Calm day today. Not much action. But don’t get deceived.
There will be a lot of action. Very soon.
The correction we were expecting yesterday has taken place and is from EW point of view can be considered as over. But the author expects one more drop a bit lower the last low at 0.02940 to “shake the weak bull hands” and then the ETH should perform one more bull run. That should finish the final (mid-term) 5-th wave rise:
The same picture (but in opposite direction) we post for Bitcoin today:
The Elliott Waves message for both markets (BTC and ETH) is therefore the same. The extremes are forming.
The next bigger move should start very soon.
BTC should rise. The sentiment there is getting riper with every day passing.
ETH should at some point start correcting down. Preferably with ATH and super exciting sentiment on every page.
The author hope to be able to identify the exact time when these next big moves will take place. That is also one of the reasons why the updates are coming now every day.
Get ready for some tasty (cookie) waves, friends.
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.