Interesting fractal at play here from the 2014 bear market and now. My custom indicator just gave the same signal it did at almost the exact same junction as well.
I made this char a couple weeks ago. Interesting to see if we follow along with this. This is calculated out, i've just removed all my coordinates.
Strong case to be made for an Ethereum initial bottom here. Into accumulation range for some months now with one final capitulation event before heading into a bull market.
Possible bottom scenario. Posted this a month ago. Seems to be following rather closely.
WAVES looks mega bullish to me. Structure is turning out great and indicators are showing good signs.
Playing with the chart a bit. Seems like a possibility.
Indicators look weak. Price action looks weak. We're at resistance right now with decreasing volume.
My indicator gave a strong buy signal approaching but has yet to show divergence which would confirm a strong buy. A dip to 3420 area would confirm this divergence and provide a potential opportunity per the guidelines of the indicator.
Making a strong case for a bottom being in. Likely to bounce in the accumulation zone with one last capitulation event. Here's the original post from september.
I think it's likely the bottom of the ETH/BTC pairing is in. With some sideways accumulation in this zone with possible lower low with a wick.
Not trade zone for me. Confirmation of direction upon breach of either zone.
Interesting junction here. This looks an exact opposite move as to what happened last year in a similar price region. One would expect continuation up from here. (Up on an inverse chart is down in reality.)
We see the OBV breakdown at 6k leading to new lows. Now we're hanging by a thread. If the monthly closes at resistance on price but support on RSI and OBV then I'll have to wait for further direction confirmation before entering a position. A close a bit lower puts us below supports on all accounts, and vice versa with a bit higher close. However the weekly chart...