Adding dome more data about ETH and BTC, as long we adding solid data to our trading we may feel more confident and less stress.
In this video, I'll give some of my "spaceman Observation" perspective, ill talk about some Elliot wave Theory (EWT) rules (flat corrections, alternation rule, fib ext projections).
something is unclear? want do get enlightenment about EWT?
I'm here to help!
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We have reached our 3rd wave move by the 4hr chart....
We are on our way to the 3rd wave target by the daily chart, ETH/BTC getting stronger has we saw in the last video.
Good luck and amazing trading week ;)
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We came to our 3rd move expectation...
now we have 3 options:
1)
or...
2)
or...
3)
I personally see option 2 as the most realistic one, as it projects an extended 5th wave which means a deep correction right after, which gives us more power for the bigger move of ETH towards 600$
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Minor - dark blue: as our preview analysis showed, we are at option 1, when wave 5 length equal to wave 1 length, which means we are about to start ABC (in red) correction (some kind of flat or zigzag)
Minute - light blue: we are at 4th wave, a correction wave, most likely it will be a shallow correction. As we can see at the picture.
Intermediate - yellow: By the intermediate level, we are just at our first wave, which means we will experience soon the prices getting low, most likely up to 180$ per ETH, and only then we will see even more powerful impulse 3rd wave begins.
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It looks like a zig-zag correction, where A wave length equal to c Wave...