BuyBitcoins
Long

Ethereum

KRAKEN:ETHXBT   ETHXBT
1109 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
spage
8 months ago
Rock Launcher Fuel http://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html?_r=0
+1 Reply
BuyBitcoins spage
8 months ago
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
8 months ago
I think the same thing :)
+1 Reply
Petros PRO
8 months ago
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.
+1 Reply
BuyBitcoins Petros
8 months ago
Which wave A are you speaking of? The drop from the recent .03 or .0371?
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Petros PRO BuyBitcoins
8 months ago
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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BuyBitcoins Petros
8 months ago
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
8 months ago
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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BuyBitcoins Petros
8 months ago
Could be a flat retracement. where .02 does not break
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Petros PRO BuyBitcoins
8 months ago
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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