The Bullish Bat bounce to 215 went as high as 240 as it hit the 38.2% Target 1. ETHUSD RSI is quite strong! The 61.8% Target 2 @ 305 is clearly in sights ON THIS MOVE as the reversal rides the trendline. The Bat Bounce is about to be a Bull Run! More to come...
Nice one Scott. I have a 2H time frame Gartley pattern. It rallied up at 1.272 AB extension. Can a Gartley be complete without AB=CD. If AB=CD were to complete, the D point would come below X here.
Always been a fan of your great work. Cheers!
amilajayawi
⋅
obi_lloyd
⋅
nice one scott
Crypto4life23
⋅
Stuck at 230. ,will,it surpass ?
ScottCarney
⋅
@Ryandorsey90, 305 @ tgt2
Crypto4life23
⋅
@ScottCarney, what's your projection. All alts are pushing bitcoin right now. Its still at 230. And slowly dropping
Kennfucius
⋅
@Ryandorsey90, So far it looks like healthy pullback with some consolidation IMO. Trend is still upwards on 4H and above. Price may drop to 215-220 which will be another opportunity to long. The key resistance is 215. If we see a drop below 215, we can reevaluate. In the next couple of 4H candle sticks, the bulls may retest 237. If this breaks, we will likely reach 270. BTC is also in consolidation but the bull volumes are stronger right now.
Crypto4life23
⋅
@Kennfucius, Thanks . Do you see it dropping all thr way down to low 200 over weekend ? Or maintaining upper 200
Kennfucius
⋅
@Ryandorsey90, I think a drop that low is very unlikely. The only reason it might drop below 200 would be due to some bad news, but the news has been very positive recently, especially regarding Aug. 1. This has led to a steady flow of money back into the space which I think will translate to a steady growth of the big coins.
Always been a fan of your great work. Cheers!