Riding the waves

The 3-d of the 3-d wave is the most exciting one to ride. With a piece of luck we were able to identify yesterday the beginning of this powerful advance.

For those who jumped on it on time: enjoy, for others: don’t be too upset. The opportunities are coming along the way quite regularly.

We will look today at the bigger picture:


In order to make a long term bull call we are looking for the following three things to happen:

  1. The current advance should form a 5 waves pattern. Doesn’t have to be exactly as on the picture above. But it would make us feel more confident if the wave 4 (in a circle) would take a sharp shape, preferrable zigzag (like on the picture)
  2. Prolonged correction thereafter (not shown on the picture)
  3. The sentiment at the end of this correction should be even more bearish than at the last low at 0.01650. Some “bad” news for Ethereum would be fine or some great news for its rival Bitcoin would be even better

We will see how this all develops.

No needs to go into the detailed charts today. That was proper to do when we were preparing our “the trend is turning” analysis. But now the dust of the current advance should first settle down. We are again in a “wait and see” mode.

Talking about our “wait and see” approach.

We’ve got a feedback from one of the subscriber, that it’s just once per several days or sometimes even once per week when our Elliott Wave analysis gives a relatively clear direction. We would, however, consider it as a nice feature and not as a bug. (The writer of this post coming from IT world, as you can see).

Consider this:

  • the advance from yesterday is around 15 % now
  • how many trades with such a return do you need to do in a month, in a year?
  • how much nerves and valuable time do you spent for frequent trading?

If you think thoroughly, the chances are you will come to the conclusion that less is more. Being in this business for 10 years, this is what we’ve learned at some point. Just think about it once more: “less is more”.

Take care. Monday is mostly a difficult day. Unless something special happens, we will publish the next update on Tuesday.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
Very important. Investing carries risk of losses. You should be aware of all the risks associated with investing/trading financial instruments. Information provided in this blog is expressed in good faith, but it is not guaranteed.
The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities.
This blog and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.
In no event will we be liable for any loss or damage on your account in connection with the use of our publications.

Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

One thought on “Riding the waves”

  1. Thanks! Very clear as what to expect if Elliot’s waves behave as they should the coming weeks.
    Somehow I’m not hoping for bad news for Ether, but that may change after I sell some into wave ⓥ 🙂


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