Inverted HS Pattern on Weekly?
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Possible inverted HS forming on the weekly Ethereum / BTC chart. Question is - are we forming the right shoulder now, or will we see a strong dip forming a more symmetrical right shoulder first?
Chart is marked Long, but could be a strong short down towards 0.02 btc prior to turning long. Need to see weekly break and hold above the neckline before actually positioning a long.
Chart is marked Long, but could be a strong short down towards 0.02 btc prior to turning long. Need to see weekly break and hold above the neckline before actually positioning a long.
Nota
Update, there could be a major buying opportunity should Ethereum give us the proposed alternate right shoulder here. Imagine something like this could occur if Bitcoin has a parabolic move up soon:Nota
Update to the above, again should Bitcoin have a very strong move, Ethereum could drop to either of these two levels in the 0.045ish range or even the 0.026ish area:
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