Hey everyone.
I actually was going to make an update on ETH and how the H&S vs. IHS was playing out.
When I went to the hourly chart, I was like ... huh, that pattern looks familiar.
So, let me explain that one first. Starting at the peak and saying it is analogous to 20k BTC, check out
the labels ... doesn't it look strikingly similar to what BTC has gone through since December 2017??
The scary thing is this is ETH for the month of MAY only.
Perhaps it's true, it's just all a repeat of the same old emotions ....
Anyhow onto the TA ... I wonder what happens when we crack that dashed purple line? $700.
As I type this ETH is picking up steam.
I think I'm going to be very happy with this long position. BTC just needs to behave! Stop is in place in case
it falls below the H&S neckline.
Remember, only a fool relies on one potential outcome.
Do not make financial decisions using this information. For educational purposes only.
I actually was going to make an update on ETH and how the H&S vs. IHS was playing out.
When I went to the hourly chart, I was like ... huh, that pattern looks familiar.
So, let me explain that one first. Starting at the peak and saying it is analogous to 20k BTC, check out
the labels ... doesn't it look strikingly similar to what BTC has gone through since December 2017??
The scary thing is this is ETH for the month of MAY only.
Perhaps it's true, it's just all a repeat of the same old emotions ....
Anyhow onto the TA ... I wonder what happens when we crack that dashed purple line? $700.
As I type this ETH is picking up steam.
I think I'm going to be very happy with this long position. BTC just needs to behave! Stop is in place in case
it falls below the H&S neckline.
Remember, only a fool relies on one potential outcome.
Do not make financial decisions using this information. For educational purposes only.