mini alt season still not finished - Elliott wave analysis

Aug 13, 2019

I had to modify my last plan to extend the 3 of the A, the retracement of wave 4 being to shallow to be a B. We are at the moment in the middle of wave 5, targets in red on the chart. it will be followed by a wave B where BTC will gain dominance. Alts are not necessarily good to buy at the moment though as BTC is loosing value against USD. I would stay out of alts at the moment, maybe waiting for the wave C of this correction. Wave B may be a good indicator that BTC will gain some value against USD so it may be a great time to long BTC again.

#btc
#altseason
#crypto