ETH.BTC (Y20.P3.E1).v2.Macro.structure.Hugh opportunity

1 thg 6, 2020

Hi All,

This is the bullish perspective and is probably the higher probability which is we are making the right shoulder.
Like ADA, ETH is one of those ALTs that are likely to give better returns than BTC.
It wont be long where ETH 2 will come to fruition

Right now, like BTC, I'm expecting some sideways range movement just below the main resistance.
its possible that there could be a spillover and we pullback to 0.5 fib level or deeper.
The least likely is to hit the bottom of the structure again.

My BTC paring targets are 2 as we have 2 areas of confluence based on the macro fib. retracement level and also price action areas of resistance and support.
If one notices, it also has confluence with the height of the head.

Patterns alone cannot be tructed, so looking at the Phoeix Daily, we are still bullish and hence why I say a ranging price area, symbolized by the ascending triangle (in grey).
The weekly chart also shows significant bullish signs, with the MACD, RSI and Phoeix. All good for the time being.


Please give me a like or tick for this post

Regards,
S.Sari

WEEKLY CHARTS: Indicators



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Inverse H&S structure

1 thg 6, 2020

Ghi chú

BTC break has caused a bearish div. on the smaller time frames. Need to keep watch as to how much of a divergence it will be

9 thg 7, 2020

Ghi chú

Chart update on the lower time frames

9 thg 7, 2020

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Chart is now superceded by an updated chart