Update $ETH
– The Small Frame
🔹 The price structure on the small frame is clear
🔹 Wave C is approaching the consumption of 2.618 of Wave A
🔹 A rapid drop in volume is evident
📍 Level 3088 is very important
(The proportion of A with C + the peak of wave 1 on the small frame)
We entered a buy position here two days ago but were stopped out
Not adhering to the SL was a mistake
Managing the position during the correction was enough for protection
Today we had the first test
After touching the resistance, the price pulled back
Intraday trading ideas left and right are clear
⛔ Before the start of Wave C at 3340, a sell position was captured
During the drop in volume of the 6–7
Not adhering to take profit and stop-loss levels
Wasted the big move
📈 The best plan: Wait for a solid rebound to the neckline
Then look for a new sell
But usually, Wave C does not provide ideal opportunities
❌ 2850 will not be broken
Liquidity was only pulled at 2888
📊 The market usually: moves with an ascending single sawtooth correction
And does not allow for long complex corrections
Time does not support that
We are currently watching: 🦀 The formation of the Second Deep Sea Crab
Then recording a new peak
And the beginning of Wave C on the large frame
⏳ Time Cycle:
Wave A: 89 days
Wave B: 62 days (must be shorter than A)
Important change points: 📌 18 days
📌 55 days
🚀 The big Wave C: has not started with the distance #ETHETFsApproved #MarketSentimentToday #TodayMarketAlert