davidrainone47

davidrainone47

I made this bullish megaphone over a week before pump (and then the dump)... Eth has perfectly respected my bullish megaphone. Wow. I expect we next test the top of the megaphone, re test the midline of the megaphone, and then break out and blast higher (as the final parabolic stage of this bull run). What are your thoughts?

davidrainone47

I saw someone on twitter post the ETH monthly timeframe as a bearish divergence. If you measure the candle bodies, it is a bearish divergence. Looking at the wicks, it is not a bearish divergence. I don't really believe this to be a bearish divergence because of the wicks. The local top was $4,384, not the close of the monthly candle...

davidrainone47

Is this actually a bullish confirmation of new support? 11% of the entire Eth supply was traded in that ascending triangle region that we just broke out and re tested. Looks pretty good to me, honestly.

davidrainone47

Just ONE MORE RESISTANCE until we break to all time highs and price discovery. We broke above all major Fibonacci levels, and now we just have to worry about one more weekly resistance level, which we just barely closed above. Once we break the resistance we are at right now, we will be in price discovery mode.

davidrainone47

Bull trap that goes past 0.786 Fib? I'm finding the bear argument VERY hard to believe now... Eye balling new all time highs now.

davidrainone47

As expected, we are finding resistance at the 0.786 Fib level. Nothing to worry about. This is not a dead cat. We will be seeing all time highs very soon.

davidrainone47

Higher high on the monthly.. bullish structure still looks very nice. Eyeballing a very nice leg up in the near future. Just keep on hodling!

davidrainone47

Awesome news for medium term price action! I'm eye balling all time highs! Really nice to see this on the breakout from the ascending triangle, as well.

davidrainone47

Will this be the final parabolic stage of the bull run, after a break out from a bullish megaphone structure? Tell me your thoughts. I don't believe in lengthening Bitcoin cycles, because that theory doesn't make sense with regard to the halvings. The halving is the impetus for each cycle, but if cycles get longer at the rate people claim they're getting longer,...

davidrainone47

Did we just go into a bullish megaphone structure? If so, we could be targeting much higher prices soon.

davidrainone47

Bullish divergence on the 1h RSI. Time to go long!

davidrainone47

NICE bounce happening right now- really glad we're flipping this into support.

davidrainone47

In previous bull markets, dead cats happened within a month of the blow off top. It's been 15 weeks since the blow off top in May. This is not a dead cat. The bull market is not over. We've had 15 weeks of accumulation, and have been in a clear up trend since. The trend is your friend. I'm so sick of bears and their toxicity. In a way, I'm grateful that they exist...

davidrainone47

Weekly bollinger bands seem to be intact, Eth seems to be holding a healthy, bullish structure. We are not in a bear market, this is not a dead cat, Eth is not going to $400 next. Look at the 2018 bull market blow off top, Eth failed to re test the middle of the Bollinger bands on the dead cat. We are well above the middle of the bands now.

davidrainone47

Weekly MACD flashing green right now.... how's waiting for $400 ETH, bears? All that cash on the sidelines must feel pretty awful.

davidrainone47

Looks like we have some resistance around $3,200. I'm expecting we will break this eventually, once we do, $3,500 is next, then the all time high!

davidrainone47

I know I posted about a bearish divergence on a lower timeframe not too long ago, but on a longer timeframe I'm EXTREMELY bullish. Weekly MACD about to tick bullish. How's waiting for $400 Eth, permabears?

davidrainone47

Bearish divergence on the 4h looks to be forming. Careful with your longs, might be a good place to take profits on short term longs. I'm still incredibly bullish, and 20k Ethereum this year still seems entirely possible to me.