esuvari
Short

ETH Bounce forming a H&S

KRAKEN:ETHXBT   ETH / XBT
647 3 14
Eth loves 0.618 fib retraces. If this bounce goes as high as there, it'd make a nice head and shoulders pattern which might end up dropping to 0.01 (which is a good support)
You must look at the fundamentals of this as well. Remember Bitcoin is a calculator and ETH is a personal computer. This can get as big as bitcoin in terms of market cap. That's at least 60 dollars/ETH. I also notice it corrects and rises in 7 to 8 day continuity intervals.
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man such a drop will be horrible, but ill be alert over .028 , what do you think could invalidate H&S scenario
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esuvari zeratul600
frankly, h&s rarely plays out with cryptos so I'm more after the completion of the pattern around 0.023, not what would normally follow it (i.e. that massive drop)
I think if it goes above 0.031, we can rule it out.
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