I know, more doom and gloom for ETHUSD, sue me. I'm only posting this because I found it interesting the predicted price for the D-leg upwards for this to complete a bearish butterfly matches my price target from yesterday's Adam and Eve double bottom, of around $1450.
We would look for a 0.618 fib support bounce then potentially another leg down to the 1.272-1.618 fib extensions. Lowest target $420 (blaze it).
Do with this what you will. Keep the hate mail to a minimum. I believe in ETH, but I also understand market cycles, and try to not let my bias cloud my judgement when looking at technicals.
*THIS IS NOT TRADING ADVICE*
We would look for a 0.618 fib support bounce then potentially another leg down to the 1.272-1.618 fib extensions. Lowest target $420 (blaze it).
Do with this what you will. Keep the hate mail to a minimum. I believe in ETH, but I also understand market cycles, and try to not let my bias cloud my judgement when looking at technicals.
*THIS IS NOT TRADING ADVICE*
Trade closed: stop reached:
I believe the gartley alternative I posted was more on the money here.
Trade closed: target reached:
In retrospect, target still hit.Improper harmonic however.
