Elliott Market Waves

BTC update short term

Monday, March 19, 2018

For the short term seems BTC finish the wave A with an wedge pattern. So expect some rebound in this wave B until the 10 k and then new downtrend to complete the ABC pattern. Let's see how this count plays with my ETH bearish count.

ETH update short term

Crazy day!!!! With this strong upside I have changed my count to the original that I'm following since weeks ago. For me is missing at least one movement to the downside to complete 5 waves cause for me the wedge was invalidated. Maybe ETH in this wave iv may go to the +- 600 dollars.

ETH update short term

Sunday, March 18, 2018

So the wedge it's not create and my primary count survive :D! I only changed my minor count of wave iii and add two sub minor waves i and ii. At this point I believe ETH is inside wave iii of iii. The bulls must wait!

BTC update short term

Friday, March 16, 2018

Since yesterday looks BTC it's in some consolidation for new donwtrend (possible minor wave iv) but at this point the bears must be careful because the possible wedge has not been invalid. Normaly when the wedge's finished the price action moves fast and furious and until now I don't see it so my primary count is still the "Bear count".

BTC update short term

Thursday, March 15, 2018

Everthing happen as expected and at this point the pattern suggest wave iii is underway but at same time we must keep in mind that the downside can't stop here. The bloodbath MUST CONTINUE. If stops here we may see an wedge and a positive divergency.