Can it be this easy still? The bull run is definitely not over, barring some black swan event of course, however, I don't really feel in my gut ETH breaking out tonight, I think one more leg down would make for a good sort of three-dives-esque pattern.
While the BTC pairing is looking as beautiful as ever, a closer look at the actual candlesticks and other timeframes would be needed for me to make any comment beyond, "it looks fairly bullish, if not also a bit overextended," and here I'm just looking at the USD pairing. Beyond that RSI has begun to creep upwards, and is one of the indications that maybe we won't have another leg down before breaking up.
Our fib genesis for 0 & 1 levels can be found if you zoom the chart out a bit, but it was our prior local peak and local low (shocking, I know.) The additional fib I have drawn is assuming we DO break up from here tonight/tomorrow morning, but if we do have another leg down, I'll try and remember to leave an update here with the new chart.
While the BTC pairing is looking as beautiful as ever, a closer look at the actual candlesticks and other timeframes would be needed for me to make any comment beyond, "it looks fairly bullish, if not also a bit overextended," and here I'm just looking at the USD pairing. Beyond that RSI has begun to creep upwards, and is one of the indications that maybe we won't have another leg down before breaking up.
Our fib genesis for 0 & 1 levels can be found if you zoom the chart out a bit, but it was our prior local peak and local low (shocking, I know.) The additional fib I have drawn is assuming we DO break up from here tonight/tomorrow morning, but if we do have another leg down, I'll try and remember to leave an update here with the new chart.
Note
Time to move up 
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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.