Weekly Trend Forecast:
1. Bitcoin weekly B wave correction, at least 3 weekly candlesticks, corresponding to 3 waves down on the daily chart. Currently, the second week has the potential for a 2 wave rebound on the daily chart (watch for when it stands above the 5-day moving average to start, probably in the next day or two). The upper 2 wave high point near 99500 faces resistance from the 5-week moving average, then after reaching the high, it will correct with a 3 wave down, at least breaking 922 next week, with lows between 900-855; (This week is Christmas, and next week leading into the New Year has a high probability of a 3 wave pattern, the pattern aligns.)
2. Ethereum weekly B wave correction, at least 3 weekly candlesticks, corresponding to 3 waves down on the daily chart. Currently, the second week has the potential for a 2 wave rebound on the daily chart (watch for when it stands above the 5-day moving average to start, probably in the next day or two). The upper 2 wave high point near 3650 faces resistance from the 5-week moving average, then after reaching the high, it will correct with a 3 wave down, at least breaking 3100 next week, with lows at the neckline and gap around 2800; (This week is Christmas, and next week leading into the New Year has a high probability of a 3 wave pattern, the pattern aligns.)
Strong altcoins may consolidate the moving averages in advance, then strongly rebound when the market bounces back. Next week, or at the latest the week after next, is the best opportunity to layout spot positions. If you are optimistic, you can look for Brother Yun to layout together. I hope this analysis helps everyone, aiming for big profits;
Let's layout together for a big bull market in the future!
