The small 4 is unfolding as a triangle over the next days/weeks. If 5/3 = 3/1 expect the following small 5 to end around 6500 $.
This small 5 will end the bigger 3; a 38% correction of the move from 200 $ (bigger 2) to 6500 $ (bigger 3) aims to 4000 $ (bigger 4).
After this the bigger 5 should unfold, for which a limit is difficult to foresee.
After that there should be a correction and then the last 5 should unfold, for which a stout logarithmic chart will be needed.
This small 5 will end the bigger 3; a 38% correction of the move from 200 $ (bigger 2) to 6500 $ (bigger 3) aims to 4000 $ (bigger 4).
After this the bigger 5 should unfold, for which a limit is difficult to foresee.
After that there should be a correction and then the last 5 should unfold, for which a stout logarithmic chart will be needed.
Note
Clinging to this count.Only the small four was no triangle but a an abc, in which b was an triangle. This is always to be suspected if the triangle ist very perfect - in that case the real triangle is of a lesser degree.
There will be a retest of the 3000 $ line but I'm not sure if it will be touched. Big money may come in now.
I would be interested to hear about your strategies regarding ether/ ice age. Are you changing ether into btc, dash ....?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.