Ethereum #ETHUSD - up cycle completed, correction started

BITTREX:ETHUSD   Ethereum / Dollar
Hello and welcome to my first video analysis for TradingView portal.
In this video I will analyse ETHUSD pair using Elliott Wave Principle.
Enjoy and please leave the feedback! :)
Trade ist aktiv: The price is still moving inside of the wave B correction that should complete at the level of $1,192. After the wave B is terminated, there is one more wave to the downside missing - wave C.
Trade ist aktiv: It is developing the waves like in the book. Next targets $622 and $586.
Kommentar: ETH is testing the 50% Fibo after a completed ABC corrective cycle.
I am trying to get some issues with Fibonacci ironed out and would appreciate some guidance.
1. Many people draw the Fib with the 100% at the bottom. You draw it with 100% at the top, what is your reason for this?
Does it have to do with the market being bull or bear?

2. In this recent ETH chart your top is not the ATH on Jan. 13 but the Jan 28 top (C) with the Feb 5 bottom.
What was your reasoning for choosing those points?

Spot on. Thank you!
Mate excellent analysis and terrific video. I appreciate your efforts :-) Keep em coming
see this friends

Sir could you please give an update. Do you still think it is possible for wave c?
any uptade?
Sir like your analysis style. Thanks
+1 Antworten
+1 Antworten
thanks ,,u look great in video
as your recommendation we should buy at 893 ..okay we will wait for that
thanks once again
please post about BTC/USD Next move Pump or Dump
Gr8 work thankx for TA
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