AlexG3158

AlexG3158

A couple of days ago I posted an idea talking about a possible Wyckoff accumulation pattern forming. Here is an update. Last time we were just retesting the lower levels, it wasn't quite a spring since we didn't manage to breake it, we just saw a bounce. This time, however, we did see a break down, the price came all the way down to the 28k-19k levels. So far, the...

AlexG3158

I know it's very messy and lines and points are not as accurate as they cour be, sorry about that, but it's just a general overview of where we are right now. In my opinion, this looks exactly like a Wyckoff accumulation pattern. I've highlighted some of the most important points in the pattern so that you can see it more clearly. Now, we might see a break out...

AlexG3158

Similarly to BTC, ETH is probably forming a horizontal triangle, in fact, a huge one whose targets are astronomical, ~$4000 if it breaks to the upside, $1240 if it breaks to the downside. The upper resistance matches another important level, the EMA ribbon, which ETH is right now battling against, therefore, if ETH were to break to the upside, we would technically...

AlexG3158

In the last few days, we saw the ETH price retesting the long term support, we saw a bounce followed by a retest, which could be the beginning of a massive W pattern. We are now in a period of consolidation which is crucial. The 20 and 50 EMA are about to touch each other. If we continue going upside, we might avoid that cross. In the weekly time frame, we haven't...