ETH Fractal Feb 2020
Updated
I showed this one earlier today as a potential fractal, half a day later it still seems to be in play:
Came across this one, from rally from half year ago. Looks very similar, mostly because of the shake out wick. If its real, should stay inside that tiny bull flag
From the looks of it, seems as long as it moves above 320ish, it could make another move up. Then, half year ago, it was the final wave up before we started to see some top formation. But fractals don't predict the future, just shows possible moves. So about the top formation, would not get ahead on that. It will show itself when the time comes.
Here is a zoom out of the fractal, where the yellow circles are the current position.
Don't forget to like if you appreciate this :)
Previous analysis:
Came across this one, from rally from half year ago. Looks very similar, mostly because of the shake out wick. If its real, should stay inside that tiny bull flag
From the looks of it, seems as long as it moves above 320ish, it could make another move up. Then, half year ago, it was the final wave up before we started to see some top formation. But fractals don't predict the future, just shows possible moves. So about the top formation, would not get ahead on that. It will show itself when the time comes.
Here is a zoom out of the fractal, where the yellow circles are the current position.
Don't forget to like if you appreciate this :)
Previous analysis:
Note
This idea was pretty short lived, where the 320ish broke pretty fast and since not been able to get above it. One of the reasons is the EURUSD price, which dropped a little bit putting some pressure on Bitcoin and the market Anyway, it's bit disappointing that if failed to stay above the 320, since it flagged above it for quite some time. Now it seems things have turned into a triangle. These are always tricky because they are always 50/50, since it's not an ascending triangle. Think the breakout levels are around 323/5 on the upside and 313ish on the downside
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