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Ethereum / Bitcoin
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$ETH to .125 Possible repeat market cycle fractal from 2016

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Looking strong against USD, as BTC corrects, I think we could see an ETH breakout against it as well. This idea is taking from the market cycle fractal in 2016 and applying it here.

istantanea

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and AWAYYYYY WE GOOOO! - Rick Sanchez
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istantanea

Although we saw a pullback today while Bitcoin was spiking, the ETH/USD value is in a strong trend. We could see a breakout if BTC stalls or moves down
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istantanea

Looking great. Starting to get into some resistance areas against USD.
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istantanea
Just tagged it. Time for a correction
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istantanea

Going to close this. I wasn't expecting BTC to climb so much while the ETH was also rising. ETH has now reversed at it's previous high against USD and I think we are about to see a BTC correction:

Bitcoin Correction
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istantanea

Neither BTC nor ETH dumped nearly as far as I thought they would. I'm not sure what to make of ETH at this point in time other than a bounce off its previous swing high at $265. It is possible that it could make another run to ATH, just like it did during its last market cycle:

istantanea

But with the recent news of China banning ICOs, I think that is less likely to happen now than it was before.
Beastlorion
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Chart PatternsTrend Analysis

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Beastlorion
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Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.