Enter after Breakout
Price action in this analysis from the price bottom of ~ $13.16 on April 6, 2018 to current date has been captured in a price channel with a minute wave ((iii)) position that just ended. This implies that a correction is next i.e. Minute wave ((iv)). A guideline for the terminal point of wave ((iv)) is at the 38.2% retracement of wave ((iii)). The 38.2% ($19.89)...
My previous post on ETCUSD can be found here: Ethereum Classic’s current uptrend on the 4hr tf has been updated with the possibility of a Minor and intermediate wave degree terminating at ~$13.15 on April 06,2018, which both support the establishment of the current uptrend. The most likely target for Ethereum classic is the 4th wave of the previous degree (i.e....
The last idea we considered a short position in Ethereum Classic. We received on my the idea of +5% profit. Now consider the swing strategy. Looks like he's still in correction, I'm not so sure. But I think he'll also draw a triangle. But here I have designated it as an impulse
My previous post on Ethereum Classic can be found here It was mentioned in the post that Ethereum Classic was in a minor wave 5 position and more selling was to follow to complete minor wave 5. Ethereum Classic is identified in this analysis as having completed minor wave 5, which also terminates an intermediate wave (C). This implies that Ethereum classic...
The previous post for the 4 hour timeframe Elliott wave analysis of Ethereum classic can be found here: This post provides an update. Price swing currently from the end of minor wave 3 (in red) up to ~$20.79 has been identified as a minor wave 4 position. Ethereum classic based on this analysis is therefore in a minor wave 5 position. The implication of this is...
Making longs continuing the trend in BITFINEX:ETCUSD