double top, H&S and very close to break trend line.
We got a higher and lower band at 409.69 and 423.78 and an inner triangle. Price is pretty much in the middle of all the lines. Wait for clear breakout and trade to edge of the outer triangle.
Next target ~0.04280 if bull trend continues. On the downside 0.025 must hold, otherwise, target is invalidated.
Daily already above ath body, Expecting new ath.
Orderbook on kraken confirms, double bottom, bitcoin weak.
Also in correlation with ethereum (possible double bottom, no new lows)
retrace complete, it will fall down to 395-400
ETH/XBT has more vol than ETH/USD, but the line hit was so nice :)
After unresolved scaling debate, increased fees, lots of unconfirmed transactions, the confidence dropped across the boarder. Ethereum gained momentum during the exact same moment. The current situation is unchanged, some smaller replacements expected, but situation is still not really changed. Next couple of days, sideways/triangle bottom testing.
just based on my trend lines and recent price action
Channel Top Reached, short next 2-3 Days, maybe re-test recent lows
if bottom breaks, next target 1750
more or less this is the current top. I'm expecting a drop to about 380-383 before the next rise, which will hopefully bring us above 400.