#btc #eth

Brothers! Have you all been numb these past two days~ Does everyone feel that shorting prices is too low, and going long is too risky? Let's review the recent trends. First, let's look at the first chart, which is a 4-hour chart. Ignore the black swan's spike. The big coin has been falling since 126,000, moving in three waves. The 1st and 3rd waves (main upward/downward) are basically the same amplitude, and we don't need to worry about the 2nd wave, which is a correction wave. So if we follow this pattern, we are currently in the 3rd wave, which is the main downward wave. Based on the assumption that the decline is the same as the 1st wave, the bottom would be around 101,200.
Now let's look at the second picture. If we merge each small third wave, we will form a large third wave (red arrow line). The first main downward wave dropped by 20,000 points from 126,000, and then retraced by 13,000 points. So now we are in the third wave of the large third wave, which is the main downward wave. Assuming the same amplitude, this time it will also be 20,000 points, so the bottom will be around 96,500.
Of course, there is one last scenario, which is currently oscillating in a wide range between 116500 and 103500 (Figure 3). To confirm this, we need to see if 1035000 will break down; if it doesn't break down and rebounds, then the main downward trend of the Sanlang structure will be disrupted, and we can look for long positions; otherwise, we will look for short positions.
Good luck, brothers!