ETHBTC long term Cup & Handle
It looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.
Trade active
I'm LTH on this so it doesn't really matter, but it looks like I drew the handle too far up. I should have expected a 50% retrace. I laddered my buys so I got in a bit lower, but most of it was around 0.59. We'll see how it goes. Updating stops.Trade active
still in range. should reach target around new year
Email me at afooltbs@gmail.com if you wanna check out my discord server. Mostly dead but lots of good info!
-Brett
-Brett
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Email me at afooltbs@gmail.com if you wanna check out my discord server. Mostly dead but lots of good info!
-Brett
-Brett
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.