A member has requested an update on $ETH. Better than I able to do with Bitcoin (here), Ethereum is much easier to count as a whole, single triangle for minor degree—the green B up there. If that’s the case, then perhaps this will be done with its correction sooner, rather than later.
And this raises an interesting question: just how far off can these be from each other? Usually not that much. I can make this count also work for Bitcoin, but it looks more forced there than it does here.
So here’s what we should do: I would suggest that these are now competing crypto counts. I will watch them both closely from here to see which one works best for both of them. If green B is already in, then it would suggest that the big pink B I am looking for in equities may also already be in, so it’s important to get this right. Stay tuned, I will try to keep a close eye on these.
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Legend…thank you!!
You’re most welcome
Dereck, still valid ?
Strictly speaking, yes, but it’s also possible that another low is required. I’m a little torn on the markets here until we see a sustained rally across the board.