ETH - Expanding flat complete! Expect a retest of lows.

16 Okt 2018

ETH completed an expanding flat structure which I was discussing my previous post. The expanding flat here is forming the X wave and expecting another Y wave down to atleast retest the lows of 2018.
I believe the temporary bottom for ETH has already been made and now we will go back and retest.
There is a possibility of new lows too be formed but I don't see it going a lot lower.
With that being said, I will be looking to buy on the revisit of the yearly low.
Currently, its a good short setup with a target near the lows.

18 Okt 2018

Nota

This corrective structure still has one more leg to complete before the downtrend can resume itself.
Looking for a test of 220 ranges on Bitfinex feed for short positions.

19 Okt 2018

Nota

ETH breaking down. Expecting something like this to play out.

22 Okt 2018

Nota

Expecting a bounce for C leg on ETH too before we see more downside.

25 Okt 2018

Nota

ETH also pumped to complete this running flat and then broke down.
Now its forming a nice short trade setup for another leg down,

28 Okt 2018

Nota

It was a bit premature thinking the structure was complete. It did make another leg up to break the high of A wave.
Expecting something like this on ETH right now.

2 Nov 2018

Nota

Dumped straight down to the 192 range like I was expecting.
The larger time frame structure I'm looking at is flat with C leg up still remaining.
Watch for this breakout to test the top.