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ETH update

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BITFINEX:ETHUSD   Ethereum
I don't think Ethereum is bullish

eth is forming the last wave from 5 waves

his at 5 from 5

after this movement, we will decide if the correction end

eth could form a very good double bottom

I didn't update btc cuz the movement has a lot of scenarios & non of them is clear enough to share

sometimes eth tell us the next move before the btc or in much clearance

THIS CHART IS INVERTED

the chart could look like this


Commentaire:
I just want to share this BTC fractal

Commentaire:
watching the last movements I decide to make an update because the scenario above is not the strongest anymore


in this scenario, wave1 from coming 5 is finished & we are at 2 (3d could be the strongest)

the fail point is clear in the chart under this point bullish scenario will be strong enough to share

remember both scenarios I shares are bearish but have different structures
identifying the movements & updated when a scenario is stronger than the other is really important for more accurate targets & reversal areas
Commentaire:
the 5 small waves in the chart isn't random at all
Commentaire:
UPDATE

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