Hello, Skyrexians! 

While Bitcoin is staying inside the price range, altcoins are collapsing every day. $ATOM is not an exception. It has tested the bottom at $6 once more. For sure, it's not pumping because top crypto traders continue talking about altseason. Most of people simply copy trade and therefore, the crowd is sitting is assets and waiting for the growth. Most of investing and crypto trading strategies and trading bot strategies giving the strong long signals, but even if you use the great cryptocurrency trading strategy, it's necessary to take into account the sentiment. It's very difficult to pump assets if everybody bought it and wait for the fortune. 

In today's article we will try to make it clear if ATOM found it's bottom, what is the current market phase and which possible scenarios can take place in the future. We will define the critical points when it's vital to make a decision. This overview will be useful for investors, traders and for who uses automated trading bots, automated trading software for cryptocurrency or grid trading bot. The potential scenarios can help you to make a decision how to set up your strategy to reduce risk and increase potential profit. Let's get started! 

Cosmos global overview

ATOM is pretty old cryptocurrency which has been listed on the major exchanges in 2019. Therefore it has already showed us it's behavior is the bull run 2020-2021 and during the following bear market in 2022-2023. The key feature which we have to define for every crypto asset if it's up trending or so-called "scam" coin. ATOM set the higher low for the current bear market in comparison to previous one. It means the we can expect new ATH in the next bull cycle. Critical point which invalidate this statement located below $2. 

Until price is above we will consider previous bull run as wave 1, current bear market as wave 2. It means that next bull run can reach the very high prices in wave 3. The minimal target is $49 which is 1 Fibonacci extension level. The most likely target is 1.61 Fibonacci at $77, and the positive one is above $120, but I personally don't believe in this. 

Is bear market finished for ATOM?

Now it's time to look inside the wave 2, is it finished or not. For this purpose we will use the 1W chart and combination of indicators: Alligator and Awesome oscillator.
Previously we thought that dump from March to June 2024 is just the wave 2 of the new bull run, but price has retested the low and very unlikely to see the huge pump in the upcoming 2-3 months. Now we can recalculate the Elliott Waves. Global bear market (wave 2) consists of waves ABC. Wave C always has 5 waves inside and now it looks like the end in wave 5 in C. Awesome Oscillator is showing huge bullish divergence, moreover Alligator created angulation with the price. If current weekly candle will be closed as bullish hammer, it's gonna be huge reversal sign.

ATOM will pump, but is it going to be bull run beginning?

If we take a look at the anticipated wave 5 inside we can clearly see the 5 waves. Awesome oscillator has bullish divergence which in conjunction with bullish reversal bar and two squat bars at the bottom give us the clear sign of reversal, at least, local. Even it's not the end of the bear market, 0.5 Fibonacci retracement is reachable target.

If it's not gonna be bull run start, the wave 5 will continue to the new lows. Pump to $10.4 is gonna be just wave 2. The upcoming waves 3 and 5 can easily reach 3-4$. It's still gonna be not a scam token making higher lows.

Conclusion

Despite that ATOM is fundamentally strong asset in the crypto world, it has not showed us any significant gains in this bull run. Moreover, there is a huge probability that bear market is not over for this coin. Anyway, current dump wave has been finished or almost finished and bounce is anticipated next. When price will reach $10 it's gonna be the decisive moment where we can understand, will it continue goes up or $4 target will be reached. 

Best regards, 
Skyrex Team
#BinanceTournament #CosmosATOM #BTC☀

In this short article you will know if Arbitrum token ARB is about to pump or it's complete scam and continue goes down.
Hello, Skyrexians! 

Last couple of weeks something bad is happening on the crypto market. It's dumping hard, especially altcoins. Most of the top crypto traders has been waiting for altseason for quite a long period of time, but the result is the opposite. Major exchanges delisted some tokens, which immediately fall below it's critical levels, crypto trading strategies faces with huge losses, most of automated trading bots also hurt deposits, even grid trading bot got stop loss because of price falling below price range. In such a difficult times it's vital to chose the best assets to invest money. Finding such altcoins is important also for automated cryptocurrency trading because it needs enough liquidity. Today we will try to understand if $ARB such asset or not, providing multi time frame analysis using different indicators.

Arbitrium weekly analysis - what Elliott waves are telling us?

