We noticed that some of the cryptocurrencies can be completing a big bullish triangle pattern. In 2017, we have seen a sharp and impulsive rise in the whole Crypto market, but later at the beginning of 2018 cryptocurrencies began to fall and we noticed that some of them can be approaching the end of a correction soon. We chose Basic Attention Token and Stellar, where we see nice and clear big bullish triangle patterns, which can be trading in the final wave E, so we should be aware of a new bullish cycle soon because we know that the whole Crypto market is more or less in positive correlation. Let’s start with Bitcoin! Looking at this daily logarithmic scale chart, we can see that a similar correction from January to August was already in 2015, so we would not be surprised if the cycle this year is repeated. That said, the first evidence that correction can be approaching the end is here. BTC LOG CHART, Daily Now let’s take a look on Basic Attention Token. As said above and as you can see, it’s trading within a big bullish triangle pattern, which is a continuation pattern, so more upside is expected, once it fully unfolds. We are tracking a final wave (E), which can be looking for a support around ideal 61,8% Fibonacci retracement of wave (D) or at that red lower support line of a triangle, so be aware of a bounce between 0.000040 – 0.000035 support area. Just keep in mind that for every analysis we need a confirmation and in this case, we need to see a break above 0.60 regions to confirm our view. BATBTC, Daily Something similar we can see on Stellar. Here as well we are tracking a big bullish triangle, which can be also trading in the final wave (E), so be aware of a bounce once wave (E) fully unfolds. Ideal support would be around 61,8% Fibonacci retracement and 0.000033 level, but it can be even deeper towards that red lower support line of a triangle, so downside can be limited around 0.000029 level. However, as long as it’s trading above 0.000021 regions, our triangle remains valid, just keep in mind that bullish triangle can be confirmed only if the price goes above 0.000050 level. STRBTC, Daily Gregor Horvat Gregor Horvat Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power! View All Post By Gregor Horvat Forex News Today: Daily Trading News share Read Next Ripple price analysis: Even after a breakout, bulls fail to hold on gains FX Street 5 years We noticed that some of the cryptocurrencies can be completing a big bullish triangle pattern. In 2017, we have seen a sharp and impulsive rise in the whole Crypto market, but later at the beginning of 2018 cryptocurrencies began to fall and we noticed that some of them can be approaching the end of a correction soon. We chose Basic Attention Token and Stellar, where we see nice and clear big bullish triangle patterns, which can be trading in the final wave E, so we should be aware of a new bullish cycle soon because we know that the whole… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.