Matthew1972

Matthew1972

NOt as bad as many feel. We are trading in a large falling wedge. Unfortunately the .5 fib level didnt hold and we are now aiming at the golden ratio .618 to fall back to one of these days. Looks like we are having a relief rally right now. 3500 at the .618 seems to be the ultimate support to hold. Overall, despite the feelings, the long term chart is looking good

Matthew1972

Heading down to 20 WMA, support bu FIB 0,618. Bullmarket support band to hold the lines

Matthew1972

Q4 = Bitcoin time Q1 2022 = perfect storm for altcoins with Ether leading the way as every year

Matthew1972

.5 FIB Turning resistance into support on long term channel it broke out. STRENGTH Fundamentals: EIP1559 coming soon

Matthew1972

ZOOM out When in DOUBT. ETH making textbook move against BTC. Retesting long term resistance, flipping it into support. ETH has been holding up great against BTC, with fundamentals line the release of EIP1559 on the horizon and further down the line "The Merge".

Matthew1972 Updated 

Consolidation till mid FEB, falling wedge.

Matthew1972

Dominance is retesting prev resistance. Parabolic bitcoin is the trend (friend till the end) Alt long squeeze coming

Matthew1972

Long term downward channel

Matthew1972

Megaphone structure. Not on the log chart. Retesting the upper resistance right now. If this breaks up, we are up to the races. Its actually stimulated by the breaking of the diamond pattern (target 27K). Looks like the perfect storm. Incredible

Matthew1972

Ascening triangle. Target 23000

Matthew1972 Updated 

0.618 FIB Bottom of multi month trading channel Top of previous swing high. Many reasons for selling pressure to drop at these levels and buying pressure to increase. Big question is IF bitcoin will continue on its unstoppable rampage to take out 13.8 or not. Sideways action might allow Eth to get a breather here or get a full bounce. I do expect at least a...

Matthew1972 Updated 

Ascending triangle into the bullmarket.

Matthew1972 Updated 

WYCKOFF style accumulation. Breaching the long term resistance, turning into support and a beautifull long term uptrend. Ready for the next stage up. What do you guys think?

Matthew1972

But long term 2021 bullish

Matthew1972

ETH has been in a downtrend to BTC since beginning 2018. The falling wedge is nearing the end. Support below is slowly trending up. Will FA/launch beacon chain generate a massive bull to the upside or will a delay or massive BTC move push us down. I dont want to miss out on a possible ETH/BTC pump. If it comes it will be massive. Still keep >70% in BTC folks or more.

Matthew1972

RSI very oversold <30. I put some of my BTC back into ETH.

Matthew1972

How many touches have we seen by now of the 7000-7300 level and got rejected. Rising wedge, bear flag my ass It clearly getting tighter and tighter towards 7000-7300. Bullish "kind" of rising triangle

Matthew1972

BTC on the log scale/daily, forming a perfect acending triangle hitting the resistance line touching the recent highs (downsloping channel). If the 60% chance bearish ascending triangle plays out you will see a revisit of the 4500 lows. The MA 50 offers some stiff resistance as well making a drop more likely. Anyway, this is BITCOIN so we never now. A move up...