Ethereum continues to climb up its Genesis Fib levels. Passed a "minor" ratio at 3931.04, after some negotiation. Next up the "semi-major" fib (.618 of Golds) at 4238.73.
If it does NOT reach it, AND falls thru 3931, signals possible top. If it DOES reach the next Blue fib, it could continue to new highs. If it NEARS the next target and slows down, expect some "Orbits".
Drag DOWN on PRICE scale to see levels above window. Click SQUARE icon in lower middle to blow up ONE frame. Hit "Make it Mine" under SHARING to make your own copy.
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I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7:
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Heeds Up !
Trying the target again after the last attempt got sideswiped by world wide risk off wave.
nice one for the analysis Euromotif, aaaahhhhh I was in the kitchen, looked at the phone and saw the lucky dip, my UK transfer sell not made it to CB but ran to my room and managed to get my French debit card to buy 1 ETH at €3200 PHEW....... on the lucky dip :) its been stress watching ETH rise so quick, crazy, hope she doesnt make it past resistance for a couple more days, working on those last ETH haha thanks for the post, weird the sudden dip, I hate to be bearish but its only for a while longer lol :D
EuroMotif
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@TobesVibration, ty, and glad to hear it worked out for you on that one!
TobesVibration
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@EuroMotif, after a completely stressful week I have transferred money from UK bank which seems to be blocking payments to CB to French bank, just sent my last I hope transfer, nearly there, phew, any tips for today, obviously i just want it to go down, not for long though hehehe hope your trades are going well.
TobesVibration
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Some are saying Elons tweet that they didn't sell Tesla BTC was exactly on the Fib, what a nightmare this guy is, so difficult to find the right entry price with such irrational movement, I honestly can't wait for ETH2 launch so we can separate the coupling with BTC. Great post as always Euromotif
TobesVibration
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Holy Moly, am I dreaming? how lucky was I to get the price i needed after waiting a week, the ETH gods really were looking after me, this is insane..... OMG wowzers
Alex3413
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Beautiful 👍
TobesVibration
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500B market cap in the news coming today, big deal. Im all in now, job done, happy chappy. night and thanks for the education :)
Mayfair_Ventures
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Yes, it needs a breather here for sure!
CloutXGod1996
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@Mayfair_Ventures Possibly, but funding is low and there is very little selling pressure. People keep waiting for a dip to enter since 3200 and it's not coming, liquidity crunches may not come as the price has grown so exponentially fast that margin traders don't feel confident buying at these levels = less chance of liquidation pullback
Mayfair_Ventures
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@CloutXGod1996, yes, it's interesting at the moment. It's pretty insane with the extension just up up and away.