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Ethereum (ETHUSD)
Chainlink (LINKUSD) -
Litecoin (LTCUSD)
Ethereum (ETHUSD) -
Chainlink (LINKUSD) -
Litecoin (LTCUSD) -
LINKUSD
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Updates 7 Hrs ago.
Ethereum (ETHUSD - Bitfinex) - ABC wave pattern
Bitcoin (BTCUSD - Bitfinex) - ABC wave pattern - early morning update
7/31/2020
Bitcoin (BTCUSD)
Ethereum (ETHUSD)
Chainlink (LINKUSD) -
Litecoin (LTCUSD)
7/30/2020
Bitcoin (BTCUSD)
Ethereum (ETHUSD)
Chainlink (LINKUSD)
Litecoin (LTCUSD)
7/29/2020
Bitcoin (BTCUSD) -
Ethereum (ETHUSD) -
Chainlink (LINKUSD) -
Litecoin (LTCUSD) -
7/28/2020
Bitcoin (BTCUSD) - Bulls in complete control
Bitcoin (BTCUSD) - It is in 5th of 5th of 5th of 3rd wave up, means the 3rd wave is extending the momentum and subdividing the move, so stay bullish if price drop to 108650-735 level for new high above 11600 or higher. The momentum is increasing, which indicates the strong 3rd. Stay bullish in every three wave pull back.
Ethereum (ETHUSD) - Bulls are boss :) but little choppy
Ethereum (ETHUSD) is in 4th wave correction, so wait for dip up to 311-303 to get in again. It is under-performer to BTC, so BTC is good option to buy it now rather than ETH.
Litecoin (LTCUSD) - bullish price action
Litecoin (LTCUSD) is in 5th of 3rd wave up. Stay bullish unless price broken down the level of 52.60, so below that level 4th wave correction will probably start and take more time to settle. Above 52.62, stay bullish for higher high as momentum is huge with tremendous volume.
LINKUSD
7/27/2020
Bitcoin (BTCUSD) - Bullish but little choppy
Bitcoin (BTCUSD) - It has completed 3rd subwave of 3rd wave in the sequence and Y of 4th subwave down is in progress, which probably finishes around 9800-9700, so stay bullish again in that zone for final push up of 3rd wave up.
Ethereum (ETHUSD) - Bulls are boss :) but will go little choppy
Ethereum (ETHUSD) has about to complete 3rd wave up as extended wave. The repeated divergence indicates the wave is about to end. So wait for pull back up to range of 312-297 range for next rally point.
Litecoin (LTC/USD) - bullish price action
Litecoin (LTC/USD) is 4th subwave correction of 3rd wave up. It is in Y wave down of 4th subwave correction, so stay bullish around at 47-46 zone for next buying zone for price resume up trend.
LINK/USD
7/24/2020
Bitcoin (BTCUSD) - Bulls taken control back
Bitcoin is in 4th subwave of impulse sequence, which probably been flat or complex as 2nd subwave was sharp abc correction, so wait for it finish to get in to buy trade. Around 9510-9440 will be good area to buy again for more upside.
Ethereum (ETHUSD) - Bulls taken control back
Ethereum (ETHUSD) is in 5th of 3rd of 3rd wave up and will make new high to finish it. Thereafter 4th of 3rd wave will go down to correction. It is now in up trend so buy every three wave pull back.
LINKUSD
7/23/2020
Bitcoin (BTCUSD) - Bulls taken control back
Bitcoin (BTCUSD) - Finally price has revealed the right wave count as triangle (B) has finished and (C) wave up resumed the up trend for target of 14500-15500 zone. It is in 5th of 3rd of 3rd wave up which is one more high away to end. So any three wave pull back will be now good buying option to get in to trend.
Ethereum (ETHUSD) - Bulls back in full control
Ethereum (ETHUSD) has completed triangle as correction and price is ready to resume the more upside. It is in 3rd of 3rd wave up, which will end with new high, so stay bullish in three wave pull back for 5th of 3rd wave up.
7/22/2020
Bitcoin (BTCUSD) - Bullish or Bearish - what’s the big move ahead ?
