After the first corrective wave down, there almost always follows a second wave down unless the C wave failed. A failed C wave is possible but kinda rare.
This is why I expect to see a bulltrap in ETH followed by a second wave down.
I only think in waves and patterns when i see a chart. You might think this to be crazy, but i honestly don't really care, because it has earned me some nice profits in the past. EW can't predict the future, but it gives me a really good indication when the correction might be over. I don't see that to be the case for ETH yet.
I provide Trading ideas using EW and Pattern analysis. I am not responsible for any of your losses. Please trade responsibly.
Tell me what you think...
Have a nice day :-)