Dear friends, our initial plan was to publish more Elliot Waves charts and patterns.
Instead we think this one is enough
For the moment it’s our prefered Elliott Waves count. If we are right in our analysis, that thing (ETHBTC) should break somewhere in the next 12 hours strongly above 0.018
Depending on how volume, sentiment will be during this move we will hopefully be able to recognise the potential.
On the other side, if we break below 0.01520, we will need to reconsider the count.
Stay tuned and take care, we will publish the next update after one of this level is broken.
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.
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