kryptowavetrader
Short

ETH - Major Dump before the big Pump

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETH very similar to BTC has completed a corrective pattern - expanded flat.
It broke the low and the broke the high of wave A making this an expanded flat.
Since it formed a corrective pattern instead of making a new impulse, should expect another wave down before any kind of reversal in Ethereum and rest of the crypto market altcoins.
Sep 14
Comment: Lower time frames show divergence indicating the current the trend maybe coming to an end and the start of the move down to around $136-150$ on ETH

Sep 15
Comment: Made another high but overall picture is the same .
Sep 17
Comment: Played out exactly as expected.
Small bounce from here, then continuation of the downtrend

Sep 18
Comment: Bounced higher than I was expecting but still bearish.

Very nice chart. Thanks.
Reply
nice, thanks for the update! Cheers!
+1 Reply
WealthHustler WealthHustler
@kryptowavetrader it blasted to 222 in 1 min candle, how is that? :| whats the update then?
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PinkCryptoVN WealthHustler
@WealthHustler, Queeze short. No worry. :)
Reply
WealthHustler PinkCryptoVN
@PinkCryptoVN, it will come back down again you mean?
Reply
PinkCryptoVN WealthHustler
@WealthHustler, Yes, it will come down. But it may go up to 250 and bounce back down (my opinion).
Reply
WealthHustler PinkCryptoVN
@PinkCryptoVN, I see hmm
Reply
Looks like ETH is very following BTC, both are having same patterns recently, can you update on BTC or ETH?
Reply
Any new update on this sir?
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