ETHUSD - BMEX - EW WXY Correction

22 thg 1, 2019

ETHUSD looks very similar to BTCUSD. I am counting this as a WXY correction similar to btc and am expecting a completion of this move shortly. My buy area for ETH is somewhere between $95 - $110. As I'm not too sure about the exact location, I will refer to btc's completion of the WXY correction to determine an appropriate buy price. I believe you could also count this as an expanding flat ABC, however, I consider this the lazy count :P. In the overall grand scheme of things, I'm expecting a big bounce up after this final push down to complete the correction and finalize what would be the larger ABC correction from the most recent 5 wave impulse move down in November.

TLDR: Looking for longs between $95-$100.