Forming Descending Triangle Pattern in Daily TF Chart..(If Hold the Key Support then Expecting Bounce Back From Here)
At the Moment, Downtrend line is the Key Resistance (210 Sats) & 190 Sats is Key Support..!!
Please, give us your opinion in the comments.!!
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As you can see ETH/BTC has been following this two years downtrend line, but finally, it did break above it and perhaps we just confirmed it as support now.
We do have a higher low forming and possibly with the upcoming DeFi projects which are built on ETH we can be having a trend reversal and start making higher highs and higher lows in 2020.
This chart does...
As king's dominance is growing in our analysis i suggest to short on significant alts, which will start falling tomorrow. Bollinger stretching, next great move is coming. Moving below ichimoku, which won't tighten. Bearish momentum on ao, lower lows accumulation on uo while cmf (improperly used) is uprising in a disjointed way. Stochastic very bearish on smooth...
The pattern is undeniable. Ethereum looks to be very close to completing its 8 step cycle, which it has done twice. Could this be a sign that a bull run is on the horizon? Only time will tell, but keep Ethereum on your radar. If it starts to take off, you may want to get in early because this bad boy can fly!
The altseason has a lot to do with ETH behavior, which means we need to see ETH pumping again. That can take BTC dominance down (since ETH has the largest marketcap among alts), which will confirm the altseason.
Let's take a look at ETH time cycles:
Each cycle has 357 days ~ one full year.
We see that each cycle starts with a low, then ETH pumps in the first...
The similarities between these 2 charts are pretty overt. I've been following this for about a year and a half, posting the progress on my twitter thing. It seems like a cyclical fractal for bitcoin's sidekick basically. Litecoin was the main alt back then and now Ethereum is so it is going through the same motions now.
It obviously makes sense to look at the...
It's been a long time since i have published a /BTC pair chart. I don't really like to do it for some TA reasons. But there is a massive pattern we can't ignore anymore. NOTE that the stop-loss is particularly important in this trade : symmetrical triangle can break both way (50%) and for now the volume hasn't confirmed the BREAKDOWN (but volume is...
ETH/BTC looks for a correction.
I think a correction to 0.065 area is possible before the next run to new high.
BTC/USD is still in bearish cloud even if there was a strong rebounce as expected at 9k, so i'll would be prudent about holding ETH in the comings days.
As always, it's only my opinion. I'm not a financial advisor.
ETH is following bitcoin and BTC seems to be stabilising for another run up. This is a simple in and out trade setup has been forming for a while now but due to concerns of the BTC drop we did not enter until now. We have found some support so its tome for a run up, let's get this crypto!
Entry 20428 - 20213
1. 21023 - Start trailing profit...