Ether seems to have developed both a Regular Bearish Divergence and a Hidden Bullish Divergence in the chart.
Either also has a developing Rising Wedge pattern.
Considering that Bitcoin is developing what could be a Descending Triangle pattern I can see a scenario where Bitcoin and Ether briefly break down, sentiment turns bearish momentarily, and then price springs up to break new all-time-highs. Ether in particular is set to go absolutely bananas after breaking its all-time-high. Ether could VERY QUICKLY double in price.
So, my best case scenario is that price breaks down, but quickly. That would be the Regular Bearish Divergence AND Rising Wedge pattern playing out along with Bitcoin's Descending Triangle. After that, the Hidden Bullish Divergence takes over, and Ether springs up, blasting through its all-time-high and doubling in price very quickly.
Let's say it doesn't play out like that?
If Bitcoin never breaks down and starts creating higher highs then I'll consider it a "Busted Triangle" and look to long Ether when it definitively breaks its all-time-high. ONE SIGN THIS COULD HAPPEN: Bitcoin ALSO has a Hidden Bullish Divergence on the weekly chart!
And if we enter an even more bearish scenario where we're languishing for a while? Great! I'll just be patient and wait for the trend to change.
Either way, the trend has to change to my satisfaction, then I go in. Ether is already in an uptrend. If Bitcoin changes its direction by doing something like smashing 34600, building support, thereby busting this Descending Triangle...I'll go long on Ether. I'm watching the Alligator Indicator and the DMI Indicator closely as well. Confluence between them says a lot about the direction of the market.
And yes I'll wait because there's no need for me to get caught in any fakeouts. Once I'm SUPER SATISFIED the trend has changed...I'm longing Ether. All I have to do is catch Ether going up 1000 dollars in 28 days and my life is changed forever.
I'm using leverage so that's the safest way to play it and I don't need to get too greedy because if I play it right, then --no matter what-- I'll never need to go to work for someone else again in my entire life.
This is it.
I have one chance.
I have to make it count.
Either also has a developing Rising Wedge pattern.
Considering that Bitcoin is developing what could be a Descending Triangle pattern I can see a scenario where Bitcoin and Ether briefly break down, sentiment turns bearish momentarily, and then price springs up to break new all-time-highs. Ether in particular is set to go absolutely bananas after breaking its all-time-high. Ether could VERY QUICKLY double in price.
So, my best case scenario is that price breaks down, but quickly. That would be the Regular Bearish Divergence AND Rising Wedge pattern playing out along with Bitcoin's Descending Triangle. After that, the Hidden Bullish Divergence takes over, and Ether springs up, blasting through its all-time-high and doubling in price very quickly.
Let's say it doesn't play out like that?
If Bitcoin never breaks down and starts creating higher highs then I'll consider it a "Busted Triangle" and look to long Ether when it definitively breaks its all-time-high. ONE SIGN THIS COULD HAPPEN: Bitcoin ALSO has a Hidden Bullish Divergence on the weekly chart!
And if we enter an even more bearish scenario where we're languishing for a while? Great! I'll just be patient and wait for the trend to change.
Either way, the trend has to change to my satisfaction, then I go in. Ether is already in an uptrend. If Bitcoin changes its direction by doing something like smashing 34600, building support, thereby busting this Descending Triangle...I'll go long on Ether. I'm watching the Alligator Indicator and the DMI Indicator closely as well. Confluence between them says a lot about the direction of the market.
And yes I'll wait because there's no need for me to get caught in any fakeouts. Once I'm SUPER SATISFIED the trend has changed...I'm longing Ether. All I have to do is catch Ether going up 1000 dollars in 28 days and my life is changed forever.
I'm using leverage so that's the safest way to play it and I don't need to get too greedy because if I play it right, then --no matter what-- I'll never need to go to work for someone else again in my entire life.
This is it.
I have one chance.
I have to make it count.
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
