¿Is the history repeating again?
With more and more institutional money jumping into ethereum, more usd-based volume, and being able to recover from a lot of troubles and building a strong support at 7$, could be ethereum headed to bitcoin ATH's repeating its behaviour of the "great ethereum bubble" back in january 2016?
Not margin trading at all this kind of set ups, but if ethereum pull backs to 0.016-0.0165 i will scoop some at those leves.
With more and more institutional money jumping into ethereum, more usd-based volume, and being able to recover from a lot of troubles and building a strong support at 7$, could be ethereum headed to bitcoin ATH's repeating its behaviour of the "great ethereum bubble" back in january 2016?
Not margin trading at all this kind of set ups, but if ethereum pull backs to 0.016-0.0165 i will scoop some at those leves.
Note
This USDT chart shows a 1.618 perfect extension of down trend.
A potential correction back to 20-22 USDT, with btc at these levels, would match perfectly with the 0.016 correction proposed by the ethbtc fractals.
Note
A long term view of the fractal i'm suggesting.
Note
the fractal didn't work at all, but we reached new ath's similar to those proposed by the fractal so far. Didn't trade this at all, and it would have been a wild ride.
Everyone misses trades, but you know what? there'll always be another trade :D
Note
Not trading this now, but i would probably long a pull back back to 0.03.
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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.