Ethereum - Altseason ๐ First Stop $2000
Hi Traders, Investors and Speculators of the Charts ๐๐
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Over the past few weeks, I've noticed that fractals from early bull markets during 2018 and 2021 are repeating across the charts. I've made a few updates on charts that have been following similar charts patterns. On Ethereum , I have observe similar price behavior around the current resistance zone a few weeks ago and so far, this fractal is playing out perfectly. If we consider a chart fractal from February 2021, we can expect ETHUSDT to head towards $2000 as soon as BTC takes a breather.
Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a weekly candle close ABOVE this supply zone , the next logical stop is $2000 and beyond.
Make sure you have a solid trading plan in place to buy the support zone and sell on the resistance zone . And remember... Don't be a Bob-Trader:
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
๐คฉ Bitcoin goes UP ... Bob Fomo buys the rally
๐ค Bitcoin corrects ... Bob panics and sells
๐ค Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin
๐จ Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
๐คฉ Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL and keep in mind that there is a constant rotation between BTC and altcoins.
While you're here ๐ Have you heard about the SVB saga? More info here:
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Over the past few weeks, I've noticed that fractals from early bull markets during 2018 and 2021 are repeating across the charts. I've made a few updates on charts that have been following similar charts patterns. On Ethereum , I have observe similar price behavior around the current resistance zone a few weeks ago and so far, this fractal is playing out perfectly. If we consider a chart fractal from February 2021, we can expect ETHUSDT to head towards $2000 as soon as BTC takes a breather.
Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a weekly candle close ABOVE this supply zone , the next logical stop is $2000 and beyond.
Make sure you have a solid trading plan in place to buy the support zone and sell on the resistance zone . And remember... Don't be a Bob-Trader:
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
๐คฉ Bitcoin goes UP ... Bob Fomo buys the rally
๐ค Bitcoin corrects ... Bob panics and sells
๐ค Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin
๐จ Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
๐คฉ Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL and keep in mind that there is a constant rotation between BTC and altcoins.
While you're here ๐ Have you heard about the SVB saga? More info here:
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
์ฝ๋ฉํธ:
Check out the latest Bitcoin update here:
์ฝ๋ฉํธ:
Target reached on ETH, still bullish from here. Might get a change at a swing trade when there's a pullback
