SUMMARY
Ethereum (ETH) formed and completed a very long a,b,c,d,e symmetrical triangle as had been projected, prices SURGED out of it decisively! That surge completed whate wave 1 and now wave 2 is in progress and could be nearly complete, if not already. So, which wave comes after wave 2? Wave 3! And that wave 3 won't be lower than wave1. The revised target is $1,032!!
The VERY BULLISH Downward Pointing Symmetrical Triangle is uncanny!! Beauty! It's a zig zag correction where I've also labeled the 5 subwaves of red wave a and the same for wave c. The fact that I use subwaves to provide the geopositioning of price on Elliott Waves is a skill you'll want to perhaps learn. I constantly count the sub waves as my quality control to determine if the correction is correct. So, wave c shows a completed 5 subwaves so it seems highly probable that the correction is all done! Now, let's see if the impulse white waves can take price to 0.1563 BTC or higher!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**