I still believe Ethereum will correct sharply for a few weeks but I reconfigured my drawings and adjusted my correction estimate.
I have a potential top at $2200
Then I have decent support/ potential bottom in the high $1400's
I now have $1280 as a potential bottom instead of $850-900
I admit it's possible I'm not bullish enough but 3-5 week price consolidations with a 40% crash are not unusual in crypto bull markets and I wouldn't panic if it happens, I would buy more.
The more you look at crypto charts from previous cycles/runs the more you slap yourself for not recognizing and trading identical pattern repetitions, so I have learned to look for history repeating.
I have a potential top at $2200
Then I have decent support/ potential bottom in the high $1400's
I now have $1280 as a potential bottom instead of $850-900
I admit it's possible I'm not bullish enough but 3-5 week price consolidations with a 40% crash are not unusual in crypto bull markets and I wouldn't panic if it happens, I would buy more.
The more you look at crypto charts from previous cycles/runs the more you slap yourself for not recognizing and trading identical pattern repetitions, so I have learned to look for history repeating.
