eth is setting up for a monumental move to the upside as the etfs were granted access into crypto land.
they've been accumulating behind the scenes while a large majority of the market has been panic selling due to a rise in fear, uncertainty, and doubt.
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over the last month i have decided to pivot my primary macro idea from bear to bull, due to two variables. 1. fear [when people are afraid, we become buyers] 2. market structure [we have successfully created a macro bullish nest].
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a macro bullish nest is a series of 1-2 structures in elliott wave theory which leads to a parabolic expansion to the upside. so while the common man sells his bag out of sheer fear, the institutional trader simply scoops his coin up for a bargain and awaits the mark-up phase.
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