tcormier321
Long

Correction Over, time to make more money

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Yes I have been bullish on ETH, but the ABC correction may have been quick and painless, and fueled alongside with Korea news. We have closed the 2H candle inside the past channel. Now is the time to go long to pick up good profits.
I think it is not yet over.. we are in wave B still (should be .38 - 0.5 of wave A length)
+1 Reply
vas8star shifo_
@shifo_, I 2nd this call.
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@shifo_, If you measure the charts, you will see that the retracement was at these levels.





The price change in USD from wick to wick of Wave A is 185.46, for wave B that is 146.58. That's a 79% retracement.






measuring from the close of the wick that started wave A to the close of the wick ending is 107.37, for wave b it is 50.76. That's a 47% retracement.
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tcormier321 tcormier321
@tcormier321, well it didn't show the measurements in the screenshots. sorry about that!
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shifo_ tcormier321
@tcormier321, That looks better after explanation. Let's wait and hope it crosses the 1335 mark.
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@shifo_, I would love to see it cross that mark!

Normally I would have agreed with you - such a quick correction would likely not be the entire thing. But we had lots of signs showing it was needed, and the quick fire from S Korea, which then turned around on its head in <24 hours could have been just the drug ETH needed to continue its rampage.
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Let's hope so :)
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