davidrainone47

davidrainone47

Double bottom, inverse head and shoulders, whatever you want to call it.... re test of the neckline successful. All time high imminent!

davidrainone47

On a weekly timeframe, this looks like a really nice ascending triangle to me! Altseason will continue through the end of this bull run, as Bitcoin makes its run up to $100,000 any beyond. I think Bitcoin tops out at around $220,000 and Eth will top out around $15,000 when Bitcoin dead cats after it makes an initial 50% drop to signal the bear market.

davidrainone47

This monthly chart looks JUICY. Hope we can get a close like this!

davidrainone47

Y'all, ETH is going very far in the next two months, whether you like it or not. These $200-400 price predictions I've been seeing the past few months are absolutely outrageous. Sorry you didn't get ETH at cheaper prices and you're mad about that. I didn't get ETH at those prices either, but I bought the dip over the summer and I'm very happy about that. Bitcoin...

davidrainone47

Resistance at 0.786. Hopefully we can break it without a FaKeOuT this time.

davidrainone47

No signs of recovery and new all time highs just yet- RSI downtrend has not been broken. This is very frustrating. Patience is your friend.

davidrainone47

ETH is looking like an absolute train wreck vs Bitcoin. This is good news for the entire ecosystem. Look at 2017, for example. ETHBTC crashed like CRAZY while BTC rallied to its all time high and market cycle top, and then ETHBTC rallied like crazy in the last month and blow off top for ETH. I think this will be a similar setup this fall. I might be moving most of...

davidrainone47

Ethereum Dominance ascending triangle? Bull pennant? Whatever you want to call it, this looks great.

davidrainone47

Just realized... the 21 week EMA was just re tested as support... for both Bitcoin and Ethereum... bull market officially back on as soon as the 50 day EMA and 21 week EMA have their golden cross on BTC!

davidrainone47

ETH held the line this time! Onward and upward!!!!!

davidrainone47

Treated the 0.386 Fib retracement level as support, looks like we are going to break through the golden pocket again this week. All while we are currently breaking out from a HUGE cup and handle. All good things! I'm honestly convinced at this point that bears are only just jealous that they didn't get in at lower prices, and that's why they want lower prices. All...

davidrainone47

According to the Wall Street Journal, many bull markets begin with a constant, upward sloping, linear trendline, followed by a period of massive buying pressure and euphoria. Ethereum has strongly respected this green line I have charted here. We have not entered a period of euphoria, we entered a period of some selling pressure and fear in May, but we were never...

davidrainone47

We have broken out from the cup and handle. Break out target is well over $5,000. Hope you bought the dip!

davidrainone47

I don't know why y'all are shorting support..... this looks like a pretty good flip of resistance to support...

davidrainone47

September sell off just turned into the handle for a cup and handle pattern. This will play out very soon.

davidrainone47

Similar September sell offs looking extremely similar to the current price action. 70% drop in the summer, and then another 40% drop (before fully recovering from the 70% drop) in September during the 2017 bull run. Now's not the time to be selling and accepting a bear market yet.

davidrainone47

I don't know. The current price action reminds me of the similar frustration I had back in March when we were struggling to break the February all time high after that 37% correction. We even had a similar head and shoulders (I remember vacationing in Hawaii and being very angry about that playing out, lol). I think we will have a blow off top after we challenge...

davidrainone47

Have we bottomed here for now? I hope so! Bullish divergence on the 1h timeframe printing here. 4h RSI looks VERY oversold too.