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syedhamza2135

ETH going for correction wave B

Long
Ethereum / TetherUS PERPETUAL CONTRACT (BINANCE:ETHUSDT.P)  
syedhamza2135 Updated   
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Wave Analysis Fibonacci Pivot Points ETH ETHUSD ETHUSDT Ethereum (Cryptocurrency)
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waveanalysis fibonacci pivotpoints eth ethusd ethusdt ethereum
In my previous analysis, I opened short on ETH according to the wave count on 1 hour chart but 4 hour chart wave count is looking different so I am opening long on ETH here as hedge against my short and will close my short after confirmation of bounce. There is also bullish divergence building up on ETH so I believe this to be the local bottom here.
Comment:
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2691-2746 will be the local bottom of wave A of ETH, I called the long call earlier hoping to get triple bottom but we seems to be in descending triangles on ETH. BTC will make double bottom most likely though.
Comment:
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We went Above 0.618 fib for our wave B. Suggesting that we are most likely in an impulsive wave.
The waves on Daily chart are also suggesting that we are still one wave due so im gonna stay away from shorting it.
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