Looks like we have to have some correction in (iv) wave followed by final (v) capitulation to 2-3k area. This would be a great buying opportunity
But in the same time another count exists showing that the bottom is already in.
Loooks like (a) wave of 4 correction is finished.
Will be selling into (b) wave about 30% of my EOS holdings to reduce risk. And rebuy at 12...14 area (lower degree 4 and .5 to .62 fibo zones)
Alt: could also be 4 already finished. This will be confirmed with new ATH and impulse structure. In this case I would rebuy at first correction after ATH is in...
wave IV could be a triangle. In this case we have bottomed at 5800 ( A) and once again at 6400 today (C)
or wave IV could be a zigzag. In this case we started wave (C) which could take us to 5K at .23 fibo or 3K at .14 fibo.
No one knows what will play out. But HODLERs will get their 30K (or even 100K) because wave V WILL COME. Someday.
My drawdown now is about...
As usual we will have a bunch of triangles which will advice us which wave count is more probable. There are a lot of bull & bear counts now. Probably going 70% into fiat at 9200-10300 range is not so bad idea.
Probably ((4)) is in. But no one could be sure.
(4) lower degree is at 3K. So after rebound (which could be either wave (1) of ((5)) or just wave (B) of ((4))) there always will be two possibilities:
a) Drop to 3K (probably with whole stock market in global crisis) and then slowly growing to 100K (probably after 2022)
b) grow to 100K without dropping to 3K. This...
1. Bounce from lower downchannel trendline on volume
2. ABC correction with C wave consisting of 5 waves
3. At 0.145 fibo of wave 3 of (5) of ((3))
4. At 0.382 fibo of whole wave ((3)) so far
We either start wave 5 of (5) of ((3)) immediately, or we should treat wave ((3)) finished at 19K and wave ((4)) is in progress which could take us as low as wave (4) at...