HERE IS WHERE I EXPECT ETH WILL TURN DOWN /ELLIOTT WAVE ANALYSIS

I ll short EHT USDT between 425 - 432 usdt if it gets there

I ll post my SL here after a couple of hours

Cheers.

Trade active

MY SL is 446 usdt

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OPTION - 1
We have done with WAVE IV and one more up to complete WAVE V of 5 of c of BIG B
Like that :

Note

OPTION - 2

We completed all subwaves of WAVE B
Like that :

Note

What is my position?

I m %50 short with average of 428.40 usdt and I have another bullet of %50 I have short orders between 431 435 usdt to catch OPTION 1

If I convinced this ended like OPTION 2 I ll add rest of %50 at in a relower prices and try to catch a pullback

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Let s see what s going on

When we zoom in

Note

I have one short average of 428.40 and rest one is at 435 .

So I sold that 435 one here now at 433.29 and hide this bullet to see upper channel

Note

My second short orders betwwen 440 and 445 usdt

It seems we may have last 2,4 - 3,5 channel of Wave C

Note

Let s zoom out bigger picture

Note

That is the max I may expect

Note

So I ll rise my SL from 446 to 455

And have second short order will be around 445 450 usdt

Here I can have another strategy if I catch wave 4 at 428 usdt at the bottom of channel. It is also close to our first buy order

Trade closed: stop reached

Well I was hell bearish about crypto market as well as ETH USDT but it did make an extension. I got stopped at ETH but I still keep my short position at BTC.

Please take a look below one

Trade closed: stop reached

PrinceElliott

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PrinceElliott

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