Hi guys,
Want to share my vison of last year "choppy" price action on ETHUSDT according to EW theory
Generally I am super bullish on both BTC and ETH but always keeping in mind diferent scenarious.
I am even more bullish on ETH then BTC because of ETHBTC chart EW structure.
Lets go step by step:
Wave 1 - clear 5
Wave 2 - clear WXY with irregular flat in X
After we again had clear 5 wave up structure and I mark it as 1 of 3
Wave 2 of 3 - clear corrective move as for me. It finished between 50-61,8 FIBO levels
So, IMHO we are ahead of powerful wave 3 of 3 and then 4 and 5 of 3
Invalidation level 1535
Trade safe and remember that risk management should be on the first place.
Want to share my vison of last year "choppy" price action on ETHUSDT according to EW theory
Generally I am super bullish on both BTC and ETH but always keeping in mind diferent scenarious.
I am even more bullish on ETH then BTC because of ETHBTC chart EW structure.
Lets go step by step:
Wave 1 - clear 5
Wave 2 - clear WXY with irregular flat in X
After we again had clear 5 wave up structure and I mark it as 1 of 3
Wave 2 of 3 - clear corrective move as for me. It finished between 50-61,8 FIBO levels
So, IMHO we are ahead of powerful wave 3 of 3 and then 4 and 5 of 3
Invalidation level 1535
Trade safe and remember that risk management should be on the first place.
