Using various technical tools, I come to one result and that is more decline. In this analysis, the result is based on EW.
Any green can be a correction wave.
MD
Any green can be a correction wave.
MD
Note
This can be a possible guess as I try to 100% bring other crypto analyzes into a logical circle. The assumption that point C is higher than point A (eth correction area). It should be taken into account that EW 2.0 accepts all other corrections where point C is not higher than point A. EW is very helpful, but it doesn't give 100% understanding, but still it's a necessary thing.Note
I can be bullish up to 3k but a bear minus beats a bull and a bear winsNote
Legendary Uptober? if so, then until the end of this monthNote
It is very possible that eth can pump 3k. 10%+ the current price 2,6kBut where is btc then? If btc goes up 10% like eth then btc is 72k.
if btc is 72k then my btc drop analysis will be destroyed.
Which can lead to the assumption that the eth -40% analysis is wrong, maybe.
I get different analysis results on different coins and have to accept any major movement.
Note
On the 5d chart, we could assume at least 2*5d green candles, based on historyTrade active
Pump it, eth coin still has no point c. If point c is done, I'll see if it's really point c or not. watching for sell signals that will bring more declines.Note
eth -40% may be smaller (if the drop is true), but we will see step by stepDisclaimer
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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.