Possible wave count scenario.
That wedge might be wave 1 or since we don't have the full history, it might be wave 5 too. Looking at the big correction after that, it is more possible that it is wave 5, but I took it here as wave 1, because until proven wrong I would assume that the chart start as the beginning.
So, my thought is that we might be in a deep wave 2 correction and ethbtc pair might go above 1 someday.
Again, no time analysis here. Just ignore time axis.
This looks like gonna rise more or less to 0.40k sats area, but It might go much higher and that Wave c of this correction might not go that deep. maybe even new ath might be possible in this wave b if eth2.0 fomo runs big. We'll see that.
WARNING! I am not a financial advisor. I am just learning technical analysis. You should not use this idea as a trade or financial advice.
You DO NOT have my permission to republish or share this idea.
You DO NOT have my permission to use this idea as a trade or financial advice.
That wedge might be wave 1 or since we don't have the full history, it might be wave 5 too. Looking at the big correction after that, it is more possible that it is wave 5, but I took it here as wave 1, because until proven wrong I would assume that the chart start as the beginning.
So, my thought is that we might be in a deep wave 2 correction and ethbtc pair might go above 1 someday.
Again, no time analysis here. Just ignore time axis.
This looks like gonna rise more or less to 0.40k sats area, but It might go much higher and that Wave c of this correction might not go that deep. maybe even new ath might be possible in this wave b if eth2.0 fomo runs big. We'll see that.
WARNING! I am not a financial advisor. I am just learning technical analysis. You should not use this idea as a trade or financial advice.
You DO NOT have my permission to republish or share this idea.
You DO NOT have my permission to use this idea as a trade or financial advice.