About mePro Trader and Technical Analyst, originally graduated in accounting in 2001 but working in the industry since 1992 (16 years old by those days).Traditional Elliott Wave and Socionomics Analysis supporter.
The current high of 10,834.15 seems to be the top of wave c of B) of an inverted Flatt Pattern. Dropping from there an 83% short top probability, targeting down the zone of 9,600/9,380 as a first target of the wave C).
ETH-USD is falling down despite an only 50% short top probability at 183.29 (wave (X) top).Its target is the zone of 150/148.00 at first.
I am trading BTC mostly, because I don´t take position with math chance below 60%.
I´ve had to redefined some issues about the main count, originally posted as wave (1) or (A) ended in 235 zone, then the correction finished at 205.94 low, originally shown as wave (2) or (B) then the pullback until 235.94 top. Now the whole formation seems to be an (A), (B), (C) ZIG-ZAG.
Also my statistic model topped at 217.47 dropping a 72% short top...
According to my model have failed to break up the Daily Resistance of 1427/1430.00 dropped a convergence of 2 Top probability 72% 1h time frame, 67% Daily time frame.
The Target Shell of 1410/1408 (Short) comes from 1h Data base, and the Target Shell of 1375/1370.00 comes from the Daily time frame.
I took position at 1425.47 yesterday evening, SL 1428.70, I´m...
My model suggests a wave (X) possible top at the current high of 318.30. Although it has only 33% probability (that´s why the down arrow is a pointing one) and it also means that it has 67% probability against.
However, looking down below on the chart, there is a broken high at 312.53 with 89% Short Top Probability.
So, I just wanted to show a bigger picture of...
My model drops a 90 % Short Top correction Probability at the current high of 12,883.00. Target Shell 11,500/11,300.00 zone. It could be part of a wave Y).
The main count suggests that the correction started at the high of 13,564.05 Wave 5) (most probably) hasn´t finished yet.
I didn´t take it, because my trading system does not take any trade with probability lesser than 60%.
Either way my model gave last night 50% Top Chances at 1,424/1,425 zone. The Target Shell zone is at first 1,400/1,398.00, making a little deeper the possible wave 2 of 3).
ETH-USD topped at 351.00 yesterday dropping 72% Top probabilities according to my model
This signal as shown in the chart has been observed below before at 337.00 (also yesterday earlier), but I ´ve had no confirmation on trend, so I couldn´t publicly it at time.
One of my alternative counts says that it could be a wave 5 of 5) that could have been finished at...