Will ETHLONGS repeat this pattern?Fractal of btc longs and ethusdlongs
Looking for a familiar structure to form for success of this chart
Looks like a large double top on BTC longs
BETH trade ideas
ETH about to get squeezed badlyToo many new longs trying to make some money back on the bounce. Very easy for the whales to squeeze this and they probably will. BTC doesn't seem to have the same issue at present with longs to shorts at a fairly low rate so could see just an ETH tear down.
ETH is a bug zapper - Shorts are bugsShorts are piling in and ETH isnt budging. Time for short liquidations to 300
ETHEREUM - RELIEF BOUNCE OR CORRECTION COMPLETE? Hey Everyone,
pulling apart the charts looking to see if they are still holding the previous patterns and projections, and ETHEREUM right now in an area of interest for me.
Way back in June, which in trading time is forever ago... I posted this chart.
And guess what... here we are...
So I am now on the hunt to see if this price prediction will still be valid, or f we are going to correct deeper for ETHEREUM...
I gave you all the chart with the cup pattern that showed ETH could see a possible $850 if it was to continue, BUT we did not, as soon as the chart was posted, we turned down the other way within a week. We have had various attempts to continue higher, but the cross support was calling, we needed to see how much support ETH actually had, and in this region, it has bounced strongly.
WILL THIS HOLD?
What I have noticed is that in a similar vain to BTC, ETH could be in a 4th wave, and not 5 completed. It meets the criteria, and our wave one could have been a leading diagonal, as the wave structure meets Elliott wave guidelines, and wave 3 here, is not the shortest.
The rule states - wave 3 does not need to be the longest wave... BUT it cannot be the shortest, which when you check the price indicators on the chart, this is in fact the case. Right now Wave 1 and 4 do not cross, and I have marked on the chart where this pattern invalidates. ($184ish region)
Depending how tightly you draw the parabola, we still could be in that movement...
In the next few hours to days, we are going to retest this region, if this holds $500 plus is on the way!!!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ETHEREUM $850??Hey Everyone!
was just going through charts and updating, and noticed ETH is in one of my favourite patterns to trade! Reason being it is not only supported by the PARABOLA, the cup pattern is usually a good indicator of higher prices to come!
As I explained previously in ADA USDT chart, which has so far only had a fake out and dropped back into the handle for support.
ETH pattern shows that the current movement should achieve just under the $500 mark and with some added FOMO push us over the line!
Currently I think ETH will have a minor drop here to retest the parabola before taking off.
The CUP AND HANDLE is one of the easiest patterns to recognize and usually quite reliable. Remember no trade goes the way you want it to go 100% of the time - and that is why MONEY MANAGEMENT is essential to make money over a period of time. If you are winning an average of 50% of your trades with strict money management, you are going to win the marathon!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ETHEREUM ON TARGET TO REACH $350 AND BEYONDHey Everyone,
ETHEREUM seems to be in a sideways forever pattern but if we look Ethereum has out performed Bitcoin with a massive 240% profit compared to BTC 175% since our Parabolic rise started in December 2018.
ETHEREUM has one more push here and then another correction and after that we should again have a strong push higher to $350 and beyond.
If we also have a close look at the ETH/BTC pair we can see that ETH is currently holding strong in comparison.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Contrarian bullish case for ETH/USDLeveraged traders started to buy ETH in march of 2018 at price $850 (note first TL break) BUT have reversed this trend recently (second trendline break which happened recently
$ETH Longs on ATH in a wedge with bear div, hmmz..$ETH Longs on ATH in a wedge with bear div, hmmz..
$ETH longs, rising wedge looks completed + bear div$ETH longs, rising wedge looks completed + bear div
