harangju

harangju

- The chart looks like a month-long downward-sloping cup & handle pattern. - Price target somewhere around $2,600. - Given that ETH has already dipped below the EMA ribbon, if ETH goes up, it'll be a strong move upward. - Still, a $1200 ETH still in play - see related ideas.

harangju

- In the previous bull run, ETH had two corrections that (1) bounced off of the daily EMA ribbon and then (2) further dipped to the 200-day EMA. See Link to "Historical ETH correction patterns". - The price ranges from the top were 66% and 50% for July and September 2017, respectively. - So the historical pattern is: (A) dip below daily EMA ribbon, (B) bounce, and...

harangju

- In the previous bull run, ETH had two corrections that (1) bounced off of the daily EMA ribbon and then (2) further dipped to the 200-day EMA . - The price ranges from the top were 66% and 50% for July and September 2017, respectively. - So the historical pattern is: (A) dip below daily EMA ribbon, (B) bounce, and then (C) further correction to the 200 daily EMA .

harangju

- price target at 54k

harangju

- target at $1875

harangju

- symmetrical triangle on the 4hr candles - upper target of $50k - lower target of $43.6k

harangju

- inverse head and shoulders pattern - neckline at long time support/resistance line - price target at $37500

harangju

- Target for W breakout is 35200, right at the larger symmetrical triangle resistance. - Target for smaller symmetrical triangle breakout is 36200, which would break up out of the symmetrical triangle and be very bullish. - I am expecting resistance at the downward trend line and further consolidation, mostly because the weekly RSI is still high at 75.

harangju

- BTC weekly RSI still high at 75. In previous bull runs, RSI dropped to the 55~65 area after run-ups. - BTC in a descending triangle on the daily and weekly charts. ↳ We could have another week or two of consolidation before the next run-up.

harangju Updated 

Price target: 37,270, right up to the downward top trend line

harangju Updated 

A small hourly W with price target up 5% from neckline.

harangju Updated 

- BTC broke down from ascending triangle and confirmed breakout. - BTC may see support in the larger symmetric triangle. - After breakout from larger symmetric triangle within a week, upward price target of 46800, and downward price target at 24800 support.

harangju Updated 

- It seems like we could be breaking a head and shoulders pattern in the next hours. - May want to watch it break support at 34800 before taking a position. - Potential target at 29900 support. - The dip would form the rest of the C wave correction, down from the ATH.

harangju

- If we see a higher low, we could be getting a fifth wave up to the all time high level. A potential entry point for a long trade at the higher low. - If we see a lower low, we may be in the C correction wave. We might then get a symmetric triangle from the 27800 low and the 42000 high. Another potential entry point at bounce off of the lower low.

harangju Updated 

Symmetric triangle playing out and should break out within the day. Upper target to ATH at $42,000, lower target to around $26,500.

harangju

- In the hourly time frame, BTC consolidating and neutral. - In higher time frame, weekly RSI still oversold at around 80. - We could see another leg down, possibly to .236 fibonacci retracement level (from bear market low) at around $32,700. If it bounces off that level, that would be a higher low and bullish (maybe waves 1-2). - If it goes down to the $29,800...

harangju

Waiting for potential head and shoulders pattern... If it occurs, price target to $32k, also a resistance level .