iEatBeaver

iEatBeaver

we closed below the trend line on the 4hr chart expecting to hit the bottom of the upward trend started from when we recovered at $86 if we going keep this upward momentum going then need to bounce at $180

iEatBeaver

cypher says we goin down to $209 if we can bounce there and get over $217 then $233 if we break trend line at $209 then $195 then $181 then $175

iEatBeaver

wanted in on this one yesterday and forgot about it this morning really kicking myself now I am curious if this can break this trend line and make it a new support got to start digging for info

iEatBeaver

hoping this one one plays out this is nothing more than speculation don't think eth will fall at the same speed as btc this time have a feeling some are cashing out btc for eth

iEatBeaver

Clearly i've been missing some information this last week been watching millions being poured into eth banks - oil money - gov ?? people with too much money having fun ? but seems every time eth looks weak and is ready to drop a player jumps in and pushes it over the hurdle keeping the bots trading between the 9,21,and 55 ema on the 3min chart last night push...

iEatBeaver Updated 

still following upward rising wedge starting to see signs of weakness not seeing any breaks above the trend lines could see a dip to $189.5 - $192 and another quick bounce back up to $196 for another crack at $200 - with a high of $203 if we hit $203 expect a drop to .5 fib of the day expecting to see more of this painful sideways action till after BTC halving event

iEatBeaver

can see a slight dip to the $5.71 area with a bounce up to continue upward trend a close below $5.68 will continue the downward dip to $5.49

iEatBeaver

if there is a close below the bollinger bands on the one hour chart expect to see a drop to previous support levels will probably see a pullback at the top of bollinger bands - as usual watch for the 15:30 est for the most volume this will be a clear marker sign which way this stock is going

iEatBeaver

seeing signs of support on the one hour chart need a close above the 21 triple ema for and upward breakout a close below the bollinger bands will confirm weakness and expect a downward dip if 1hr chart fails will revert to 2 hr chart and continue to watch this trend for signs of weakness expecting to see a downward dip to $181 - 185 - if this level cannot...

iEatBeaver

if this cypher formation holds expect to see us visit $160 support area before the trip to the moon

iEatBeaver

looks like btc is holding strong and may have created a new support level at $7535 starting to see btc gain on eth again as much as I want to short and try and gain more Satoshis but with halving coming up i'm guessing miners need to pump price so they can afford to run another year which means I do not see much selling pressure until after halving takes place...

iEatBeaver

if you could consider that a W pattern then we should be heading to $171 - $169 support zone area

iEatBeaver

if we break $192 then I imagine we shall be heading back to our previous support zone usually 3 waves - which I have marked out bullish long term as we still heading upward in the upper part of the trend channel

iEatBeaver

anyone got another 6 million usd to pump with or can we head to correction area and allow us little fish take some profit and get back in the game

iEatBeaver

looks like we are at the bottom of the trend line a break out above 25.59 will confirm target area 26.45 most volume will be at 15:30 est time expecting a pull back quickly due to being a friday people will be taking profit

iEatBeaver

we still rising nicely in the upward triangle most likely see a dip to $172 area for correction - people taking profit marked out what I think will be the course of eth for the next week

iEatBeaver

expect a fake pump to trap bulls before a drop to correction cancel out stop losses and trade sideways a day or two before continuing on its downward trend comments are appreciated and accepted lets talk it out people

iEatBeaver

But i'm thinking bull trap as everyone was expecting a bear trap we hit the high of descending trend line volume went up fast which usually follows by fast retrace i'm going short till we hit the $161 area where we bounce back here to $182 and try it all again