Hello traders and enthusiasts !
I am "The Real Johny Button", legendary trader from wall street and the Gold 0.25% mans Sack here to express my opinion today ! Lets dive into the scenarios lining up for the entire market & ETH:
Well this pump across the market is coming to a short conclusion in the near future. We have reach Elliott wave 4, and pushed out a 5 across coins in the market...and ETH is one of those majors in the market that has made the break out to complete this move.
Market cap has entered the 450b level. This to me is close to the peak at this point, good things dont last for ever and we have been going up for a month now. The charts say it all across the board...to enter the market now is a gamble. Will you make a trade and pull a wave 5 move, maybe....will you pull a double top and shutdown...maybe...its a gamble now.
XMR has already pulled down into a correction. I class XMR as a major alt, and this tells me some actions have already started. And ETH now coming close to its last run for the medal, tells me to look what could be on the horizon.
So i see a possible H & S pattern in the future as a scenario. It could just keep rocketing still for all i know ! But experience has told me after 3 pumps, we have a dump. And a left should holds a strong support level.
Why wont it fall to the ground and hit all time lows...because the vibe in the market is positive again. We weathered the storm people. Congratulations ! now the media has new stories, and buzz words. And now the next time they post a headline about crypto again, it will be because the market is going to the moon again !
So this is a future move article, whats your thoughts?
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
Regards,
Johny Button
I am "The Real Johny Button", legendary trader from wall street and the Gold 0.25% mans Sack here to express my opinion today ! Lets dive into the scenarios lining up for the entire market & ETH:
Well this pump across the market is coming to a short conclusion in the near future. We have reach Elliott wave 4, and pushed out a 5 across coins in the market...and ETH is one of those majors in the market that has made the break out to complete this move.
Market cap has entered the 450b level. This to me is close to the peak at this point, good things dont last for ever and we have been going up for a month now. The charts say it all across the board...to enter the market now is a gamble. Will you make a trade and pull a wave 5 move, maybe....will you pull a double top and shutdown...maybe...its a gamble now.
XMR has already pulled down into a correction. I class XMR as a major alt, and this tells me some actions have already started. And ETH now coming close to its last run for the medal, tells me to look what could be on the horizon.
So i see a possible H & S pattern in the future as a scenario. It could just keep rocketing still for all i know ! But experience has told me after 3 pumps, we have a dump. And a left should holds a strong support level.
Why wont it fall to the ground and hit all time lows...because the vibe in the market is positive again. We weathered the storm people. Congratulations ! now the media has new stories, and buzz words. And now the next time they post a headline about crypto again, it will be because the market is going to the moon again !
So this is a future move article, whats your thoughts?
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
Regards,
Johny Button
Comment:
We have a break down!
Still watching this play out. Market cap under 400b now....thats good news for this story so far
Still watching this play out. Market cap under 400b now....thats good news for this story so far
If it breaks this than it will fall, but who knows at this point. I will only consider a trade on this if we hit the bottom of a right shoulder.
There are great trades forming across the market, lets just wait and see how they all pan out. It is early...