First of all I'm a rookie so whatever you do don't listen to my advice, seriously I'm very inexperienced in trading. I think the price will go to $666. Even when using normal trend channels that makes sense. It looks so esthetically pleasing to me. Just some days left now until I can be considered wrong. Again take this with a huge grain of salt, as I am doing.
Yes I can post again. Thank you Tradingview!
Yes I can post again. Thank you Tradingview!
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This movement today was partly expected by me, since I was aware about the weakness (marked as a red cross in the chart below). If it continues up now that's a good sign. Sure it could continue down also since it broke this important crossing point, maybe that's even most likely since you're supposed to be "friend with the trend". This is still just a guessing game for me. I'm not sure about anything.
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The following text is some unscientific rambling:
Where Fibonacci rings meet there seems to be some obscure attraction present.
(-1) * (-1) = 1
So two resistances form an upward attraction (possibly)
But also kind of the opposite, oh whats that in math? Imaginary numbers!
i * i = -1
So two supports form a downward attraction.
Where Fibonacci rings meet there seems to be some obscure attraction present.
(-1) * (-1) = 1
So two resistances form an upward attraction (possibly)
But also kind of the opposite, oh whats that in math? Imaginary numbers!
i * i = -1
So two supports form a downward attraction.
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From my simplistic understanding this is a buying opportunity. It's being strong and moving upwards again from the vacuum void that pulled it down.
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Sberbank, Russia’s largest bank by assets has joined the Enterprise Ethereum Alliance, the world’s largest blockchain consortium.
source: www.cryptocoinsnews....liance-r3-rejection/
source: www.cryptocoinsnews....liance-r3-rejection/
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Bottoming out on the trend channel middle line and then bouncing back and forth between two Fibonacci rings belonging to two different circle sets.
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If anyone wonders about the purple square that screams for attention in the charts, it could be an important point in the future.
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Bounced exactly where Fib. rings cross...
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I don't think it will break out (upwards). It's probably heading for purple square.
The following text is boring/unnecessary:
I found some short term bullish fractal attraction point (not in this chart below) - but it was just 2 trend lines giving it strength. If that point would've had more trend lines intersecting it, then maybe ETH could've pushed through to higher levels. My guess is that it's not time to go up yet.
The following text is boring/unnecessary:
I found some short term bullish fractal attraction point (not in this chart below) - but it was just 2 trend lines giving it strength. If that point would've had more trend lines intersecting it, then maybe ETH could've pushed through to higher levels. My guess is that it's not time to go up yet.
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There's a nonnegligible chance that it could crash to $233 (marked in red) in the close future so watch out for that!
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I'm really sorry to break the mood... But it looks more and more like it's going to crash. I would like it to go up.
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Bought at $379, limit sell around $700. And got a stop at a comfortable level.
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I made some calculations... I think there will be a fight between BTC and ETH and that both of them will oscillate in market cap touching each other at about 68 billion (that's a $700 ETH price and a $4100 BTC price). When this fight is over I think Ethereum will double in market cap (that's $1500) and BTC will crash to an unknown price.
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Temporarily sold my holdings and bought LTC at 79.5.
I will reenter this soon.
I will reenter this soon.
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3h and 20 min until movement:
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Redid it. I'm raising a user bias warning here... 10 hours more wait time.
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I'm back into this. Bought at $467 when it broke a key level, in my opinion.
Trade closed: stop reached
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Moving very close to some Fib. rings:
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$1500 next if bull continues.
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There's a large resistance at $1500.
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Incredible, right? :)
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To be precise, $1540 level is extremely hard to cross over. It's coming soon probably. Expect multiple bounces.
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Big resistance at $1560
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About 17 hours until it breaks this giant ring (marked in red). Expect movement...