Bitcoin (BTCUSD) - The price looks broken the triangle, but it doesn't confirm by breaking out the level of 9498. The volume was not too high. So its not a buy trade yet confirmed. Talking about wave count, then both bullish and bearish set up are still alive. the red mark shows price completed (X) wave as triangle and now can go down in (Y) towards 8600. But if price broken out 9498 level (in Bitfinex chart - because different BTC chart has slight different price, like in Coinbase and bitstamp data its around 9475) - In short - no clear direction so as no trade zone
7/20/2020
Bitcoin (BTCUSD) - Bullish or Bearish - what’s the big move ahead ?
Bitcoin (BTCUSD) is in complex correction, which has two alternate EW counts. One count (red one) suggest it to go down after B wave as wxy correction when ended as C wave down of Y of (Y) wave, which is the main count in prior updates. Second EW count (yellow one) suggest the triangle in progress and looks over, so next big move is up as (C) wave in 4 hr time frame as (A)(B)(C) zigzag move.
So what’s next ? that’s the question for trading.
The answer is, until price remains between 9025 - 9498 - no trade zone (both counts valid).
If price go above 9498 then triangle option is in play and (C) wave up in progress, so stay long with stops below 9112 for the target of 14500-15500 level.
If price go down below 9025 th en stay short for target of 8500-8600 zone with stops above 9350 (or respective swing high).
7/17/2020
Bitcoin (BTCUSD) - Bears in driving seat
Bitcoin (BTCUSD) is in 5th internal wave of 3rd subwave of 3rd wave down, so stay bearish with stops above 9176 for target below 8960.
Ethereum (ETHUSD) - Bears in driving seat
Ethereum (ETHUSD) is in 5th internal wave of 3rd subwave of 3rd wave down, so stay bearish with stops above 234.55 for target below 221.
Litecoin (LTC/USD) - Bears in driving seat
Litecoin (LTC/USD) is in 5th internal wave of 3rd subwave of 3rd wave down, so stay bearish with stops above 42.22 for target below 41.
7/16/2020
Bitcoin (BTCUSD) - Bears taking control slowly
Bitcoin (BTCUSD) is in 2nd wave as complex correction wxy, where y up is in progress, which will end at the high of w wave, so stay bearish at that level around 9250-9310 with stops above 9355 for down side big movement.
Ethereum (ETHUSD) - Bears taking control slowly
Ethereum (ETHUSD) is in either 2nd correction as wxy or it may possible of 1-2 1-2 type 3rd wave progress, which is hard to identify at this early stage, so sell at 241-42.50 level if price bounce, or say bearish at new low below 237 level for 3rd wave down movement.
Litecoin (LTC/USD) - - Bears taking control slowly
Litecoin (LTC/USD) is in 2nd wave correction as abc, where c wave up is in progress, so stay bearish when it over for 3rd wave down of C wave.
7/15/2020
Bitcoin (BTCUSD) - Bears taking control slowly
Bitcoin (BTCUSD) is in 2nd wave of C wave down, which is about to end soon, so stay bearish with stops above 9355 for down side big movement.
Ethereum (ETHUSD) - Bears taking control slowly
Ethereum (ETHUSD) is in 2nd wave zone where it can be sold for 3rd wave down of C wave with stops above 245.50. The big down movement is under progress.
7/14/2020
Bitcoin (BTCUSD) - Bears taking control slowly
Bitcoin (BTCUSD) as mentioned in previous updates about B wave as wxy correction, which was over exactly at 9350 zone and gone down as expected. But it’s not confirmed the impulse yet, so wait for it confirm the move. If it confirm the impulse then only sell in pull back in range of 9250-9310, with stops above 9355 level.
Ethereum (ETHUSD) - Bears taking control slowly
Ethereum (ETHUSD) as mentioned in previous updates about B wave, which was turned abc flat rather than wxy, but ended in mentioned zone. C wave is now in the progress, but wait for its to confirm the 1st wave as impulse down then only sell on pull back at around 241-43 zone, with stops above 245.45 for C wave down.
7/13/2020
Bitcoin (BTCUSD) - Choppy to bearish trade set up
Bitcoin (BTCUSD) as mentioned in previous updates about B wave as wxy correction is under progress, where w and x is over and y as abc wave is on the way to completion. Wait for b and c to over at about 9330-9380 range. Watch it closely in 3 min time frame to track the end of wave c in five wave, which will end y wave of B. Thereafter C wave down will start towards 8600 level, so wait for impulse drop in 3 min time frame to have confirmation with smaller stops to get in. The next major direction is down. So stay bearish.
