Hello everyone !
Today we are going back in history, we are going to see if some crazy fib theory turns out to be true and we are all gonna be very rich soon , lambo , them champagnes and a good retirment. Or, end up losing all our shit in the hopes of the next boom cycle.
Whatever you do, be careful and never invest more than you afford to lose.
Now, let's dive in !
- History in the making -
We have now reached the pivot turning point for ETH, at least according the history lessons we are gonna look at today. But remember, history IS not something that will repeat, but my gut feeling says that it might happen.
So, this isn't exactly rocket science, i have mapped out the previous tops and retrancements with the fib retracement tool, and we can see that a pattern is emerging. Either we will make rebound now, from the 0.236 line. There is a chance that we might go to the lower end as well, the green dashed line below. A close slightly deeper in the red zone could indicate decline to the green dashed line.
As long as we keep progressing, close to the thin dashed lines we could expand up more, to the black line above - 0.382.
Good luck,
If you like my post, or this post in particular, please like and follow :)
Today we are going back in history, we are going to see if some crazy fib theory turns out to be true and we are all gonna be very rich soon , lambo , them champagnes and a good retirment. Or, end up losing all our shit in the hopes of the next boom cycle.
Whatever you do, be careful and never invest more than you afford to lose.
Now, let's dive in !
- History in the making -
We have now reached the pivot turning point for ETH, at least according the history lessons we are gonna look at today. But remember, history IS not something that will repeat, but my gut feeling says that it might happen.
So, this isn't exactly rocket science, i have mapped out the previous tops and retrancements with the fib retracement tool, and we can see that a pattern is emerging. Either we will make rebound now, from the 0.236 line. There is a chance that we might go to the lower end as well, the green dashed line below. A close slightly deeper in the red zone could indicate decline to the green dashed line.
As long as we keep progressing, close to the thin dashed lines we could expand up more, to the black line above - 0.382.
Good luck,
If you like my post, or this post in particular, please like and follow :)
Comment:
Comment:
Comment:
Looks like it’s trying to set a bottom here , small reversal going on. Could be a trap but we saw some volume injection so it can be legit.
Comment:
A break above 460 (Large HS neckline) could indicate that we have bottomed out, however a failure to breach it would probably resume the downtrend sharply.
So according to this chart 250€ should be the bottom