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Looks like ETH should out perform TRX in the next two weeks. Or is that a Head and Shoulders on Eth vs. TRX value???
Found a somewhat feasible bearish scenario. This doesnt look probably but is possible. If the worst happens, there should be a bounce right back to buy price in a few days. So long on spot is worth the risk.
I can see both of these scenarios. But they both present a leg up first in the next few hours. So far, no other directly downard solution looks likely. Not convinced yet.
I'm mentally attacking this with everything I have to see if any other chart looks more statistically probable. Not convinced yet.
It's hard to compare bitcoin to stock markets because they are asleep 3/4 of the time!
This is what might be happening IF we are indeed bullish.
Not worth scalping here. So much closer to the bottom than the top.
Again, we might be seeing the beginnings of a nested inverted head and shoulders. Too soon to know for sure.
Of course, we could just pour out of the right side shoulder into the depths of REKTL.
We have a wedge. Now we need the flag.
55% Likelihood. 60% If falls to base of decending wedge and bounces.
This would be beautiful. Valid until, well, its not.