In the game plan for LTC (February 14) I am publishing a new warning about the situation on the crypto market.
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Before the final long there will be an effort to get as low as possible.
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If the double bottom does not last ($ 2,100), it can drop below $ 2,000.
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DOUBLE BOTTOM - TARGET REACHED
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BULL TRAP ON $ 3550 - TARGET REACHED
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DROP NA $ 1700 - TARGET REACHED
Trade closed: target reached
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The bottom will be deeper.
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This plan had a good estimate, but I think the start will be moved to December and it will go further down.
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If there is a reversal back into the pattern, it was just a false breakout, but if the $1250 support breaks out and confirms it as resistance, things will get worse. ETH is on the way down, it's just a matter of what kind of death the market maker has prepared for it.
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If there is no valid closure back above 1250, quick death will be activated.
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ETH will attack the support, after a valid breakout, the blow off phase will begin.
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Regardless of the market maker looking at the order books and deciding to liquidate the short positions, which started an upward move that has not yet brought anything major to the chart, I still think the direction is down where the long positions will be liquidated.
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The ETH chart looks like a house of cards to me. It's just waiting for someone to announce bad news for the market and the eventual panic pulls out the important card that holds it together. And the market maker will have cover for the market to fall. Fakeout before the crash is possible.
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The house of cards is slowly starting to collapse.
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On October 27th I pointed out where I expected the end to be, it was exactly followed, we are currently entering an area that a market maker can use as a trap.
Thanks, is that possible to publish the latest chart as a new chart so we can analysis? (by looking through the image, loose little bit the traceability)
trader-123456
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@kasonzx, Hi, ok I can put a new graph, but it's a few lines, you can easily create your own graph according to the picture.
christrdview
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Thank you very much for this update. Appreciate it very much! What is your ETH target ? between $250 to $400?