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Ethereum

KRAKEN:ETHXBT   ETHXBT
1110 10 14
Unless we break down below .021, I see this as wave 3, new all the highs.
Reference for future: People right now are extremely bearish , this chart might look obvious in hindsight
It'd be great if this is wave 3 , but i'm still not convinced that wave A of the correction is over. We can still be in wave A (5 of A to be precise), and therefore will revisit 0.02's before ATH's your pointing out in your chart play out. I think eventually they will manifest as wave V of larger degree.
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Which wave A are you speaking of? The drop from the recent .03 or .0371?
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Petros PRO BuyBitcoins
I'm talking about a drop from ATH, from .371 According to my method the low around 0.02 could only be wave 3 of A, not wave C as you mentioned. Also the rule of alteration says that if wave II was simple and fast wave IV will be long and bumpy, wich appears to be true. Nobody wants long correction in such an uptrend, I know...
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Lets assume you are correct and that my ABC is actually just A. The leading diagonal does not make sense. And even if it did, wouldn't it be wave B, and the drop to .0235 be wave C? Albeit shorten but still satisfied according to the rules.
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Petros PRO BuyBitcoins
The question is can our C candidate, you're talking about, NOT fall below 0.02 (A) as it usually happens in zigzag? Wedges and trends are irrelevant in my method, so I cannot speak for this aspect.
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Could be a flat retracement. where .02 does not break
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Petros PRO BuyBitcoins
Yes, this will be supported by the fact that we only have 3 waves (ABC on your chart) in the first wave of correction. It's significant for irregular corrections.
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Rock Launcher Fuel http://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html?_r=0
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Interesting timing release of the news, not a big fan of conspiracy theories but wouldn't surprised me if wall street is slightly manipulating to accumulate.
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WilliamJo BuyBitcoins
I think the same thing :)
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