4360$ = the top of the head... 3700$ = the neckline.... and you have a price target of like 600$.... lol that is ridiculous.... you seem to be clueless about how head and shoulders patterns work and/or cryptos and etherium... if you said price target 3000$ give or take a few hundred bucks ok... but your price target is comical... anyways keep sitting on the sideline while I buy your etherium for cheap
mytradingidea
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@AJBLASTOFF,
I know exactly what the target of this pattern is ... 3k ...
And if you don’t already know after this pattern is confirmed the bear trend is starting, at least for ETH.
You just buy, I'll sell.
The long-term goal is 500-700.
ferenczyas
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@mytradingidea, your price target is comical and needs a huge EMP blast from space in order to set humankind on such a bear trend backwards to 19th century.
jonathanvn
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@mytradingidea, A reversal pattern doesn't mean a whole bear market is about to start. There just might be a short term to near term correction at best.
@mytradingidea, I have to come back on this and admit you were right. Kudos for the intuition, I stand corrected.
AJBLASTOFF
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@mytradingidea very bold call I disagree, but I respect your opinion.... I feel like once we’re at a level in the mid 3000s give or take a few hundred, a buying opportunity will present itself when trend starts to shift back bullish, I think we will hit 4000$ pretty quick after this head and shoulder plays itself out and a reverse in trend is initiated
mytradingidea
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@AJBLASTOFF,
A bold decision because everyone knows that this pattern marks a reversal of the trend ... Well, almost always ... But I respect your decision.
AJBLASTOFF
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@mytradingidea the size and severity of the H&S pattern isn’t big enough for it to be a catalyst to send etherium back down to the 500-700 level... MAYBE the 2500-3500 level...
mytradingidea
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@AJBLASTOFF,
At 2500-3000 a new pattern should emerge, I know all this.