Ethereum is getting crabby

1 Nis 2018

Bullish Crab in development. Completion of right leg around $350 would signal bottom and lead to sharp turnaround.

1 Nis 2018

İşlem aktif

Long position order placed at $343.

1 Nis 2018

İşlem aktif

I've canceled the $343 and placed a long started a long position. The crab has already been completed, the pattern should have been drawn like this:

1 Nis 2018

Not

1 Nis 2018

Not

If you're following my Bitcoin chart you'll see that BTC will complete the head of it's inverse H&S soon, which will offer a bit of a chance to recoup missed opportunity costs...

1 Nis 2018

Not

Hold tight, ETH is about to breakout of an inverse H&S:

2 Nis 2018

Not

Note that the Bullish Crab Pattern fails if we don't make it past mid-way above the right leg without dipping back. Right now, we're cutting it close.

2 Nis 2018

Not

One last thing, I think the way the crab formation ended up petering out, we would classify it as a Deep Crab Pattern, differentiated by the extended spacing between the legs.