The perfect time repeating can be formed on this chart and after reaching those low points. We will have our entertainment by watching bullish trend creating.
Waves have to be ended after this long bearish will be hope giving for this monster pair.
My humble vision expecting to be true after a few days.
The bear trend is getting so tight for awhile and after breaking down a few days ago I see it's the time or never and prepare Fibonacci to be broken till Golden one.
Elliott waves are perfect at the end of number 5 that we can count more 5 but this time for the bull one.
Worst scenario could be a repeated broken bull trend that will lead us to make 450 bottom again and also launch the rocket from there, anyway we will see the bull making after few days not weeks, but your seat belts and trade safe.
Regards, Mohsen
Trade active
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Kindly Check the perv idea right below:
Comment
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455 $ double bottom will stop this nothing else stop-lose it u activating a trade on this pair and trade safe
Interesting, whilst everyone draws a huge H&S, you draw an inverse H&S along with an Elliot Wave. fresh idea, we will find out
CB58
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I’m liking what I am seeing with price action. ETH showing strength !
sushrest
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I doubt.. ICO cashing out on their ether..
MohsenCapital
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@sushrest, I wonder if they're shorting ETH as a side "income stream" while they offload there ETH. That would be a whole new level of evil genius and that what I'm thinking
by looking 8 months ago read about EOS and make a decision about this trade.
anyway it's my humble TA showed it to help other to make a good decisions.... trade safe ;)
VanBenno
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I don't follow your logic. What makes you think that a sudden trend reversal will happen for no obvious reason at this very moment? There is nothing to indicate this anywhere in your chart.
What pattern? I have no idea how you arrived at this conclusion.
MohsenCapital
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@VanBenno, On Sunday, while the crypto markets were enduring yet more turmoil, ethereum took a sudden nosedive, going from $516 to $464 in under two hours. Up until then, it had been one of the more stable coins compared to alts still in the experimental stage, which have absorbed the worst of the losses. Ethereum’s flash drop made it one of the worst performers in the cryptocurrency top 100 , shaving around 16% off its valuation. The cause of the sell-off has been attributed to one of last year’s ICOs offloading a significant portion of its ethereum reserves. If so, it’s not the first time something like this has happened, and it certainly won’t be the last.By looking at last year sell-off tokens we will this reversal happening for sure.at the end have a good trade and calm down it's just a wave idea and a humble vision of mine may agree with me or not it's crypto :)