We are finishing last impulse wave of complex (double zigzag) 10 months correction. This corrected 6 months impulse move up. Which was either wave 1 or wave 3. Nonetheless over next six months we will make new ATH in either wave 3 or wave 5.
BTC is making new highs in an impulsive move. It has some more room to run, but after that we can expect few months long correction which is a perfect time for ETH bull market.
Interesting times.
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Given that we've corrected over 70% I believe we are in 2nd wave correction (who knows...). What are the implications? Wave 1 return is 21x over half-a-year. Wave 3 then would have higher slope and probably return at least the same. That would put the target around 0.14! Hard to believe.
Pure speculation, nothing set in stone.
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On the other hand, is this possible that the second biggest cryptocurrency would be worth around 14-15% of the biggest? I think so.
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I would expect bottom around 0.006-0.007.
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Seems like the bear market is over.
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Additional analysis:
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We're either in wave 2 of new bull trend or wave 5 of old bear market.
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Going strong :)
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MOON!
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Bear market has started today, take profits, jump ships.