Because wave-C reached half the time of A+B, and because it seems that we have had a sufficient bullish reaction to begin either a wave-D, or a higher degree wave-(b), we should be beginning a 6-12 month bull run that could take us close to or beyond the previous all-time-high price. This is confirmed by the momentum and by looking at several other cryptocurrencies which are displaying similar bullish patterns. At this point it seems best to switch from a neutral-bullish position to a bullish position.
Note
This forecast from May has held up very well price and structure-wise. Time-wise we seem to have completed faster than originally forecasted.
Moved this idea to the above chart.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.