I count 5 waves up and only reasonable to expect an ABC correction, and with bitcoin dominance falling off, I expect major market cap alts to get some of that dominance. For now I am long ETH w/ a target of $257 which would be that 38.2. It makes sense sense we have already retraced to 61.8 of this 5 wave impulse and with volume steadily showing sellers losing interest. I do expect lower prices after 257, so I will sit in fiat after target is hit with no risk of shorting. By that time I think bitcoin dominance will be ready to gain some strength.
This is not financial advise. Good luck everyone. Remember, price does not have to do anything, so protect yourself accordingly.
This is not financial advise. Good luck everyone. Remember, price does not have to do anything, so protect yourself accordingly.