loom showing bullish reversal sign on weekly, weekly bullish div, coupled with bullish volume spike at the bottom. the bottoming process can still take up to 1-2 month, before major rally happens, the target is outline on the chart
it has been in a down trend for more than half a year, a tradable rally is finally near us now. the momentum finally started shifting towards upward
the indicator indicates weekly trend change on eth is coming, it only appears two times in the history.
we are forming a big cup and handle on 2W chart, sideway choppy for 1-2 more months before the biggest rally awaiting ahead of us. key level is 8-8.2k, 8.6k. for now. even if we dip below 8k, dont panic sell. (absolute low could be 6.4-6.8k, but not likely) a few things to keep in mind: 1. once bitmex funding fee goes neutral or negative, be cautious with your...
bull market resume, biggest life change event is ahead of us, my target for next year is around 25000, any retracement is for long
we are getting an alts relief rally , once btc wakes up, should be before 2019 Jan, bitcoin dominance will hit new all time high. that will be time for real alts season
delusional alts season caller comes back again , but we are still not there yet. Fundamentally we do not have enough dumb money in the current market, and there is nothing fundamentally can drive the alt coin price. target dominance 80-90% before the halving, and 0.01-0.012 btc per eth... we will see
strategy, 1. long the closer to the green zone with tight stop, 2. long the break of red zone when pull back comes to the second red zone 3. short the first red zone if we see weakness
looks like things changed, bull gradually take control, high time frame still bearish until we took out 12000, however, on the low time frame, bull is gradually gainning control on 4h. need to be careful shorting imo. resistance: 11.2k, 11.5k, 12k. playing the low time frame bull side is easier now: only support i care about is 10550. as long as 4h dont close...
bull or bear, the red zone, learning bearish, will hedge spot from 11k-11.4k
so moonboy is happy with last pump on one, confidence is building, the road rekt all the bag holders and moonboys just getting started
a new generation of noobs are coming? people are getting reke again and again on those ieo scams. buy at the green box, wait for cz to pump ur bag, and noob fomo iin
using obv to spot distribution and accumulation, , target some where between 5-6k, or low 6k to finish the second wave in for the bull market (if we hold the price i mentioned)
eth/btc short term bounce, long term bear , next bull market bitcoin dominance will go higher
the parabolic run signifies the first wave of bull market, we are still early, every swing in bull market has 100-200% pump, followed by 20-40% retracement. buy the pull back hold for your deal life