Well! If you hate maths, you may stop reading here! BTC and ETH, have been in a correction. But, it's interesting to note that both are loyal to FRENEMY relations. One rises, the other follows! We know who we are speaking of, I hope! Now to the chart. BTCUSD is a separate entity, so is ETHUSD. But both have a ratio which is ETHBTC or can be vice-versa as per...
Well! Here we go. This chart in plain sight clearly gives the wave completed by Ethereum. It looks like a part of Grand Cycle Wave I. Wave II was on expected lines, behaved well. Now the Wave III.
The LSK darling has just created a pattern that is quite bearish. I believe this pattern will continue until the channel doesn't break downwards convincingly. So HOW do I make MONEY? The interesting bit of a channel is you know two parts: 1. The money is in making Shorts 2. You need to square off position whenever you hit the lower trend line, when trend line...
LSK has been very obedient to the trend. She's awesome! Wish I had a girl-friend that way, I think I'm wishing too much! Anyways, getting back to the chart. LSK has reached it's support level. It has intense support here. Long term trend supports. It is more like a band of supports with a lot of volume present within. Just touching anywhere within the band is...
ETH is following a very beautiful corrective pattern. And it's nearing completion. Since, no one bothers about targets and trends, why worry about the next trend targets?
Well... The initial fall was just a indicator of times to come. It set clarity on final fall to be expected, that's seven hundred points in all. Now, it's wait time!
The next 10 days will decide how LSK would rise... It's already close to the master support line (King Kong line). Disclaimer: I have interests in LSK and would be looking forward to purchasing it when it enters the box...
How do I see ETH? Not too good in short term, but excellent buy by the French Revolution day ;) I love that box that I have drawn... The ETH price would drift like the Schrodinger cat's soul (PBUH) to end the downtrend...
Please profit well from this trade and fund my education... Grateful if you do... I had already published a trade where in I had marked ETHUSD to fall about to USD 150 which is very much on cards. But this chart is quite independent of USD prices which Bitcoin is impacted by. There can be two meanings of this: 1. Bitcoin may rise quicker than ETH (ratio) to keep...