ethereum goes to $20,000
gm,
eth is setting up for a monumental move to the upside as the etfs were granted access into crypto land.
they've been accumulating behind the scenes while a large majority of the market has been panic selling due to a rise in fear, uncertainty, and doubt.
---
over the last month i have decided to pivot my primary macro idea from bear to bull, due to two variables.
1. fear [when people are afraid, we become buyers]
2. market structure [we have successfully created a macro bullish nest].
---
a macro bullish nest is a series of 1-2 structures in elliott wave theory which leads to a parabolic expansion to the upside. so while the common man sells his bag out of sheer fear, the institutional trader simply scoops his coin up for a bargain and awaits the mark-up phase.
---
eth target sits above 20k.
eth is setting up for a monumental move to the upside as the etfs were granted access into crypto land.
they've been accumulating behind the scenes while a large majority of the market has been panic selling due to a rise in fear, uncertainty, and doubt.
---
over the last month i have decided to pivot my primary macro idea from bear to bull, due to two variables.
1. fear [when people are afraid, we become buyers]
2. market structure [we have successfully created a macro bullish nest].
---
a macro bullish nest is a series of 1-2 structures in elliott wave theory which leads to a parabolic expansion to the upside. so while the common man sells his bag out of sheer fear, the institutional trader simply scoops his coin up for a bargain and awaits the mark-up phase.
---
eth target sits above 20k.
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.