murphesi

murphesi

Wondering if we are looking at a repeat pattern. Our recent move brought us down ~38%. Expecting a retracement and then another drop to 22k range before lift off. Thoughts?

murphesi

Looks like we are following a similar pattern to the September 5th dump. Let's see how this plays out. I'm expecting another drop but it should give us a higher low than Sept 12.

murphesi

I just realized when I published this (6 hours ago) it was marked private. Ugg. Re-publishing. My previous projection played out and we've just touched the lower long term trend line at ~405. I expect to see a small bounce here and then it will level off for the next while. I expect a boring summer ahead, but who knows with crypto! :)

murphesi Updated 

Here is a longer outlook for the summer. I think we still have a small bump up to the into mid 600's, then we step our way down to a low around ~420. July and August look like consolidation months to fuel the rocket for the fall!

murphesi

The recent moves look like a fractal. I think we are having a short move up, then sideways with a flag that will fake up and drop us down to 595. Let's see how this plays out!

murphesi

It's been a while since I posted, but the trend has been nice and steady. Now that we're flipping it's time to look at this closer. The fibs based off our high on Feb 17 are hitting consistently. For today we need to go down to around 680. The .5 fib is calling ETH.

murphesi

It's hugging this lower trend line and being squeezed at the 375 support. I think things are going to get interesting really soon :)

murphesi

I sure hope 450 holds. Otherwise we're going to stagger our way down to 390, our previous support.

murphesi

Looks like we are in an exact repeat of a previous pattern. I've done an overlay, let's see how it plays out! Bad news though, it looks bearish for a bit. Follow this to the overlay: imgur.com Sorry, not exactly sure how to get this image inline here??

murphesi

There are two possible paths we can go. The dark path to the dungeon at 390 or up to 620. I'm hoping for the path up. Either way it looks like we will end up at the same point at 520. Thoughts?

murphesi

Up for a very short time, level off and back to our bear slide down the hill. It should take us to a previous low. Support battles are going to take place at 650, 590, 570.

murphesi

I think we need to touch the top of this channel. My best guess is that it will go down at that point. Unless a magical unicorn helps break it out! Although the MACD is suggesting a turn up, and RSI is fairly low. Guess I'm bracing for the worst :)

murphesi

Going to dip and bounce