ETH - Breaking Out Into Phase 2 of The Path To Altseason

20 ต.ค.

Ethereum is closing a very strong week here and as I have already covered with my clients now appears to be in prime position to begin its period of market dominance known as:

"Phase 2" of the "Path To Altseaon."

Notice that ETH.D is just below the June low and so this is an area of higher liquidity ripe for a reversal.

Also it is in a 1:1 Golden Window from the thrust candle top of distribution, which further increases the chance of a reversal.

And that appears to complete a long term 3 wave correction.



...

So far ETH hasn't performed as strongly as in previous market cycles...

But even with the wild selling climax of August, it only retraced back to the log 0.382 ratio.

That is a shallow and bullish ratio.

Notice also that it tidily wicked into support and the demand line, but never threatened to break through.

Those were ideal buy points.

And the strong recoveries from these areas were a show of strength.

So now comes the best buy point with momentum because this is an extremely strong weekly close in a few minutes.

Its been a very sleepy phase but that's about to change in a hurry.

Up and up from here 👨‍🚀🚀.

Not advice.

20 ต.ค.

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23 ต.ค.

บันทึกช่วยจำ

ETH is slumping as part of an all market correction. Note S&P Gold also dumping today. It won't make any difference in the end.