Strategy Notes June 5, 2018

Jun 5, 2018 - 10:03 AM EDT

Note I'm not feeling well. Was up in the middle of the night and other symptoms. Be easy on me ;)

1) The low struck last night looks better for the stronger alts: Ether, XRP, BTS, EOS, to name a few, but clearly not in BTC. I was going to write that I expected a micro low in BTC but went to the restroom, came back and there it is. So, let's see if we bottom in this area.

https://www.elliottwavetrader.net/members/atchat/?threadId=4734539

2). Note the post last night about running flats. This or a diagonal in our big guys are the only hope of bullish here. If we don't break the June 3rd highs soon, I will be very bearish intermediate term. But I will not jump to immediate judgement because a rally needs to happen to set us up for failure out of these divergent lows, Unless we smash the divergence and sell in earnest here and now.

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