Hello Traders 🐺
This is a short and quick emergency update for ETH, because I personally think that we are about to see a massive reversal in the market, especially in the Altcoin section:
1_ Falling wedge: ETH is inside a falling wedge pattern just like BTC. They have the same pattern and also we have clear signs of bottoming out for both of them.
2_ Bullish divergence on the Daily chart: If you pay close attention to the RSI, you can see that we have a massive bullish divergence and this means breakout is so imminent for ETH, and this is going to be to the upside rather than downside, because honestly we are about 60% down from the ATH price — which in my opinion is enough correction for bulls to come back and take control.
3_ BTC.D is about to top out: If you saw my last idea about it, you know that we have a very huge bullish divergence — not on the daily, not even on the weekly! We have it on the monthly chart!!! That's f..king enough to be extremely bearish on BTC.D and be over bullish on ETH and Alts as well.
4_ ETH/BTC is very close to the monthly support and demand area: I will publish a complete idea about it because this is beyond the current idea and I have to explain it in detail.
Oh right guys, I hope you make the right decision — and also always remember:
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
🐺 KIU_COIN 🐺
This is a short and quick emergency update for ETH, because I personally think that we are about to see a massive reversal in the market, especially in the Altcoin section:
1_ Falling wedge: ETH is inside a falling wedge pattern just like BTC. They have the same pattern and also we have clear signs of bottoming out for both of them.
2_ Bullish divergence on the Daily chart: If you pay close attention to the RSI, you can see that we have a massive bullish divergence and this means breakout is so imminent for ETH, and this is going to be to the upside rather than downside, because honestly we are about 60% down from the ATH price — which in my opinion is enough correction for bulls to come back and take control.
3_ BTC.D is about to top out: If you saw my last idea about it, you know that we have a very huge bullish divergence — not on the daily, not even on the weekly! We have it on the monthly chart!!! That's f..king enough to be extremely bearish on BTC.D and be over bullish on ETH and Alts as well.
4_ ETH/BTC is very close to the monthly support and demand area: I will publish a complete idea about it because this is beyond the current idea and I have to explain it in detail.
Oh right guys, I hope you make the right decision — and also always remember:
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
🐺 KIU_COIN 🐺
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.