Hi All,
As per the chart, we have a structure within a channel that looks like 1600 is the next target.
Based on 2 scenario's.
a) BTC pullback to 28k\29k we have the dip in ETH
b) BTC holds this level and ETH has no major dip and creates a mini bullish structure, like the previous one.
Unfortunately we cannot give a good entrance point except buy the dips and go long with ETH for it will likely give better returns than BTC, if the inverse H&S plays out.
Refer to previous ETH.BTC post.
A word of caution, the total market cap has created a structure that billions can leave the space or add to the space. Scary and exciting.
All the best,
S.SAri
PREVIOUS ETH.USDT POST
As per the chart, we have a structure within a channel that looks like 1600 is the next target.
Based on 2 scenario's.
a) BTC pullback to 28k\29k we have the dip in ETH
b) BTC holds this level and ETH has no major dip and creates a mini bullish structure, like the previous one.
Unfortunately we cannot give a good entrance point except buy the dips and go long with ETH for it will likely give better returns than BTC, if the inverse H&S plays out.
Refer to previous ETH.BTC post.
A word of caution, the total market cap has created a structure that billions can leave the space or add to the space. Scary and exciting.
All the best,
S.SAri
PREVIOUS ETH.USDT POST
Note
ETH.BTCnot saying anything, just observation
Note
Note
Still sticking to the original post scriptNote
Another perspective, still bullish however the targets are calculated differentlyeg. inv H &S
Trade closed: target reached
Look up the next ETH post for the continuation
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.