Trade set up sell near 9350 level stop loss above 9475 target zone will 8600.
Ethereum (ETHUSD) - Choppy or trendy - what’s next ?
Ethereum (ETHUSD) is in B wave correction as complex correction mentioned in earlier updates, where w & x ended and y is in progress as abc. Wave a of y is in progress and need one more minor wave up to complete a wave, thereafter b and c will need to end before start of bigger C wave down. C wave will probably ends in the zone of 213-08. Keep eye on 3 min chart to track the end of B wave to get in to. Stay bearish with stops above 249.10 or B wave high if you waited for impulse down as confirmation after start of C wave.
7/11/2020
Bitcoin (BTCUSD) - Choppy to bearish trade set up
Bitcoin (BTCUSD) As mentioned in previous updates about to wave counts, it is progressing within ABC zigzag (shown by red lines ) type correction for Y wave down within bigger (Y) wave of complex correction. In 30 min time frame, the last fall was impulse as wave A was over. It is correcting in wave B, which looks abc zigzag and c is on its way to completion. It is wave 4 internal of c wave up, which must hold above 9259 and make a new minor high as indicated in chart labeling to complete wave c. But if it broken down 9259 level, without completing count, then it must be complex correction within wave B as initial flat (shown by yellow lines) wave B or wxy and take more time to complete and will fall next week then. The zone of 9300-9360 will be probable end zone of wave B. Stay bearish within this zone with stops above invalidation level of 9475.
Trade set up sell near 9350 level stop loss above 9475 target zone will 8600.
7/10/2020
Bitcoin (BTCUSD - Bitfinex) - Choppy or bearish - what’s next ?
Bitcoin (BTCUSD - Bitfinex) As mentioned in previous updates about to wave counts, it turn out to be bearish set up as price broken down below 9208 level. Now it is in Y of (Y) down was as ABC correction. But A wave is 3 wave so it may be flat correction or if turns out to be five wave by making one more low after small correction up of 4th one, then it could be ABC zigzag correction. So wait for A wave to confirm the set up as flat or zigzag, then only enter the trade when B wave will be over with stops above 9498 level.
Ethereum (ETHUSD - Bitfinex) - Choppy or trendy - what’s next ?
Ethereum (ETHUSD - Bitfinex) is within choppy range and didn’t breakout any level up or down to confirm the major trend direction. So wait for it to confirm the direction. If it makes a five wave down as wave A, then it is very easy setup for trade within B wave correction for C down. But wait for it to confirm the direction. Based on BTC, it looks major direction down to complete the correction.
7/9/2020
Bitcoin (BTCUSD - Bitfinex) - Choppy or trendy - what’s next ?
Bitcoin (BTCUSD - Bitfinex) it is within the complex wave structure of X wave of (Y) down, which was unfolding in wxy in double zigzag correction and finally over unless the c of y of X not further extends, which will confirmed only when price broke the level below 9208 as the start of wave c. So wait for impulse move down to broke that level as a token of confirmation then enter in sell trade with three wave pull back with appropriate stop loss. Until this no trade zone. The huge volume may drive the price sharply down. But let’s see how it unfolds. Another possibility within triangle was triple zigzag as WXYXZ was over on 27 June and now price goes up in next wave C impulse, which is in its early stage of 3rd wave up. So if price crosses yesterday’s high taking support of down trending trendline and gone up over 9702, then it confirms the 3rd of C wave up in 4 hr time frame. So price rang between 9208-9702 its considered choppy with no clear sign of direction, above 9702 - the huge C wave up targeting towards 14000-15000 level up and down below 9208 it will go down to 8600 -8500 level.
Ethereum (ETHUSD - Bitfinex) - Choppy or trendy - what’s next ?
Ethereum (ETHUSD - Bitfinex) is in X wave of WXY as mentioned previously and alternatively it can be the part of up trending (C) wave in 4 hr time frame, which is huge up trend. It is out-performing than BTC. So wait for clear count to unfold. Until than no trade zone.
7/8/2020
Bitcoin (BTCUSD - Bitfinex) - who will drive the trend - Bulls or bears ?
