if we hold this low, we will probably get a revisit to the top of the wedge and then possible movement towards a breakout of the wedge... if this bottom trendline holds I am strongly long here
if we continue making highs i expect we may be forming a perfect abcd pattern with final point in the 1800-1700.
we're having some nice channel movement ongoing and if we hit the major resistance at 2.9, retrace down to 2.6 and hold 2.6 i think we have potential to go to retest the ATH. i am watching 2.6 to see if it acts as major support. if it's broken through with volume to the downside then this formation is invalid and we will probably retest the lows of where the...
I expect a bounce up to 2.7-2.8 and then a drop down to 2.5-2.6 before a longer extension up to 2.9-3! let's go
seeing a harmonic pattern forming since the last bottom, currently in a classic continuation pattern before heading down.
since we've been so crazy overbought, it stands to reason we'll have a pretty large retracement if things surprise to the downside. if that happens, i envision this scenario... hopefully i'm wrong. If we take prior drawdowns in consideration, a 30-50% move would bring us pretty close to these figures.
let's see how this turns out, since we didn't break support and head back down to make an inverse head/shoulders - now it's looking like we're in a proper bearish head/shoulder
looking to see if a bounce goes up to major trend line, if we break the trend line then it's all in - otherwise we're going to retest prior lows.
seems we may be heading for lower lows if the same pattern repeats itself as last time.
looking like we might be heading down for an interim. thinking we'll hit some resistance bf bouncing up towards 900... hopefully i'm wrong and we have a breakout towards 900 more sooner :)
so i noticed a very interesting correllation b/w eth, btc, and the e=mini futures... i'd like to know what you guys think about it? white is eth fyi..
seems to be a new head and shoulders developing... be careful
forming head and shoulders - thinking we're going to take a quick ride?
Looking like we're forming a abcd pattern.. I put D on next high resistance... time will tell
seems we'll be heading down from here, expect we hit some resistance at prior bounce and then up to 1,110?
Looking over the regression line and prior behavior of dips, thinking we're heading to touch the top again.