Market analysis based on ETH and BTC pairs. While bitcoin is flat, it is quite difficult to understand something there. However, the ETH showed the dynamics of the fall and everything is more clear. We have the right to assess the market with the ETH. The ETH shows that the bottom was August 29. Then formed a double bottom Eve +Adam. The level of double bottom mining is still virgin, because there was no closure above it. There is consolidation below the breakout level and this is a good sign. Projecting the end date of the correction on bitcoin, we get the WXY model and since August 29, a new upward wave has already begun. The time cycle of correction fits into the date of August 29. This is the minimum required time, which I already wrote (192\3=64).
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.