In the first analysis we saw the possiblity Wave 3 as a break out followed by Wave 4 as the correction and Wave 5 as the crash -» Yesterday the bulls were really strong and if it keeps up like this, we can have the termination of Wave 3 already. Meaning Wave 4 can be a much bigger correction and possibly the begining of a Range. This Range can take up for...
Ethereum is still showing bullish potential and we can see Wave 2 ending with the ABC correction. C correction Wave was really brutal but gives new buy opportunities; it's a waiting game now. Constantinople fork can give a new bullish breakout however I'm not so keen on trading the news. These trades will be for the long term, I'll close some positions around...
ETH finally manages to break up and I'm expecting a correction to finish Wave 2. If the market holds the trend line I'll open new buy positions. Please like or leave a comment :)
1. We can see a bullish flag forming up, if this breaks up we can go ahead with the subwave 3 and reaching the $16o price area. 2. The market can break the flag below and still hold the trendline we still go with the above. 3. If both break down (bull flag & trendline) we can see prices around $80 area followed with a period of consolidation -» still good prices...
Let's see how these Waves are playing out. Please like if you think this idea is worth it :)
4h chart shows the formation of a Bear flag, meaning that Wave 2 can extend to 61% Fib -» We'll open new trades around this price area. Please like, if you feel this post deserve it or leave a comment :)
Possible repetition of 1987 flash crash -» exact same pattern. It's even possible we don't have Wave 4, the panic can be so great causing the market going straight through towards the blue buying area. We'll attempt to go short at $2300 only risking 1%
Hi everyone, first time I publish so don't be harsh :) We can see that the uptrend is forming an Elliot Wave - We do think that the correction wave will hold around the $130 area however the $120 area is not excluded. After it's waiting if the areas around $120-$130 will function as resistance if so higher prices can follow. We bought in around $89 and after...