ETHBTC Might Be At Its Point Of Reversal! Here's Why:
ETHBTC might have bottomed out.
Summary/TLDR;
ETHBTC is forming a longterm Head & Shoulders pattern indicating bullish reversal.
A bullflag was formed which price broke to the upside.
Price is currently retesting this bull flag on lower timeframes.
Earlier a triangular breakout to the upside happened indicating bulls are in control.
ETHBTC in logarithmic perspective shows a possible logarithmic breakout happening soon. (See below)
Strong trend indicating upwards price movement.
If this doesn't scream bullish reversal in technical analysis means, I don't know what will!
More detailed
ETHBTC has been in a bearish market for a very long time since the beginning of 2018.
Multiple indications are leading to the very start off a bullrun.
BTC losing dominance and pace might be hinting at the start of altseason.
Price needs to break Target 1 and retest this level to confirm the H&S pattern, this would be the best bullish scenario.
Here you can see price is testing the bull flag very well on 4H TF:
Here you can see my analysis on a possible huge logarithmic breakout coming up on ETHBTC:
BTCUSD might start to correct soon since a Head & Shoulders pattern is becoming more visible:
Pattern not yet valid until close under neckline!
Summary/TLDR;
ETHBTC is forming a longterm Head & Shoulders pattern indicating bullish reversal.
A bullflag was formed which price broke to the upside.
Price is currently retesting this bull flag on lower timeframes.
Earlier a triangular breakout to the upside happened indicating bulls are in control.
ETHBTC in logarithmic perspective shows a possible logarithmic breakout happening soon. (See below)
Strong trend indicating upwards price movement.
If this doesn't scream bullish reversal in technical analysis means, I don't know what will!
More detailed
ETHBTC has been in a bearish market for a very long time since the beginning of 2018.
Multiple indications are leading to the very start off a bullrun.
BTC losing dominance and pace might be hinting at the start of altseason.
Price needs to break Target 1 and retest this level to confirm the H&S pattern, this would be the best bullish scenario.
Here you can see price is testing the bull flag very well on 4H TF:
Comment:
Okay, look. Apparently some people here on TradingView start to trip off a damn chart I posted?? (Atleast this is what I think and that it's correlated to the recent series of events?? lol.) I been thinking bout this alot and as the person I naturally am, I really want to clear out any misconception arrouuund the subject, mkay? So here's the thing right, I'll explain very briefly here for a minute to you what happened to resolve any issues, mkay? I posted a chart of BTC dropping 30% on Sunday night indicating that it would be a perfect time to buy for the longterm so you can become the filthy millionaire you want to become, don't you? But I had yet to finish this chart. Later BTC had different intentions and started doing things I didn't like so I quickly changed my mind arrrouuuund the subject and deleted the chart, mkay? So with this said I hope we can all sleep well without feeling bad about posting a damn chart??? Well atleast I will. Misunderstandings do happen and I'm really glad we dissected the subject here, like I'm really glad I did. Like this was really needed. This is so important. Case closed, problem solved. Have a great day.
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So this comment really going to stay here forever
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That's crazy
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ETHBTC is looking very good in the short term on 4H TF! (Chart is a little messy because it's a multiple timeframe analysis):
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ETHBTC looking pretty bullish if you ask me:
