Eliot Waves Deja Vu?

What's up everyone it's the Crypto Watcher here and today we're going to talk about the ETH/USD.
So symmetrical its amazing!

Ok let cut the chase we need to look at the chart and separate it into two different times:

1. Purple Eliot wave –

Phase 0 – 1: Eleven days to the top.
2018 has just started everyone is so excited!

Phase 1 – 2: The meltdown
This phase was directly caused by the BTC FUD which has just started for example:
* US Treasury Secretary Addresses Anonymity, Sanctions and Digital Currencies
* Central Bank of Indonesia Warns Against All Cryptocurrency Use, Cites High Risk
* ⁠Cryptocurrency Markets Falling After Recent Rise, Most Coins In The Red
* Metropolitan Bank Halts All Cryptocurrency-Related Wire Transfers

All of this caused the first phase between 1 – 2 which took place at 13th of January till the 17th of January which happened.

Phase 2 – 3: Eleven days to the top.
We can see a market recovery which took eleven days and got us into the second peak of Eliot wave.

Phase 3 – 4: BTC is crashing and we are both on the same boat…
Another market crash which happened by the same reasons of phase 1-2.

Phase 4 – 5: If history repeats itself than why not?
as you can see every time we got into a new bottom it took us eleven days to return to the peak.

2. Orange Eliot wave –
With no further ado we got another Eliot wave which it takes us one day to get back to a new peak since it reached a new bottom.

Couple of things that you should notice them:
A. Every bottom in Eliot wave in this chart (no matter which Eliot wave we're looking on) is on a support line that can tell us that although the market is unstable we are still based on strong support line which at the past were a strong resistance lines.
B. Currently we are in a down trend that locked us in a downward Eliot waves we need to break it so we can start to see more bullish activity.
C. Every top is symmetrically to the one before.

History repeats itself and we are out of the FUD so everything is going to be alright.

For more join us at Telegram:

Your 1 is strongly violated by the peak of the 4th. This is not a valid count.

Your macro 5 wave count is also completely incorrect. The peak of your 1st wave is really the top of the macro 3rd wave. We are in the 4th wave corrections now, entering the overall B wave upwards in the ABC of the corrective set. In a way, your 5 wave EW count is pretty close to being on the C of the A down, but I think that may have been accidental.

Study up on EW before you post this stuff. On one hand you're completely wrong. But on another, you're misleading people who don't know anything about EW. "A little knowledge is a dangerous thing."
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出