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ETH Bottoming Out

Long
KRAKEN:ETHUSD   Ethereum
Going into the correction, I was expecting a deep 4 correction, but at this point it looks like a 2 and it might even be an A wave of the 2 that we are putting in, BUT by the looks of the ETH/BTC pair that is putting in a ascending triangle pattern, seems like we may be looking for a wave 3 off of the low we should be putting in, in the next 2~4 days. The golden pocket of the entire wave one move coincides with the parallel channel we are currently moving in and the degree of move of about 10% down seems to coincide with BTC's move down to its .500 fib level of the whole move. Assuming ETH/BTC will move sideways mostly, the confluence of this zone seems to be almost too perfect. I can also see a panic sell wick to the .786 level for ETH and .618 level for BTC only to be bought back up instantly, but for a show of strength in the next move, I would bet that the respective fib zones hold. I also believe that ETH will move quicker for the 3rd wave and more explosive than BTC while BTC puts in a 1-2 1-2 1-2 ascending triangle pattern while ETH moves up parabolically to coincide with ETH/BTC pair bottom and starting to make a bullish move up. This should signal a lot of reversals for a lot of ALTs that have bled to their previous ATL or at their ATL. This should give us about 2~3 months of relief for the ALTs before BTCs parabolic move up before the Halving.

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