Want to share my vison of last year "choppy" price action on ETHUSDT according to EW theory
Generally I am super bullish on both BTC and ETH but always keeping in mind diferent scenarious. I am even more bullish on ETH then BTC because of ETHBTC chart EW structure.
Lets go step by step:
Wave 1 - clear 5 Wave 2 - clear WXY with irregular flat in X
After we again had clear 5 wave up structure and I mark it as 1 of 3 Wave 2 of 3 - clear corrective move as for me. It finished between 50-61,8 FIBO levels
So, IMHO we are ahead of powerful wave 3 of 3 and then 4 and 5 of 3
Invalidation level 1535
Trade safe and remember that risk management should be on the first place.
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