Ethereum Bullish Butterfly Forming?
Updated
After the successful Bullish Bat buy signal, which brought about the end of the wave II correction in ETH, there is now a potential Bullish Butterfly forming. (see related ideas below)
If this plays out, we get a completed Bullish Butterfly harmonic pattern in Ethereum at 537, which also happens to be the 61.8 retracement of wave 1 (0f cycle wave III up). This should signal the start of wave 3 up. Even if this pattern doesn't complete, it looks like ETHUSD is close to completing wave c)) of 2. So, either way, wave 3 up should be starting soon.
If this plays out, we get a completed Bullish Butterfly harmonic pattern in Ethereum at 537, which also happens to be the 61.8 retracement of wave 1 (0f cycle wave III up). This should signal the start of wave 3 up. Even if this pattern doesn't complete, it looks like ETHUSD is close to completing wave c)) of 2. So, either way, wave 3 up should be starting soon.
Note
So far, ETH has not hit the target level. I went in with 50% position, as it looks to me like wave 2 down has potentially ended, with an ending diagonal v))th wave of c)) of 2.
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