What's up traders and moonboyz! Here is an update on Ethereum. I must say, the bulls are defending this trend like a Gorilla protecting her young. The bullish sentiment is ridonkulous! I've been trading this trend like a fat filthy animal at an all you can eat Chinese buffet. I've been looking at all the ideas on trading view and some of them are plain out stupid. Hey guys, I see a bearish gartley pattern in the middle of wave 3! Better yet, hey why don't we short now, going down to $185..lol. Well trader's, here is how Mikey Fibbs see's things. When we are done with this WHOLE impulse wave 1 we will retrace into the $220's before heading up to the $400'-$500's.Right now we are trying to get to $300 and we have begun wave 5 of our trend. Our wave 4 ABCDE pattern through some people off. I honestly thought our E wave would have ended lower, but I watched that shiit like Ironman and saw that we reversed sooner and went long at $247 and sold close to the top at $278.57, which was almost our high of wave 3. I wanted to play it safe! And yes guys, I did sell the top! Now I see us heading up soon and breaking this inverted head and shoulders pattern to $300. As you can see, Fib extentions line up perfect. What you need to realize is that common patterns are made by Fibonacci levels. You need to learn and know this! Also, if you are not an elliot wave trader, then WTF are you doing? If I'm wrong..I suck! But I'm right more than I'm wrong! Not financial advice, make your own decisions! I'm out...Peace and Love!!!
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Looks like I was wrong on that pattern this time. The overall trend is still in tact. I’m still long.
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Hey guys, looks like we came around on the second try. We are staying long. and I have a minimum final target of $295-305. who knows how high this can go. I expect a royal dump when we hit the final target.