Price dipped a little further than my zone but I'm still bullish here until the chart proves me wrong. I think the recent drops in #crypto are mostly pricing in theoretical US rates but nothing is concrete yet. Still no blow-off top yet either. See tweets for full thread.
It's taking longer than my original line projection, but I still believe in this general move. I think we get just a bit lower and dip into the red zone before running higher. We got the wick fill, but that "support" is too clean for comfort. (See tweet for thread)
Price has been following the trajectory that I laid out on December 3rd perfectly so far (see tweet thread). We finally got that liquidity sweep below 3885 that I had been calling for over the past few weeks. That adds strength to price.
PRE looks great here. Looking like it wants to start rocketing. Also, a great company. They are my default search app. Easy to use and you collect PRE token (built on Ethereum) for every search. Buy on their site or use @Uniswap. Once this is on exchanges is will go parabolic. (Of course, DYOR).
Once price breaks 0.35 it could easily make a fast push to 0.40 and...
This move is playing out perfectly so far. We got the whipsaw move after Thanksgiving (see tweet thread for this call) and started making new highs. Curious to see how fast we get to 5k. Is this a massive rally toward 6k or a slow creep like the past few months?
I'd like to hear your thoughts. Please post your chart in the comments and I'll respond. Genuinely...
Adding here at 4340. I think we could get a volume spike to push higher soon with this formation. I would still like to see a sweep under 3885 to add more but don't want to miss a run higher from here. See tweets for more.
The move called in the last post that I was concerned about is being fulfilled (see tweet thread as well). There is now a higher probability of price making a bigger move down. I'm still ultra bullish on ETH in the longer term. It is not finished by a long stretch, so I'm only adding on these dips. I'm still hoping for price to just grab liquidity under $3885, but...
I was really hoping to see a little liquidity grab below 3885 sooner with that last push down. Since we didn't make there and we're seeing a push higher from this point, I'm concerned we might trickle up to the $4400-4500 area, then accelerate down further. If we just continue to make new ATHs from here, then I guess that's all the ammo it needed. A bit shaky here.