ETH vs USD 4 Hour Consolidation. Break Out or Fake Out?
Not financial advice, entertainment purposes only.
Just keeping an eye on this pressure zone. Ethereum is failing to crack this line and doing so again could sent it down. If so, just buy in the dip, and hold your wallet, can't see it dropping lower than 220. If you're sitting in a spot to grab some profits, wouldn't hurt to sell a bit at these levels, wouldn't surprise me if it drops a bit, I just know if I do, it'll definitely take off without me. When we finally settle 270 as support instead of resistance, I expect smooth sailing to around 404, which has been historically an important rest stop for this coin. Eth usually lags a bit on bitcoin, which just found new support above 9000, looking to 9400 next. I still feel like the bulls have control over the market, and we will coast right past ATH in the coming months and into 2020/2021. I think the market will take its time more patiently than the 2017 bull run, which will benefit us more if we can avoid the huge parabolic spikes. However, this is just MY OPINION.
Just keeping an eye on this pressure zone. Ethereum is failing to crack this line and doing so again could sent it down. If so, just buy in the dip, and hold your wallet, can't see it dropping lower than 220. If you're sitting in a spot to grab some profits, wouldn't hurt to sell a bit at these levels, wouldn't surprise me if it drops a bit, I just know if I do, it'll definitely take off without me. When we finally settle 270 as support instead of resistance, I expect smooth sailing to around 404, which has been historically an important rest stop for this coin. Eth usually lags a bit on bitcoin, which just found new support above 9000, looking to 9400 next. I still feel like the bulls have control over the market, and we will coast right past ATH in the coming months and into 2020/2021. I think the market will take its time more patiently than the 2017 bull run, which will benefit us more if we can avoid the huge parabolic spikes. However, this is just MY OPINION.
Comment:
Didn't quite hit 400 but bitcoin fumbled everything today. Called the breakout correctly tho! Found support exactly at the breakout line, let's see if we can't 2x this next run :)