I am a bull, but at what price? As you can see, LTCUSD is forming head and shoulders pattern. The ideal price would be inside two green lines. Let's see how it plays out.
See the yellow circles? Is this run-up a bull trap like last time? Then, follows huge decline? You tell me. By the way, I am using bitstamp because they have more data...but it should be similar for coinbase.
Are we going to back to where we took off around mid of May? That explosive up move still seems so fresh in my mind. It is sad to see ETH being beaten up like that. It depends on market condition, especially with BTC, plus ETH also has its own problems. So far, there are no confirmed code based fixes. Just be happy if you can get a double number of coins if it...
Following smart money/institutions footprints, I see the possibility to go back $24 - $30.50, given there are still two weeks until Aug 1st, go all the way up to $48 is less likely. Today, LTC didn't move while BTC and ETH are all above 15% gain. Target 1 would be ATH, take some profit if you like, but most likely will poke through without hesitation since it...
Today it broke the support on around 61.8% fib. So, here is the change of plan. From what I can see, each drop lately from $57, it drops a bit more than 20% - $37-38 is next stop, then bounce. Take profit if you want to unless you are holding long term.
Today it broke the support on around 61.8% fib. So, here is the change of plan. From what I can see, each drop lately from $57, it drops a bit more than 20%$37-38 is next stop, then bounce. Take profit if you want to unless you are holding long term.
No other way to describe it - the paradise for ETH short traders till Aug 1st...it might be related to BTC since BTC is the king of cryptos.
Don't you think the odds are on our side? I see the stairway to heaven - each stair is located at 61.8% fib retracement with a bullish flag formation. Let's make it a perfect chart till we reach heaven.
When we steadily rise for a long period of time, there will be a 0.5 fib retracement by dropping around 38% percent. If this is true, be prepared to catch some coins around 1800's.