ETH UPDATE SHORT TERM

After all the wave A/1 was almost over when I showed my last chart. Wave v of A/1 has extended much more than expected but with this new downtrend I will continue with the same count.

At this point, I expect the correction to reach a maximum of 530-500 and then ETH will go again to the upside (maybe to the 850-900). If ETH goes below the 500 will be very bearish and I may review the count of this wave B/2.

ETH UPDATE SHORT TERM

After the extension in this minor wave 5 seems the wave A is close to finish.

EDIT (25-04-2018):  Invalidated Count!! Need some time to understand better this movement but seems much more bullish than I expected.

BTC UPDATE SHORT TERM

Corretion will soon began.

EDIT (25-04-2018):  Invalidated Count!! Need some time to understand better this movement but seems much more bullish than I expected.

ETH UPDATE SHORT TERM

Wave A seems close to finished with negative divergence.

BTC UPDATE SHORT TERM

Seems BTC is forming a possible wedge.

ETH UPDATE SHORT TERM

No decent retracement so I readjust a little my count. Wave 4 of A is finished yesterday or close to it.

ETH UPDATE SHORT TERM

Expecting some retracement at this price.

ETH UPDATE SHORT TERM

ETH seems in some minor wave iv.

BTC - REVIEW COUNT

3 April I made some options for the BTC counts. For now, I wil choose the possible triangle pattern.

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.

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.

ETH UPDATE SHORT TERM

Quick chart...possible triangle underway.

BTC UPDATE SHORT TERM

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

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.

BTC UPDATE SHORT TERM

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

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.

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

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.

ETH UPDATE SHORT TERM

EDIT (03-04-2018): At this point seems wave iv (pink) of iii (red) is still underway, forming a contracting triangle. Expect break up to the downside very soon. After that let's see if the bulls take the control at short term. Neither contracting triangle. Need more time to understand where ETH is.

At my mini waves count I can see a possible (nice) rebound very soon. However I still expect new lows to finished this wave iii.
This wave v of iii has already extended enough so I do not expect new extensions in v of v of iii.
Rebound could go to the 5xx's and maybe bulls will have one or two weeks to play. After that I expect again new lows to finish this principal wave A of Y.