After much consideration, I believe we are in the [2]nd wave of all of ETH's price action (Longest term), with that being said; I also believe we are in a complex correction for wave B of our correction which I have marked end point in red fibonacci. Path has been drawn accordingly, but there are many variables that can take place so I have only drawn it to the end of wave 3 for the expected bullrun (Blue fibonacci above price action). The blue fibonacci below the price action are the ratios for wave [2] with the exception of a Harmonic ratio of 88.6% which lines up for the ratios for the complex correction; a break and close of $155 on the weekly will void/invalidate this count. If entering on the bullish bias you can place your S/L 1-2% below the 88.6%/123.6%.
In regards to the white lines, the bullish one will require a break and close above for reinforcement, and the bearish one will require a break and close below for reinforcement.
@gmareater, Yes, also do not get drunk and comment useless things on others charts :D
Morphmine
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@gmareater, chart made by hope and emotions. Would be nice to see such reversal but i am not so sure it will be so strong and volatile like you presented. You excluded volume which is also very important if we are talking about bears/bulls loosing strength. We should see some sideways action with very low volatility and maybe slow rise in volume that will indicate new cycle and accumulation process.
Godly
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@Morphmine, How so? The green and red paths are merely direction paths; It can hit an extended wave 3, or even an extended wave 5. Also although we may be close to accumulation, I don't think it has happened yet. I excluded volume, but did not exclude momentum.
masq83
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This man is DREAMING in a day time.... Thanks GOD he did not shown that the price will hit 500,000$ till 2020..... Hahaha... but I'm sure he can do that if we see minor positive in market....
Godly
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@masq83, I don't dream, I only make strategic decisions that will profit me in the long and short-term.
Kgear117
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@masq83, He's dreaming alright, not like he used to be one of the top traders on here or anything.....just LOL @ having no clue