Wave 5 impulse confirmed

Well, we're making a new top. Obviously the a-b-c wave iv correction has been invalidated. This is the trouble with all forms of analysis. You can only make an assumption. Which, sometimes turns out to be correct, sometimes not. You may very well say that the uncertainties of trading are an argument in favour of dollar cost averaging and I will not disagree with you, provided you are long term bullish. Personally I hodl most of my position and try to expand this position by dollar cost averaging; trading I do mostly for the fun of it. I like analyzing charts.

Honestly, I have no idea where this wave v might go. There is minor resistance around $10k, a bit more pronounced resistance can be found at $11.8k. Maybe we'll reach these levels, maybe we don't.

The total crypto market has trouble making a new high. This is because of the altcoins, most of whom are still dead in the water.

This includes the larger altcoins as even the Huobi10 is struggling to make new highs.

Important to realize is that we are now making a solid five wave impulse. According to Elliott wave theory, a five wave must be followed by a correction. The bottom of which is the ultimate entry point for a glorious ride on a larger wave 3.
This is good news. The theoretical possibilities of this run up from the December 2018 lows being a corrective pattern are now out of the window. There is more gas in the tank.

Looking at the indicators. Only the monthly and the daily time frame are not overbought. Divergence is not in sight on any time frame. It should go up some more. For the moment it is unclear where. But I'm waiting for the pullback/correction to open a new trading position.

So, again, as usual in trading, patience is what is asked for. You're like a leopard lying in a tree waiting for a juicy piece of meat to pass by. At the right moment you jump and sink your teeth into the beast's flesh.