Ethereum - The selloff is coming.

26 เม.ย. 2018

I am leaning against a 710 break at this point in time, and I am still overall bearish.

Breaking 710 would only take us to around 750 according to one of my previous charts in my previous post.

If we follow previous 1-2-3-4-5 wave with correction, we are looking at a massive correction to 375.

I think it is a horrible time to buy right now... but what do I know? I'm just some random guy online.

As always, not financial advice and just mostly for entertainment purposes.

Anyway, good luck all!!

26 เม.ย. 2018

บันทึก

If you want to make the correction wave similar by percent drops to previous one, then you get this image. I don't think this is likely to happen.

26 เม.ย. 2018

บันทึก

A more closer look at the action.

26 เม.ย. 2018

บันทึก

If you are a bull, you really want to see a 710 break. You do not want to see a weak 4-5 wave. It's quite simple really.

28 เม.ย. 2018

บันทึก

Just something to consider, Cardano has a strong 4-5 wave. This could suggest Ethereum breaking 710,if it follows through, but I am not sure.

2 พ.ค. 2018

บันทึก

Been a few days, but there seems to be nothing really eventful happening. I don't view this as a consolidation and I think Ethereum is running out of steam.

I think the drop from here could be quite steep if it happens. Still haven't gone above 710 to prove a strong 4-5 wave. I see absolutely no reason to be a buyer here.

3 พ.ค. 2018

บันทึก

I think we may have gotten invalidated by that breakout. I will see until close then make a decision. The 4-5 wave did not play out the same way now.

4 พ.ค. 2018

บันทึก

Well, at this point, I would have to fall back on one of my old arguments, which was the fractal. Let's see if it retraces to around 550, then we'll know.