Petros

ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - irregular wave B

KRAKEN:ETHXBT   ETHXBT
385 2 2
Looks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
phlogistax
7 months ago
This post is a bit old at this point? But how do you think it plays into the current picture? I'm considering that the last swing low was not the completion of wave C but rather this recent pump is the B wave of the corrective pattern. You seem adept at EWT, appreciate your feedback.
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Petros PRO phlogistax
7 months ago
Hi. Have you got any thougths to support the ide that this is NOT the end of wave IV and the beginning of wave V? Wave C fullfilled all the requirements to consider it complete in my opinion.

ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - wave V target
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