THE BOTTOM IS IN!! Crypto Bottoms ETHUSD 4 HR

I originally posted this setup on Oct. 30 (linked). It took FOREVER to reach the anticipated reversal zone but today's capitulation sell-off finally completed this wave. I can only imagine how negative sentiment is today on social media and such, so the mood and despair for the bulls also creates good conditions for a major bottom here.

Note to self: sideways choppy conditions require extreme patience for targets to be hit.

Just two points, the 228.08 swing high (Sept. 15) and 206.14 midpoint (circled, Sept. 17) predicted the reversal that occurred today!

Commentaire:

Premature call for a final bottom... the downdraft continues, please see my longer term ETHUSD idea calling for a test of $100.