We have a possible Cypher pattern on the Ethereum 4 hour chart. Will take some time to hit the 786 retracement but it continues up from here to the 786 retracement up the D leg expect a move to the downside.
Continue to watch and set stops / limit orders accordingly.
Strictly my opinion.
On the Bitcoin Daily we can see the ascending triangle that's formed out of the double top we had. Wedge formation as well.
I believe we'll see a reverse head and shoulders form after this big push up.
If we can close above the 200 MA there will more than likely be some big up movements.
Bitcoin made a correction on the 4 hour alittle past the 61.8.
This is a key area that could be a possible bull trap. If bitcoin can close above 13,000. I think we'll be in the clear.
Expect bounces around 12,800-13,000.
I revised the possible bull trap area
4 Hour broke out of the wedge that formed yesterday making a new high. currently on a pull back. 2 key resistances need to be broken and closed above going forward. First resistance at around 0.00004810 ETH.
Buy zone around 0.00004500 - 0.00004600 ETH
This is a long term investment. No targets.