Green Channel, GO!
Happy Lunar New Year!
Say Bye Bye to Bottom of the Ethereum Year!
Market Repeat itself.
One month to Bullish run Bottom:
1. Nov to middle of Dec, 2018, Ethereum took one month to build one bullish run bottom.
2. Jan 10 to Feb 8, 2019, Etherem looks like it has build another bullish run bottom.
They have the same pattern.
Will Ethereum continue walking on "Red Channel"? or starting another way on "Green Channel"?
Our bullish bias is "Green Channel, GO!"
Short Description about the Chart Pattern from Nov to Dec, 2018:
--Ethereum price was unable to closed above 10 days moving average for 2 days during 19th, Nov to 16th, Dec. (Almost one month period.)
--When price kiss 10 days moving average, or climbing higher than 10 MA, the price was killed down, but not a big drop.
--After 17th and 18 of Dec, Ethereum price closed above 10 MA and start a bullish run.
In other word: Ethereum took one month period to build one bullish run bottom.
--Our previous analysis published on 2th, Feb, 2019.
Look likes bottom out of Selling Ethereum and Buying Bitcoin.
Now seems the Giant Fund Managers are starting to buy Ethereum and Sell Bitcoin.
And above chart might be the proof:
--Our previous analysis published on 31th, Jan, 2019
Say Bye Bye to Bottom of the Ethereum Year!
Market Repeat itself.
One month to Bullish run Bottom:
1. Nov to middle of Dec, 2018, Ethereum took one month to build one bullish run bottom.
2. Jan 10 to Feb 8, 2019, Etherem looks like it has build another bullish run bottom.
They have the same pattern.
Will Ethereum continue walking on "Red Channel"? or starting another way on "Green Channel"?
Our bullish bias is "Green Channel, GO!"
Short Description about the Chart Pattern from Nov to Dec, 2018:
--Ethereum price was unable to closed above 10 days moving average for 2 days during 19th, Nov to 16th, Dec. (Almost one month period.)
--When price kiss 10 days moving average, or climbing higher than 10 MA, the price was killed down, but not a big drop.
--After 17th and 18 of Dec, Ethereum price closed above 10 MA and start a bullish run.
In other word: Ethereum took one month period to build one bullish run bottom.
--Our previous analysis published on 2th, Feb, 2019.
Look likes bottom out of Selling Ethereum and Buying Bitcoin.
Now seems the Giant Fund Managers are starting to buy Ethereum and Sell Bitcoin.
And above chart might be the proof:
--Our previous analysis published on 31th, Jan, 2019
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