dudebruhwhoa

ETH / BTC - 3rd Time is the Charm

Long
POLONIEX:ETHBTC   Ethereum / Bitcoin
Can we do it 3 times in a row? Let's see, ideas directly on the chart, see similarities in RSI and MACD as well.

Target - previous high on Daily as displayed, then 0.061 btc .

More evidence, as evidenced by BTC dominance weekly:

Comment: Bearish scenario to "bear" in mind:

- there's also a potential head and shoulders pattern here, if we cross and hold below 0.0305 or so we could see a significant drop instead
Comment: Alternative bearish idea is linked below in related ideas: Update: Bearish then Bullish Repeating Pattern Idea (honestly, both of these things could happen before revisiting old highs, as the bearish idea is a monthly chart vs. this being a more near term consideration).

We show a medium bullish divergence with RSI and MACD trending up and price going sideways. The same thing happened the previous two times it did this, the first time could've also been considered a strong bullish divergence however.
Comment: If this is going to happen, it'll happen soon, we're forming a mini-W within the right side of the main W here:

Comment: If we don't get a spike up soon and head down instead, this is my plan B:

Comment: Possible that this is finally occuring, got dragged out longer which gives it a higher chance of a higher move:
Trade closed: target reached: 0.061 reached

Comments

Keep it coming!
+1 Reply
dudebruhwhoa omgAliens
@omgAliens, still waiting for the real jump or dump and then jump, we'll see. Thanks again!
Reply
Nice work.
+1 Reply
dudebruhwhoa omgAliens
@omgAliens, thanks, still remains to be seen, we'll see soon though i imagine
Reply
++
Nice
+1 Reply
dudebruhwhoa Henry_Ross
@Henry_Ross, Thank you ++
Reply
Thank you so much for your support! Please comment with your critiques or ideas below, cheers! :)
Reply
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