Bitcoin (BTCUSD - Bitfinex) is within A wave down of ABC zigzag correction of Y wave down. It is about to end 2nd wave abc correction with one more swing high in 3 min time frame, which is best risk reward entry if the pattern unfold as expected with stops above invalidation level of 9390 level. Wait for c of 2nd to complete and an impulse fall to confirm the thesis and then get in to it in small pull back in 3 min time frame. Stay bearish below 9390 level.
Ethereum (ETHUSD - Bitfinex) - who will drive the trend - Bulls or bears ?
Ethereum (ETHUSD - Bitfinex) is within A wave down of ABC zigzag correction of Y wave down. It has ended 2nd wave as wxy complex correction in 3 min time frame, so stay bearish here,which is best risk reward entry if the pattern unfold as expected with stops above invalidation level of 244.10 level. Wait for an impulse fall to confirm the thesis in 3 min time frame then get in to it with small pull back. Stay bearish below 244.10 level.
7/7/2020
Bitcoin (BTCUSD - Bitfinex) - who will drive the trend - Bulls or bears ?
Bitcoin (BTCUSD - Bitfinex) After yesterday’s EW count invalidation, today I come up with updates, where it is in (Y) wave down,where W and X down is already completed. The price rally seen yesterday was the C wave of X as ABC zigzag move, where B was complex correction. The Y wave down is just started, but wait for confirmation as impulse wave down in 5 min time frame and its pull back to get in to trade with stops above 9390 as invalidation level. That level was rejected by down trend line connected with two previous major swing highs.
Ethereum (ETHUSD - Bitfinex) - who will drive the trend - Bulls or bears ?
Ethereum (ETHUSD - Bitfinex) It has similar type of correction like BTC. In 4 hr time frame it is in (W)(X)(Y) correction, where (Y) wave is under progress in further WXY correction. In (Y) wave, W & X wave both over. X wave in 1 hr time frame, just ended with sharp rise of C wave as ABC correction, where A wave was diagonal, B was complex correction & C was impulse sharp wave up. Y wave within (Y) down wave just started moving down, but wait for confirmation as impulse wave down in 5 min time frame and its pull back to get in to trade with stops above 244.10 as invalidation level.
7/6/2020
Bitcoin (BTCUSD - Bitfinex) - Bears in control now or remain choppy ?
Bitcoin (BTCUSD - Bitfinex) it is about to end 2nd wave of C down of Y wave of (Y) major cycle in complex correction. It must hold 9204 level to retain the count as C wave impulse cycle down. So it is good sell with that stops for target of 8600 as mentioned in earlier updates.
Ethereum (ETHUSD - Bitfinex) - Bears in control now or remain choppy ?
Ethereum (ETHUSD - Bitfinex) it is about to end 2nd wave of C down of Y wave of (Y) major cycle in complex correction. It must hold 231 level to retain the count as C wave impulse cycle down. So it is good sell with that stops for target of 207-10 as mentioned in earlier updates.
7/3/2020
Bitcoin (BTCUSD - Bitfinex) - Bears in control now or remain choppy ?
Bitcoin (BTCUSD - Bitfinex) - As mentioned in previous updates, it is moving down to complete (Y) wave, which is within Y wave as ABC. Wave A is impulse and falling down in 5th wave of A. Thereafter wave B will go up to correct it, which might complex correction. The invalidation level of impulse A wave is 9228, so keep eye on it.
Ethereum (ETHUSD - Bitfinex) - Bears in control now or remain choppy ?
Ethereum (ETHUSD - Bitfinex) As mentioned in previous updates, it exactly falling down in (Y) wave in Y subwave, which further subdividing in ABC zigzag move. Wave A will be impulse and it is in progress just like BTC. The count is here little tricky, so I put alternate count, in both count, the major direction remains down, so wait for B wave to complete to further get in to trade. The invalidation level of 233.25 will be considered stops for C wave down trade with target zone 210-05.
7/2/2020
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) It has completed X wave within WXY of (Y) wave down sequence at level of 233, which mentioned in yesterday update. Now it just started Y down in ABC zigzag. Wave 2nd is over and 3rd wave starts moving down. The target zone for Y wave will be around 210-05 level. It is in good risk reward ratio to get in, but keep eye of invalidation level as 233.25 as stops.
