Capitulation Phase of Crypto Bubble

BITFINEX:ETHUSD   Ethereum / Dollar
The downtrend is not over. Next two levels of support in blue.
The 5th of the C of the Macro A is in. No chance it's going under $550. $420 is the high of the 1st wave, won't be violated if this is the Macro 4th wave overall. 5th wave of the overal upward trending wave set is incoming when Macro corrections finish in late April.
+1 Antworten
@FUTUREBOYCOLIN, you might be right but there is definitely a chance it goes under $550 and I think it's a more likely possibility than it already bottoming
@tuckerrk, What makes you think that is more likely?
@FUTUREBOYCOLIN, for me, until it breaks the downtrend it hasn't made a bull case yet. I'll start switching my stance when it breaks out of this channel or breaks solidly above 20 day moving average. That might mean giving up some gains at the bottom but I won't be catching knives
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