The most bullish crypto
I've compared the recent 4 wave points to the counter trend line and eth is the farthest above it.
I think this makes eth the most bullish of all even though I expect it to have trouble getting past $200.
I do expect it to retrace maybe to the $165 area but I'm probably not going to bother trading that because there's also a high chance that cryptos as a whole will start shooting upward and leave everyone in the dust.
So the point of this chart for me is to provide a way measure what the expected adverse volatility might be so that I can avoid selling my way out of a position that I've accumulated at what is potentially the bottom of a very large bull market.
If I add funds to my crypto account I might add more eth at the C point but I'm definitely not selling at 5 to buy back in at C.
The time to HODL has come!
I think this makes eth the most bullish of all even though I expect it to have trouble getting past $200.
I do expect it to retrace maybe to the $165 area but I'm probably not going to bother trading that because there's also a high chance that cryptos as a whole will start shooting upward and leave everyone in the dust.
So the point of this chart for me is to provide a way measure what the expected adverse volatility might be so that I can avoid selling my way out of a position that I've accumulated at what is potentially the bottom of a very large bull market.
If I add funds to my crypto account I might add more eth at the C point but I'm definitely not selling at 5 to buy back in at C.
The time to HODL has come!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.