Almost all profitable crypto trading strategies are based on Elliott Waves, at least for confirmation trading decisions. On the 1W chart we can see that the first bullish impulse has been obviously finished at $2.43. In my opinion now most of traders shall think that game is over because current dump has almost hit the wave 1 bottom, but waves 2 can retrace up to 100% of the wave 1, especially for such low cap altcoins. ARB is still not bottomed yet, but this bottom is next to. 

if this anticipation is true this asset is about to start the impulsive wave 3, which has minimal target at $2.56, most likely at $3.58 and the optimistic one at $5.23. For sure it's not the final target for entire bull market if it will take place, just for wave 3. Extended wave 5 can easily double all these targets, but now it's too early to talk about it. 
Arbitrum daily analysis - reversal is here?
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On the chart below we can see ARB on the 1D time frame. We can see that larger degree wave 2 has ABC zigzag structure where the wave C now is about to be ended.

Awesome oscillator is telling us that bullish divergence between wave 3 and 5 inside the wave C is almost done. Only big drop can break it. For reversal confirmation we need bullish reversal bar and three consecutive green columns on AO histogram. It would be nice also to see the squat bar on MFI instead of green which we are seeing now. Green bar tells us that bears are still strong an dump is not finished, it's better to wait for the confirmations.
4h chart is telling us bearish phase is over?

Let's take a look also at 4h time frame. Remember our educational article on Elliott waves where we told about the waves inside waves. This chart looks inside the wave 5 in C. This wave also consists of 5 waves and we have some proofs that this trend is almost over.

First of all look how accurate price hit the wave 3 target at 1.61 Fibonacci. Wave 4 retraced to the target zone and now price has printed bullish divergence with AO. It's still unconfirmed, like bullish reversal bar which can be potentially formed soon, but MFI shows us two consecutive squat bars. It means that it's difficult to go lower and there is a huge battle between bulls and bears. We are ready for reversal now! ‍
‍Conclusion
‍For sure most of traders now are losing money because nobody believe in Bitcoin, but most of them have been sitting in altcoins. But now as I can see the huge disappointment came to market. People are telling that it's all over, huge bear market ahead. We suppose that in such a disappointing times the largest opportunities come to the market. Be patient, control your risk and be happy.
Best regards,
Ivan, Skyrex
#ARB🔥🔥🔥 #CryptoTradingPrediction #bitcoin☀️

Hello, Skyrexians! 

While Bitcoin is locked inside the price range between 60k and 70k, altcoins look dead. While we saw fantastic rally for Bitcoin, Ethereum, Binance coin and other largest altcoins, most of crypto assets are still testing the bottom. This price actions can disappoint even best crypto traders. People usually trading cryptocurrency for profit, but now even if you bought altcoins at the bottom you have a very small profit. 

In March 2024 most of crypto trading strategies predicted the further pump, but instead of this we can see -60% drop for most of crypto coins. Even most of trading bot strategies faced with huge losses during last 3 month. During the bullish phase the best decision is to use grid trading bot, but this time price went out from the grid bot trading range, therefore even automated trading bots faced with losses. 

In our opinion such shakeout was needed because of excessive optimism on the crypto market. People needs to be disappointed and sell their crypto before the true bull run. Now it’s happening, we will show you our thoughts about crypto market and will try to analyze what is coming next. 

#bitcoin☀️ analysis $BTC

As it usually happens Bitcoin started moving up first. It’s bull run started at the beginning of 2023. We will analyze 1W time frame. Awesome Oscillator and Alligator showing us that Bitcoin is still in global wave 3 because of it’s maximum value. Moreover AO still has not crossed zero line. It means that there are a lot of time before bull market will be finished. 

We predict the wave 3 finish in the upcoming 1-2 months with the price target approximately at $80k. Let’s use this target to predict the further scenario. We have the super confident target for the wave 4. It’s inside the range between 0.38 and 0.5 Fibonacci retracement for the wave 3. It’s inside the range $54-61k. Moreover, lower degree wave 4 has been finished there. When price will reach this zone, for bullish reversal bar and AO crosses zero line, it can be the strong sign that global wave 4 is finished. 

Assuming that wave 4 will be finished in this zone we can predict the target for the wave 5. We have to take the distance from wave 1 bottom the wave 3 top and measure it from wave 4 bottom. This is the maximum target for the wave 5 and the entire bull run, at $115k. The minimal target is 0.61 from this distance, approximately at $92k. Anyway, this wave shall be printed in conjunction with the AO bearish divergence to kill this bull trend. 

Taking into account that wave 4 can be very long in terms of time this bull run will be finished in the middle of 2025. 

