Hey everyone!
2023 turned out to be a great year, as expected!
2024 shaping up to follow similar footsteps.
ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.
As I was doing HTF analysis on ETH, this fractal comparison came to light.
Since I've seen it, I can't unsee it
1. Exact same ABC correction marks cycle bottom
2. 5 wave structure under bear market resistance
3. 2 rejections under bear market resistance (wave 1 & 3)
4. Fifth wave breaks bear market resistance
5. Exact same retest on 50 EMA & previous bear market resistance
Maybe the ETFs speed up the usual "halving pattern"?
This charts say 3K+ en route soon, invalidation being a break of the key!
Thanks for reading, please comment and like!
2023 turned out to be a great year, as expected!
2024 shaping up to follow similar footsteps.
ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.
As I was doing HTF analysis on ETH, this fractal comparison came to light.
Since I've seen it, I can't unsee it
1. Exact same ABC correction marks cycle bottom
2. 5 wave structure under bear market resistance
3. 2 rejections under bear market resistance (wave 1 & 3)
4. Fifth wave breaks bear market resistance
5. Exact same retest on 50 EMA & previous bear market resistance
Maybe the ETFs speed up the usual "halving pattern"?
This charts say 3K+ en route soon, invalidation being a break of the key!
Thanks for reading, please comment and like!
Ghi chú
Needed some more confirmation?No worries, observe 2W RSI
Haven't even crossed 68 yet 👀
Follow me on twitter! twitter.com/traderview2
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Follow me on twitter! twitter.com/traderview2
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.