ETH UPDATE SHORT TERM

At this moment I still not see evidences if wave iv it has started. Despite this, ETH seems is doing an wedge (since the lows) and new lows will be made in the short term.

Chart in my twitter.

ETH UPDATE SHORT TERM

With this new impulsive wave to the downside I must change a litle my primary count and turn it more berish in price an time. Expect some support in the 380's-400's. Let's see how will play my changes.

ETH UPDATE SHORT TERM

Since the triangle break I see only an ABC formation, so it's possible ETH finished the first leg of an ending diagonal in this wave 5 of A. At this point, seems a good point to enter long, at short term. Maybe the follwing wave B will last 1 month and last wave C also 1 month.So I predict the end of the bear market during may or june.

ETH UPDATE SHORT TERM

So far, so good. As expected the triangle was broken and still expect new lows for ETH. For now looks ETH is in first wave of this wave 5. Just keep simple.

ETH UPDATE SHORT TERM

Hard to define the ETH pattern since last weekend (also for BTC) but now looks fine an descending triangle inside of this wave iv. Let's see how will works.

ETH UPDATE SHORT TERM

Possible wedge is forming in ETH.

BTC update short term

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

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

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

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.

BTC update short term

Don't fall in love with this short upside.

BTC update short term

ETH update short sterm

ETH update short sterm

Seams ETH is in some kind of triangle but not sure if already finished.