SUMMARY
A correction bottom is not an event but a process. To that end, the below chart shows that the blue wave 5 of red C could still be in the range of $326 to $295; bringing it that much closer to the apex. This also means that the MACD will likely take one more small dip and probably not decisively breach the lower yellow support line.
The blue Elliott Waves show that the final blue 5th is in play. Subdividing this blue 5th shows a bit more finer detail. White wave 1 is thus far complete and 2 is in progress. While the process of white wave 3,4,5 of blue 5 of white (5) of red C carries on; the target range is likely to generate an incremental lower low.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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
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I just found this video from @haejin posted on September 17th. Watch it, he literally predicted excactly what will happen.
I didn't think we would ever see these prices again but eh anything is possible in crypto lol
We could see even lower than now :)
It's a lottery game to predict cryptocurrency prices. Totally proven...
You never know with crypto, time to stock up while it's on sale
ouch
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Nice analysis and agree, the next leg is down for Ethereum, it will follow Bitcoin down.
This bearishness is depressing.
Perhaps...but that means it's time to demonstrate some patience! The worse the crypto sentiment becomes online and on the news, the more likely (imho) that we will have some good news for us smaller coin-holders. Stay Strong and HODL On. -Respect
What about 150-160$?
I think you are right but crypto market anything can happen.
One question.. do you know if ethereum price can go up if an issued token based in ethereum blockchain goes up? I was curious about it..
i think you are correct because after drawing the fibonacci on ether to find out the hidden level of support and resistance ,i saw the same potential of the ether market direction.
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I'm ready for the sale! Bring it on already!
However, the downward wedge could potentially generate one more up/down cycle for a lower low to $285 or so.
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https://steemit.com/bitcoin/@ali11/how-to-use-the-changhelly-website-to-buy-and-sell-bitquin-and-digital-coins-by-visa-and-mastercard
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thanks for your post
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HODL is the game for now. Correction is a normal thing not only for crypto.
You have to consider the stable price before the big bubble. And that is what, $100-$200 something. That's how much it could fall I think, bitcoin also can fall to a level in which mining is not profitable. But realistically, $250-300 band will not be shocking, the traders should definitely regard it as probable.
I am still holding ETH and waiting for the comeback. Here is the tool I visit during the day to check ETH and other coins prices on different exchanges. It is very user friendly tool by cointelegraph. You should must try it.
I´d like to know whether the ~1400 ath was wave 3 or 5.
No way, because ETH will go to 420$-450$ within 2-3 days more before ...
down trend
let's see ...
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