On the mid term a scenario with high possibility I forsee:
Not retracing big time soon and go straight to 20k coming weeks.
There are only psychological resistances and supports till 20k at this point.
If we go straight to 20k I expect to have a correction of around 30% which will bring us to 13800. A long term resistance/ 2019 high.
BTC bullcycles tend to...
ETH is very kind to us and keeps going sideways so we can keep accumulate. I think once BTC will dip (big), ETH will follow for a while but once it hits around 420 dollar will explode maybe even to first resistance around 780=830 dollars. Let's keep a close eye on it in december.
I’m posting daily updates on BTC , BTC .D, ETH and more. Let’s discuss ideas and trends!
BTC is currently dancing the salsa with 16K.
Short term
Looks like symmetrical triangle formation which is generally bullish.
Longer term
All indicators are still flashing red. Lets keep a close eye on the chart coming few days and lets see what the market will determine.
I'm posting a daily update on BTC, BTC.D, ETH and more. Follow and like to see the...
BTC is currently dancing the salsa with 16K.
Short term
Looks like symmetrical triangle formation which is generally bullish .
Longer term
All indicators are still flashing red. Lets keep a close eye on the chart coming few days and lets see what the market will determine.
I'm posting a daily update on BTC , BTC .D, ETH and more. Follow and like to see the...
Taking a look at the long term weekly chart we can see that there is a pretty clear 5 wave count with .618 retraces for corrective waves 2 & 4.
The theory would now be to expect an ABC correction to the .61 or .7 fib retracements. The .78 aligns with the 70 week ema at around $300, so that could be a strong target.
I'm not really sure if there is a way to...
Looking at the log chart for ETH we could well be in the corrective wave 4 for Ethereum.
A and B are in and have set up a large bear flag pattern as noted by @MagicPoopCannon in his analysis. This could open the door for a visit to the .7 fib retracement before what could be a very exponential wave 5.
Happy Hodling! :)
See for yourself. Where do the think the smart money is going next?
Bitcoin = Anti-establishment, Diminishing utility.
Etherium = Invested into by the establisment (see ETH foundation), Growing utility.
My crystal ball gave me this reading this afternoon ;)
In all seriousness tho, please don't trade off my doodles. Only one of untold possible scenarios.
I'm keeping a close eye on BTC for some overdue corrective price action which could have a negative effect all the alt markets.
