Ethereum still holding incredibly strong. Looks like the scam wick on the fake breaking of the neckline to clear out any noob traders placing their stop losses on the neck line. Could be popping up to retest that 300 barrier that is present and possibly blast through or come back and create another higher low and form the right angle ascending triangle. Ethereum...
Don’t sell out too early. This bad boy could continue to accumulate to absurd prices before the true parabolic leg up.
Nice little profit taking. I see a lot of sideways action still in this range of 7-9k
Fractal from previous run up.Now that doesn’t mean we are going to the moon overnight. Nor does it mean we can’t backtest it. But imo 6 k is the low
I always plotted the trend line as bitcoin always holding Above it. However it plays as a sort of magnetic trend line, where bitcoin can go below , or above, but naturally likes to play support and resistance with it at times. I do not think we are doomed if we fall below it, as I have adjusted it and it makes more sense and goes back as far as I can plot it.
Bitcoin looks weak to some. To me it’s STARTING to look extremely powerful. Don’t get caught with your pants down. Nothing is for certain and We should be prepared for 3k or 20+k
This is the setup I see over the next year. Nothing great and I don’t see us getting above ten k for the halving. I expect the bottom to be set in by end of February. Effectively setting up some huge bullish divergence and probably a huge rip to the upside once we can get on top of the upper channel resistance. If your waiting for 6 k good for you but I wouldn’t...