ETH.D is in the 1:0.618 GW zone.
Currently being held up by the 1.786; If this support structure collapses, there may be a high probability that the 1:0.786 overshoot will be the next stop.
When ETH.D starts taking off and BTC.D starts collapsing, this is the start signal for alt coin season.
The trend based fib time tool suggests this reversal may happen between May and September. This is quite a large time gap so I'm favoring somewhere in the middle. It could also reverse at a sooner time, but patience is key.
Considering the time left in this market cycle, it could be some wicked waves up. But we may be right in the middle of market cycle transformation. Meaning extended/more complex corrections and extended bull run phase. Time will tell if the average 4 year market cycle is something in the past.
- Not Financial Advice -
Currently being held up by the 1.786; If this support structure collapses, there may be a high probability that the 1:0.786 overshoot will be the next stop.
When ETH.D starts taking off and BTC.D starts collapsing, this is the start signal for alt coin season.
The trend based fib time tool suggests this reversal may happen between May and September. This is quite a large time gap so I'm favoring somewhere in the middle. It could also reverse at a sooner time, but patience is key.
Considering the time left in this market cycle, it could be some wicked waves up. But we may be right in the middle of market cycle transformation. Meaning extended/more complex corrections and extended bull run phase. Time will tell if the average 4 year market cycle is something in the past.
- Not Financial Advice -
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.
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.