ETH.USDT (Y20.P6.E2).Looking from a bullish perspective
Updated
Hi All,
I thought I better revisit this after a gym workout, clear the mind and come back to this. Now I see a bullish perspective more so.
I think BTC influenced my negativity on the ALTs as I do see BTC already made the top.
Hence if BTC ranges here for weeks (more likely), which is 50% possible (before it completes a top reversal formation then why would all that momentum just disappear that quickly?
I see these 2 scenarios with the current levels and structure.
FYI, I bought the dip and if it drops to this level now for the bounce, its a classic bullish move so assuming BTC is not capitulating, I am going to buy more at the dip.
I'm not trying to forecast here, but look for leads with certain scenarios....so far its too early.
NOTE: the ABC waves are so far looking good on this structure, compliance.
All the best,
S.SAri
5 min chart
I thought I better revisit this after a gym workout, clear the mind and come back to this. Now I see a bullish perspective more so.
I think BTC influenced my negativity on the ALTs as I do see BTC already made the top.
Hence if BTC ranges here for weeks (more likely), which is 50% possible (before it completes a top reversal formation then why would all that momentum just disappear that quickly?
I see these 2 scenarios with the current levels and structure.
FYI, I bought the dip and if it drops to this level now for the bounce, its a classic bullish move so assuming BTC is not capitulating, I am going to buy more at the dip.
I'm not trying to forecast here, but look for leads with certain scenarios....so far its too early.
NOTE: the ABC waves are so far looking good on this structure, compliance.
All the best,
S.SAri
5 min chart
Note
Potentially, makes sense fitting in the massive triangle.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.