ETH - review count

Today BTC shows the way and I had review my medium term ETH count. In effect, not makes sense wants to be right cause you only must given reason to the market. So at this point, I must sayed that wave A of Y already finished and wave B of Y is underway.

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BTC UPDATE SHORT TERM

Yesterday ETH triangle failed and now BTC? Seems a perfect symmetrical triangle, so let's see how will it play at short term.

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ETH UPDATE SHORT TERM

Quick chart...possible triangle underway.

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BTC UPDATE SHORT TERM

Expect the sellers return very soon to close at short term this wave A.

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ETH UPDATE SHORT TERM

One week in the sideways and the patern seems fine for me to say that wave iv is close to finished.

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BTC UPDATE SHORT TERM

Looks like wave b of v already finish, and I expected new lows very soon.

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ETH UPDATE SHORT TERM

In this wave iv I expected ETH could reach higher prices, however seems that will be made distribution over time and not in price (in the last chart I told the possibility of a triangle). Currently it's possible wave iv already finished but I would not be surprised if ETH returned to 410-415. Despite all, it's likely that ETH will do very soon new lows.

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ETH UPDATE SHORT TERM

Finally wave iv of A seems began. Wave iii didn't finished as I expected but usually is difficult catch the bottom. As I said before, I expect one or two weeks for the bulls (don't forget ETH may do a triangle so sideways also can be done) and then I will expect the return of downtrend. 

P.S. For BTC I count this upside as wave b of v of A

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BTC UPDATE

At short time I easly can see a new low (maybe double bottom) and the 78xx's will be the key for the bulls. At medium term I also can see 3 diferent options. it would be interesting to have your feedback on which options are most in agreement.

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