If you find this information inspiring/helpful, please consider a boost and follow! Ethereum appears to be printing a beautiful impulse here. An impulse is a fantastic anchor in Elliott Waves. There are many ways it can develop that could telegraph a potential for continuation, or a reversal. I want to see a completed impulse down here at a lessor degree,...
Bitcoin hangs above $40k as ETF-led rally fizzles: After peaking at FWB:49K immediately after the launch of the ETFs, the price of bitcoin (BTC) has since dropped over 20% in the two weeks following, reaching a low of ~$38.5k on Tuesday. BTC is now trading back at the levels seen at the start of December, retracing the rally experienced in the build up to the...
Taking a peek at the ETH coin on a weekly basis, we see a nice dominance of it where, while BTC is tanking, ETH is pushing!! With more and more rumours about Ethereum ETF, prices seem to follow up the movement of BTC (before the ETF) If we see this kind of move, we might see ETH near $3500 from where we are seeing a very high probability of downward movement or...
Grayscale Ethereum Trust ETF appears to be forming a giant head/shoulders. If it continues in that direction, this would make it bullish in the near-term, up to around 20-21. After hitting 20-21, pay attention to whether it succeeds or fails in confirming the pattern and the succeeding in staying below neckline lows or failing and moving back above the right...
Well, back to Bitcoin and Ethereum as trading pairs for this trader. Gulp, cough cough. These are big freaking whales and waves, I tell ya. WOWie!!! Lots of biting by big sharks (so big, sharkies are called "Whales" LOL! Oh boy this little dogFISH feels tiny after the last few days of surfing. WOW what a way to end a winning streak! Now I have to wash my...