Well what can I say? Way back when ETH was trading at $535 I called for a Target anywhere from 100-250 USD...Well It seems that I was pretty spot on with that prediction as we are well on our way to a complete ETH collapse however I think I was too bullish with that call back in MAY of this year. ETH recently cruised through it's last fib support like butter and now only has the yearly s1 (which SHOULD be very strong) and a volume node at 157 standing betwen it and complete and utter destruction. I do think that ETH will get a bounce at the yearly s1 but i also believe it will only be a dead cat/ relief rally. Ultimately I think ETH breaks the S1 and probably cruises through the volume node at 157 on complete panic selling, I do expect some crazy support buys to come in on the way down in a desperate attempt to save the dying coin but they will all fail. If the last support at 157 goes ETH will go sub 20 USD.
Side note, I requested support to ban me from all chats because I had a tendency of gettting too rowdy in chats, I did not want to lose my publishing privs so I asked for a ban. As you can clearly see I am not really perma banned lol. Anyways, thank you for your time and remember, stay away from the shit coins! lol
All the best,
Red Boar
Side note, I requested support to ban me from all chats because I had a tendency of gettting too rowdy in chats, I did not want to lose my publishing privs so I asked for a ban. As you can clearly see I am not really perma banned lol. Anyways, thank you for your time and remember, stay away from the shit coins! lol
All the best,
Red Boar
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here is link to my previous chart
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Guys I want to make one thing clear, I could be wrong lol this market is so illiquid and so hard to read it erally is just me taking my best guess....I believe based upon TA that ETH is pretty much going to be utterley destroyed lol It does not look good based upon TA....but I am not an idiot and i know anything COULD happen.
I am saying this to remind you all that there are no such thing as sure bets. ALWAYS, use caution and discretion when playing with things like crypto, this is not your average asset glass, this is like trying to predict penny stocks with zero fundamentals...its all just sentiment and greed and fomo and manipulation....so just keep that in mind when messing around with crypto.
I am saying this to remind you all that there are no such thing as sure bets. ALWAYS, use caution and discretion when playing with things like crypto, this is not your average asset glass, this is like trying to predict penny stocks with zero fundamentals...its all just sentiment and greed and fomo and manipulation....so just keep that in mind when messing around with crypto.
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Overall I would expect a dead Cat bounce soonish to retest the 100 week
moving average . The 100 WMA currently sits at roughly 327 USD however
If I am being honest I don't think ETH has enough strength to even test those levels
IF it does I will be HEAVILY shorting as this would be a perfect entry. I don't think we will get that kind of an entry so I am just going to scale in on any bounce (maybe, stil have not decided if I am going to even touch the alts).
P.S. I want to thank everyone for their feedback, comments and likes on this idea. It really is awesome to have so many people discussing and sharing their ideas. All the best guys and good luck :)
moving average . The 100 WMA currently sits at roughly 327 USD however
If I am being honest I don't think ETH has enough strength to even test those levels
IF it does I will be HEAVILY shorting as this would be a perfect entry. I don't think we will get that kind of an entry so I am just going to scale in on any bounce (maybe, stil have not decided if I am going to even touch the alts).
P.S. I want to thank everyone for their feedback, comments and likes on this idea. It really is awesome to have so many people discussing and sharing their ideas. All the best guys and good luck :)
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Short term Look at ETH
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Well we broke upwards but have been able to hit the downtrend line YET....I have unfilled shorts at 290-295...:( come on bulls give me an entry
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Well we hit my support target...but...I was stoped out on that epic spice to 330...so I made no money on this short...once again I am exactly right on the call but exactly wrong on the execution...hope at least you guys made money on this short
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The downward spiral continues, if 150 doesn’t hold then it’s game over
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We were 7 dollars off from calling the EXACT bounce point (my orignal guess was 157 usd)! Anyways, eth is bouncing just like we expected. This is a very clear dead cat bounce and I anticipate an accleration once we go below 150 usd, I think a drop from 150 down to 70-80 usd makes alot of sense...from there we should expect another ded cat...sub 10usd remains ultimate target.
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:)
:)
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Well We are following my analysis and my arrows pretty much exactly. I do think that we get a small dead cat bounce sometimes soon as bitcoin is due for one as well . Don’t of our in on a bounce we are still a long way from the bottom