I plotted 3 possible scenarios for ETH for this pump
The yellow one is my worst case where we pump to 3800 and then fall
The purple one is the trajectory of the 2k to 4300 pump which it seems to now be fitting into that fractural. Now the MACD waves matched the fractural we need to see a similar wave pattern but we can watch how closely it matches the purple...
The MACD direction is pointing down 45 degrees with no obvious reversal in the next 1-2 candles TETHER will breakdown which will lead to bitcoin and other coins pumping...
Also the RSI is below 50 showing bearish momentum is increasing...
There has been a lot of FUD recently and market in extreme fear due to tubers and various people doing basic analysis on smaller timeframes predicting doom and gloom.
However as we all know the higher the timeframe the stronger the confirmation of patterns so today I present to you my analysis on:
3D ETH/BTC Time Frame
1W ETH/BTC Time Frame
on the 3D you see a...
I did a deep dive and saw that rather than what happened at July 2021 at 30k... Bitcoin is mimicking what happened at 10k in Sept and here is why...
If you look you can see RSI, Stochastic and MACD are all same levels as in Sept 20th 2020
Rather than the levels they was at in July 2021 at 30k
In conclusion I see two most likely scenarios play out.
1. We do an...