Bitcoin Dominance

Bitcoin is moving clear, but what with altcoins? The key chart for altcoins is the BTC Dominance chart. Every time we see huge drop on it, massive alt seasons happen.

You can say that this is not a real asset and it’s impossible to predict it’s value, but all these movements is the trader’s psychology. Therefore we can use classical TA tools here. BTC Dominance now is inside the target area 0.5-0.61 Fibonacci. There is a high chance that massive dump will start from here. This time it can break 40% and finally reach 24%. We believe that this time this decrease can be on the real Bitcoin’s dump. Large players have a huge gains on Bitcoin and they need to distribute liquidity to take profit, that’s why alt seasons usually happens. We predict the altseason start in the upcoming 2 months. 

Cardano $ADA analysis

Let’s move on to altcoins analysis and start with the old assets ADA. It has enough history to make a price prediction. Previous bear market bottom was at $0.02, this time it has reached $0.2. You can say it’s 10x from the bottom, how it will go up? 

We can conclude that ADA is the uptrend crypto asset because it’s making higher lows from cycle to cycle. Therefore the previous bull run could be just the wave 1. Global wave 2 finished with the bullish divergence with AO on the weekly time frame and after that we have seen this local rally. This rally is just the wave 1 of the new bull run and current dump is just a correction to it. For sure we need more disappointment, that’s why we expect more sideways in the current range. When everybody will be disappointed the huge wave 3 starts. It has two targets: $3.3 and $5.2 if this bull run will be extended. 

Cosmos $ATOM analysis

The main question of the day is why such fundamentally strong asset like ATOM is still at the bottom, while meme coins made 10x. For sure it was a huge mistake, but as we can see now people hate such assets like ATOM. They want to buy Solana or PEPE instead and it’s good sign for ATOM holders. We make our predictions based only on charts and this chart is also telling us about bull run is coming.

ATOM is also making higher lows from cycle to cycle. The main difference with ADA is that Cosmos has printed shortened wave 5. First bullish wave finished in March and now price is finishing wave 2. Wave 3 will start suddenly when nobody believe it that. We suppose in September will be huge gains on fundamental projects. Minimal target is $49, maximum one is $77 according to 1 and 1.61 Fibonacci extensions. 

Polkadot (DOT) analysis 

The last crypto asset for today is DOT. It has almost the same pattern like previous two assets. Wave 5 of bear market was not shortened here that’s why we have seen rally more than for ATOM. 

Previous bear market bottom has been reached much lower that in the current cycle. In our opinion the first wave of the new bull run has been already printed ad current disappointing wave 2 is trying to persuade people to sell their assets. 

After 1-2 month of consolidation and may be making lower lows locally we will see the huge push the the upside. The minimal target is $56, maximum equals $89. 

Conclusion

Most of altcoins are in the huge accumulation which lasts for almost two years. In the previous bear market was almost the same time before significant gains. For sure this time can be different and may be it’s time to die for altcoins, but Elliott Waves analysis reflects perfectly the crowd’s mood. If now we can see still a lot of optimism, if price will continue sideways they disappoint. 

Overall, we can see now two groups of traders. The first one is still bullish, the second one is waiting for new lows below the current consolidation to enter the market. We suppose that both major groups shall be fooled, market maker will not allow assets to dump that much, but at the same time he will not pump it before most of bulls sell their assets. 

Best regards, 
Skyrex Team

Most of you have probably heard about Elliott waves and we are sure that you don’t use it in cryptocurrency trading strategy because it’s very complicated and subjective approach. Crypto trading for beginners is very challenging and stressful even without Elliott waves. To be honest when we first time tried to implement it to my crypto trading strategies it was a complete disappointment. We were sure that it does not suit for both trading bot and manual trades. Elliott waves were thrown into a garbage bin for almost two years and we developed our crypto trading algorithm using only linear programming approaches. 

While we have been trying to invent the best automated trading bot using only indicators and support and resistance levels, best crypto traders have been successfully using Elliott waves in their analysis. Finally we make a decision to have a deep dive in this popular crypto trading tool and studied in details all available literature. As a result we found that Elliott waves will ruin your trading if you use it without special indicators for confirmation. Now we have 2 years of experience in trading with waves and almost one year ago we implemented them into our algorithmic trading bot. Today we prepared the best ultimate guide ever on Elliott waves using best practices and our unique experience how to use them in developing your own profitable crypto trading strategies. Let’s go! 

Why it’s vital to use Elliott waves?

