This very good news update about cryptocurrency.It is very informative and educative valuable.You have included more detail about all currency update
This is very helpful for us.Thank you very much
Can you please have a look at this altcoin (KRB), and analyze it.
It is kind of local ukranian but looks bullish (I think), with cup and handle
Seem it is in accumulation time. Waiting for big boom up. Thank you @haejin for this point out
Nice artice...
Good to know...
Tnx ;)