ETHUSDT: Medium Term Wave Levels
In today's review, I present to you my trading plan for Ethereum.
I don't like WXY models and truncations in corrective waves, but it's almost impossible to work and trace the possible logic of price behavior otherwise.
Criticism from the outside is almost inappropriate, because. I am not trying to prove anything, but simply sharing my plans for the near future, which may help to understand my actions.
In general, the structure of Ethereum wave levels is similar to the wave structure on bitcoin. In both cases, I am considering the formation of a large wave 4, after which the price may, with a high probability, go to new historical lows.
What drivers can serve for such dynamics?
So far, it's hard to predict.
However, they may appear later, when the price will be already in a downward momentum.
Do I consider a scenario with continued growth in the current market structure?
Definitely - Yes.
But, this can be determined by the fact of the formation of bullish patterns of continuation of the trend.
Now I am guided by dry facts, price dynamics, trading volume and the general structure of prices in the crypto derivatives market.
I will consider going short Ethereum at the end of wave 5 of wave C (in wave 4).
Good luck planning good trades)
Best Regards,
CEO Tornado Capital
I don't like WXY models and truncations in corrective waves, but it's almost impossible to work and trace the possible logic of price behavior otherwise.
Criticism from the outside is almost inappropriate, because. I am not trying to prove anything, but simply sharing my plans for the near future, which may help to understand my actions.
In general, the structure of Ethereum wave levels is similar to the wave structure on bitcoin. In both cases, I am considering the formation of a large wave 4, after which the price may, with a high probability, go to new historical lows.
What drivers can serve for such dynamics?
So far, it's hard to predict.
However, they may appear later, when the price will be already in a downward momentum.
Do I consider a scenario with continued growth in the current market structure?
Definitely - Yes.
But, this can be determined by the fact of the formation of bullish patterns of continuation of the trend.
Now I am guided by dry facts, price dynamics, trading volume and the general structure of prices in the crypto derivatives market.
I will consider going short Ethereum at the end of wave 5 of wave C (in wave 4).
Good luck planning good trades)
Best Regards,
CEO Tornado Capital
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