Quick update from the previous post where ETH hit $1111 to the Tee on the daily timeframe.
From here, ETH backtested the $975.99 level 3 time (more evident on smaller TF's) but just like BTC's $30,000 level, it did not see any candle close below the $975.99 level. This is what makes me believe that bulls are in full control and this pump is just getting started. The pump stopping right now would be like throwing the coolest party on campus and then telling everyone to go home at 11pm because it's over. The party is just getting started, it's 9:38pm and all the girls are just starting to show up.
Ethereum has already seen 3 rejections off of the $1111 level without closing above it, so its trending in between the $975.99 to $1111 region until it eventually breaks out to the topside. This is inevitable, it's going to break out to the topside, I don't know how to describe it I just know.
Once ETH closes above this $1111 weekly level it's going to the next weekly resistance at $1358.82 before it hits its ATH. (Side note to the market makers: I love the synchronicities in the market like the $1111 price, love to see it. I know now you guys are on the same WOKE stuff as me ahahaha, I see what you did there. I kid you not, $1111 is a well-respected swing low).
This $1144 level marked out is a 15-minute level that's going to get blown through as well as this $1221.94 resistance. These two levels don't stand a chance against the power of these bulls, these are simply put there to mark out profit taking / re-entry levels if you get stopped out.
Moving forward, we are going to see some crazy volatile movements in the market and we've seen nothing yet. $1358 is 24% from where ETH is sitting right now, and ETH has posted multiple 24%+ days before so this is definitely in the realm of possibilities.
Tyler & Cameron Winklevoss are very bullish on BTC & ETH and I believe they have a massive bag of both of these coins.
Cheers traders, thanks for all your support. The best is yet to come!!!
From here, ETH backtested the $975.99 level 3 time (more evident on smaller TF's) but just like BTC's $30,000 level, it did not see any candle close below the $975.99 level. This is what makes me believe that bulls are in full control and this pump is just getting started. The pump stopping right now would be like throwing the coolest party on campus and then telling everyone to go home at 11pm because it's over. The party is just getting started, it's 9:38pm and all the girls are just starting to show up.
Ethereum has already seen 3 rejections off of the $1111 level without closing above it, so its trending in between the $975.99 to $1111 region until it eventually breaks out to the topside. This is inevitable, it's going to break out to the topside, I don't know how to describe it I just know.
Once ETH closes above this $1111 weekly level it's going to the next weekly resistance at $1358.82 before it hits its ATH. (Side note to the market makers: I love the synchronicities in the market like the $1111 price, love to see it. I know now you guys are on the same WOKE stuff as me ahahaha, I see what you did there. I kid you not, $1111 is a well-respected swing low).
This $1144 level marked out is a 15-minute level that's going to get blown through as well as this $1221.94 resistance. These two levels don't stand a chance against the power of these bulls, these are simply put there to mark out profit taking / re-entry levels if you get stopped out.
Moving forward, we are going to see some crazy volatile movements in the market and we've seen nothing yet. $1358 is 24% from where ETH is sitting right now, and ETH has posted multiple 24%+ days before so this is definitely in the realm of possibilities.
Tyler & Cameron Winklevoss are very bullish on BTC & ETH and I believe they have a massive bag of both of these coins.
Cheers traders, thanks for all your support. The best is yet to come!!!
Comment:
ETH closed above the $1111 level on the 1-hour TF, it's headed upwards towards $1144 and $1221 TP levels
