price has been going down and its not a suprise at all, even stocks fell and btc is somewhat related to some stock out their in terms of charts. price in my opinion going to look to the strongest possible support level. in out previous analysis it looks like the head and shoulder pattern is playing out
Is this the buttom based on my previous analysis? Prices sank to ~39k area. This could possibly reverse here
Don't fret, don't be scared it happens always. On the monthly chart theres a possible double top. Zooming into the daily chart. You could see a H&S with price at the neckline. Brace yourself for 39k possibly
Ethereum has made a solid run up. But there's a time for correction I think it's now there's a divergence on the daily timeframe. Price making a five wave up. With an inner five wave starting from the wave 2 correction of the larger wave form. Currently and possibly it can make a wave 4 retracement of the inner wave.
Let's brace ourselves for 79k. This could happen in the next 3months. Larger price correction is over
Bulls can push price to 50k area. price has been in an uptrend and still bullish with a BBMA buy momemtum. my target before retrace id 50500
Price made a good recovery. Now the question is when retractment. Or would there be any?
Wait for a retest at least. Target $170. Double bottom spotted, price above green MA