Potential Ethereum Bullish Cypher Harmonic. 35%+ gains coming
As you can see with the attached chart, ethereum is looking like it is making a bullish cypher harmonic. We are rapidly approaching the .786 at 1853$. It projects up 38% from this bottom assuming this is standard bullflag behavior. I'll be buying 1853$ with a stop half a percent below and aiming for 38% move to the upside aiming around 2572$.
______Bullish Signals_________
Bullish divergence on the 4hr chart macd.
Bullish divergence on the 4hr rsi chart.
Bullish Cypher harmonic .786 retrace.
RSI on the 4hr chart is well below 30 for the first time in a month.
______Risk Reward__________
Risk reward on this one is 76:1. Anything better than 4:1 is acceptable. That makes this 19 times better than an acceptable trade.
______Market Sentiment_____
Crypto is about to crash again but there will be a pop upward in the coming few weeks for all coins. Ride the wave up the next couple of weeks before the next major crash. Ethereum is the best ticket out there.
Crypto will crash near the end of july/beginning of august. Bitcoin is going below 20k and dragging everything down with it.
Bitcoin might drop to 18,500 and resume the bull market from there. Maybe 14,000 or lower and prove this is the beginning of the bear market. Just in a wait and see type of mindset right now.
______Bullish Signals_________
Bullish divergence on the 4hr chart macd.
Bullish divergence on the 4hr rsi chart.
Bullish Cypher harmonic .786 retrace.
RSI on the 4hr chart is well below 30 for the first time in a month.
______Risk Reward__________
Risk reward on this one is 76:1. Anything better than 4:1 is acceptable. That makes this 19 times better than an acceptable trade.
______Market Sentiment_____
Crypto is about to crash again but there will be a pop upward in the coming few weeks for all coins. Ride the wave up the next couple of weeks before the next major crash. Ethereum is the best ticket out there.
Crypto will crash near the end of july/beginning of august. Bitcoin is going below 20k and dragging everything down with it.
Bitcoin might drop to 18,500 and resume the bull market from there. Maybe 14,000 or lower and prove this is the beginning of the bear market. Just in a wait and see type of mindset right now.
So essentially when it turns 12:01am on 7/15/2021 eastern time.
Timing is an estimate right now. It's definitely not happening in the next few candles as the RSI needs to reset a little bit... but it is going to happen in the next day or two.