EuroMotif

EuroMotif Mod

Looks like a wave 3 rigth now. Expecting a quick but shallow pullback for wave 4. Then wave 5 to push above $19k.

EuroMotif Mod

ETH has proven it can fight in the 4-digit weight class. It needs a healthy pullback to allow profit taking and encourage new bulls. $750.00 would be a nice psych number to hit, from where it should rocket. After a healthy pullback and climb past $1k again, I doubt it will ever come back to 3-digits. Lets see how this goes.

EuroMotif Mod

My EW analysis shows a perfect 50fib to 50fib extension for the w345 portion. If we are to get a proportional 123 retrace, with 618 fib activity, the C ends up right around $2.00. Personally not a huge fan of XRP, do have a little bit, but for those interested $2.00 might be a nice psych number to buy or add.

EuroMotif Mod

Just a quick experiment to see if this turns out even close or not

EuroMotif Mod

Three different time frame fib numbers line up at that price point. There will be a lot of traders from different time frames watching that range. Not to mentioned the Psychological level of 12,500. Let's see how this goes.

EuroMotif Mod

I am imagining an ABC retrace (after an 12345 bounce from 10k). The retrace should stop at $12.5k or so, where are multiple fibs in confluence, as well as the daily S2 pivot. I am thinking that should make for a double bottom with second one higher than first, the most bulling sign for BTC.

EuroMotif Mod

Just based on fibs and EW, and of course assuming bull mentality

EuroMotif Mod

Correction looks quite done. Futures FUD was for nothing (so far). Time to resume climb.

EuroMotif Mod

Two dates in December of relevance. Dec 10/11 = CBOE Futures Launch Dec 18/19 = CME Future Launch Let's say in the first round, all of the wall street boys try to bring the price down. Their attempt to ''crash'' btc ends in only a prolonged .382 retrace over a week of fighting the Beast. The CME futures launch, and the big boys capitulate to the KING, and go...

EuroMotif Mod

Light changes to previous plan. Wave 2 retrace was shallower than expected. Wave 4 may retrace sharper because of above. Overall target a little higher now, 12,750

EuroMotif Mod

Am convinced 13k will be next peak before serious retrace. Lets see how it plays out.

EuroMotif Mod

ETH has been following its channel closely. expecting a pullback at 488, then up through $500

EuroMotif Mod

ETH has been avoiding my pullback plans again and again, by just going straight up :( I hope this one comes down to the buy zone, where I will be watching for a reversal pattern to go long. (been scalping longs so far, but waiting an nice pull back to put some real cheese out there ;)

EuroMotif Mod

The $10k price has been thrown around ever since 8k. I think it is quite plausible, given all of the positive fundamentals. I would prefer $13k, which would be the next Fib number (peaks at 1k, 2k, 3k, 5k, 8k so far). Must admit I am working on a roadmap to $13k early 2018, but for now $10k by Xmas seems highly plausible.

EuroMotif Mod

Followup to my previous plan: Now I am looking for an ABC retrace. ETH looks very bull, but am out of my long from above, looking for re-entry. The green ABC is highly bullish outlook, the red ABC is less optimistic but more desirable for higher continuation. I am not very confident yet in the ABC points, will need to see what happens around one of the A's.

EuroMotif Mod

This run up has been 50 fib retraces If the recent 50 retrace holds, (and BCH calms the down), I am hoping for start of Wave 5 to end at $450 or so.

EuroMotif Mod Updated 

My previous plan is not longer being considered, as LTC went higher than expected. So new entry position is $71.00, which is the level I will be watching.

EuroMotif Mod Updated 

What I am watching for