Hi everyone, Today I would like to bring your attention to the possible pattern on ETH. Take this as you will, but I think where we are now is eerily similar to 5th of September 2017. Both in 2017 and recently we had a rising wedge consolidation with a massive blow off top forming after breaking up from the wedge. The blow off then retested the bottom of that...
Hi everyone, As the title says, there is a possible double bottom forming on ETH. We also have a strong bullish engulfing on daily + 3D timerfames. ETH could still pull back to around $1860 on the tomorrow's daily open Feel free to leave some comments, thanks!
Hi everyone, I think ETH is making a similar pattern to BTC at 20k: rising consolidation > huge rise that later makes a blow off top > drop is down to where consolidation started. More examples in comments. I believe movement could look something like I've drawn on chart. Don't be shy and leave a comment :) Thanks
Pretty obvious h&s here on weekly chart. I don't think this is the top because of the cycle theory and the fact that as long as BTC holds 38-40k we're still in bull trend. A drop down to 38k-42k will just make a hidden bullish divergence on weekly, and from there go straight toward 70ks Alts have been exploding recently and the Bitcoin dominance chart is at the...
Hi all, The scenario I'm sharing with you can be used if certain movements occur. The idea is only based on 1/4 of a pattern that occured 2 times since the March crash. I am comparing the patterns from left to right. All patterns seem to start with a flag after a run-up, an over-extension and dump back into the flag. From there the price slowly moves higher...
Hello dear readers, welcome to my analysis of Bitcoin. Let me start from top down: - The upcoming weekly close is really important for the bulls. A close above $11500 would signfy strength for the bulls while a close below would mean further downward movement. - The Daily is not giving us much information at the moment. There is a huge amount of bearish...
Hi everyone, I hope everyone enjoyed these beautiful runs we've had with our cryptocurrencies. With the massive run up on ethereum I noticed a few similarities with the last run. Look on chart for the accumulation (purple), consolidation (yellow), first wave (orange) and second wave (red) and notice their similarity. The important difference here is the lenght...
Hi guys, hope you all are doing well. As the title states, we can see a head and shoulders formation on ethereum on multiple timeframes: 3H, 4H, 6H and 12H. Beforehand ethereum encountered a bearish divergence on both RSI and MACD which resulted with a drop from $249 to $234.6 Anyhow the target of the head and shoulders formation is a price around $228, which...