I choose Long because overall I do expect such a run up to and over 100k in the future as most traders do also.
Maybe right now it is not exactly the time to long, IMO I still see reasons in the indicators that suggest more downward PA push.
This chart represents what the Market, social media, traders and speculation as of the time of publishing is generally expecting to happen, a bullish parabolic Price pulse(s) upwards to 135k -165k.
I placed the time line expectation for it as a relevance to matching with the last Bull Push to 68K. This next parabolic could happen about a soon as I have it currently plotted, and I would be surprised it follows that early time line, however it might.
Watch the trends, it (price action) could take a lot longer than plotted on this chart.
This mini picture included is how i followed a logical layout for this "Run Chart".
Maybe right now it is not exactly the time to long, IMO I still see reasons in the indicators that suggest more downward PA push.
This chart represents what the Market, social media, traders and speculation as of the time of publishing is generally expecting to happen, a bullish parabolic Price pulse(s) upwards to 135k -165k.
I placed the time line expectation for it as a relevance to matching with the last Bull Push to 68K. This next parabolic could happen about a soon as I have it currently plotted, and I would be surprised it follows that early time line, however it might.
Watch the trends, it (price action) could take a lot longer than plotted on this chart.
This mini picture included is how i followed a logical layout for this "Run Chart".
Comment:
In relationship to the existing run chart, an expanded time pulse might look sometime added in like this.
Comment:
This has a span of about 4 years as a weekly chart, against this posted monthly chart, looking at a chunk of forecasting PA from coping existing PA action in solid orange arrow, and a dashed orange line representing extreme PA and a proposed bordering area for complete breakout confirmation. Basically if PA breaks-out past my proposed dashed line, PA is on a different path and further new PA considerations should be made.
Comment:
This is a closer zoom'd in view of expected normal indicator Price action future movement.
Comment:
That ETF approval really boosted the price. I am sure the ETF for ETH will boost prices as well. Be alert for halving. All long term indicators (monthly, weekly, daily) are suggesting a continued BULL strength price action movement, for many weeks ahead is my best read.
Near-term Bearish conditions are unlikely, if the 4-hour has a steep breakdown this will breakdown the daily and possibly start a short-term bearish condition.
What we should all be aware of is that there will be "ga-zillions" ( exaggeration ) of new investment "dollars" entering into the market. This alone will continue to drive up the price of TOP 5 cryptos for years to come, until the market decides otherwise from reasons I could not fathom to think of.
Near-term Bearish conditions are unlikely, if the 4-hour has a steep breakdown this will breakdown the daily and possibly start a short-term bearish condition.
What we should all be aware of is that there will be "ga-zillions" ( exaggeration ) of new investment "dollars" entering into the market. This alone will continue to drive up the price of TOP 5 cryptos for years to come, until the market decides otherwise from reasons I could not fathom to think of.