So my previous idea was invalidated, sad to say i didn't add on to my existing longs... but importantly i didn't lose any capital! My alternative count is now in play, i see this as Wave B of Wave 2 (Wave 1 start on March lows). I am now expecting a Wave C to form. Before shorting i will be waiting for confirmation on lower time frames; shorting here is risky for...
This last 6 weeks of trading ETH or BTC has been pretty frustrating, lots of shifting bias and no clear pictures. BTC and ETH are very closely correlated, so for the most part the charts are similar, however due to DEFI i do expect ETH to outperform BTC. My idea is that ETH is currently ending it's B wave within Wave 2 of a larger degree impulse since March...
It is clear from the chart that ETHGBP is expected to start a downtrend.
Rising wedge clearly formed on ETHGBP pairing, breakdown out of the wedge with a target of 100-95GBP will take it nicely to the 0.236 FIB which is also support from December plus R turned S back from late 2018. RSI also showing Double Top although middle of the road, not yet overbought The state of the oil industry cannot be excluded as an external factor that...
I expect ETH may repeat this pattern again.
Last few weeks have seen all crypto's bleeding. Going into the back end of march we can still see this uncertainty. The price movements in the markets arise from the millions of people who interact with it each day. The human component of the market prevail, emotions and instincts interchangeably, cause volatility. 1. The 11/03 saw a decline of -49%. Almost...
Im currently not trading as a want to allow the market sometime to orientate itself. Currently for me the market is too violitile, hence why I have completed this long-term T.A.
Doward trend in red parallel channels. Into green trend from jan into the new year
ETHGBP before rising 24%. The analysis shows that the exchange rate is rising from an accumulation wave sequence. You can also see that you started copying the previous fractal in the figure at a 1: 1 size. If this copying continues, the rise of the second fractal may be accelerated. Therefore, current levels may be suitable for long-term entry.
Possible ETH/GBP 4 hourly Candle-Bar chart price movements
Possible medium-term one month price movement of ETH/GBP.
Ethereum is looking stable because there is less dumps in previous months. While Ethereum road is clear to the moon. Because as we have experienced and check the stability of Ethereum it's cleared. People can easily trade without any fear. It can go easily to 1000 USD till September. Because the currency is looking stronger as compare to other. While main...