EthereumLong
Is this the resurrection of ETH ... and BTC?
Updated
Hi All,
I haven't been posting analysis because as you have seen, not even the TOP ones have been able to predict. Whatever they say, it goes in the other direction. That doesn't mean I haven't been doing my analysis. There are somethings happening that worth to do a brief explanation.
It's clear that my previous prediction failed (dashed purple lines), and you guys can check it below. The bear flag extended longer but always remained between my boundaries.
In fact, the bear flag haven't failed, if the whales produce a huge drop we will be ok. Nevertheless, during the last 2 days we have been going through "micro" bullish flags that has been taken us up and up. During this trend we broke the descending wedge (green lines), which is a bullish behavior. And this is happening the same in BTC of course. What will happen now?
Ok, we broke the descending wedge, we have been through a set of bullish flags. There is a huge resistance in $415 and there is where a new flag is forming. If whales don't make us fall we will go though up to the dark-blue line which is the ascendind trend that comes from Jun-17. We will fight there and if we succeed we will hit the upper trend of the huge descending path that started after the boom.
All these is happenig in the BTC, although in there we are a little farther from the edge (descending path) although we are already above last year's ascending trend line.
Of course the second option will be to fall and continue in the bearish flag and the scenario of $280 will remain valid.
At this point no body could say what is happening. I will take the risk that my two options are 50-50 and it will not be before 12-15 of April that we know about the new news of crypto that we will find a confirmation in the future path for this year.
Comments, questions, critics? All are welcome.
God bless you all.
I haven't been posting analysis because as you have seen, not even the TOP ones have been able to predict. Whatever they say, it goes in the other direction. That doesn't mean I haven't been doing my analysis. There are somethings happening that worth to do a brief explanation.
It's clear that my previous prediction failed (dashed purple lines), and you guys can check it below. The bear flag extended longer but always remained between my boundaries.
In fact, the bear flag haven't failed, if the whales produce a huge drop we will be ok. Nevertheless, during the last 2 days we have been going through "micro" bullish flags that has been taken us up and up. During this trend we broke the descending wedge (green lines), which is a bullish behavior. And this is happening the same in BTC of course. What will happen now?
Ok, we broke the descending wedge, we have been through a set of bullish flags. There is a huge resistance in $415 and there is where a new flag is forming. If whales don't make us fall we will go though up to the dark-blue line which is the ascendind trend that comes from Jun-17. We will fight there and if we succeed we will hit the upper trend of the huge descending path that started after the boom.
All these is happenig in the BTC, although in there we are a little farther from the edge (descending path) although we are already above last year's ascending trend line.
Of course the second option will be to fall and continue in the bearish flag and the scenario of $280 will remain valid.
At this point no body could say what is happening. I will take the risk that my two options are 50-50 and it will not be before 12-15 of April that we know about the new news of crypto that we will find a confirmation in the future path for this year.
Comments, questions, critics? All are welcome.
God bless you all.
Note
Ok, we completed the first blue leg as I expected but then whaled did their thing and brought us back to reality. We have been in this "flag" for many days. Again, we will need to wait and wait to see where we go. It's easy to say, but either of these two scenarios will play.If we don't get out of this side movement we will hit the downtrend upper line around mid-April and that will be exciting to watch.
Let's be patient guys.
God bless you all.
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