I’m not very good at counting Elliott Waves, and I never rely on them, but I will say that the market always moves roughly according to this kind of structure. You can look at the Bitcoin chart and see it for yourself. The problem, as always, is deciding which timeframe to look at, but this is roughly what the structure looks like.

I’m saying this because we don’t know the length of each wave — neither in terms of timing nor size — and every asset will have its own structure.

Now, whether you like it or not, on many altcoins, most people have already missed the bottom of the first initial wave. They will probably miss the second wave as well, and most will start jumping in toward the end of the third wave.

Look at many altcoins right now and watch what happens in October/November. The first wave will most likely be completed, followed by a correction.

Your task is not to rush. Clearly define your personal zones of interest — and not only for entry, but also for exit.

Know exactly where you are personally ready — mentally, emotionally, and financially — to take profits and walk away without constantly worrying about what happens next with that altcoin. $ETH