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CryptoBullet CryptoBullet @cryptobullet · 67.7K subscribers
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CryptoBullet $ETH Monthly chart | Macro Perspective I believe this mid-term correction is over. We took out the Aug-Oct 2023 lows, printed a giant reversal candle and held the mid line of the Channel The bottom is in and we're gonna have a good mid-term bounce 📈 This…
$ETH Monthly chart | Macro Perspective UPDATE

So, we've got a good mid-term bounce exactly as I expected 👌

and looks like we’ve invalidated the bearish scenario (Wave Y to $700) by breaking above the red Rejection Zone 📈

We can’t ignore this strength. This doesn’t look like a Dead Cat Bounce

Now we have to wait for the monthly close to confirm the bullish bias for the rest of the year 🐂
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