Hi, all... some thought's about ETH. If jun LOW is the bottom, in terms of EW theory, we are in last leg UP wave 5 so it's possible to be very close to interior wave 2 of that BIG 5. IF that jun low will fail another potential target below. GOOD luck to all and DYOR ( I'm just a guy who watch YT crypto content :) so if you play with money, following this type of...
The all description is in the chart. This is not a financial advice, so DYOR... and you are the one who presses BUY or SELL ,take responsibility for what you do. Good luck.
So... "channel" + 21 EMA on weekly HOLD (or HODL? i'm confuse :) and looks like BTC want to go at 34K-38K ...?
At the moment these are the possibilities I see, in terms of E W. In order not to complicate things, I did not pass the measurements or invalidation prices.
I learned from @TexasWestCapital that the future news can be seen in the chart ( "Others say this: Show me the chart and I'll tell you the news" ) I have this level's for several months ... and I have been looking at the $22 support for a while. I was paying attention if the support holds and the volume increases, for me it was a signal to buy. BUT now i watch 9$...
The text is in the chart. This is just a thoughts, so DYOR. and sorry for my english( google translate don't know better :) )
It's not an easy choise :) AND some fundameltals things: sentiment was low about BTC, fear index low, some big company fail... but possible i'm in my little own bubble and i see what internet algo give me :)
Hi all. I have a question only for those experienced (at least 5 years in this market). How do you know it's the bottom or just the consolidation above the support? There are many indicators that show us to be bottom but there are also very possible scenarios that have a much lower target. WHAT, "gut's" tells you? Again, if you can't identify (indicators and...