Hey,
Just wanted to post an update. The 50SMA daily on ETH will form huge resistance, I don't expect us to continue going higher above that before retesting the long term bullish support below again. This will be the ultimate buying opportunity for a long trade. That low will be higher than the prior low of course.
You can see how the black line is the likely...
Hey,
We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know?
1. The last low has not hit the ascending support of the latest move up. This means it's likely...
I have read many posts about the bears predicting that late Jan's top on the SPY was a blow off top and that we are going lower.
That may be right, but blow of tops can also create triangle consolidation formations for a wave higher. Remember that this market is being held by strong fundamentals and liquidity still and that a bubble in equities can go much...
If you've missed the boat on the latest breakout of the major descending resistance on $ETHUSD then don't worry, the triangle on the hourly that we're seeing looks very bullish yet again. Triangles tend to be consolidation for a move higher. We could get a fall below the triangle as a "fakeout" in what would seem more like a bullish flag channel but it'll likely...
Despite my strong belief in the fundamental platform that is Ethereum, it is clear we were in a consolidating pattern and we are about to break out higher in a move that seems very similar to the last low in 2017. Please notice that the next bubble will not all be straight up, it'll likely follow the exact pattern of the last bubble but I suspect a high of...
