Hey everyone!
2023 turned out to be a great year, as expected!
2024 shaping up to follow similar footsteps.
ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.
As I was doing HTF analysis on ETH, this fractal comparison came to light.
Since I've seen it, I can't unsee it
1. Exact same ABC correction marks cycle bottom
2. 5 wave structure under bear market resistance
3. 2 rejections under bear market resistance (wave 1 & 3)
4. Fifth wave breaks bear market resistance
5. Exact same retest on 50 EMA & previous bear market resistance
Maybe the ETFs speed up the usual "halving pattern"?
This charts say 3K+ en route soon, invalidation being a break of the key!
Thanks for reading, please comment and like!
2023 turned out to be a great year, as expected!
2024 shaping up to follow similar footsteps.
ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.
As I was doing HTF analysis on ETH, this fractal comparison came to light.
Since I've seen it, I can't unsee it
1. Exact same ABC correction marks cycle bottom
2. 5 wave structure under bear market resistance
3. 2 rejections under bear market resistance (wave 1 & 3)
4. Fifth wave breaks bear market resistance
5. Exact same retest on 50 EMA & previous bear market resistance
Maybe the ETFs speed up the usual "halving pattern"?
This charts say 3K+ en route soon, invalidation being a break of the key!
Thanks for reading, please comment and like!
註釋
Needed some more confirmation?No worries, observe 2W RSI
Haven't even crossed 68 yet 👀
Follow me on twitter! twitter.com/traderview2
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Follow me on twitter! twitter.com/traderview2
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。