Elliott Wave on a longer timeframe
BTC has shown signs of bottoming even though inflation expectations started dropping from 2018, but seems to coincident with inflation expectations bottoming and now breaking the downward trend. Perhaps there could be some view that BTC as asset is becoming a first mover on inflation expectations? If it is indeed the case, it confirms that we should buy BTC dips...
XLM in the last few weks has had massive dumps and rallies vs BTC, regardless we have yet to see a higher high and looks like some sort of megaphone at the bottom or maybe a fakeout (more likely) If it breaks above to a higher high, will look to enter longs and take profits at the market resistance points. Needs a convincing break higher, perhaps this is just...
Gold was hoping for more of a pullback after making new highs but it looks solid now to continue, cup and handle didnt fully play out but 2300 looks like its on the cards going forward as momentum takes it higher.
Was hoping for a pullback but all assets look strong right now and its holding at a 382 consolidation and continuation price action for the moment, the 382 resistance once broken should see us quickly move to the 500, 618 and 782 fibs before we see any meaningful retracement
LINK looks like it could be bottoming but breaking that trend line was a little concerning. If it consolidates and breaks above the yellow box, can look to go long till the fibs and watch price action along the way. For now neutral
If double bottom confirmed which seems to be the case, looking at 3 as the ultimate target.
Fibs broken and looks like accumulation, taking longs on a new higher high with target of ATH.
Short term short but long term is definitely higher when inflation ticks up