"The false bottom" Ethereum
Updated
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 : )
Note
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.Note
Upside target (than we'll see how the market reacts after, either we put in a higher low, or the new downtrend begins):Note
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:Note
Looks like it's time for the bounce give or take, should probably make it back up to the yellow trendline:Note
Nice rally (as expected), think its coming to an end soon, looking for something like this:Note
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.Note
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"Note
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.Note
If we break the parabolic trendline decent chance the great ETH bull trap is complete:Note
brokenNote
Price making new ATH's guess I was wrong : ) At least for now. Price should make it up to the 2.618 extension.
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