zippy1day

zippy1day

stockcharts.com If you look at the example in the link provided it has all the makings of such a pattern? In conjunction with other bullish signal like a Bull Divergence at the probable bottom!

zippy1day

I have put some detail on how I think this may play out, so earlier $350 target looks unlikely but as I have said before Bitcoin can surprise with flash crash. I n recent month's the likely even such as this is unlikely as Bitcoin has been very stable if not boring! Whether this happens over the weekend or not I am not sure but history tells you it is odds on. I...

zippy1day

I am biased as a long but do think this looks like a Bull Divergence to me unless anybody can prove otherwise?

zippy1day

It now becoming a bit clearer with $420 ~ $430, specifically $425/426, being the battle as to whether or not it goes lower. Of course as always bitcoin can surprise but not ready to go back in just yet!

zippy1day

With Bitcoin looking to correct I expect Ether to make a recovery to a Target 0.05 btc. The H&S reversal pattern is an idea as it has to play out yet?

zippy1day

I am uncertain now as to how far Bitcoin can fall but $412 looks a good initial target? Ether may be a clue as it looks like in a reversal pattern?

zippy1day Updated 

This is a new one on me but saw a fellow charter suggest this and if it plays out would tie into the correction already forecast prior to this move.Target levels now $436 & $412.

zippy1day

High for correction was somewhat lower than expected so watching to see how 4 hour candle plays out!

zippy1day Updated 

I think today we have a better idea of the short term future? I have put in both scenarios with fib lines as suggested by a fellow charter. Technically short, if it goes higher I would look to buy in once it breaks the upper fib line around $505.60 as this would confirm the continuation of the Bull Run. If on the other hand it breaks down to the bearish side I...

zippy1day

Lets hope the rot has stopped! ~ Bull Divergence at the Head marked in black.

zippy1day

Looks from the Wolfe Line crossing the upper trend line will be the high or broken to go higher! Still undecided as a correction either way might be quite dramatic.

zippy1day

Now short and taking contrarian view due to what I think is a Bear Divergence indicated by the black lines on SPOT, (MACD & RSI) respectively i.e. Higher High, Lower High indicates underlying weakness and consequently Bulls are exhausted!

zippy1day

May be too early to call and probably need help as not seen this formation before so does not know whether valid or not?

zippy1day

This is completely mad but could it happen? Still maintaining the possibility for continuation of the Bull Trend to $850+.

zippy1day Updated 

Combined with the Doji A & B Reversal Pattern maybe a Bull Divergence so IMHO up from here? Also hit the Long Term Trend line so maybe bouncing off that.... we will see.

zippy1day

We are coming to a pivotal point $476 ~$480 with the bears wanting blood. Calls by them to go lower will increase no doubt which may form the lower end of the handle for the second time which means $325 ~ $350 support may be tested? I still expect this to be short lived pushing back up to my top target $850 within the next couple of months. These are only by best...

zippy1day

With a bounce off possible neckline @ 0.0187 is this a start of new upward trend ......we shall see as still in balance!

zippy1day

Nobody seems to have the answer to this conundrum yet!!!! I am long and hopeful..... but with Bitcoin looking strong could be difficult period for Ether.