The Long Investor

$ETH

Added 2024-03-19 14:12:25 +0000 UTC

Big aggressive drop now from $4025 to $3200, so needless to say we are happy that we got out when we did (although slightly early) but the aggressive run, especially going higher than the 1.618 Fib just did not set right with me, it aggressively ran higher, so an aggressive run down was likely to follow

This is why we need to keep disciplined with our strategy, even if it means losing some remaining gains, if the set up becomes high risk, conserve the capital.

This Wave 4 is very sharp now and I am struggling to see an ABC pull back, it appears to be just one wave right now, so we need to see a bounce and then a second pull back for this to qualify as Wave 4 for me.

The 50 Day MA is also exactly at the 0.38 Fib which always amazes me to see this coincidence.