Member Request: A Look at $ETH

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.

ES


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