First time in Ethereum history a weekly Inverse Head & Shoulders is showing on the RSI and the Chart. Also first time ever (checked history from 2017 September could not find any bullish divergence, a bullish divergence has been printed.
I think we are in for an incredible run for Ethereum and we should be starting that run soon. High possibility this dump was a weekly fake-out to clear longs before starting the long bullish uptrend. This also means that any bullish signals that appear on lower time frames should more likely than not play out accordingly.
Just sharing my thoughts. Watch this closely. A pattern on weekly timeframe means we might be going on a long-term bull run soon. That would also make since why the flushing out of longs happened so quickly.
The best way for now is to DCA.
Bitcoin has a weekly Inverse Head and Shoulders too. The run we have been waiting for could be starting soon. Manipulators might still play they games. Best to just DCA for now.
Have a great weekend!
I think we are in for an incredible run for Ethereum and we should be starting that run soon. High possibility this dump was a weekly fake-out to clear longs before starting the long bullish uptrend. This also means that any bullish signals that appear on lower time frames should more likely than not play out accordingly.
Just sharing my thoughts. Watch this closely. A pattern on weekly timeframe means we might be going on a long-term bull run soon. That would also make since why the flushing out of longs happened so quickly.
The best way for now is to DCA.
Bitcoin has a weekly Inverse Head and Shoulders too. The run we have been waiting for could be starting soon. Manipulators might still play they games. Best to just DCA for now.
Have a great weekend!
