mon3y

mon3y

keep in mind, I'm still a bit newer to Elliot waves so its a bit hard for me to draw them "in the dark", so to speak, but I think by tomorrow we will see ETH hit the resistance around 192 and you should probably take a long there for the next uptrend to begin. take this with a grain of salt but tomorrow if you see it happen then you know :D if you want to short...

mon3y

elliot waves in action

mon3y

Elliot waves make me unstoppable! Learn. Them.

mon3y

1. Use Fibonacci Retracement tool to identify resistance and support levels 2. Short or Long above or below resistance or support levels 3. PROFIT 4. Meet girls and have fun! :D

mon3y

short now. were getting ready to go test that "golden ratio" 618 extension any minute(ethereum)

mon3y

Again, I trade on the 5m chart. We are headed down to wave leg #2 at the moment, feel free to utilize this pattern and make profits! I wish I could post the 5m chart but TV wont let me due to time lapse. On the 5m chart the Double bottom shows better but not on this chart, sadly. Elliot waves are worth learning, they work! Thanks!

mon3y

Im thinking we are on the 3 wave at the moment, I'm not sure how low it will dump but I sure we will probably dumb down a bit today. I will be daytrading on the 5m chart today but also keeping an eye on the MACD on the 1H and 4H chart for the next dump.

mon3y

As you can see ETH is respecting these resistance and support levels accurately. Were wicking out hard at these levels, Not much of TA but I am posting this for beginner traders that may be trying to understand why were wicking out at these levels and such. Again, I daytrade on the 5m chart so these levels are more accurate on a 5m Chart but still apply to the 1H...

mon3y

TradingView wont let me post an idea because im using the 5m chart but these are the correct elliot waves for the 5m chart, short ETH at the top of wave 5 for maximum benefit! next time ill post an hourly wave count!