- Ethereum is currently breaking out of the bearish descending channel after 418 days! The profits are already massive, but the good news is that we are just starting the new bull market, not ending it!
- A new all-time high on ETH is closer than everyone is expecting, so I hope your bags are full of crypto. The bull market is always the most profitable session, because the risk-to-reward ratio of trades is much higher than in the bear market.
- From the Elliott Wave perspective, the downtrend has been completed with a classic ABC zigzag corrective pattern. We have already begun a new impulse wave in June 2022!
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- The trend is your friend until the end, but the trend has changed from bearish to bullish, so for swing and intraday trades, you should look mostly for longs, not shorts!
- I expect this bull market to end in September 2025, so we have plenty of time! Be greedy until the whales dump again for the next bearish cycle.
- This is a long-term technical analysis on the weekly / 3D chart. Pullbacks on lower timeframes are possible, so follow me for more updates!
- Every bullish cycle looks different, but I look forward to this bullish price action!
- Thank you, and for more ideas, hit "Like" and "Follow"!
Comment:
85% of people are extremely negative and pessimistic, which is why the bottom is in. The majority is usually wrong, and I can see it everywhere. The more Bitcoin pumps, the more negative these people are. Also, these people already forgot about technology and the future of the crypto industry. The only thing they keep saying is FED, FOMC, interest rates, world war, economic situation, and so on. I hope Bitcoin is going to reach 30k next week 😂
Comment:
ETHBTC on the weekly chart. Very important! You cannot trade without this knowledge!
