Since my last analysis about ETH, we saw version 2 pushing through (please check link below). It seems that the region between 188$ and 120$ is an important key-level (basement). From an Elliott-wave perspective I would think that the last wave 5 of 5 of Y of 2 isn’t completed yet, so we have eventually the last mile to go in front: 120$ as a perfect turning- and entrypoint.
BUT: if 120$ will not hold, eth will go down to about 80$ or even 50$. We should keep that in mind and assess this later on, when we have more information about the wave structure.
Really nice idea and comment, bro! I also really liked Dude's idea on Bitcoin today. You should check it out and see what you think!
HK-Capital-Management
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@NickHalden,
Thank you very much, bro! I will check the bitcoin idea out.
HK-Capital-Management
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@NickHalden,
BTC: Okay, there is a small chance, that we have seen the low already at 5,755$, but I think a sell-off is more likely. There are two possibilities: yellow box --> End of wave 4, or (worst case) BTC will fall through 4,790$. If so, we have a 1-2 wave setup from alltime high to the end of the correction. Do you understand, what I mean?
Cheers,
tgo