Are we looking at a raging bull count unfolding in ETH?
Greetings traders! After checking through a few different sources in the Elliott Wave community, there seems to be a line of thinking that we are on the verge of a true raging bull that will probably make this years rally seem like the entree! The general line of thinking is that we had topped out in the 3rd wave, but most people were at a bit of a loss to put together a convincing picture on how to label a possible 4th wave. Most agreed that the pattern the market was showing didn't look right.
Well, now it looks like there is a growing chance it wasn't and what we are seeing is the openings of another impulse that is set to take us much, much higher!. We can make the case for a smaller subwave impulse completing soon, and it potentially already has, but I believe traders should be waiting carefully now for any sign of a pullback in 3 waves because if that happens, we could see a blistering rally that takes even the most bullish crypto lover by surprise! Please keep yourself open to this count, be be aware it still has more work to do to unveil itself as the correct one
Well, now it looks like there is a growing chance it wasn't and what we are seeing is the openings of another impulse that is set to take us much, much higher!. We can make the case for a smaller subwave impulse completing soon, and it potentially already has, but I believe traders should be waiting carefully now for any sign of a pullback in 3 waves because if that happens, we could see a blistering rally that takes even the most bullish crypto lover by surprise! Please keep yourself open to this count, be be aware it still has more work to do to unveil itself as the correct one