Hi Guys,
Just noticed that ETH recently completed a bullish diametric which means that it ain't over yet for ETH. I'm assuming that with the coming PoS for ETH planned for (or delayed to) mid 2019, its already starting to have an impact on ETH. Maybe the flippening isn't just a meme after all? :)
I'm pretty new to using diametrics, and I find it pretty difficult to find reliable rules for it, but it does look like each wave of the diametric is 3-3-3-3-3-3-3, similar in time and that its direction will be up (I'm assuming that it will continue from where it is - but I haven't found much in the way of price targets off the end of one). I think they act more as a reversal pattern, so it has recovered from the dump at the peak? It should break the last high no problem though from what I can see here.
Looks pretty good from what I can see - and I'm really not that bullish on BTC right now as I think it is nearing it's top, so we will see what comes of this.
Just noticed that ETH recently completed a bullish diametric which means that it ain't over yet for ETH. I'm assuming that with the coming PoS for ETH planned for (or delayed to) mid 2019, its already starting to have an impact on ETH. Maybe the flippening isn't just a meme after all? :)
I'm pretty new to using diametrics, and I find it pretty difficult to find reliable rules for it, but it does look like each wave of the diametric is 3-3-3-3-3-3-3, similar in time and that its direction will be up (I'm assuming that it will continue from where it is - but I haven't found much in the way of price targets off the end of one). I think they act more as a reversal pattern, so it has recovered from the dump at the peak? It should break the last high no problem though from what I can see here.
Looks pretty good from what I can see - and I'm really not that bullish on BTC right now as I think it is nearing it's top, so we will see what comes of this.
Comment:
If anyone has experience with diametrics - please critique this. Wave-A seems like just a monowave, so that might be a rule breaker, I'm not sure.