ETH. Reverse Head and Shoulders for 2X vs BTC in 4 months.

2021年1月23日

This is just a quick notice of a possible bullish momentum on ETHBTC. The move is not confirmed yet. Notice how the circled pattern repeated before. The first time it occurred in a bear market. This time it's occurring in a bull market. And as much as I would hate to see Ethereum steal some of the market cap of Bitcoin, this is merely a trade. In my opinion, there is enough bullish momentum to minimize the probability of hitting the stop loss at 0.02 BTC. Our target is 0.085 BTC. This is a lower-risk chance to multiply some of your BTC holding. The higher risk being one of those hundred other hot cheap altcoins whose ends only God knows.

Keep following my updates on this idea to see when the bullish move is confirmed.

2021年1月25日

註釋

We're seeing some resistance. We need the neck of the head and shoulders to break upwards in order to confirm the big move to 0.085 BTC.

2021年1月25日

註釋

Chart for previous comment.

2021年2月2日

註釋

We're almost breaking it this time.

2021年2月18日

註釋

OK this is a bit disappointing. ETH might indeed go higher and break the resistance at 0.0426 BTC, but the confirmation I've been awaiting did not come. So now I have this curved channel which I believe will hold the price and we can see expect bullish momentum from there. Keep following my updates.

2021年2月23日

註釋

Reversal signal on ETHBTC.