Following on from my post on april the 28th i have put together a chart with a rough buy in and target zone, and correlated the points with my previous long term idea.
4 months on and the ETH megacycle is well underway. overvaluation stages didn't manage to reach and a sharp downside turn was met; as predicted. this has led to a profitable short swing and the ability to re position ourselves for potential upside in the coming months.
The buy in zone is rough as laddering is the best policy here, crypto is volatile and despite the .786 being regularly respected, anything can happen so if long is your ethos then don't go all in hard too soon; you'll regret it when there's bargain prices accrued from liquidation wicks further down the line.
I'm looking at 0.33 to be roughly (0) and we will be on our way, target around the 1.618% fib- 0.20 bitcoin Per Ethereum
Time frame unknown, percentages are king here.
P.s If you profit from my calls or take my trade ideas kindly donate BTC To : 35qccgatKB4HP49fRGGcF3Up2k3ENXxG9V
Every litte helps. Basil x
4 months on and the ETH megacycle is well underway. overvaluation stages didn't manage to reach and a sharp downside turn was met; as predicted. this has led to a profitable short swing and the ability to re position ourselves for potential upside in the coming months.
The buy in zone is rough as laddering is the best policy here, crypto is volatile and despite the .786 being regularly respected, anything can happen so if long is your ethos then don't go all in hard too soon; you'll regret it when there's bargain prices accrued from liquidation wicks further down the line.
I'm looking at 0.33 to be roughly (0) and we will be on our way, target around the 1.618% fib- 0.20 bitcoin Per Ethereum
Time frame unknown, percentages are king here.
P.s If you profit from my calls or take my trade ideas kindly donate BTC To : 35qccgatKB4HP49fRGGcF3Up2k3ENXxG9V
Every litte helps. Basil x
Trade active:
see how this one holds
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Close up on 30M
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bullish price action prevailed after the previous cycle high was touched, potential for reversal in trend to continue if support is found in these zones on a higher Time frame candlestick. Trading this range on a 30M stick and a breakout has occurred
Trade active:
Could attach a snapshot on the 15th, but currently the eth /btc pair is experiencing heavy pressure from the bears to keep it below the 0.88 fib. watching this to break down or up from here.
Comment:
few more bits to reinforce more downward movement being likely;
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drew a few lines;
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Currently rangebound between two fib zones. traders will be awaiting a breakout from this zone before entering majority of positions however building a stack into strength with a tight stop is always an option to play.
Comment:
Potential for further Bleeding to downside thus invalidating original trade parameters drawn up last year. Watch this level for accumulation patterns forming.
