FilipeMiguel

ETH - are you still in wave iv?!

Short
BITFINEX:ETHUSD   Ethereum
Tricky waves do tricky counts but I still haven't change the bear mode because at 4th april I said "I expect one or two weeks for the bulls (don't forget ETH may do a triangle so sideways also can be done) and then I will expect the downtrend return". However during this wave ETH seems underway a triangle. That triangle failed but, for me (after some brainstorm), the time/price correction is still valid for this wave iv. So this new count is a possible 3-3-5 (flat wave).

At same time seems BTC is undeeway an symmetrical triangle since the last lows and the odds suggests the downtrend will prevail.

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