ETHUSD - I still believe (on the H&S pattern)

10 gen

While I'm not an hyper fan of H&S pattern but this one forming is already so beautiful that I want it to happens to illustrate my futures arguments,

saw a lot of ppl talk about h&s pattern the past days on BTC, the leg would have started on November and bring us to 80k, something like this. Not a pro but I learnt that the pattern has to be kinda well drawn to be called an H&S, forming proper top and lows with proper neckline, and be well timed.
that is/was absolutely not the case for BTC and that why I remain bullish for now (yes, I risk it a bit saying that here and now)
even in the case where BTC goes under 90k, we can't call this an H&S, by respect of all the real H&S out there. That's also why most of the times it looks like ppl fail using this pattern, they use it on everything

BUT in this case for ETH this looking really juicy atm, I don"t have specific target for now I dont think eth will pass above 12K for this year but lets see

Cheers, have a good day

12 gen

Nota

possible last retest of 0.5 fib at ~3015 (from low September 2024 to high December) before we go up

13 gen

Trade attivo

precisely the retrace I was talking about, just opened a long x3 here SL 2780

good luck
cheers

(not financial advice I'm just taking the shot)

13 gen

Nota

Updated SL to 2490 cuz I fear another drop to 86k for BTC, its k cause its a 1,5% trade, would put me a bit red tho
will add the double at 2700

13 gen

Trade chiuso manualmente

closed at break even (made like 1 buck lol), will wait for lower lows
was also to try this new approach : all my funds are still cryptos not fiat I'm using multi collateral margin

15 gen

Nota

wups missed a really good trade there, lets see what happens when BTC hit 100k. i think the bottom was on monday

18 gen

Nota

trying it again here
opening another x3 hre SL 2890

18 gen

Nota

opened at 3244, SL at 3250 (it was a x4 mb)

i can see that lower trendline bein retested around 3130 if we go below 0.5 fib at 3250 again

19 gen

Nota

as expected 3130, opened a new here
I think this was the last low before big run on eth to at least 4k but can be wrong

28 gen

Nota

Daily closed,
This move was exactly the same as 2 weeks ago, strong sell off then backed up by an great rebound above the trendline i draw, acting as a support, ETH even went higher than opening

I'm monitoring this and will prob act if we close below, cuz lower lows still possible

but imo BTC also prob bottomed so I think we gonna see the same rise after the 13th of january, but this time without rejection afterward
meaning the alt season should really starts from...now ? I can be wrong of course

29 gen

Nota

closed lev and a small part of my spot, waiting for sub 3k

30 gen

Nota

bought back this morning, I know i should wait daily close but it took a totally different path this morning i think, we enter a run phase i guess