EBCO

EBCO Updated 

More of a reminder for myself: BTC had a remarkable run during the past couple of months and it is going parabolic. Everyone's parabola is showing something else. I have the 100k/BTC narrative for December 2019 in mind. BTC is due for a correction. We are between .5 and .618 of Fibonacci retracement between ATH and Dec 2018 lows, which is the area where most...

EBCO

Not saying it will but careful for anyone who is in stocks. Broadening Top is one of the major trend reversal patterns so it's better to keep an eye on. Not a financial advice, just an idea.

EBCO Updated 

ETH is halfway down into oblivion. How deep is the rabbit hole? Well it depends but I think it will be between 95 and 150. Here is why: It depends on what BTC will do. ETHBTC has major support at 2.4m satoshi levels: Bears are targeting that support level right now. From ETHUSD side of things, the bear flag is targeting 110$: If BTC continues sideways, ETHUSD...

EBCO Updated 

Hello Traders, Let's start with the fundamentals: I have no idea where this bullish sentiment is coming from. Even if ETF is approved by end of September, they won't be there until 2019 and there is a good chance that they won't be approved at all this year. Bakkt looks promising but it won't be there until end of Q4/18. I don't see why there is a bullish...

EBCO Updated 

Hello Traders, The last couple of days were shaky for BTC but remember, we had a run starting from 6159 all the way up to 8496. That's one hell of a rally without a proper pullback and now we are having a correction... Fear starts to come in but is it really the time to be fearful? I want to point a couple of things, which might indicate the other way around: 1....

EBCO

Hello Traders, Daily chart is showing strong bullish divergence and the price action already has started last Friday. I would assume the continuation of this reversal. Even though I don't think we will break the ascending triangle in the next try, it also seems improbable that we will be seeing the Gold prices this low in short-midterm. Here is the weekly...

EBCO Updated 

Hello Traders, ETHUSD has broken out of the falling wedge and sitting at D1 20 SMA. We also formed a nice rounding bottom in weekly chart. If we can continue with the uptrend, ETH can see 560$ in near term. Please keep in mind that we will need to retrace a little after the nice price action from the past couple of days. I will be buying some now and reinforce my...

EBCO Updated 

Hello Traders, BTC has broken the symmetrical triangle on 10th of June, also created an inverse cup and handle as a pattern by doing so. Right now we are testing the bottom of the descending triangle and the most probable breakout for a descending triangle is downwards. Potential upwards price action: Only to test the hypotenuse of the descending triangle around...