les merge | $eth $19k retest
Updated
macro count is a little easier to see on eth.
similar to btc, eth showing 5 down wave A, so we should look for a wave b retest, followed by 5 more waves down.
what's compelling about this play is it times up with a 'sell the news' type merge event.
additional confluence, if we get $1900, a move to get us to our wave c zone would be equal to wave A.
where eth is a little different than other charts atm is it's q3 vwap is actually at the low, when btc and others is closer to the top of this move, adding confluence for a revisit of the lows.
similar to btc, eth showing 5 down wave A, so we should look for a wave b retest, followed by 5 more waves down.
what's compelling about this play is it times up with a 'sell the news' type merge event.
additional confluence, if we get $1900, a move to get us to our wave c zone would be equal to wave A.
where eth is a little different than other charts atm is it's q3 vwap is actually at the low, when btc and others is closer to the top of this move, adding confluence for a revisit of the lows.
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