Wave C - Destroyer of Worlds (ETHUSD)

18 באוק׳ 2017

We watched for a very very long time as ETH was forming a rising wedge. Then it broke up and we all of a sudden got bullish and looked at the smaller time frames. @crimsonr was nice enough to pull my head out of the sand. The rising wedge had a fake out breakout and has now collapsed and is falling under the wedge. Doing a proper count now you will see that we are now entering into wave C of the correction. Target is $175 with possible extension.

There are many other indicators that say we are going down. Volume is divergent, AO says sell, Stoch says sell.

Remember, I can be completely wrong, and this will take some time.

Constructive comments are welcome