We remember being immensely disappointed near the lows as to how ETH was performing. In retrospect, we realize that we should have "faded ourselves" because the recent bottom in ETHBTC could be a significant bottom.
Looking at the wave structure, the recent decline looks like a simple A-B-C correction. To us, this could set up a more substantial move. This move could be way more significant than people expect.
Bottom Line: We think today's ETH outperformance is only the start of a much bigger move.
Looking at the wave structure, the recent decline looks like a simple A-B-C correction. To us, this could set up a more substantial move. This move could be way more significant than people expect.
Bottom Line: We think today's ETH outperformance is only the start of a much bigger move.
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Related publications
Disclaimer
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.