SUMMARY
Is Ethereum (ETH) correcting? Yes. Is it pleasant? Corrections are healthy! The below chart shows tha the minor correction is still progressing and the ABC waves are shown. Price has started to move sideways, so that could introduce additional price patterns not yet shown. The MACD should continue dipping into the C wave.
The broader picture shows that five distinct waves can be labeled and the ABC correction is shown to reach 0.5 Fib retracement. Can it go further than that? Yes, to 0.78.
However, the big picture is where the focus should be. The below shows how the five white impuls waves are subwaves to a higher degree of trend purple wave 1. Currently, purple wave 2 is in progress. What comes after 2? Wave 3 and that should give some fireworks!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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focus on the big picture~~ i'll check several times a day :)
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Here's to hoping we retrace briefly back to 756 I fell asleep w/out my stop loss and don't want to take the loss...really thought 769 was the right number but I'm new to ta.I heard the Mt. Gox account had some movement and the last time that was the case we saw Eth bounce back rather quickly.
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Thank you for the update
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There is a typo in the second sentence: You typed 'tha'--accidentally missed the 't'-- while attempting to write 'that'.
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Kudos! Kill minnows like me now! We got no say anywhere, right? Just strangle us! Nobody cares! I did not know I hurt anyone's feelings! How come I got flagged for a comment! The world is a strange place! Some people can give 10 dollars by upvoting a comment where some can just flag the comment for god knows whatever reason! And what can I do instead of whining, right? I'm just a minnow!
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analysis of the right target @heajin. I'm not tired of boring to follow your blog. and I always study the analysis tables you create. hopefully useful for me. if my comment gets annoyed maf i still lack knowledge. thanks
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great articule, interesting
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LOL.
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I learned a lot of new things from this post. Great post mate.
I also have a new steemit blog where i post daily analysis of CRYPTOCURRENCY AND FOREX MARKETS to help the new traders. If I get help from a blogger like you, then I will benefit a lot and newcomers trader can also benefit from me. So if it is possible, then please subscribe to me @syeedhossain24
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AST update
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Thank you, this is interesting!
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Thanks i was waiting ETH update
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also I'm
l
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Thank you, this is interesting!
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