Once again as Bitcoin did a month ago, the patterns seems to be fractalized, of course it´s not an excat copy but pretty accurate. The main difference is the position of EMAs now they are getting colser and closer
BTC is completing that Butterfly bearish pattern, its a long way to D point however take in account that this is a 1D TF, many things are gonna happen in lower TF, corrections pumps and dumps, The blue box is the main and painful resistance for BTC, between EMA 150 and 200, once we get to that EMA in 1D, well something very interesting things
Short term and midterm patterns for VET, the thing here is that all of them are bearish, however the corrections won´t take more than .5 .618 fibonacci to continue the trend, if this trend holds (don´t forget BTC) we could have a nice reversal.
One thing about patterns and how we misunderstand its behavior, is the fact that they are not meant to be traded all over, of course it´s possible but is very tired, the thing is to get an entry point, which is D in all cases, BUT and here comes a huge BUT the pattern is not complete, unless we have reached our TP prices, we have to trace our fibonacci from A to D...
Days ago I published this analysis, I am amazed about how it´s been respected, probably not the three drives (it wasn´t perfect) but the ABC correction, seems to be in progress, check this link and click play, the complete count is in this post, I had hidden the 12345 waves
I am not an...