Wave 3 ETHXBT seems to be beginning
A major correction in ETHXBT recently completed. It was either a wave 2 or a wave 4, by definition.
EW theory says that wave 4 CAN NOT overlap wave 1.
But the correction, (in ETHXBT, NOT ETHUSD) overlapped the top of wave 1. Ipso facto, the ETHXBT chart is saying that in that particular market, the correction was a wave 2, and that therefore, a wave 3 has just begun.
As of this writing, a wave 1 in the 10 minute chart has almost completed, up 13% in the last day
According to this 5 hr chart, 144 candle bull setup, the next 2 months will be outstanding...
EW theory says that wave 4 CAN NOT overlap wave 1.
But the correction, (in ETHXBT, NOT ETHUSD) overlapped the top of wave 1. Ipso facto, the ETHXBT chart is saying that in that particular market, the correction was a wave 2, and that therefore, a wave 3 has just begun.
As of this writing, a wave 1 in the 10 minute chart has almost completed, up 13% in the last day
According to this 5 hr chart, 144 candle bull setup, the next 2 months will be outstanding...
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