luigiborla

luigiborla

Maybe this is the right time to break the historical giant triangle? see my other idea. Here you can see bollinger bands+ rsi+ macd say it will gro against dollar. It still loses against BTC but as seen it will go down sometimes and in a risk managing strategy it could be ok to buy some, not too much.

luigiborla Updated 

Maybe this is the right time to break the historical giant triangle? see my other idea. Here you can see bollinger bands+ rsi+ macd say it will gro against dollar. It stil loses against BTC but as seen it will go down sometimes and in a risk managing strategy it could be ok to buy some, not too much.

luigiborla

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luigiborla

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luigiborla

and then go down around 5000. I will wait the chart and see

luigiborla

supposing a fib common retracement and ema200 basement

luigiborla

fib retracements are working so fine

luigiborla

looks like strong buy now

luigiborla

looks like strong buy now

luigiborla Updated 

i think we are on 3.

luigiborla

we will see soon

luigiborla

We could be at the start of a abc bearish Elliot cycle (and at the end of the formation od a H&S like the one that happened before or we coul be still in 3 bull wave ........Right now the trend is orizzontal. We have to wait at least until the cut of the pink trend line or the H&S neckline.

luigiborla

As you can see the decreasing green volumes confirm the figure, i will wait the neck line break and the cut of 20 days WMA , then maybe i'll sell. Most then all the target price of H&S meets perfectly the "magic" Fibonacci level 0,618. Hmmmm

luigiborla

I see a lot of Elliot waves that want me to think we are after the end of 5 wave or even at the start of the historican bearish phase.....i still think we are in wave 4 and now 5 can start, we bounced on the trend line go bitcoin!

luigiborla Updated 

Well trendilines works a lot but when they face a support or resistance (orizzontal lines supported by many tops or bottoms) then trendiline always lose. This is true always against inversion patterns.

luigiborla Updated 

looks ver vey clear even in a little time frame

luigiborla

Then i put my pennies on BTC, point is that this bull trend might support the meaning on the falling edge seen on the ETH/BTC chart

luigiborla

Although lately btc was more profitable then eth i think we must follow where this is gonna break, shape is supported by volumes i think