Bitcoin (BTCUSD - Bitfinex) - Bears in control now or remain choppy ?
Bitcoin (BTCUSD - Bitfinex) has complex X wave within WXY complex correction in (Y) wave sequence. The Y wave down is started moving down in ABC zigzag. The invalidation level of 9299 must hold to retain the EW count valid, so as a good risk reward ratio for sell trade. The target for Y wave will be 8600 to 8580 level expected to complete the whole bearish corrective sequence after impulse in 4 hr time frame.
7/1/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) is progressing within (X) wave as mentioned in earlier updates. It is subdividing in WXY correction and now the C wave of Y is moving up to complete the sequence. If pric fall below 9075, then (Y) down sequence confirmed to be started down. The probable target for (X) wave will be 9354 expected to reach, if the invalidation level holds. It may another probability of triangle too there, which will be vanished if price crosses above wave A high of Y wave above 9195 level.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) is in (X) wave correction within WXY subwaves. It is in final Y subwave up, which further dividing in ABC and B is in progress, which is about to end and thereafter C will start moving up, which only confirmed above 227.05 level for target zone 232-34 level. Another alternate count is possible here, which is Y wave as triangle, so if pricfe broken down below 223.20, then it confirms the (X) wave over and (Y) continue for the target below 210 level.
6/30/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) is within X wave correction in WXY correction down. It is in (x) wave of (w)(x)(y) correction of X wave. Which is about to end, thereafter (y) wave up will go up to complete the pattern. Then only Y wave big fall start dropping which will go below 8500 level.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) is within X wave as more complex correction as the part of WXY correction. It is in (w)(x)(y) correction, where (y) is within wxy double zigzag correction and x is under progress, thereafter one abc zigzag of y wave will rise to end the X wave. Only thereafter the big Y down correction starts which might test or go down below 200 level.
6/29/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed X wave of WXY down cycle of (Y) wave in complex correction after Impulse wave over in 4 hr time frame. Im 30 min time frame, it completed A & B wave of Y down and dropping down in C wave, which must stay below 9192 level to confirm the count as Y of (Y) down. Stay bearish below that level for target of 8665 level.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed X complex correction within wxy as double zigzag. It is now dropping down in Y wave of WXY cycle as (Y) wave in 4 hr time frame. It completed a and b wave of Y down and going for in c wave. It must stay down below 228 level to confirm the count as Y of (Y) down.
6/26/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) is moving within X wave up in ABC zigzag up, where B wave within complex correction wxy is in progress. It has completed W wave in wxy double zigzag correction as the part of WXY complex correction of (Y) wave down. It is within y wave of B correction of X wave up, which take down to 9180-9150 level to complete thereafter C wave up will start to complete the correction.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed W wave of (Y) major down cycle in ABC zigzag move. It is within X wave up and completed A impulse followed by B flat correction. It is in 2nd wave of C wave up move, which is final of X wave and will be about to start 3rd wave up if retains above 231. level, with target of 239-43 zone, where X wave about to end probably. Then only Y of (Y) will start down.
6/25/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has dropped in W wave as ABC down after (X) wave over as C - truncation. Now X wave up will go in ABC where C wave is under progress and will be impulse up, till must remain above 9252 as invalidation level, if it broke then it will count as B wave continue, which can go and test previous low of 9222 as flat ABC correction. Let’s see how charts moves.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has dropped in ABC sigzag as W wave down. Now correcting up in X wave as ABC, which can be flat or zigzag. This WXY cycle is the part of (Y) wave in 2 hr time frame, which is correcting up move.
6/24/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed ABC zigzag cycle, but 5th wave of C was truncated, which confirmed with ETH case. It dropped in ABC zigzag as wave W and now correcting up in X wave. Wait for complete the X wave to get in to Y wave down.
Ethereum (ETHUSD - Bitfinex)has completed ABC sequence which mentioned in the previous updates 6 hrs ago. Now the drop is 5 wave sequence as wave A of down cycle. Wait for B wav to go up for ABC corrective cycle. C wave will be good trade entry. It is exactly touched the target of 248 as mentioned in previous updates.
Updates 7 Hrs ago.
