ETHUSD A long term look at ETH. Are we repeating patterns in time and price? After the 2018 top and 90+% drop there was a 382 rally which we have had from this recent low but this time we have hit it twice. There is also an ABCD pattern higher at 2200.
If we look at time now. From the 2018 high to the 2021 high there are about 1400 days, so if we use that as a tool then could it be possible that this weak rally that is going on is coming to a near around the end of April with near 1400 days from that 2019 high??
If we go a bit deeper then we look at the next 70+% drop from the June 2019 high to the March 2020 Low that gives us a early Jan 2024 possible low before we go parabolic again..
Just a few thoughts on the longer timeframe using the same tools on a bigger outlook.
I will watch this and see what happens over the coming weeks.
Enjoy the week.
Not
Still moving along nicely but there could still be a move up towards the 2200-2500. Ultimately below those levels we are still in a down trend.
Enjoy the week.
Not
So here we are at the CIT Window. The difference is here that I was expecting a low in the market but instead we are making a high. This creates an Invert in time and we have hit major upside targets this week. This means we could be in for a sell off over the coming weeks. Definitely keep an eye on this going forward. Maybe the start of the BTC ETFs are going to be a sell the fact scenario after all the hype going into it.
Some things to watch going forward anyway. Enjoy the week and I will update the next timing window as we go along.
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