As said in the last post, the author can not post charts at the moment. But text is possible still.
It looks like BTC is finishing 5 waves down. So very likely the trend has changed. Some correction up is expected. When this correction is close to the end, we will see the optimism again.
Talking about the optimism. There is enough of it in ETH at the moment. After may be one more rise the decline should start.
Pity, the author can’t post the charts, but if you check the decline in ETHBTC from 0.034 it’s easy to recognise three waves down. According to Elliott Waves, it’s a correction. Based on the depth of pessimism few days ago (finally we even saw the words about the death of Ethereum, which is for every Elliott Waves practitioner the best sign to buy) that was the end of correction. The rise (and decline) is never the move only in one direction. So the author would expect some move down and bad news for (most probably) DAO. But generally the rise should continue.
Indeed, what we experience now, is the ride full of surprises.
Enjoy it, as long as you are on the right side. Take care not to get to the wrong one.