Before answer this question, let me ask another one! Why is important to use map to reach the final destination? I think here is the obvious answer! Talking about Elliott waves it’s almost the same reason. This is the only one approach which gives you a map for a price chart. I think you agree that technical indicators or support and resistance levels will not give you the answer which direction the price will choose. When you have, for example Stochastic Oscillator crossover or RSI oversold area hit you just open long because this is the most common strategy. You buy asset like a blind kitten. We are not criticize this approach, because using proper risk and money management you will earn with almost every strategy, but understanding the Elliott waves concept will dramatically increase your profit even if you combine them with your ordinary strategy. Why it’s happening? The answer is easy, because Elliott waves in the underlying structure of the market. You will be aware when you shall use your signals and when it’s better to skip trade. Now let’s dive into the Elliott waves to understand how to find them on the price chart. In the first part we will give you all needed theory and after that we will show in the real charts how it works. 

Elliott waves

In general, Elliott waves concept is pretty easy. All markets are globally moving up with the five waves formations and then show the pullback with at the reactive waves. On the Bitcoin price chart above you can see the most common picture for Elliott waves. We had the bull run which consists of five waves and then was the bear market represented with the ABC correction. 

Waves can be divided into two groups: impulsive and reactive. On the bullish phase waves 1, 3 and 5 are impulsive, 2 and 4 reactive. Impulsive waves consists also with five sub waves, while reactive have usually three waves (exception the triangle correction, will be covered later). On the bearish phase we have the opposite situation: waves A and C are impulsive, while wave B is reactive. Now let’s discuss each wave in details. 

What will stop every wave in 90% of cases?

Before we will observe the wave it’s very important to understand what are the early signs that current wave is about to be finished. This is really crucial concept because without it almost impossible to use Elliott waves for profitable trading. We need four tools to make sure that our counting is correct. In this article we will not spend to much time for these indicators, we just show you in practice how to use them. These tools are: Awesome Oscillator, Market Facilitation Index (MFI), Fibonacci retracement and extension and Fractals. These four indicators produce five wave’s end conditions. 

Divergence with Awesome Oscillator. If you found five sub waves inside any wave and you can see that price set the higher high (or lower low for bearish case), while AO set lower high (or higher low) it’s divergence between wave 3 and 5. This is the most powerful signal that trend is over. 
Fractal at the top or bottom. When you see the divergence it’s just the first sign of trend weakness, we need confirmation with the fractal forming at the top or bottom. You can easily find this indicator in TradingView, it will show you all fractals. 
MFI squat bar. We will cover MFI in one of the next educational articles, now you just need to know that it has squat state - the last battle between bulls and bears. One of the three top bars will be the squat in 80% of waves end. You can also find this indicator in TradingView. 
AO momentum change. Another one confirmation that trend is over is when AO histogram changes color. It’s better to wait three consecutive columns of the other color or when AO will cross back the signal line, 5 period MA of the AO. 
Target area. Using Fibonacci extension and retracement we can find the area where the reversal is the most likely. We will show you this targets when talking about waves. 

Now you know the five basic rules and we are ready to discuss every wave using this concept. 

Wave 1

When the previous trend is over the impulsive wave 1 begins. We can define the wave 1 start only establishing the previous wave end. It could be wave 5, C or E. It does not matter. You just need to apply our five rules: divergence, momentum change, target area, squat bar and fractal. On the chart you can see how in theory wave 1 can be looks like.

Wave 1 always consists of five waves. That’s why we can wait for the same five rules to complete between wave 3 and 5 inside the wave 1. When you anticipate the wave 1 finish you have two options: close trade and re-enter at the wave 2 bottom or hold for the entire cycle. 
Wave 2
When wave 1 ends, you will see pull back in wave 2. It’s important to catch wave 2 bottom because wave 3 will bring you a lot of profit. Wave 2 can be classical ABC zigzag, flat or irregular correction. 70% probability it will be ended inside 0.38 and 0.62 Fibonacci retracement range of wave 1, in rare cases it can ends higher or lower. That’s why it’s better t count waves inside wave 2 and do not miss when all five trend killing conditions are met in wave C inside 2. 

Wave 3

The most impulsive wave in the entire cycle is obligatory for trading. Here you can have the less risky and the most easy trading. Wave 3 has the great fundamental factors as a price drivers. For example, Bitcoin spot ETF triggered a huge pump recently. Let’s imagine you correctly entered at the wave 2 end. Now we have to define wave 3 targets. The target area using fibonacci extension can be found between 1 and 1.61. This is the most likely case. In crypto it’s very often when waves 3 are extended.

