[UPDATE ETH] IT'S NOT OVER (OF COURSE): ETH TO 15K$?
THIS IS WHAT I FOUND:
1) ETH 60% CRASHED AND TOUCHED THE 21 EMA AFTER 9 MONTHS. THE BOUNCED BACK WAS GREAT! HISTORICALLY BULLISH (see the charts and see 2017)
2) WE CAN SEE THREE CYCLES THAT FIT THE TREND FIBONACCI EXTENSION. ON THE PREVIOUS TWO, ETH CRASHED EXACTLY AT THE 3.6 FIB EXTENSION (CRAZY!!!). I EXPECT SOMETHING SIMILAR WITH THE NEXT ONE!
3) MY FORECAST IS ETH AT APPROX 15K$ AT THE TOP OF THIS CYCLE (END OF OCT/BEGINNING OF NOV?). THIS WOULD BE IN LINE WITH THE LOG GROWTH CURVE, A 140-160K$ BTC AND A 10% ETH/BTC (SEE RELATED IDEAS)
1) ETH 60% CRASHED AND TOUCHED THE 21 EMA AFTER 9 MONTHS. THE BOUNCED BACK WAS GREAT! HISTORICALLY BULLISH (see the charts and see 2017)
2) WE CAN SEE THREE CYCLES THAT FIT THE TREND FIBONACCI EXTENSION. ON THE PREVIOUS TWO, ETH CRASHED EXACTLY AT THE 3.6 FIB EXTENSION (CRAZY!!!). I EXPECT SOMETHING SIMILAR WITH THE NEXT ONE!
3) MY FORECAST IS ETH AT APPROX 15K$ AT THE TOP OF THIS CYCLE (END OF OCT/BEGINNING OF NOV?). THIS WOULD BE IN LINE WITH THE LOG GROWTH CURVE, A 140-160K$ BTC AND A 10% ETH/BTC (SEE RELATED IDEAS)
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![[UPDATE ETH] IT'S NOT OVER (OF COURSE): ETH TO 15K$? Part 2](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![[UPDATE ETH] IT'S NOT OVER (OF COURSE): ETH TO 15K$? Part 2](https://s3.tradingview.com/e/Ef50ry4b_big.png)
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