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed 4th wave and going up in the 5th wave up. It is in the 3rd wave up. The invalidation level must hold to retain the count. Another alternate count is 4th wave is forming triangle, which also gonna hold the invalidation level and thrust will complete the 5th wave up. In both cases, 5th will about to make new high above 9800, as expected earlier.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed 4th wave and going up in the 5th wave up. Which is as per expectation mentioned in earlier updates. It is now under no trade zone until it over. The next count is (Y) wave down, but wait for impulse down to confirm the move as well as some invalidation level to define the stops.
6/23/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed 3rd wave of (C) up and correcting in 4th wave down in ABC zigzag correction or it may be complex or triangle correction, but possibly it would take around 8-10 hours for 4th wave correction from now. Thereafter going up for 5th final wave to complete the (C) wave in equal sized target of 9850 level. Wait for confirmation to end the 4th wave to get in to.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed 3rd wave of (C) up and correcting in 4th wave down in WXY complex correction or it may form a triangle , but possibly it would take around 8-10 hours for 4th wave correction from now. Thereafter going up for 5th final wave to complete the (C) wave to the target zone of 247.7 level which is more than equal sized. Wait for confirmation to end the 4th wave to get in to.
6/22/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.618 retracement of (A) wave. Now it is in wave (C) up, where it has completed 1st and 2nd wave. The 3rd wave up is under progress and equal sized target for (C) wave is 9850 level, which is good target zone if entry taken in 3 min time frame in some good pull back level.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.618 retracement of (A) wave. (B) wave was really very choppy and time consuming. But now it started (C) wave up and completed its 1st and 2nd wave. 3rd wave up is on the way to upward movement, which crossed the (B) wave channel and confirmed the uptrend. The equal leg size target of (C) wave is 243. Wait for 4th wave correction to get in to for final move up.
6/19/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.5 of A times distance. Wait for confirmation in 2 min time frame as impulse move up of C wave starts, until no trade zone. C wave looks started moving up, but until have confirmed impulse move up, just wait.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.5 of A times distance. Wait for confirmation in 2 min time frame as impulse move up of C wave starts, until no trade zone. C wave looks started moving up, but until have confirmed impulse move up, just wait. Both the charts resemblance to each other for this particular pattern.
6/18/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed B wave in complex WXY correction as expected earlier and now moving up in C wave. 1st wave of C already completed and 2nd wave is on the way to correct it, wait for more deeper correction to get in to for 3rd wave swift movement for C wave. The equal sized target for C wave will be 9940 level. Will see how it moves next.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed B wave in complex WXY correction as expected and now moving up in C wave, which is around 246 level target zone to complete as equal sized with wave A. wave 1 already over and 2nd wave is under progress, which probably go deeper more. Thereafter swift 3rd wave will start moving up.
6/17/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed wave A impulse as mentioned in previous update and now correcting down in B wave in complex correction wxy and y wave is subdividing in abc, which probably ends within level 9360-9250. Thereafter wave C will start moving up.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed wave A impulse as mentioned in previous update and now correcting down in B wave in flat correction abc, where c down is in progress. Wave c may extend or will be further convert in wxy correction. Thereafter wave C will start moving up. Let’s see how it unfolds. BTC and ETH moves along for C wave.
6/16/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed WXY instead of ABC mentioned in earlier updates. The choppy WXY correction having ABC in Y wave was over yesterday as three wave movement and a sharp rally thereafter indicates the change of direction. It is about to over A five wave up move from last bottom with one more minor high in 3 min time frame, thereafter B wave correction will start moving down. The fall in B wave will be good entry for wave C wave. Keep eye on invalidation level to retain the count.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed WXY instead of ABC mentioned in earlier updates. The choppy WXY correction having ABC in Y wave was over yesterday as three wave movement and a sharp rally thereafter indicates the change of direction. Initially it looks ABC wave pattern, but wait to confirm the five wave A wave, then B correction to buy for C wave up. The market direction of SPX is up for about 2 days. Bitcoin is in five wave up move.
6/15/2020
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) is extending its C wave in impulse down. It is now moving down in wave 3, which should be sharp down and works faster without invalidating the level of 2nd wave high as stops. The BTC structure is not clear but it is also directing downward movement.
