Thesis for ETH $13,000
This is how I believe the estimates for an ETH $13,000 were conceived...
Similar to
BTCS 'repeating fractal Wyckoff pattern', there is a thesis that ETH is also following a repeating fractal pattern of its own.
The tops of the pattern form the base for the extension into the next larger fractal.
( I've highlighted these fractal pattern tops in blue rectangles )
Drawing the Fib R. down from the first top in the pattern, to the patterns main base area, the first top for the next fractal is marked at the 4.618 level.
( I've highlighted the FR range with a yellow line )
Repeating this process for the most recent fractal, we conclude the first top for the Next fractal (marked by the FR 4.618 level) should be ~$13,000.
This is a nice thesis, it's clean and easy to understand. My only concern is this based solely on Technical Analysis, however I do believe the fundamentals
for ETH are strong. Let's see how this plays out.
Similar to
BTCS 'repeating fractal Wyckoff pattern', there is a thesis that ETH is also following a repeating fractal pattern of its own.The tops of the pattern form the base for the extension into the next larger fractal.
( I've highlighted these fractal pattern tops in blue rectangles )
Drawing the Fib R. down from the first top in the pattern, to the patterns main base area, the first top for the next fractal is marked at the 4.618 level.
( I've highlighted the FR range with a yellow line )
Repeating this process for the most recent fractal, we conclude the first top for the Next fractal (marked by the FR 4.618 level) should be ~$13,000.
This is a nice thesis, it's clean and easy to understand. My only concern is this based solely on Technical Analysis, however I do believe the fundamentals
for ETH are strong. Let's see how this plays out.
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