BishUK
Long

ETH/USDT - The Longer Term Out Look

BINANCE:ETHUSDT   Ethereum / TetherUS
I couldn't help but notice a nice potential 1/2 on the higher time frame. This makes all the sense in the world if we are heading into the next bull market for crypto, which i do believe we are.
Currently it looks like we are working on wave 1 of the 3rd so i would be expecting a pullback any time now to between the .50 and .618 fib of the wave 1 of 3.
This would be a good place to start picking up some long term bags for anyone looking to take a long term position in ETH. one way to go about that for those less technically oriented, would be to begin dollar cost averaging into the next decent pullback, with a stop below the swing low at the (c) wave.

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I’d love some reputation points I can’t communicate with now one good work my friend
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BishUK Cryptocrewe
@Cryptocrewe, thanks, glad to help
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Yeah I agree. I see a wave ii retracement there too.
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BishUK Roly_uk
@Roly_uk, Hey Roly how you been?
Yeah I'm liking the way this is shaping up. i'll also be watching to see if we get the 4th retest the top of the channel for a good place to add, but we will see.
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