To have the most precise target it’s highly recommended to count waves inside wave 3. Found five waves? Check our favorite trend killing rules to exit a trade at the top. We know it sounds fantastic, but we managed to buy the exact bottom and sell at the top many times, but to be honest, we have never caught the top of the extended wave 3. Need more experience for that. 

Wave 4

Wave 4 can be the most complicated because it has a lot of different variants: zigzag, flat, irregular or even triangle. But at the same time in wave 4 we can have the easiest setup. When you predicted wave 3 top, it’s time to setup the target for the wave 4. The most reliable one is between 0.38 and 0.5. This wave is not so rapid as wave 2 and takes much more time (up to 70% of all cycle). 

The very important tip here is to look at the price where wave 4 inside wave 3 has been ended. If this level coincides with the 0.38-0.5 zone it can give you much more confidence. We have never made a mistake using this technique. As usual you have to look for the five trend killing rules in wave C inside wave 4 as well. 

Another one thing we want to point out. You know the axiom, that wave 4 has not overlap wave 1 top. This rule can be slightly violated and we will show you the case. Don’t pay attention that much to this rule. 

Wave 5

Finally we are in wave 5. This is really vital to define it’s top because bear market will follow this wave and can destroy your deposits. The target area for the wave 5 is defined as the distance between wave 1 bottom and wave 3 top, measured from wave 4 bottom. Area between 0.61 of this distance and 1 Fibonacci level is our target. There you have to find trend killing rules as usual but this time for all cycle, not subwaves. 

Corrections 

The most dangerous place for trading is the correction. From our experience only wave C in zigzag is tradable. You would better to skip corrections and try to catch it’s end. We have four types of corrections, but the most important knowledges is that wave C and E are always consists of five waves. It means you can use the rules how to catch wave 5 end inside these waves. 

Zigzag ABC. If wave A consists of 5 waves the most like we will see zigzag. Wait when wave B reach 0.5-0.61 Fibonacci of wave A and be ready to trade in wave C. 

Flat. Wave A has 5 waves inside. Waves A, B and C are almost equal to each other. 

Irregular. Wave B top is higher that the previous impulsive wave. Wave A consists of 3 waves. 

Triangle. Consists of A, B, C, D and E waves. Wave E consists of five waves. Usually occurs inside waves 4 and B of higher degree.

Now you have a theoretical description. It’s time to trade!

You have probably heard about Alligator, indicator which is used by top crypto traders. This powerful tool can increase performance of every cryptocurrency trading strategy and help you to make money on the market. Alligator gives us the precise answer if now price is in impulsive or reactive wave. This knowledge is very useful in building your own crypto trading strategies or even in automated trading bot strategies. Even if you use grid bot strategy Alligator can increase your return on investment because it’s vital to set up grid bot in reactive wave and sideways movements. What is the beast Alligator, let’s have a deep dive into this topic today!

What is Alligator?
Alligator is the best indicator for trend detection. It consist of three moving averages which are called jaw, teeth and lips. Moving averages are frequently used in algorithmic trading bots. They can be exponential, smoothed or weighted depending on particular crypto trading algorithm, but we will use smoothed moving averages (SMA).
Jaw (blue line) - 13 period SMA shifted 8 bars is the future. This is the balance lie of the current time frame, for example 1DTeeth (red line) - 8 period SMA shifted 5 bars in the future. This is balance line of lower degree time frame, for example 4hLips (green line) - 5 period SMA shifted 3 bars in the future. This is balance line of two times lower degree time frame, for example 1h

Please, be careful when you use Alligator on different cryptocurrency trading platforms. Check the correct settings and moving average type. On TradingView it’s correct, don’t worry! 

Trend detection with Alligator

The main Alligator’s feature is the detection the trending markets and markets which are about to explode in any side. This powerful tool can enhance your crypto trading algorithm if you use it in the correct way. On the ATOM price chart you can see the example of an Alligator. As you can see it has two conditions: sleeping and hungry.

Sleeping Alligator is when all lines are crossing each other and the price. This period of time can takes up to 80% of time. This is the market cycle stage where you shall avoid any trading and be prepared for the trending marketHungry Alligator is when after a long period of consolidation price chose the trend direction. It’s an impulsive move. Alligator’s mouth is widely opened and do not crosses the price.

