Looking at wave oscillator indicator price pattern seems to be in wide formation with price hitting the bottom trendline at exactly 78.6% of the previous move. Whereas, the last Mega move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.
if history repeat itself this may be a good sign for potential price reversal to the upside.
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Here is my trading plan towards this pattern. Looking to Buy around 6200-6260 area with tight stop loss below the support.
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Market on the side of bulls. If think that the biggest bitcoin holders and Ethereum are the IMF and the treasury of many developed countries, and they tell us from the TV that it is a bubble, I find it funny to hear such statements :). About ETH, I think he is just waiting for the plasma.