Post by
arh0070 on Mar 05, 2022 11:29am
Bnxa
Amazing how it is possible to do up to 50 notes per day on 50 different companies and still get a thumbs up.
It has been a brutal few days in Crypto world related to news out of China and Europe.
Coin and BNXA are close to yearly lows ,Voyager is at the yearly low .
Volume on BNXA extremely low .
The BTC chart Fractal has now deviated from the path it was taking towards 54-56K which is the full .702 retracement .So it appears Alt season is delayed (yet again).
It looks increasingly likely that BTC/ETHE are going into an ABC correction .This will take BTC /ETHE below the recent lows.
Once this is complete (and the time this will take is unknown)then the retracement will recommence to get back to around 56 K before heading down to 10K or so .This will be when Alt season clicks in per prior history (during the retracement).
This may all seem to be irrelevant rubbish but the Cryptos seem to follow Elliot wave theory amazingly well and the past does seem to repeat itself.
We will wait and see what the charts reveal over the next few weeks and the resultant impact upon the Crypto stocks.