I've compared the recent 4 wave points to the counter trend line and eth is the farthest above it.
I think this makes eth the most bullish of all even though I expect it to have trouble getting past $200.
I do expect it to retrace maybe to the $165 area but I'm probably not going to bother trading that because there's also a high chance that cryptos as a whole will start shooting upward and leave everyone in the dust.
So the point of this chart for me is to provide a way measure what the expected adverse volatility might be so that I can avoid selling my way out of a position that I've accumulated at what is potentially the bottom of a very large bull market.
If I add funds to my crypto account I might add more eth at the C point but I'm definitely not selling at 5 to buy back in at C.
The time to HODL has come!
I think this makes eth the most bullish of all even though I expect it to have trouble getting past $200.
I do expect it to retrace maybe to the $165 area but I'm probably not going to bother trading that because there's also a high chance that cryptos as a whole will start shooting upward and leave everyone in the dust.
So the point of this chart for me is to provide a way measure what the expected adverse volatility might be so that I can avoid selling my way out of a position that I've accumulated at what is potentially the bottom of a very large bull market.
If I add funds to my crypto account I might add more eth at the C point but I'm definitely not selling at 5 to buy back in at C.
The time to HODL has come!
