ETH Potential Bearish Butterfly

25 Oca 2018

I know, more doom and gloom for ETHUSD, sue me. I'm only posting this because I found it interesting the predicted price for the D-leg upwards for this to complete a bearish butterfly matches my price target from yesterday's Adam and Eve double bottom, of around $1450.

We would look for a 0.618 fib support bounce then potentially another leg down to the 1.272-1.618 fib extensions. Lowest target $420 (blaze it).

Do with this what you will. Keep the hate mail to a minimum. I believe in ETH, but I also understand market cycles, and try to not let my bias cloud my judgement when looking at technicals.


*THIS IS NOT TRADING ADVICE*

1 Şub 2018

İşlem kapandı: durdurma seviyesi

I believe the gartley alternative I posted was more on the money here.

19 Şub 2018

İşlem kapandı: hedefe ulaştı

In retrospect, target still hit.Improper harmonic however.