my only worry is that the 1 & 2 looks very three wavish. which would be corrective not impulsive, sure hope im wrong.

i could be understanding this incorrectly but from what i gather, a "C" wave ending in the $4500-$5000 would actually be more bearish then already being done with the 4th wave and going down

looks more like the start of 5 waves down just bc the volume was so high, but heck id be happy as hell if the 3rd wave was next.

fib pull from low to 4414 (cbase) seems to have been honored. 18th we hit resistance at 3784 (.5 fib $3772), 19th we bounced off $3928 (.618 $3923), today we reached $4175 (.786 fib $4140). i would expect

is this count similar to trade devils? he seems to have an algo target that goes as low as $2200, he's adding more at low 3s

id be shocked if 3k didnt hold. hopefully the bottom is near..

are we not in capitulation mode right now ?

market is getting crushed, wouldn't this qualify as capitulation ?

isnt BTC above the trendline drawn from the march area? i woulda thought getting above that woulda been a bigger move up.

that selling wick seems pretty significant, should that be a concern for the bulls? the tether thing was interesting.

i found it interesting for both DJI and S&P, the fib pulls from their recent swing lows at 23360 (dow), and 2533 (S&P) to their recent tops they both dropped today to exactly the .382 fib.

im slightly worried that ETH looks like a bear flag and potential H&S. thoughts ?

peter brandt on twitter says its a "compound fulcrum" bottom pattern, no idea what that is but hey who knows..

I dont think retail would get scared out of their short positions, I think they know its fairly obvious what will happen in the very near future if ETF is delayed/rejected.

unfortunately this seems most likely.

some see that wedge as an inverse H&S which would target around the $6750-6800 area (which is the reappearing resistance/support level), and also the .5 fib resistance pulling from 7400 to 6100 recent

I was thinking of buying ETH at $150 but may have to re-think if bitcoin is gonna continue tanking this year. what im wondering is when Eth does find its bottom how will it respond. will it be like 2017

the drop was going to happen like you said but i think the goldman sachs news made this knee jerky market dump a bit harder. ETH is getting crushed.

did notice the shorts rise, and the bithumb volume was unusually high some sort of news there with people able to buy with krw again but price did not move much upward. gdax also only got to 7328 so the

oh ok gotcha. i was looking at tradedevils count, he had your B as (iii), your CDE was labeled ABC, C being the (iv), and then start down to (v). i see this going either way for sure.