Thanks to the parabolic nature of bitcoin, we will use the log chart in order to correctly visualize the cycles.
First, a short story:
I've seen this pattern drawn back in 2017 , and I was in denial . Not because I thought bitcoin was a dead asset. It was because I had bought bitcoin at $15k, $11k, $7k, $5k - on the way down , not up. So you can imagine my...
Over the past 2 week, ETH/USD has been putting on a consistent show for us. Great price action to trade on between this parallel channel.
This is held strong by the power of ETH/BTC. Now that's a tasty chart!
Time will confirm how ETH/USD progresses, but long term target is still $2000.