A new bullish pennant fractal formation has appeared. Will it behave this way as projected or will I be rekt? Place your bets. This setup is related with my last chart, especially with the behaviour of the fractal:
LONG at 0.050-0.051.
No stop loss.
Good luck!
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I went long at 0.051 and now we're back up. I'm thinking the next entry point for a nice SHORT is at 0.055-0.056. Let's wait and see!
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ETHUSDT confirms we'll be going up for a while more before consolidating.
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It's SHORT time!
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LONG again at 0.05.
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Get ready to LONG! Almost there
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Small bulltrap
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Seems like a small bearish pennant has formed.
I'm going LONG once we touch the bottom
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It broke up.
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A wild bearish flag has appeared. It's SHORT time!
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Nope, we're not going back to that level just yet... maybe this?
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I think we're going down again.
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Yes, we went down. I hope you SHORTED before!
Now we are going back up. LONG!
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It went down but I think we've reached the bottom
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Descending tightening wedge formation. This might create a double/triple bottom. The bounce will be strong!
Meanwhile, Bitcoin is trying to approach the resistance line at 1010. Bears will wake up there, bringing it at least $50 down.
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Seems like a channel... more likely...
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The descending wedge broke up.
This is the possible development of the bounce!
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I think we're going to keep on going up by now. You should be LONG by now.
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This is my setup for the next 3h. I think it's more likely we're going up.
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If we go up, this is how I see it going to break the Bull Flag and the Bullish Pennant:
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We went up and the setup was very similar to what I expected. This is how I see it developing until we continue our way for a breakup. I Hope you LONGED when it was down as I said!
ETHUSDT also shows we're ready for a break up
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Zooming in, it went down the arrow as portrayed in the previous update.
Let it be some more sideways...
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Last chance to LONG at this level before breakout!
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This is how I see the way until the breakout in about two days.
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It went way more down than I expected. The reason, of course, is Bitcoin broke the resistance at $995 and now we're at the Gann Fan resistance, just as portrayed here:
Coming back to ETH, we can see the bullish pennant has broken down again and now it seems more likely we're just inside of a bullish flag.
This seems like a very good opportunity to go long.
The bullish pennant still lives in ETH/USDT though.
It seems to me ETH is getting detached from the inversely proportional relationship with Bitcoin to be more neutral. This seems to me like another bullish signal, considering I believe in two days when the Hard Brexit gets triggered and the convulsion in the global markets begin, we're gonna see them rally together, just like we've seen them many times in the past.
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A new attempt by bears to break the support line of the bull flag failed. For the fifth time!
I only see it going to the upside, but this is the crypto world so watch out!
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ETH / USDT also broke the resistance line in the bullish pennant, although it's back on track!
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Yes, it has gone down, but there are two main resistances and pivots that I see very hard to break.
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Yesterday, after a lot of senseless panic in the market, thinking we broke down the bullish pennant, I am relief to asses it was just the evolution into a bullish flag. Now that the bullish flag is almost completed (it will be due by tomorrow when we take off), I’d like to show you the pivots that made very strong resistances possible, so that the Ethereum continues in its uptrend.
We have nine pivot points so far and I expect the last one to shoot us out of the bull flag will be coming tomorrow between 9am - 11am UTC +1. I expect this to be related with Brexit, as I have explained in my previous charts.
If you’re not LONG yet, do it now. We’re still going to the moon and this was just one of the checkpoints!
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Zooming in...
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Previous setup wasn't correct. I expect a descending triangle within a bullish tendency now.
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Although the bullish pennant became actually a bullish flag, the tendency to go to the moon still continues. I will continue with my updates here:
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@SuperShibe, three white soldiers on the 1hr ETHUSD. Nice confirmation will be a strong 4hr MACD crossover.
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@SuperShibe, yes, we bottomed. I hope you bought more by then!
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@jsburgos, yes I am long. There was a big convergence of fib and rising longer term resistance around 0.046 so I was patiently waiting for the market to come to that level to get in. Awaiting the short squeeze. And BTC selling the brexit news.