Ethereum: What to expect for the next 2 weeks

This is a continuation of my previous Ethereum post and new targets have been added.

Not

Take a look at the weekly chart and see if you can spot the repeating fractal pattern. Add a comment if you can :)

Not

There is a 50% chance that we get pushed back down into the triangle before pushing back up. Should this happen it'll be over the next few hours, and once we start coming back up, we'll blow right past Target 1 to Target 2. Otherwise, we'll still expect a period of sideways action at Target 1. I've closed all positions and will wait on the sidelines to see what happens.

Not

We'll be playing inside of this falling wedge here for the next few hours

Not

We've just formed a cup and handle on the 15min chart. Breakout is imminent.

Not

The lowest point btw was 376.84 creating a dragonfly dogi :)

Not

Don't be freaked out by the sharp drop. We'll be creating complementary bottoms to the ones created during the crash the entire way up. Which means sharp sudden dropoffs followed by sharp sudden recoveries. You could also view it as the last leg of a three peaks and domed house pattern. Now if you want to time the drop offs, simply identify what looks to be 3 peaks on the side of the crash, then once the price is parallel to the location of the 3 peaks, wait for 3 complementary peaks to form. This is the domed house, you want to sell at the top of the third peak. The sudden dropoff that follows will have a pausing point, if you missed the third peak, then that is the time to sell. Note that the domed house then goes on to become the 3 peaks for the next wave of fractals.

Not

Don't try to gauge or relativize the size of the pattern, since there are so many fractals of the same pattern occurring at the same time, you could get lost very easily. You want to focus on the three peaks domed house you identified then follow that pattern to completion before looking for the next one to follow.

Not

The path out of this hell forsaken triangle has become clear.

Not

The sharp decline I predict in the original chart will still happen around that price, but it will not be nearly as low as I expected. We already formed our Adam bottom on 2/6. We are about the jump out of the triangle any minute now to form the dome house, we'll pause slightly in midway up and go sideways for a day or two.

Not

We're still good to meet target 2

Not

possibility for green or blue channel. if we get knocked back by the pink downward channel, even if we go up the green channel now, we'd get thrown back into the blue channel

Not

The sharp drop shown in the original chart will coincide with BTC hitting 10k, but it won't be as dramatic as pictured in the chart above, the 514/515 support line will hold.

Rainman2

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.