Price only goes up or down, but the paths it can take are infinite.
To help fight my biases I take a number of potential paths including important zones where price is more likely to stall or bounce.
With ETHBTC the over-all shape since the lows is that of a large flag which could lead to an impulsive break up. The move resulting from this would be powerful, but...
I still believe this is an accumulation but might take 1 year more so I updated my previous idea, I believe we are going for a spring based on wyckoff accumulation. Altcoins on USD pair should see lower lows as well:
Other things being equal, the symmetrical triangle denotes continuation of the previous major movement.
A helpful guide as to an advanced forecast of break-away direction is the pattern of the whole movement preceding the beginning of the triangle's formation. If the preceding move has been long and begins to show other signs of possible exhaustion, then the...
Core developers of Ethereum have agreed on when to launch a highly anticipated hard fork. At a meeting on Friday, the developers scheduled the Constantinople upgrade to go live at block 7,080,000. According to data on the Ethereum blockchain explorer Etherscan, that block should roughly coincide with January 16, 2019.
Insight pattern I reveals is ABCD pattern for ETH
WE wait for correction to Fibonacci and prepare for next middle bull of Ethereum.
The target is zone of D.
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Running this idea to test an observation.
If this is right, an ETHBTC trend reversal is stirring up, might be aligned with bullish rumours on ETH futures and the block reward reduction from 3 to 2 ETH. Target for the falling wedge should be the level at the end of the arrow.
Let's see if it does the thing.