"The false bottom" Ethereum

١١ نوفمبر ٢٠١٧

The people who bought at 80% of bitcoins market cap who do not understand what a smart contract is have not sold yet. Needs moar pain : )

١٦ نوفمبر ٢٠١٧

ملاحظة

Still expecting that last big move up before going down...but if it does break .04 (don't think it will) *then we're going straight down.

٢٣ نوفمبر ٢٠١٧

ملاحظة

Upside target (than we'll see how the market reacts after, either we put in a higher low, or the new downtrend begins):

٢٥ نوفمبر ٢٠١٧

ملاحظة

I think that’s it guys, seems the downtrend will now continue. We kissed the yellow descending trendline and sellers stepped in. Now it looks like we have two up move of fairly similar length for a nice corrective (*not impulsive) X wave:

٦ ديسمبر ٢٠١٧

ملاحظة

Looks like it's time for the bounce give or take, should probably make it back up to the yellow trendline:

١٩ ديسمبر ٢٠١٧

ملاحظة

Nice rally (as expected), think its coming to an end soon, looking for something like this:

٣ يناير ٢٠١٨

ملاحظة

Went a bit higher, that's okay. RSK dropping tomorrow on bitcoin (and presumably litecoin), *if we break the highs then OKAY i'll get bullish on ETH.

٦ يناير ٢٠١٨

ملاحظة

Yup, price had trouble sustaining a break of the highs. Trendline broke, RSI trendline broke, StochRSI crossed down. Slight change in the count, since i'm having trouble counting 5 waves up going to call this "B"

٩ يناير ٢٠١٨

ملاحظة

Sorry guys bad call, looks like I was early, but doesn't mean i'm wrong. Still expecting a big move down here. Be careful though, more upside to the 2.618 still in the cards if clear the 1.618.

١٠ يناير ٢٠١٨

ملاحظة

If we break the parabolic trendline decent chance the great ETH bull trap is complete:

١٠ يناير ٢٠١٨

ملاحظة

broken

١٣ يناير ٢٠١٨

ملاحظة

Price making new ATH's guess I was wrong : ) At least for now. Price should make it up to the 2.618 extension.