Basil13

ETH - a follow up with downside play

Short
Basil13 Zaktualizowano   
POLONIEX:ETHUSDT   Ethereum / Tether USD
Primed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.

This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.

if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
Zlecenie aktywne:
Found Mutiple BARTs on the Binance chart.

Transakcja zamknięta: osiągnięto wyznaczony cel:
bounce looked weak here but pushed through predicted 420 to 430, looking for re-entry at lower levels.

Komentarz:
If fractals guna fractal and market cycles guna market cycle - we could see this. half price ether from here vs the bitcoin
Komentarz:
So that EW drew up on the original chart is playing closer than my arrows which broke straight through. interesting times
Komentarz:
Pivot / Predicted Possible wave 1 Hit beautifully. maybe i will look for a re entry if support is found at $550 for a possible wave 2, or maybe i wont if the dumpening occurs past these levels. I personally do not value 1 Ethereum over 500 dollars. if i bought bags of it in 2016 i could trickle feed it out slowly at any level here for an insane profit. how long will the rocket stay flying when the propellant is being depleted?
Komentarz:
found a nice bear channel on the bitcoin pair;
Komentarz:
Ties in with the baseline of 0.035/0.040
Komentarz:
looking weak here and bitcoin is just breakout out
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