ETH down. To know why, enter here and check the fractals.

Hi, there. As I said to you, there are amazingly similar patterns (fractals) in these two mountains.
If you think it will go to $1400 or close, I think you can wipe your accounts off.
Why do I know it goes down and can imitate the same behaviour? Well, this last bullrun was the Wave 4 of the correction, and now, it needs to go down again and complete the Wave 5.

Trade at your own risk. I’m not responsible of your actions.

Have a nice day! :)

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Sorry, I didn’t realise it’s in Euros. However, it doesn’t affect that much to its behaviour.

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Maybe Wave 5 hasn’t finished yet, but it’s going down after that.
People are so bullish here, but if counting the waves properly, we can see we’re still in wave 4 of the correction.

I have seen July’s chart and the pattern is similar. Same wave 4 and EXTENDED wave 5. I stress it because there’s a possibility that the same scenario happens.

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When wave 5 finishes, it will go really deep. But it will only happen if this bullrun was the wave 4 of the correction. Let’s see how it plays out.

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I forgot to comment there’s a bearish divergence. RSI down, price up!

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Corrective wave 4 is about to touch 0.382 Fibonacci level, a level in which the trends reverses to start the wave 5. As it is a corrective wave, wave 4 goes up instead of down, and wave 5, down instead of up.

However, and it’s very important that you know it, wave 4 can touch 0.5 Fibonacci level, and from there, huge drop.

Fractals still active.

Have a good day. :)

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Bullish divergence has played out, and daily chart shows a Bearish divergence. It can show a little retracement, or the beginning of a downtrend, who knows.
At the moment, everyone is lost, not knowing where this goes. But one thing is sure, it goes down now.

Have a nice day! :)

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Wave 5 still playing out. It's not 100% it falls down, but not 100% it goes up.
In case it goes up, maybe after a little retracement, it will go to 750 euros max. (I don't know how much it is in dollars).
If it goes down now, and you get in thinking it will go to 750 euros, maybe your account gets wiped out.

This is wave 5, so difficult to trade, full of noobs trying to catch the last FOMO.

If you want to try going long, I would think you're crazy, but it's your money and it's up to you. Just be careful.

Have a good day! ;)

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Wave 5 finished. It touched the top of the channel.

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Let’s see how it performs, but the last time it drew the wave 4 of the correction, it went to nearly 0.618 Fibo.
It means it could play out similarly and go to this level. Let’s see... :)