So yesterday I posted a VERY bullish chart for ETH and it is the current model that I am favoring. If you are not familiar with this chart it is attached below.
I have received a lot of response to it and wanted to share another model that is also still equally valid and no so bullish in the mid/short term.
I am currently favoring this more bullish model until given a reason not to. As in when it actually brakes below the main trend.
In the event we are seeing a macro swing failure we should see rejection with a rounded right shoulder.
Bullish sentiment belongs above the trend BUT NEVER below.
I have received a lot of response to it and wanted to share another model that is also still equally valid and no so bullish in the mid/short term.
I am currently favoring this more bullish model until given a reason not to. As in when it actually brakes below the main trend.
In the event we are seeing a macro swing failure we should see rejection with a rounded right shoulder.
Bullish sentiment belongs above the trend BUT NEVER below.
Comment:
Respect the dump as it doesn't care about our thoughts and feelings. Markets have the potential to face some serious corrections still. Although it is entirely possible for prices to rise it is equally likely that what forces the money printer on in is a SERIOUS correction.
