Is this the beginning of a right shoulder on a Reverse Head and Shoulder Pattern? If so, this looks like a tremendous opportunity to catch a good Risk vs Reward Trade
We have years of data to look at now and there is no reason to believe that the next top could touch the $100k area. Looks to be around sometime mid-2025. Let's hope for the best, but prepare for the worst. Don't worry about where the price goes. Think about what you will do when it gets there. Good luck and be Blessed
Greetings HODLRs!
I've been playing the 0.618 area as a buy zone along with the trend line shown here. My prediction is that sometime in mid-August will be a touch of the $27,500 area followed by a continuation to the upside.
Not Financial Advice, just sharing what's been working for me. Stack those SATS!
This is a nice, healthy, and beautiful Pull-Back to what is a good buying zone.
Fibonacci Level to the .618 area is a likely scenario. If $25,000 cannot hold, it's be choppy trading in the low $20,000's.
HODL ON!
Not Financial Advice. Don't Buy/Trade more than you can afford to lose.
Going down. Descending triangle shows some challenged support at $19k. I think it's just a matter of days until the bottom falls out from this support zone.
Next stop down is the $10k to $12k. Last chance to pick up BTC before Regulations are final, Laws are in place, and the BTC rush is on.
Hello All!
Hope you are all doing well and are happy and healthy in mind, body, and spirit.
Here are some long term trend lines that seem to be doing well for showing areas of support and resistance.
If $55k level fails to hold, next stop is around $50k. Good luck everyone!
Hello all! There are many ways to place the Fibonacci Lines to predict buying and selling zones. When placing the Fibonacci lines beginning at January 1, 2021 you can see that we are now sitting just above the 50% retracement level. This is potentially the completions of the pullback and we will soon be printing the 3rd wave of a classic 1, 2, 3 wave pattern.
Any way I look at this, it looks to me like a reversal pattern playing out. I think the drop has ended and we're about to see a nice pump up to the $45k area.
OK...Just having a little fun with this one. Drawing a trend line back over 4 years from the top of both bull runs, extending it out until Jan 1, 2021 gives us a top price of $7758 by end of year.
Let's go ETH baby!!! Charts don't lie :)
While I'm not an Elliot Wave Guru by any means, it looks to me that we have a 1,2,3,4,5 impulse wave with a 6, 7 extension. Followed by a corrective wave with the current price being at the 2nd wave extension now confirming Resistance at $55,000. If we fail to break through $55k with volume, I would flip short term bearish with a price target at the bottom of...
As the Ethereum community is predicting $3000, $5000, $20,000+ ETH prices, I am predicting a retest of support at around $2100.
Depending on your trading time frame, I would say there is no harm in taking some profit at this level, as there can be a $400+ pullback to retest the $2100 handle as Support. I'm bullish on ETH, but just trying to counteract all of the...
