ETH this time runs similar to the 2017 bull run with a month earlier in the monthly cycle. Expects a correction in May and it may last for a few months. The good news is it's not the cycle Top yet. ;-)
Exactly what I think and trade already for many months:) Waiting for correction and 5th wave to Oct-Nov. The only what concerns me is that it looks so simple. I trade for more than 15 years and my experience tells me that market does not like simple repeating patterns and always have some tricks. In our case waves are lengthening clearly and at the same time run only 1-2 months earlier vs 2017. They cannot do both things at the same time. There is a trick somewhere...
swaydanmohamad
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@sorlov that means we won't see that correction? Sorry my english is not so good
ghost_in_the_shell
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@sorlov, you're seeing the longer time frame wave count already being in 5? I see a longer wave cycle having started in April last year ( technically Dec 2019 but got interrupted by Covid ), and a shorter wave cycle starting end of Feb this year, both cycles according to my count being in wave 5 now and approaching a top. The trick so far is that the momentum has really been unexpected and underestimated and I am not sure anymore what to make of it - the timing of a wave top before a overdue correction.