Took this one from the end of 2018. Again fractals don't mean anything, but this is what I think it could look like if we were going to make it to 8800. I think in the current economic environment something like this is likely because the frenzy if buying might have ended but eventually if people just aren't willing to sell the market has no choice but to go to a...
I don't really think fractals mean anything, but this is what I want BTC to do right now. I'm currently short.
ETH could reject pretty hard somewhere around 190-195. The question is where will it pull back to. My initial idea is 166 and bounce around that area to attempt to find support, then resume uptrend to around 216. Otherwise pulling all the way back to 146 is possible. That's a 50% retracement and is the base of the breakout from the major resistance we had early...
Here's two good ETH short targets. Two vwap reset gaps weekly and daily at the tops of two break out candles.
Here's an ETH swing trade chart. If we hold the bottom swing of this level there's a pretty good chance we test new highs. I like the way ETHUSD and ETHBTC look a lot more than Bitcoin for a swing trade, but I don't necessarily thing ETH will move up without Bitcoin. I also don't like that we punched through the bottom of the level, even though we didn't close...
I like this level at 6200. That spinner is massive and there was a second made the day after. Should be solid support.
The dotted lines are important tested levels. The rest are untested. I'm bullish on ETH since it held 120. It has the potential to make some big moves.
I think this is a reasonable short for ETH. Got filled at 267. VWAP Gap closer looks juicy. And there's possibility for further down side, but less likely. But many have tried to short ETH in the past week and failed so have a stop ready!
Not much to say here. Approaching resistance and the high at 231 needs to be retested for continuation up. Monthly is the safe bet for a short, but there's pretty strong chance that the daily will also work.
Bias long, Good levels to take profit / scalp short. 10,000 will be interesting. Strong support at around 9500. If it breaks I'd be looking for a trend reversal.
Here's some levels for the new year that I like. They are drawn from the monthly and weekly time frames. I am long at the moment from 6750.
This is an inverse Bitcoin chart. It's helpful sometimes to clear your bias if you've been shorting for a long time. A close below (on the inverse remember) 7300 for the week would be very bearish . Next target would be 8500 and presumably 9150 at which point we reach our previous failure and who knows what will happen there. Good place to take profits.
There's always the potential for a massive buy back before we cross the monthly level. That may have been what happened in 2015 to stop that crash. But we were coming out of a recession still, the market not bearish yet and the FED was still in QE with low interest rates. Times are different now. I think this looks to far gone to reverse direction now.
Failure to lose here could produce a break out.
Here's my thoughts on EOS. It's looking a lot like Bitcoin in late January of this year. It remains to be seen if it goes straight to this target, but I think it's likely it will get there eventually. There are a few levels to bounce off of before we get there. I put my doomsday level on here as well. I don't know if it will get down that far but it seems...