As seen on chart. The ETH chart has a different base pattern, but Im lazy too go find exactly what I want to show.
Check comments for the worse outcome in this scenario.
Also, IMO due to the low barrier of entry to run a presearch node, this is why we had the previous strong leg up. With that barrier now raised x2, this can possibly explain why price has fallen a bit. The W pattern formed usually allows for at least one bounce on the retracement. I may update this idea w/ other patterns like this to add some credibility.
Check comments for the worse outcome in this scenario.
Also, IMO due to the low barrier of entry to run a presearch node, this is why we had the previous strong leg up. With that barrier now raised x2, this can possibly explain why price has fallen a bit. The W pattern formed usually allows for at least one bounce on the retracement. I may update this idea w/ other patterns like this to add some credibility.
Comment:
Bearish View
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).