Thank you for your help from yesterday. Your PM. You are great
akberaa
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interesting idea, i have been holding on to cash for a possible break, but price is rebounding of the bottom of the wedge, no?
@balocik , what would constitute a failure of the pattern to you? a break-out from the top? and what would our adive be to a long term holder, buy now or wait for either breakouts?
akberaa
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akberaa
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The dotted line is a 50 EMA and solid the 200 EMA,
would you say there support to prevent a break downward?
PipEze
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@akberaa, Hi failure of this pattern is when ETH break 987 price. It’s all up to BTC price move. If BTC stays in consolidation for long enough or decide to go up I can see ETH going up.
copa1079
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Has it broken downward would you say? based on your wedge
PipEze
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@copa1079, Thanks for question. By looking on 1H chart it sits on bottom line - which means not broken down yet.
Dieter1983
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@balocik, ok thank you master. I Will wait for your sign. Needs to recover money after Ltc drop :(
PipEze
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@Dieter1983, Please be patience. The worst thing we can do is chasing price to recover loses. I think most of us experienced this kind of situation. FOMO can ruin Your wallet. With price confirmation You will earn less but You save Yourself stress and money on long run. It works for me.
Dieter1983
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@balocik, that's why I follow you now :0) if you have time. Im on binance waiting for neo and cardano for long term hold. 1-2years. Looking for a buy in. Enjoy your day