I'm DCAing around this level and going long $ETH and broader crypto. Not advice, just my read.
Bullish divergence after what looks like a clean, completed ABC correction — that's enough structure for me to act. The wave count lines up, momentum's turning, and we've got the classic setup: price makes a lower low while indicators refuse to confirm it.
This is textbook Elliott Wave stuff. ABC corrections end, divergence confirms the turn, and the next impulse wave starts. I've seen this pattern enough times to trust it when the structure's clean.
Staying disciplined. Levels are marked, stops are in. If I'm wrong, I'm out clean. If I'm right, we're catching the start of the next leg up.
Long-term conviction on crypto hasn't changed. Short-term, the chart's giving me what I need to see.
Bullish divergence after what looks like a clean, completed ABC correction — that's enough structure for me to act. The wave count lines up, momentum's turning, and we've got the classic setup: price makes a lower low while indicators refuse to confirm it.
This is textbook Elliott Wave stuff. ABC corrections end, divergence confirms the turn, and the next impulse wave starts. I've seen this pattern enough times to trust it when the structure's clean.
Staying disciplined. Levels are marked, stops are in. If I'm wrong, I'm out clean. If I'm right, we're catching the start of the next leg up.
Long-term conviction on crypto hasn't changed. Short-term, the chart's giving me what I need to see.