Why?
1) That ‘incredible sell’ signal way back. That was the sign Ethereum was cooked.
2) A death cross just printed on the weekly.
3) The head and shoulders pattern confirms breakdown.
Why $800? Because that’s the golden ratio that stopped the last sell off, which is measured from the break of past resistance to new market top.
Is it possible price action prints a higher high this year? Sure.
Is it probable? No.
Stay safe!
Ww
1) That ‘incredible sell’ signal way back. That was the sign Ethereum was cooked.
2) A death cross just printed on the weekly.
3) The head and shoulders pattern confirms breakdown.
Why $800? Because that’s the golden ratio that stopped the last sell off, which is measured from the break of past resistance to new market top.
Is it possible price action prints a higher high this year? Sure.
Is it probable? No.
Stay safe!
Ww
액티브 트레이드:
There’s some resistance to this idea from the comments below and private messages received telling me ‘I’m wrong’ etc..
Maybe. I don’t know, don’t really care. My ideas are shared much for my own benefit / record keeping.
As to whether this is right or wrong. Try and not think about like that, rather, think about what is probable versus possible. Anything is possible.
A 3-day death cross is approaching with a projected crossover on June 30th. Price action dropped 80% at the last cross. You think this time will be different?
If history repeat price action will fly past the target to $500.
Emotion… it’s a money killer.
Maybe. I don’t know, don’t really care. My ideas are shared much for my own benefit / record keeping.
As to whether this is right or wrong. Try and not think about like that, rather, think about what is probable versus possible. Anything is possible.
A 3-day death cross is approaching with a projected crossover on June 30th. Price action dropped 80% at the last cross. You think this time will be different?
If history repeat price action will fly past the target to $500.
Emotion… it’s a money killer.
액티브 트레이드
코멘트:
$200 to go! Seems the 200-week MA was irrelevant.
If $800 fails look for support around $420. There's no more support until that level. If $420 fails, $130 it is.
If $800 fails look for support around $420. There's no more support until that level. If $420 fails, $130 it is.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Do you see a buy signal? No, neither do I. Jumpsuit on.. parachute optional.