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ELX

eth 12-14 updategood evening,,, --- in my last eth update, i scooped it up down here near the lows. check out that post for more context and an in depth analysis of my overall bias on the entirety of the crypto market: --- this evening, i theorize that we take out the recent low yet again. pretty much accumulation phase at this point - someone's raiding everyone's stops, stealing their position - likely some bank or entity of size (don't ask me how i know). --- next month around the 18th, i think we bottom out close to the june lows i don't think the june lows will be breached though, so a very high r\r trade could potentially be taken down there. (don't get me wrong, the june lows could easily be taken out, so be careful putting too much emphasis on that area). --- once this final dip is completed, i think eth could realistically retrace 70~100% of the entire bear market drop. sounds wild, i know - but this entity has a bigger plan. --- will touch base in april ~ may (maybe). ✌
by notoriousbids
2
eth 1-10 update good evening, crypto doesn't look so hot anymore. hate to be the bearer of bad news, but i think there is significant downside in the months ahead across the entire eco-system. it isn't going to go straight down (don't worry), but it'll make its way down over time. i think eth has the potential to hit anywhere between $1900~$1000 by the end of this larger wave (4) correction. call me crazy, but this is what i'm seeing as of this evening. ✌ --- wave 4 target = 1~2k wave 5 target = 12k
BITSTAMP:ETHUSD
by notoriousbids
12
eth - alternative scenario ~morning! tried shorting eth last night & this morning it flipped my level into support, where i exited at breakeven. i could build one more potential case for this as a w-x-y flat correction for the primary wave 2 of the wave that had begun back in the summer time. this would be extremely bullish if this is indeed the case. it's also 100% possible that the bottom is in, but something tells me it's not (yet). willing to attempt to short eth one last time in my red box, between 4659~4700 with a stop at the previous highs. downside target would be pretty much near the local bottom of the previous drop, since this would be a flat correction & nothing more. 🔨: 4658 tp: 3900
COINBASE:ETHUSD
by notoriousbids
17
ethereum 🌌A black hole is a region of spacetime where gravity is so strong that nothing — no particles or even electromagnetic radiation such as light — can escape from it. The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole. Last night, a black hole was formed in the region between 4300~4400. A 2 year old trendline failed to hold as support for the first time since the 2019 lows. I'm expecting this trendline to act as a magnet for a bearish retest, before continuation to the downside. I'm not entirely sure about a price target due to this abnormally long wick, but a raid of the local lows could be a conservative target. 🌌🌌 👇
by notoriousbids
15