Ether Top

in ether •  8 years ago 

Yesterday, I posted on Elliot Wave Trader:

Gonna stick my neck out....barring extensions the tippy top in ethereum is between 202 and 210.

Well, that came timely. The power of Elliot Wave Theory...Now what? We're tracking the current C wave setup with a target of $111. A new high today, doesn't challenge the top thesis, but does challenge the immediate bear setup.

A reference on how I trade: https://steemit.com/cryptocurrency/@wildtrader/how-i-trade-cryptos-using-elliot-wave-theory
Disclaimer:
Trading crytpos is like swimming with sharks. These are unregulated markets. While I'm providing some analysis, the risk is all yours. You can get hacked, raided, and scalped. These markets can be thin and predators lurk. Do not put any money in cryptos than you can afford to lose. Always use two factor authentication on your accounts. And, regularly take profits out and trade something else

ETH: 0x214100463968649031A9D6E6A6C5B9aDdE540e29
BTC: 14Y4V2hFUKzQZe3rVJ8cTphv583FiRvgqS

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I've been following Avi Gilburt's analysis recently, same site?

Yep, that's right. I'm a member and is where I learned Elliot Wave.

Bitfinex bottomed at 110. That's incredible. Your Bitcoin numbers have been spot on too! Thanks!

Testing the Ether top again... Breakout or double top fall ahead?

we are watching this....In Elliot Wave Speak possible B wave top but if it holds $183 and makes another high, we have a true breakout in Elliot Wave Speak

But this changes my correction target. We should not see more than the low $50's now. And, the target for the breakout WHEN it happens is $450