there are 3 main resistances and 3 main supports . let see how would ETH reacts to resistance area .
important note : ETH deciding to correct ( to showed supports on the chart ) , will lead to breaking this ascending parallel channel which is not good
someone once told me : " Time is a flat circle. Everything we have done or will do , we gonna do over and over and over again forever. "
in the last cycle , ( almost ) 10% before taking back the ATH , btc experienced a 50% correction . as you can see in the recent mini-cycle the same thing is happening step by step . also the weekly chart doesn't seem well ( see...
every time that EMA 50 goes below the MA 50 on weekly chart , a massive correction ( 60% _ 70%) starts from the next candle . as you can see this time with a 60% correction btc can reach 20k which is a nice pullback to 2018 and the bottom of its ascending channel . watch the related idea below for more information
btc stuck bellow the middle line of its old bullish channel . btc needs very huge amount of market cap in case to reach the top line of this channel wich means 500K . in other hand it doesn't need anything but PANIC and GOVERNMENTS to reach the bottom line of this channel which means 20K .
fighting with fiat-governments-bank systems and etc. only leads to two...
technical : with reaching an old trend line on weekly chart a 18% correction happened ( i,m tired of keep telling you guys that I TOLD YAAAAA :)) ) . static support line at 3570 did a great job but unfortunately i think this support line (3570) gonna break too . we might see each other down there . somewhere around 30k-31k
ETH won,t survive if doesn,t fix gas...
tip of the iceberg or end of correction ?
everyone was saying 72k and it went 52k
now everyone is saying 48K and it will be ... ?
btc will surpirise you every second you are dealing with it .
48-49k is a very important area for btc . most companies and etf,s(tesla - musk - grayscale - jpmorgn) bought huge amount of btc near that area but pleeeeaaaase be aware...