davidrainone47

davidrainone47

Double bottom reversal pattern playing out VERY nicely. Trade the breakout from the neckline. Price target is around $3,000! We are NOT in a bear market, the bull market is STILL on, higher prices will be coming soon. Keep calm and hodl! Bears, be very careful from this point forward.

davidrainone47

Trade the breakout from the pattern, but I'm anticipating long here due to the recent move on Bitcoin.

davidrainone47

Both Bitcoin and Ethereum appear to have broken the daily RSI downtrend... looks very bullish to me, honestly.

davidrainone47

This is a snapshot from 2017.... I don't know.... something about the current price action looks strangely familiar........... but y'all keep waiting for $100 Ethereum to come, it's fine. You'll be the ones buying later at $5,000 wishing you bought at $1,900.

davidrainone47

This line has been on my chart since January. The fact that this is now confirmed as support is really good for Ethereum

davidrainone47

A few reasons why I think this down trend was very short lived and finally over: 1. Formation of an inverse head and shoulders as a reversal pattern (price target $3,600) 2. Higher low formed on the chart 3. We broke the down sloping diagonal resistance, and re tested it as support Onward and upward to $20,000!

davidrainone47

The Fibonacci extensions look really exciting for Ethereum! Really starting to line up with where I think it's going to go in the coming months. Keep hodling, everyone!

davidrainone47

Head and shoulders target met exactly at my support line... now everyone can shut up about that head and shoulders. The bottom is in.

davidrainone47

Ethereum is still in an up trend. We are still WAY above the channel we made back in early 2021. I wouldn't surprise if we re test the top of that channel, confirm it as support, and then use that as a launch pad. Everyone seriously needs to calm down....... 30-35% drops are completely normal, and they do not mark the end of the bull market. Bitcoin dropped 35%...

davidrainone47

Everyone needs to calm down. Bitcoin has gone down 35% since its all time high. Ethereum has gone down 30% since its all time high. Take a look at the 2017 bull run. Several times where the price of Bitcoin went down 30%, or even 40%. Several times where the price of Ethereum went down 50%. Calm down, the top was not in, $64,000 was nowhere near the top for...

davidrainone47

ETHBTC doing very well, held very strongly through this Bitcoin flash crash. Not only that, we are trading in between ranges of historical significance. I think ETHBTC goes to 0.0855 next before any chance of pull back. Not only that, Bitcoin also just bounced off of the 21 week EMA for the first time since September. All very healthy, and normal things to be...

davidrainone47

Inverse head and shoulders on the 1H timeframe.. long if we break the neckline. Price Target $4,200!

davidrainone47

I think Ethereum is going to follow the Bitcoin cycles. Ethereum has a few more weeks of this up trend until about the end of June. Once Bitcoin begins its next leg up, a lot of profits from this run that's happening right now will go into Bitcoin. The summer will be a lot of sideways action for altcoins, similar to what Bitcoin has been seeing since February...

davidrainone47

Not to worry- just re testing the resistance (now flipped to support) of the rising wedge!

davidrainone47

2.618 Fibonacci level drawn from the recent swing high to swing low on the ETHBTC price lining up with a historical resistance level. I think we approach that, then we are due for an ETHBTC correction. I don't think the price of Ethereum will go down during this "correction," only the Ethereum/Bitcoin valuation. I think Bitcoin will begin its next leg up in the...

davidrainone47

I can't tell if this is a rising wedge or an ascending triangle. I'm still leaning on rising wedge.

davidrainone47

Adjusted my rising wedge a bit, but we are still definitely inside of it on the 1H... Long if we break and re test the resistance, short if we break and re test the support (the more likely scenario). The bearish target for this one is just over $3,000, so it will be a pretty decent sized move.

davidrainone47

Inverse head and shoulders on the 1h timeframe on ETHBTC. Ethereum is ready to go higher!