It’s very important to distinguish the trending market because only this type of a market gives you opportunity for the fast and huge profit. Otherwise, in the range bounded market you don’t have enough space for price to make profit for you. Most of stop losses occur while Alligator is sleeping. Another one very useful hint for you. If you use Elliott waves analysis. You don’t need to understand in which wave market is now. You just jump into the impulses and avoid corrections. 
‍
How to trade with Alligator
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Here is the most interesting part. How to start crypto trading using Alligator? Our basic strategy is to wait when the price will create the first fractal above the Alligator’s mouth and place conditional order to buy one tick above the fractal’s top. We will discuss fractals in details next time. Now you have to understand how to use Alligator. 
Another one hint from our experience is to use fractals only when Alligator has been sleeping for a long time, like you see on the BTC chart. After long sleep and fractal breakout Bitcoin showed the greatest bull run in the history. 

Let’s notice where we should close trade. Almost at the top! When price started showing weakness we don’t need to be in the market anymore. Using this strategy on 1W time frame you can hold assets during entire bull run and sell then before bear market. Fantastic! Isn’t it?

Conclusion

In this article we discussed how you can implement Alligator indicator in your trading routine. This indicator will help you to avoid boring market when you can only lose money and catch every big move. Moreover you can use even sideways market detection if you use cryptocurrency trading bot which earns money in range bounded market. For sure this in not the only one strategy using Alligator. Next time we enhance our approach with other tools and see in details how Alligator improve their profitability. Moreover, soon we will live stream where practice trading with Alligator. See you next time!

Best regards, 
Skyrex Team

Cryptocurrency trading has a lot of risk due to increased price volatility. Even the best best crypto traders made a lot of mistakes during the correction which has been started in March. Market can show boring sideways for a long time, about 70-80% of all the time. In such periods even top crypto traders and top crypto platforms face with losses. Skyrex AI Bot has the smart system which detects when correction can be started and define the price range where it can safely accumulate assets for the further growth. It did it in March and it’s doing the same right now. 
Today we are going to share with you the ultimate Bitcoin analysis, according to our algorithmic trading bot so you can use the right predictions in your trading. Corrections are very dangerous and most of traders are scared and panic selling at the local bottoms. How to avoid it? Let’s discuss today. 
Let’s start with the weekly chart. According to our crypto trading strategies first of all we shall check the higher time frame to define the overall picture. On the weekly time frame we can see the entire bull run 2023-2024. Bull run is always an impulse that is why we can count Elliott waves inside it. All impulses consists of 5 waves and our purpose is to count where is can be wave 5 to top to left the market or open a huge short. 
The first thing we can do is to understand where is the wave 3 top. Wave 3 corresponds to the highest value on the Awesome Oscillator. We can see now that we have the maximum AO value and there is the only first week which can be closed red on the histogram. Wave 4 of the highest degree cannot be over yet because we shall see the zero line cross under on AO first. Imagine how big can be this correction. It can easily reach 53k. This is 0.38-05 Fibonacci support levels. That’s why it’s vital to take your profit before huge dump.

To avoid the potential loss let’s take a look at the 2D time frame. This time frame is used to calculate the end of the wave 3. Wave 3 is also an impulse which consists of 5 waves. Looking at the Awesome Oscillator we can notice that wave 4 inside wave 3 has not been finished or may be has not be even started and we still in wave 3 in 3. We think that wave 3 in 3 target area is next to the current price therefore we can measure the correction target. 0.38 Fibonacci level is the reliable target for the wave 4. It’s approximately 59k. Moreover, we can see that wave 4 lower degree ended here, which gives us much more reliable target. It looks logically that price shall retest the support before going higher. 

By switching to 12h time frame we can have even more precise target for wave 3 in 3. We can see that Awesome Oscillator reached it’s top at $73k and then crossed the zero line. It means that now wave 4 inside wave 3 is in progress. It looks like triangle. That’s why we don’t wait big drop now. This multi time frame cryptocurrency trading strategy allows us to be ready for market reversal before the most traders. Now we expect pump to 77k to finish wave 3 in 3 and then the first big drop. 

Let’s summarize all the analysis. First of all we are waiting for the pump to 77k to finish wave 3 in 3, then we will see the wave 4 in 3 which can retest the 59k. Then wave 5 in 3 reach new high. May be it will be 80k+, but the most exact target we will know only when it happen. Then the larger correction in global wave 4 anticipated. It can reach 53k. We think there most of traders will be bearish. That’s why it’s needed to print the last wave 5. In our opinion it will not overcome 100k. Only after that the huge bear market will come to crypto. But it’s not soon, may be in the end of this year. 
Best regards,
Skyrex Team