6/12/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed WXY complex correction. As mentioned in yesterday update, it completed sharp abc zigzag downside to complete Y wave. Now moving up in abc up cycle. This may be the part of extended Y wave, which is under progress or a new up cycle, but we know as chart progresses.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) has completed ABC flat correction and now price moving up in ABC zigzag move, which is either new wave as up cycle. It may further extend C wave loss too, but that will know as chart progresses.
6/11/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) had extended X wave correction further, which was over and now moving down for (Y) wave correction. It had made triangle in B corrective wave of a Y wave, which reversed immidiately after completing Y wave through C wave. Now price is going down for (Y) wave correction, which should be again ABC structure. Invalidation level must hold to retain the count.
6/10/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed wave 2 in complex WXY correction and now moving down in 3rd wave for wave A of ABC correction of Y down. Wait for impulse fall in 5 min time frame to get in to trade.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) is extending 2nd wave in complex correction in WXY and Y wave is under progress. It can take more time. So it is better to enter in the 3rd wave down after price broke the X wave low below 241 with stops above Y high. The next direction is down as mentioned in the chart.
6/9/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) is about to complete 2nd wave of A down for ABC sequence of Y wave down. Thereafter it will start 3rd wave, but wait for confirmation to end of 2nd wave as price crossed down below 9677 as a token.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) is about to complete 2nd subwave of C down with one more minor high and after that it will go down for 3rd subwave sharp. If it crossed down below 242.28, it means 3rd wave down is already started, so keep watching that level.
6/9/2020
Bitcoin (BTCUSD - Bitfinex) - Updated EW count
Bitcoin (BTCUSD - Bitfinex) has completed its ABC zigzag pattern for Y wave in (X), which is the end of (X) wave and now it already started (Y) wave down with sharp fall, which is the wave 1 of wave A of ABC pattern of (Y) wave down. Overall Bitcoin has completed impulse cycle up side from last major bottom and now correcting it in B wave downside in 2 hr time frame.
Ethereum (ETHUSD - Bitfinex) - Updated EW count
Ethereum (ETHUSD - Bitfinex) is in flat correction of ABC, where B wave is complex correction and over with WXY pattern. Now wave C started moving down with sharp drop as wave 1 and correcting in wave 2. Thereafter 3rd wave drop will start. It must follow the invalidation point to hold the count, which is inline with Bitcoin.
6/8/2020
Bitcoin (BTCUSD - Bitfinex) - ABC wave pattern
Bitcoin (BTCUSD - Bitfinex) is in A wave up in ABC zigzag correction as Y wave up shown in chart as corrective WXY wave. The (X) is made up of WXY and will end corrective up cycle with this C wave up and thereafter start (Y) wave down. Overall Bitcoin has completed impulse cycle up side from last major bottom and now correcting it in B wave downside in 2 hr time frame.
Ethereum (ETHUSD - Bitfinex) is in B wave down of X cycle in WXY complex corrective pattern moving in up direction. WXY is the part of (X) wave in (W)(X)(Y) complex pattern moving down. After B wave over again price moving up for C up to completed Y wave of (X). thereafter (Y) down will start.
6/5/2020
Ethereum (ETHUSD - Bitfinex) - WXY wave pattern - early mornig analysis
Ethereum (ETHUSD - Bitfinex) is in X wave triangle of WXY complex corrective pattern moving in up direction. WXY is the part of (X) wave in (W)(X)(Y) complex pattern moving down. After triangle breakout the price moving up in ABC zigzag move to complete Y wave of (X). thereafter (Y) down will start.
Bitcoin (BTCUSD - Bitfinex) - ABC wave pattern - early morning update
Bitcoin (BTCUSD - Bitfinex) is in B wave triangle and about to break out it and complete ABC zigzag correction as Y wave shown in chart as corrective WXY wave. The (X) is made up of WXY and will end corrective up cycle with this C wave up and thereafter start (Y) wave down.
6/4/2020
Bitcoin (BTCUSD - Bitfinex) - WXY wave pattern
Bitcoin (BTCUSD - Bitfinex) has completed impulse five wave sequence from bottom shown in 60 min chart. Now it is correcting it WXY down cycle and moving up in X wave, which is about to over and will start moving down in Y wave.
