ETHER (ETH) Update: Long Term Elliott Waves
ETHER is correlated with Bitcoin. Given that, below shows my EW projection for ETH. As Wave 1 (white) completed, it is inevitable for the three wave ABC retracement. As shown in the chart, wave A and B are complete and wave C down has started. I expect Wave C to be the longest and so have the deepest retrace towards sub $200 levels. ETH will probably also correlate with Bitcoin in the timing of the bottoms of the correction. Once complete, Wave 2 (White) will be in place and oh boy, the subsequent Wave 3 (white).
Thanks @haejin
I love me some third waves....I could live with sub 200s on ETH.
By the way, do you see LTC in a similar count...working on a 3 wave correction before a impulsive wave up.
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Here is the update on LTC, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/litecoin-ltc-bearish-outlook
Thanks @haejin
So the low 50s on that tape...it works for me...
Thanks for sharing... Love it.