ETH/USD to break through $50 barrier to ATH
Updated
ETHUSD seems to be entering a tightening wedge while BTCUSD looks to be headed to a double top. When BTC breaks down, Ether should see new all time high. Lately there has been a lot of upward movement with BTC, normally meaning Ether should go down. Ether has taken the brunt of the assault very well and is extremely well positioned for a new all time high on 4/21.
Note
BTCUSD broke through the 1230 barrier sending a shockwave to ETHUSD. Look to see if ETHUSD takes this assault well. If BTCUSD rises to 1290 or 1300 it will be touching it's previous All Time High. I doubt it will break the 1300 barrier before being turned down. If ETHUSD only drops to 47.5 then it's showing very strong support and should have a long uptrend coming starting 4/22Note
Support has shown up and ETHUSD is recovering from the drop early on 4/20. BTCUSD is beginning to show weakness. News that exchanges are having BTC issues this morning may enhance the downturn expected to begin end of 4/20 early 4/21 for BTC and increase the gains in ETHUSD during the same time period. Target: +$56
Note
Looks like the set-up is happening as predicted. 24 hours at this level and then ETHUSD should break up. Note
BTCUSD being at 1245 and ETHUSD being at 49.30 is pretty amazing for ETHUSD in my opinion. It's a small monster about to eat up BTCUSD.Note
Getting closer! Wedge is tightening. Will it happened as predicted? Or am I seeing faces in the clouds? Note
Huge wall on Gdax at 48.7. Very thin books on the sell side looks set up for the first part of the surge to start soon.Note
Hmm. Big sudden sell of pushing ETH to near 48. Does this mean I called it totally wrong and the only reason to listen to me is to do the opposite? Or is a really great chance to pick up a few more ETH at 48? I'm gonna get more ETH. Hope I'm right.
If not, then we'll try to find out what went wrong in the post idea analysis.
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