$ETH
The small level of ETH is very clear like this
C wave is close to consuming A wave's 2.618 Rapid volume drop slashing line
C wave is at least a ratio of A wave, the ratio position is around 3088, and it is also the peak of the small level 1 wave. We entered a long position two days ago at this position, but it was stopped out. Those who didn't stop loss made a mistake; controlling your position and the pullback can still save you. Today we are here for the first test, and we started to encounter resistance and are pulling back, so the trading idea for both the left side and right side during the day is now formed.
Before the C wave started at 3340, we caught a short position. Before the volume drop, at around 6-7 AM, the only issue was that we didn't monitor the market and follow the plan to take profits and stop losses in batches, resulting in not capturing the big move on the short position.
I want to steadily catch a rebound to the neck line before going short again,but the market often doesn't give such good opportunities during the C wave.Just like the prediction yesterday, it will not break below 2850, and the liquidity at 2888 will be removed.Following the market convention, it will oscillate back and forth, trending slightly upward with a sawtooth adjustment and repair.
It won't allow for a long time period for compound adjustments, the time frame does not permit it.
We will see if a second deep sea crab forms, then moves to a new high, starting the large-scale C wave.
Large-scale A wave duration: 89 days
Large-scale B wave duration: 62 days (In terms of pattern time and ratio, there is not much time left in the current progress, B as a rebound wave must be shorter than A wave)Let’s also talk about the verification of a time cycle: 89*0.2=18(days) / 89*0.618=55(days)
The second peak of the adjustment starting from 2620 is also here at 55 days
(Like 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.)
89 days is also the most important turning point day in the time cycle 55 days is the most important turning point day in the time cycle