There is a clear descending wedge forming. And it happens to be forming at the bottom of a down trend.. In the history of eth I have only ever seen descending wedges at the bottoms of down-trends act as reversals.. and have only seen them act as continuations when formed on uptrends.. there is obviously a bit more room for shorting into the tip of the wedge , but...
a few days ago i was doing a draft video expecting the downward breakout and for price to get stuck where it did indeed get stuck, but second guessed the act of publishing, but it happened, so i decided to make another video (my first published vid) explaining my prediction and the context and reasoning for the prediction. it might be soon to tell, but i think its...
Ascending broadening wedge (in green), starting on the 18th. broadening wedges are typically continuation patterns indicating a continuation of the previous trend, and in this case, we are in an overall bearish trend still i think, thus meaning there is a good chance that this wedge is a bearish sign.. a broadening wedge only needs 3 touches to the top and bottom...
i noticed a self-similar repeating pattern within the uptrend that started on september 12th. price has broken downward and deviated from the trend line out of each wedge to start a smaller wedge. forming a curved support. i've seen this sort of fractal many times in the past and it's almost always been a bearish sign. we also have decreasing volume in sync with...
on a shorter timeframe view, I'm fairly certain that starting on sep 30th is an impulse 5 wave of which we are currently reaching the bottom of the 3rd..
If this is true, then the # 4 wave cannot go above and cross the # 1, thus can't go above 223.5 abouts. thus the orange range, an approximation of the area where the 4th wave should end up. even if the 3rd wave...
After finishing the small abc correction which brought the price from 980 to around 910, and also establishing the 4th leg of the higher degree 5 wave, we've started the final 5th wave, and are currently in the 1st wave of its subdivision, and the 3rd of the 1st's subdivision.
It just so happens however, that the wave is already coming very close to the...
Some days ago I published a chart (my first one here), showing an ascending wedge and giving a possible wave count, what I thought was most probable at the time, and it predicted a downward move breakout from the wedge and assumed it was a bearish signal.. I wasn't the only one giving a similar count or prediction either, but as it turned out, it kinda faked me...
i think we're in a bullish ABC right now, and are currently within the larger B wave at this moment. and are about to begin the c wave on the B's subdivision.
The larger B wave appears to subdivide as an abc with a clear 5-3-5 setup of which the first 5-3 has been made already. We are on the cusp of the final c and its 5 wave, of which will then complete the...
