$ETH ETH
ETHUSDT
Perp
3,010.32
+1.13%
The small level of ETH is very clear like this,
The C wave is close to consuming the 2.618 of the A wave. The rapid volume drop slashing line
The C wave is at least proportional to the A wave, with the proportional position around 3088, which is also the peak of the small level 1 wave. We entered a long position here the day before yesterday but had to cut losses. Some who didn't stop loss made mistakes, and controlling the position during the pullback can also save you. Today we came up for the first test, and after encountering resistance, it pulled back. So, the trading thoughts for intraday positions on the left and right sides are already there.
Before the C wave started at 3340, we captured a short position, during the volume drop in the early morning hours of 6-7, the only problem was not monitoring and following the plan for taking profits and stopping losses in batches, which caused the short position to miss out on the big gains.
To steadily catch a rebound to the neckline position before shorting again,
But the market often does not give such good opportunities during the C wave.
Almost the same as yesterday's prediction, it won't drop below 2850, removing the liquidity at 2888.
The market conventionally, will fluctuate back and forth on an upward walking single sawtooth adjustment
It won't allow for a long time period for composite adjustments, the time period does not permit it.
Next, we will see if a second deep sea crab forms, and then reach a new high, starting a large level C wave.
Large level A wave time: 89 days
Large level B wave time: 62 days (In terms of time and proportion from the shape, there isn't much time left in the current process, B, as a rebound wave, must last less than the A wave)
Let’s mention a verification of the time cycle: 89*0.2=18 (days) / 89*0.618=55 (days)
The first peak of the adjustment starting from 2620 is at 18 days here
The second peak of the adjustment starting from 2620 is also at 55 days here
(Like 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.)
89 d
