At this point I don't see ETH doing lows above the 360 dollars (april low). Since that low the pattern seems clear and after one more selloff expect some ration for the bulls.
The triangle is close to finishing and at this point seems ETH, at short term, will go to upside.
My thoughts about bitcoin. In the medium term I'm following two diferent options (one bullish and one bearish). At short term btc is coming to a strong support, which I think will resist this time.
For now this is my primary count at short term. Medium term count is more complex and need more data for validation.
My thoughts on ETH that I want to share with you... At medium term I still believe in new lows (wave Z) but at short term I don't see that wave X already finished. For me ETH, during these weeks, is labeling a triangle and for the future wave Z I expect more impulsive behavior. The both counts that I show have several problems but for now is the only way I can see...
Seems ETH is labelling a triangle an soon will break!
Despite the bullishness in several altcoins the BTC may show another signal. What you think? At this point seems BTC is labelling another bearish wedge.
All possible triangles seems to fail in ETH (and BTC) and at this point is possible a minor wave 3 is underway....with several extentions is possible reach the 9xx. At short term, the 700 dollars (end of minor wave i) is the support of this count.
Seems wave 2/B is labelling a triangle.
After all the wave A/1 was almost over when I showed my last chart. Wave v of A/1 has extended much more than expected but with this new downtrend I will continue with the same count. At this point, I expect the correction to reach a maximum of 530-500 and then ETH will go again to the upside (maybe to the 850-900). If ETH goes below the 500 will be very bearish...
Following this count: At same time the wedge is close to finish.
Following this count: After the extension in this minor wave 5 seems the wave A is close to finish.
At short term I will follow this wave as a possible wedge (not sure if subwave D finished).
At short term seems the bears are injured....but not dead.
Do not forget that the market is always right. At this point seems after all wave A of Y already finished and wave B of Y is underway.
3 April I made some options for the BTC counts. For now, I wil choose the possible triangle pattern.
Today BTC shows the way and I had review my medium term ETH count. In effect, not makes sense wants to be right cause you only must given reason to the market. So at this point, I must sayed that wave A of Y already finished and wave B of Y is underway.