The way the price behaved during the last long trade in ETH/USD (look link below) as we were assuming the already running impulsive c wave of B in that trade Trade let us overhaul the count in the frame.
As we spotted this pattern in the ETH-USD we are going to do an speculative short, and do so with an initial Stop loss on the recent high at 760.
Trade geschlossen: Stop wurde erreicht
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This idea did not work...
The inital idea to expect the co f B wave now, did turn out to be the valid one... The price was just treading water till capital could move in...
Great count, this has been a pretty complex correction. Also was looking for an ABCDE.
FUTUREBOYCOLIN
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@FUTUREBOYCOLIN, to clarify, are you looking for a short trade to the top of the B here? How low do you think is the possible low of C, and also, are you thinking that the 5th of the 3rd overall has topped here? My outlook is that this is the 4th of the 3rd overall, and I'm looking for a 5th to top out near the $1100-1200 range, before a very large overall 4th.
buergernamebenutzenistillegal
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@FUTUREBOYCOLIN, Thank you for your kind words regarding my count...
I hope this picture clarifies , it is the view I have at the moment on the whole December corrective moves
Took the little c out on the top. is not meant to be there...I think the price should have been more explosive to the upside(making impulsive extensions), in the recent up wave to justify an impulse c of B running
So this structure is expected now to be valid and unfolding.