ETPUSD - Daily Chart (EW + Harmonics + Fibonacci Clusters)

2018年1月23日

ETPUSD

Bla-bla-bla... just testing the charting options, while doing an analysis for a crypto friend. Overall, good for crypto, since no other charting tools to compete with, in this field. But when it comes to the "classic financials"... lacks a lot, especially for my multi fibs systems (feedback for the TradingView team).

Used tools: Elliott Wave, Harmonic Patterns, Fibonacci Confluence Areas (a.k.a. "Clusters").

Bearish Trend is still in place. Looking for the 5th wave to be completed, before having a minor corrective swing (abc). More "viewable" on the H4, maybe.

T.A. based, we should consider Bearish Trend resumed, as soon as that minor corrective will be over (I doubt we'll have a "healthy fib retracement" of at least 50%).
F.A., pointing highly Bearish (whitepaper sucks - FUD).
Market Sentiment is still FOMO (crypto doh!)... but I just doubt, we'll see a Bullish Trend in place, anytime soon. The instrument looks like needs time to recover from the big dump and no new development, during the pump, whatsoever ...

Hope this helps, Jo!

Ice.