oh92
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ETH - The Bottom Could Be Near

COINBASE:ETHUSD   Ethereum / Đô la Mỹ
Before you read any further I want to state the current market state is extremely BEARISH . There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. Please do your own due diligence and wait for clear signs of reversal.

This analysis is entirely based on fractals, fibonacci retracements, and price ratios.
For those of you unfamiliar with fractals, they are recurring patterns that are used to predict reversals among larger, more chaotic price movements.

This example I am using fractals to help us predict the bottom and possibly future price movement.

The fractals above are highlighted in boxes. From afar they look similar but not quite exact.
However by lowering the timeframe on the smaller fractual you will see there is a massive amount of resemblance between the two.


After noticing this, I used both price ratios and fib levels of the smaller fractal to help predict the bottom of the current downtrend we are in.
Based on that data possible support for reversal ranges from $300-$400. Which is more clearly shown on the chart above.

IF this support holds true and the fractal repeats itself, the next bull run could be Ethereum's biggest one yet.
Zooming out on the chart above you will see my 3 major target zones. My third target being just over $5000.


Fractals are a great tool to use when it comes to trading. Especially on lower time frames.
The reason fractals are less likely to work on higher time frames is due to larger variables effecting it.
For example the ICO             -12.50% market is being heavily attacked by advertising companies and govermental regulation.
Events like this could disable Ethereums ability to gain Bullish momentum.

However, the setup is here. So we wait, and time will tell what the future holds.

I hope you all found this analysis enlightening in these very bearish times.
For those of you worried about the current market conditions, you should be, however the bottom will come in time, When is the uncertain factor.

I wish you all the best of luck.

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.

Bình luận: cheers
Thank you for sharing this. It is really encouraging.
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You've been wrong and you're going to be wrong.
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gson saxonlucius
@saxonlucius, ahahaha wow
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So, where along the chart are we now?
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thanks
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boomshakalak
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Interesting thanks for sharing the valuable reasoning behind
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