Ethereum Ready For MASSIVE Upside!!(Cycle Comparison)
Welcome back!
Today, I wanted to take step back an analyze a Bitcoin pair. I dont normally trade Bitcoin pairs, however this is a cycle thats setting up for massive returns.
Ethereum has always been the second largest crypto aside from Bitcoin. This coin often starts alt season and I don't think that is going to change anytime soon.
Taking a look at the daily TF chart its obvious to me that the same cycle from 2016 is being repeated today.
I love Bitcoin pairs for the simple fact that they repeat the same cycle year after year.
This is the reason why I am making this post. To compare the current cycle with the one we had back in the day.
There is a simple pattern that plays out with Eth. We have a parabolic rise followed by a strong correction.
After the initial retrace we have a, "spring" effect where prices shoot back up towards ATH.
However, prices shortly fall back down indicated by our second ABC retrace.
Once the retrace is complete we begin the, "accumulation phase" of the market cycle.
This brings us to current times, which is accumulation!!
I am expecting a major rally to come out of this accumulation period which will take us to new ATH against Bitcoin.
Don't miss out!
Today, I wanted to take step back an analyze a Bitcoin pair. I dont normally trade Bitcoin pairs, however this is a cycle thats setting up for massive returns.
Ethereum has always been the second largest crypto aside from Bitcoin. This coin often starts alt season and I don't think that is going to change anytime soon.
Taking a look at the daily TF chart its obvious to me that the same cycle from 2016 is being repeated today.
I love Bitcoin pairs for the simple fact that they repeat the same cycle year after year.
This is the reason why I am making this post. To compare the current cycle with the one we had back in the day.
There is a simple pattern that plays out with Eth. We have a parabolic rise followed by a strong correction.
After the initial retrace we have a, "spring" effect where prices shoot back up towards ATH.
However, prices shortly fall back down indicated by our second ABC retrace.
Once the retrace is complete we begin the, "accumulation phase" of the market cycle.
This brings us to current times, which is accumulation!!
I am expecting a major rally to come out of this accumulation period which will take us to new ATH against Bitcoin.
Don't miss out!
Note
Note
Here is the previous cycle we had back in the day. The same pattern is repeating which is why I am a buyer in this time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.