We are finishing last impulse wave of complex (double zigzag) 10 months correction. This corrected 6 months impulse move up. Which was either wave 1 or wave 3. Nonetheless over next six months we will make new ATH in either wave 3 or wave 5.
BTC is making new highs in an impulsive move. It has some more room to run, but after that we can expect few months long correction which is a perfect time for ETH bull market.
Interesting times.
BTC is making new highs in an impulsive move. It has some more room to run, but after that we can expect few months long correction which is a perfect time for ETH bull market.
Interesting times.
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On the other hand, is this possible that the second biggest cryptocurrency would be worth around 14-15% of the biggest?
I think so.
I think so.
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I would expect bottom around 0.006-0.007.
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Seems like the bear market is over.
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Additional analysis:
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We're either in wave 2 of new bull trend or wave 5 of old bear market.
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Going strong :)
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MOON!
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Bear market has started today, take profits, jump ships.
What are the implications?
Wave 1 return is 21x over half-a-year. Wave 3 then would have higher slope and probably return at least the same. That would put the target around 0.14! Hard to believe.
Pure speculation, nothing set in stone.