Another Day, Another Setup

in #ethereum6 years ago

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I have pounded the table left and right regarding the downside setups in Bitcoin and Ether. Both, have potential triangles. Yet every time I posted, the triangle lengthened, pushing out in time. I was even wondering over the last week if we were going to break upward, so I was looking at potential bullish setups, but they failed later in the week.

Well, here we are again. On a nano level, which isn't shown, we have another 5 wave move down, and three waves up. That is, price moved impulsively down and only correctively retrace, which is the setup I am looking for. Let's see if we follow through, or again make me put foot in mouth.

(open in new tab to see charts larger)

ETHUSD - Long Term - Nov-11 1937 PM (1 day).png

BTCUSD - Y Triangle - Nov-11 1936 PM (1 day).png

Note that free 15 day trials are available for our trading room and community on Elliott Wave Trader, where I am a full time analyst. You'll rub noses with professional, amateur and traders in the learning process, while getting trade calls and ongoing direction for the market. No credit card is needed for a trial.

Note none of my work including the larger body of work for subscribers is intended to be a trade recommendation a I do not know your financial means, or risk tolerance. These are valid setups that can provide return, if using tight risk management with stops.

Elliott Wave Trader

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The boredom is killing everyone. People arent even posting predictions on twitter. A good flush would shake out quite a few more folks just hanging on by a limb.

when moon? iv'e got bills to pay. cant hold then off forever;)

Hello brother I have a doubt I do not speak a bit of English I am actually and use the translator in googles, to opt for the free sample, you have to speak the language, right? Because I am interested enough to understand the graphics and follow-up on the cryptocurrencies

It's very visual. I put out charts so you'll get some value. But yes, catching the deeper meaning I write in analysis requires English. You can always try it, and see. There is no credit card taken for the sample so you don't have to worry about us charging it if you don't want to stay. The only negative is marketing emails but you can cancel those too.

Also, what do you speak? I can speak broken Spanish and Portuguese. I can always try to help. The issue is how technical you get. I'm more lightly conversational. I have plenty of Bilingual English-Spanish traders on the board.

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Seems like the creature is alive now and it's a bear.