Sebastiansj
Panjang

ETH repetition, 1k around christmas eve.

BITSTAMP:ETHUSD   Ethereum / Dolar
The pattern from our two last ETH rallys, 10/12 - 13/12 and 18/12 - 19/12, looks similar. As well as the pattern in between.
I've been reading alot of ideas here on tradingview and a common expression is "History repeats itself". So why not?
I think we will see 1k around 23/12 - 24/12.
Komen: This haul seems to be much tighter this time. We went down and touched the lower trend line and the 0.618 fib sooner then I expected.
Now I expect an atempt to the privious ATH (X - Y) and a retracement to the 0.786 fib before we set an new ATH aurond 950-1000.
What about now?
Balas
Sebastiansj jezuke97
@jezuke97, Yeah didn´t see that one coming. It seems like we found support att 600.

I´m looking for the break out at fib 0.382 measured from the 15/12 low, that also the bearish trend line. As well as the break out at fib 0.786 measured from the same low, thats the bearish trend line nr 2.
We migt be in the ABC Elliott wave correction, but we know that corrective waves retrace part of the previous trend but never move beyond the origin of the previous impulse wave.

Good luck.
Balas
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