just a heads up, looks like a break out is coming. . there are a ton of bullish indicators firing off on the 1hr. Double bottom, bullish divergence on the rsi and the ascending wedge.
Some thoughts and these are just my thoughts. I'm in no way an expert here simply just using my eyes to spot patterns.
ok, so from looking at the underlying trend line that BTC has been using as support all the way back to the beginning. if we use that as a guide and assume that BTC will continue to bounce on that support then we can look at some possible trend...
Just noticing that there is a huge teacup pattern that has formed on the ETH/USD Daily time frame. Usually, this is a pretty bullish sign. Could ETH be headed for a big rally in the not too distant future? am I wrong here?
if you look back on the daily time frame at dates starting with june 12 2017 through to dec 12th 2017. you will see that the swing high to low patterns closely follow our current pattern, Jan 19th to now. if this current plays out the same as the pattern in june 2017 then were headed towards a nice breakout to the upside.
