The key price is 152.74 at the green 3.618 Fib.
That Fib has been in control of the entire move .
If bulls can break and hold (prove as support) that 3.618 then next leg up should start.
My ETH journey started a Fib observation from the bottom
Once that played out, I was looking for the retrace zones to enter long again
Above zones played out and as bounce progressed I saw 152 and 156 as possible targets
Then I saw the top coming, sold, and was looking for re-entry zones:
Got some long scalps in per above plan, then I saw another leg down to come
So next was plan to look for retrace zones to buy back in:
As per above plan, sold at 160 and wondering if correction is done with the current plot:
ETH broke out of that pesky 3.618 and ran smack dab into the 4.618.
So taking a closer look at the main move on 1 min reveals quite a bit, see notes on pic.
Zooming out a bit I see one more possible fib It seems plausible but not solid. At the least there is another zone of interest which I guess we didnt need fibs to say, (near 160 round, duh). But we have the precise range now.
All in all, I am NOT impressed. This shift in ETH looks like gravitational effects of BTC. It was dragged along, not making its own momentum.
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I never liked ltc. I think ltc will end up having major problems in 2019
Even though looking at the chart for last 10 months
It has sustained itself well
Yes. Fork is helping for sure
Eventhough without fork analysis shows way better setup for ether than btc in all alts
Xrp I think is next in line