Not perfect but watching to see if it plays out and watching volumes for breakout!
With such indecision in the market and strengthening altcoins it all points to a downside short term although this $1030 ~ $1050 has been fought over bigtime!
This "Bullish Butterfly" as with all butterflies maybe short lived in a downtrend?
After another flag I do think this is another signal for an Ether rally and gone long!
Still running the channel and expect more down until we can find a bottom first stop low $800's and then to technical targets for the Diamond Top pattern where hopefully can continue trend upwards as I don't believe the Elliott Motive Wave has finished....time will tell?
Maintaining target for "Diamond Top" pattern as bitcoin revalues!
This parallel channel in the big picture seems to make more sense but as always only my idea!
After trying to margin trade this bull flag,and getting burnt, now realise a spot trade would have been better as expect further strength due to bitcoin weakness!
Hovering over the Pitchfork median support line, will we see a break in the next few days and hit the Diamond Top pattern targets?
Still targeting this level even though experiencing short-term bounce!
Still in the balance and targets still achievable?
This long term pitchfork has consistently been hitting key levels so to break through will be hard! Confidence for the long term bull still intact if we can hit the technical target and bounce back? Target $812/14 vert short term and if broken $690.
It is now in a very uncertain area for direction and consequently the bulls and bears will fight on which way to go. It is still my contention that the Diamond Top pattern will play out so taking us to the target on the chart £601 or B.
With such strength there has to be a pause so I believe even though not in position this will continue upwards?
As well as the Price Trend Diamond Pattern now turned bearish with this confirming Doomed House &Three Peaks I expect the technical target of $690 thepatternsite.com NB: All three EMA 's pointing downwards now.
Sold out as I believe this is possible but not inevitable? Technical Target for this pattern £601.
Out of long margin trade after reaching neckline of diamond pattern. It is possible can go either way now still holding spot coins from lower down but if there is a pullback($1140/1170) the two targets stand. so watch for any throwback to confuse the issue? High Target : $1547 Low Target : $707 Good luck!