200MA invalidated my original P2 Theory on smaller TF of 45M. MA acted as support to hold price in the key 1700s supply zone. (So i'm still yet to take any positions)
The temporary purple supply zone at 1723 has become a respected level for both buyers and sellers. A lot of consolidation / sideways price action seems to have built up around this level. With...
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High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line .
This line has been reverting from powerful support to massive resistance line.
The market has a...
I guess Ethereum have atleast one shot against Bitcoin in next cycle.
best scenario if ETH/BTC reach my target ETH/USD 4.000 USD
other scenario is ETH/BTC reaches lower high and ETH/USD top at 1.000USD
wrost scenario is ETH goes all time low on ETH/BTC chart slowly.. and sideways around 300-400USD
UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself)
Recall from my last post:
We keep seeing mirror images of the 2014 bear market playing...
If you're late to the game, it would look like 316-318 would be a good price. I'd wait to see if it maintains this local trend and stays above the crossing of two big historical trend lines.
Local Trend in Blue
1. Dotted Red goes back to - FIRST RESISTANCE FROM FIRST ATH (4 HR - Coin Base*)
2. Solid Red is the resistance line from the last two ATH