Markets going through a correction with potential to see wave C end between 170-175 🎯
ABC bottom looking right at this point here so I'm leaning bullish Support levels: 1. 2020 High Backtest 2. 200 Weekly EMA Backtest 3. Channel Support PA reaction
Weekly time frame trying to flip bullish. Confirmation Bull trigger over .18 to get long and target .35
Indicators are flipping Bullish here suggesting a move to $50K might be coming up next month
Weekly indicators are shifting bullish so it looks like BTC will be moving back towards previous highs
I'm counting this as the start of a wave 5 which should take ETH to new highs by end of this year
Accumulation at .05 with a bullish continuation up to new high possible after a bullish impulsive wave above .10
Support building between 2.50-3.50 and can run to $10+ over next few months
Bull run can begin on a weekly close over $1.75. I would accumulate here to target the previous high at $3
An impulsive move over .20 can create a wave of buyers pushing back to .45-.50
Signs of accumulation between .15-.20. If this bull run can push over .80 then the next Target $1.85 = major fib level
Price action suggests accumulation between $155-160. Possible bottom soon with potential to retest highs next quarter
Possible bottom being made in March and a bullish impulsive wave possible over the next quarter
Looking like a good time to load up and hold for a year or two to see a possible test of all time highs
Flight pattern for lift off to all time highs $70K+
Might be seeing a wave 2 bottom here in which case next week we could see the start of a wave 3 move higher
Getting above 40K before next month would set up potential to test 50K in March
Daily MACD crossover suggests bull trend continues with potential to test $200 by Spring