SUMMARY
Is Ethereum (ETH) correcting? Yes. Is it pleasant? Corrections are healthy! The below chart shows tha the minor correction is still progressing and the ABC waves are shown. Price has started to move sideways, so that could introduce additional price patterns not yet shown. The MACD should continue dipping into the C wave.
The broader picture shows that five distinct waves can be labeled and the ABC correction is shown to reach 0.5 Fib retracement. Can it go further than that? Yes, to 0.78.
However, the big picture is where the focus should be. The below shows how the five white impuls waves are subwaves to a higher degree of trend purple wave 1. Currently, purple wave 2 is in progress. What comes after 2? Wave 3 and that should give some fireworks!
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Here's to hoping we retrace briefly back to 756 I fell asleep w/out my stop loss and don't want to take the loss...really thought 769 was the right number but I'm new to ta.I heard the Mt. Gox account had some movement and the last time that was the case we saw Eth bounce back rather quickly.
focus on the big picture~~ i'll check several times a day :)
Thanks i was waiting ETH update
also I'm
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Thank you, this is interesting!
Thank you, this is interesting!
AST update
analysis of the right target @heajin. I'm not tired of boring to follow your blog. and I always study the analysis tables you create. hopefully useful for me. if my comment gets annoyed maf i still lack knowledge. thanks
great articule, interesting
LOL.
There is a typo in the second sentence: You typed 'tha'--accidentally missed the 't'-- while attempting to write 'that'.
Kudos! Kill minnows like me now! We got no say anywhere, right? Just strangle us! Nobody cares! I did not know I hurt anyone's feelings! How come I got flagged for a comment! The world is a strange place! Some people can give 10 dollars by upvoting a comment where some can just flag the comment for god knows whatever reason! And what can I do instead of whining, right? I'm just a minnow!
Thank you for the update
I learned a lot of new things from this post. Great post mate.
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