The Secret Code & Mega Cycles of Ethereum

Güncellendi

Welcome to my extensive analysis of Ethereum cycles and the hidden message i have found - who does not love Conspiracy theories anyway? Especially with crypto involved.

I revised my previous cycle prediction of Ethereum "Time Machine", and i noticed that i have measured too small timeframes to keep it accurate and my intepretion of the sine wave was off.

Let me explain this chart to you.

We have 3 diffrent cycle lines:
- Blue: Representing the end of a wave up.
- Red: Representing the end of a wave down.
- Green: Representing our all time high.
- Blue+Red: Confluence

According to this cycle theory, the dip should end 8/6, in about two weeks.
This is when we should start building momentum upwards. The criteria is that we stay within the green side of the triangle.
The breakout should occur 25/7 which is also coinciding with the end near the narrow part of the triangle, but the breakout will be a short wave but will be agressive rally which will dip somewhere around a resistance point - most likely around 717$. Depending on how we go with this correction (my guess is 500-420), the dip should put us around 600-500 range (after reaching the wave up i talked about with a peak around 717).

Next cycle is indicating a confluence, a confluence just like the one before we saw the HUGE rally to our all time high.
Coincidentally, the next line is our green line, which we last saw at our previous all time high... Hmm HMMM.

If we measure the distance between our two tops of the large sines lines conciding with the green lines, we measure exactly 666 bars. I believe the sine waves hold a inverse correlation as well as a regular correlation the the price movement, meaning that both the exact bottom and exact top will be in line with large price movments (could be in either direction) but the green line is coinciding with both, so there is a relation there. If I'm wrong here, it could mean that the sines tops must coincide with the green bars for us to reach all time high, this means that it will be 666 days between the all time high (in that case, the new all time high will be late 2020 this means that 2019 will be a bear market, but i doubt this, for now).

Anyway, 666 days....Could this be a coincidence, just like the Ethereum logo is looking like a pyramid? I don't believe in coincidences like this.
Illuminati right in your face. :) Do you have goosbumps yet?! :)

Anyway, I'll break it down to you, this theory suggest that:

The best entry price for ETH will most likely be in 2 weeks, around 420-500$.

We will probably see Another drop soon, followed by a consolidation period before building enough momentum which most likely will break upwards.

The breakout we will have at the end of the triangle will be short but put us up to around 720 before we dip again to slightly above the previous lows.

Next is the confluence zone were the bulls are taking control of the market once again, this will be during the fall.

We will reach a new all time high by December 2018.

This means that we will be a bear market for roughly 3 months before we see a turn around.

I hope you enjoyed this analysis, have a nice weekend.

This is not investment advice.

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These kind of predictions has 0 regard to fundamentals and market sentiment, but i think that time cycles do play a role in the large spectrum, for example when the market is reaching is reaching pivots of over and under saturation.

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Additional information regarding the chart, the white lines are fibonacci extensions which acts as support and resistance levels, you could see that we broke one of the lines on our previous low but bounced off the long term log instead. I expect us to bounce somewhere around those two lines, the median is the black line between those.

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Hey guys!

Small update on the chart, as you can see we are inching our way toward the red line, this is where the downward momentum should end (around 9-12 days left).

The forcast is approx 475-425$ - It's a higher low from the previous low.

Have a nice day

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Bullish reversal scenario i will post the bearish later.

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The Bearish one

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To be honest, I'm leaning towards the bearish scenario. The market is really ugly right now. We just have to evaluate the key points before deciding to enter. A higher low does not mean we will be bullish, we need to break one of the previous highs, specifically, the 0.618 resistance to become bullish.

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.618 = 843 USD

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The fractals are not time adjusted btw.

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If we extrapolate the highs and lows of the Ethereum then we should still, definitly, be bullish, this goes för bitcoin as well. Disbelif can be a trap, but that does not mean that we should not take calculated risks :) I said earlier that I’m leaning towards the bearish scenario, this is 100% depends on how the whales will play the support. Either they let it go and let price move lower before making a move, or they will make a attempt to create a higher low and bait us in, before unloading a last Shakeout (probably a flash dump).

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Price movement still in falling wedge which is contracting.

*** 70% chance that price will move up from the bottom of the wedge.(temporary recovery)
*** 20% change that price will drop out of (375 in sights)
*** 10% chance that price will move sideways.

Expecting the price to stop bearish movement near the orange rectangle below the orange triangle and start moving upward.

If border of the wedge holds i expect price either move sideways but more probable is a move up to test the .382 resistance. Most cruial here is the left side of the wedge, if we break it we are looking to test the bottom of the log trend channel already (key level to keep any bulishness intact for now).

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Closer look at the wedge 1H

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Most likely going down to 485 range

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Actually broke out of the wedge - Good sign!

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target around 530, expecting drop after, see fractal

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The drop came at 540 and we got a nice recovery and found a new bottom around 500 - now moved up to 570 ( this chart is still relevant not much to say, bears still in control and i expect 1 more downwave later

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Something like this is what i expect, IF we break the .382 resistance

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Looks like it might go with my previous fractal, sticking with this idea

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Lol realized i shared a EUR chart few posts above :) Sorry if it confused you...

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Actually, there is no logic that we will continue up at this point, i think we have completly exhausted the bulls here, we didn't even manage to hold 500 with three clear attempts. Too much bears looking to sell there. What we are seeing are a continious draining of the market. We need a lot more volume which we have not found lately, if you payed attention to the pattern we are/were inside it's another rising wedge, all previous rising wedges resulted in a drop.

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This would form a triple bottom, a strong case for a real reversal :)
The rising wedge can be seen on smaller timeframes, it's not displayed on my image above.

Have a nice day :)

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Short squeeze

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Clues? Horizontal+Sloping resistance from top.
Also fibonacci resistance right above us now.

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Eth stretching above the top of the bollinger bands and are inside the 4H cloud, if we don't drop in this area i might become bullish

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Should see a huge pump incoming next few days :)
If this highly theoretical chart is correct.. :P

ethhunter

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.