we have a pattern of 5 bullish waves finished that in turn make the wave 1 of greater degree, we come sold from the wave''a ''
(you can see previous ideas)
apart from that we have a pattern three daves in movement and a butterfly that already touched its first tp ..
when the three daves are completed we will have completed the abc retracement and we can take...
EU is in downtrend and now it's in a sideways correction.
I'm looking for 1 more impulse to the downside! and that's too on a bigger time frame and i think this will be a good entry for the downside impulse
Stop loss would be 1.1755
Traders and some people are still biased bullish after we broke the long term support trend line , the market is trying to say something follow the trend MA's are curling down price is out of the weekly Ichimoku cloud my next confirmation of a longer term bear market will be if we have a monthly MACD cross ,3 day CMF going negative , weekly RSI going below 40 ,...
Its not what you don't know that gets you in trouble. its what you know for sure that just ain't so.
People are sure bitcoin is a joke. I am not an expert so cannot comment if it is or not.
Chart suggests massive upside is all i can say!
The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510.
Breaking the market above the golden downward trend line is promising in itself and may indicate...