It kind of looks obvious. I am no chart expert, but this appeared to me a while ago, before Maneco64, an experienced trader on youtube, mentioned it in one of his videos and showed it in a chart book (it's a megaphone). Now it's hit its next top, and maybe it will travel for a few months along this line before it drops down and fast.
I just noticed this huge triangle, and that the price just might be about to break out VERY shortly, like any day. Do you think so? It's comparable in a way to the other time BTC drove along the long term trendline in 2014/2015, but this time it happened before breaking the triangle, suggesting that it's going to go further up from here sooner than last time. As...
This was deleted before, I don't know why. Perhaps I have not written enough content. Or someone was offended by the simplicity of my idea. I am no pro trader, but I know there are fractals and certain chart patterns that are accepted to have certain probabilites, statistics-wise. So here are my two ascending triangles in turquoise, plus several patterns before...
I don't believe in many words, or in a lot of lines. Can anyone tell me why this line is not more popular?
Notice how the chart goes below the long support line and then shoots up a few weeks later, basically non stop for a while. This appears to be happening again these days, and I would expect the price to go over the support line in the next few days. Of course 9k is exaggerated but who knows, that would still be "only" a 1T$ market cap. The coming recession could...
Eth seems to shy away from the 180/200 Dollar level until now. Between 200 and 300 (or 400) it was very volatile in the past bull run, and over 300 (or 400) there was no holding back. In this last bear run 200 was the region with most stability. Let's all hope for a nice jump in June! This could coincide nicely with the new PoS upgrades. The higher lows and...
According to my observations this will play out in the remainder of the year if history repeats a little bit. I am sure there are some fractal lines at the 8000 and 10.000 level, just as there was at 300 and 500 in the previous cycle. The blue line is a constant support. Enjoy!