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


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


The Great Bear Case

The gamma squeeze, “cubic function” look to the last rally has given me great pause. I have spent a good deal of time thinking about it. I have shared my basic conclusions about it with you already, namely, that it may very well turn out to have been a finishing move, rather than a beginning move (I’ve discussed that here, for instance). But I am now increasingly concerned (excited?) that it may have been the finishing move.

And in fact, in answer to the question “Why on Earth did we go up like that?” I think the answer is essentially this: I think that was the total, utter, final capitulation of the bears.

I am going to run through a whole bunch of things in this article, just laying out pieces of evidence and observations. It is not my intention to sell you on the bear case; rather it’s a truth-telling expedition, in my opinion. I believe strongly in the bear case here, and I will share what I believe is the truth of the market. But it’s not my intention to persuade you, rather, to express what I feel is true.

Read more “The Great Bear Case”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


Here’s a Short-Term $ETH Call for the Plebs

Inverse targets the orange box.

ETH

Read more “Here’s a Short-Term $ETH Call for the Plebs”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


$BTC and $ETH Dump Was the Sweet Spot, New Targets

After bungling the suspected bull flags here and here, I think my instinct was right, but the structures involved larger than I was expecting. That said, the liquidation dumps we just got on both fell right into wave 2 ranges and formed better-looking bull wedges.

$BTC target:

BTC

Read more “$BTC and $ETH Dump Was the Sweet Spot, New Targets”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.