Ethereum may go down to $1000 but that is too far fetched.
On Bollinger Bands it's a good setup. The price action went above the midterm level while the BB consolidates and looking to move another leg up. Maybe down to $1290 and up to $1360?
A note on Bitcoin - If we get down to the $18,100 price level on the daily we can see that Bitcoin will be ready for another leg down. Maybe below the current bottom when Bitcoin reached that $17,400 range. Will we see newer lows? NAH the bottom is in. I highly doubt that. While it be good to see a bottom of $11,000 or $12,000 imagine the upside potential. That won't happen.
Do you think the SP500 will go to $3200 from currently $3616? I doubt it!
So I think we might see Etheruem go down to $1200. But $1000? I doubt it!
I think we will see Ethereum go up to the $1400 range when Bitcoin travels to $21,000 this week.
The VIX Cheat Sheet indicator doesnt say much. Usually it will say if things will go down or up in percentage. This time it's just saying 0.00 each way. That usually means the market is boring but ALSO that the bottom was in already!
SO GET SLURPIN''
Bollinger Bands Setup - This has happened because when you see the BB average out to looking like a small piece of strange line and you have the candle OVER the medium line, when it drops down past the medium line you should buy because we will be headed up.
Now what this and tell me how it goes! Your thoughts are appreciated!
On Bollinger Bands it's a good setup. The price action went above the midterm level while the BB consolidates and looking to move another leg up. Maybe down to $1290 and up to $1360?
A note on Bitcoin - If we get down to the $18,100 price level on the daily we can see that Bitcoin will be ready for another leg down. Maybe below the current bottom when Bitcoin reached that $17,400 range. Will we see newer lows? NAH the bottom is in. I highly doubt that. While it be good to see a bottom of $11,000 or $12,000 imagine the upside potential. That won't happen.
Do you think the SP500 will go to $3200 from currently $3616? I doubt it!
So I think we might see Etheruem go down to $1200. But $1000? I doubt it!
I think we will see Ethereum go up to the $1400 range when Bitcoin travels to $21,000 this week.
The VIX Cheat Sheet indicator doesnt say much. Usually it will say if things will go down or up in percentage. This time it's just saying 0.00 each way. That usually means the market is boring but ALSO that the bottom was in already!
SO GET SLURPIN''
Bollinger Bands Setup - This has happened because when you see the BB average out to looking like a small piece of strange line and you have the candle OVER the medium line, when it drops down past the medium line you should buy because we will be headed up.
Now what this and tell me how it goes! Your thoughts are appreciated!
Strange = Straight
When you see the bollinger bands form a straight line of any size and the candle does go above the medium line you will see this is a setup where its consolidating and moving upward.