How do you come to conclusion that wave 1 is wave 1 in that cycle? I'm new to this thanks.
RICHMONSTOCK
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@Jcueva93, well it's about the fib level price structure a fundamental analysis.
the thing is etherum is way to undervalue compare to is full potential and it's correlation with btc.
also we had a crazy positive view over the market that save the potential bearish moves.
the global struture of btc, momentum and volume. with the whales keep adding to there portfolio and the ongoing mining activities going up.
this is a conservative bullish perspective.
also wave counting is my hedge i always gave been profitable introducing them to my market forecast. exept for stocks were i would highly suggest to go for quantitative analysis to prevent any bad position
Jcueva93
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@RICHMONSTOCK, I actually just read the fib comment indicating first wave lol appreciate the explanation. Definitely feeling like wave counting is going to be my preferred way of analyzing and just recently starting to really try and understand fundamentals of fibonacci levels so your perspective really resonated with me. Lots of variables to try and calculate for sure always making certain indicators or patterns useless.