FilipeMiguel

FilipeMiguel

Tricky waves do tricky counts but I still haven't change the bear mode because at 4th april I said " I expect one or two weeks for the bulls (don't forget ETH may do a triangle so sideways also can be done) and then I will expect the downtrend return ". However during this wave ETH seems underway a triangle. That triangle failed but, for me (after some...

FilipeMiguel

I confess that I don't feel very comfortable seeing the ETH at this area (again) but for now I will not change my count. For now the bears must put the price below the 410. On other way, if the bulls made another higher high may put an impulsive wave since the 387.

FilipeMiguel

Possible triangle underway.

FilipeMiguel

Nice area to short.

FilipeMiguel

One week in sideways looks fine for the end of this wave iv, so I expect ETH will go down at this price.

FilipeMiguel

Looks like wave b of v already finish, and I expected new lows very soon.

FilipeMiguel

In this wave iv I expected ETH could reach higher prices, however seems that will be made distribution over time and not in price (in the last chart I told the possibility of a triangle). Currently it's possible wave iv already finished but I would not be surprised if ETH returned to 410-415. Despite all, it's likely that ETH will do very sonn new lows.

FilipeMiguel

Finally wave iv of A seems began. Wave iii didn't finished as I expected but usually is difficult catch the bottom. As I said before, I expect one or two weeks for the bulls (don't forget ETH may do a triangle so sideways also can be done) and then I will expect the downtrend return. P.S. For BTC I count this upside as wave b of v of A:

FilipeMiguel

At short time I easly can see a new low (maybe double bottom) and the 78xx's will be the key for the bulls. At medium term I also can see 3 diferent options. it would be interesting to have your feedback on which options are most in agreement.

FilipeMiguel Updated 

At my mini waves count I can see a possible (nice) rebound very soon. However I still expect new lows to finished this wave iii. This wave v of iii has already extended enough so I do not expect new extensions in v of v of iii. Rebound could go to the 5xx's and maybe bulls will have one or two weeks to play. After that I expect again new lows to finish this...

FilipeMiguel

At this moment I still not see evidences if wave iv it has started. Despite this, ETH seems is doing an wedge and new lows will be made in the short term.

FilipeMiguel

After a few weeks without posting BTC, finally I can show one chart that I have some confidence. At this point the odds suggest that BTC could go close to 6000 dollars.

FilipeMiguel

With this new impulsive wave to the downside I must change a litle my primary count and turn it more berish in price an time. Expect some support in the 380's-400's. Let's see how will play my changes.

FilipeMiguel

Since the triangle break I see only an ABC formation, so it's possible ETH finished the first leg of an ending diagonal in this wave 5 of A. At this point, seems a good point to enter long, at short term.

FilipeMiguel

Sub wave 2 of 5 is underway. Don't expect values higher than 500-510 dollars.

FilipeMiguel

As expected the triangle was broken and still expect new lows for ETH. For now looks ETH is in first wave of this wave 5. Just keep simple.

FilipeMiguel

Hard to define the ETH pattern since last weekend (also for BTC) but now looks fine an descending triangle inside of this wave iv. Let's see how will works.

FilipeMiguel

Expected an wedge but as told yesterday the ABC pattern already satisfied me.