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Thursday, July 15, 2021

ETH UPDATE - WICK DOWN TO $1730 (0.618) BEFORE $6000+?!

ETH UPDATE - WICK DOWN TO $1730 (0.618) BEFORE $6000+?!

Ethereum / U.S. dollar BITSTAMP:ETHUSD

SHORT TERM BEARISH BUT BULLISH IN A FEW WEEKS/MONTHS?!! MAY SEE A WICK DOWN AROUND $1730 (TO TEST THE PARALLEL CHANNEL ) BEFORE BREAKING TO THE UPSIDE!!!

You can't be emotional in these markets (stocks, forex, crypto, real estate, etc). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Dont follow the majority, because the majority will lose in the end! Also, dont buy the hype when everyone is buying.. instead buy the fear when everyone else is selling


Everything is on the chart! Ethereum is on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!

FACTS:
1. IN 2017, IT TOOK 6 MONTHS FROM THE 69% CORRECTION TO ALL TIME HIGH! (REACHED $1400 IN JANUARY 2018!)
2. IF WE WERE TO COPY 2017 MOVE, WE WILL BE AT AN ALL TIME HIGH IN DECEMBER 2021!!
3. STOCHASTIC RSI CROSSED BULLISH , BUT NEEDS TO BE ABOVE THE 20 STOCH RSI LEVEL. AWAITING CONFIRMATION!!
4. RSI HASS BEEN BOUNCING OFF SUPPORT LINE SINCE 2018! NEED TO BOUNCE OFF SUPPORT LINE FOR BULLISH CONTINUATION!

BEST TARGETS TO BUY (BEST TIME TO GO LONG!! THIS IS WHERE THE AVERAGE PERSON BECOME A LEGEND!):
Target 1: $1728 (Corresponds to the 0.618 Fib)

BEST TARGETS TO SELL:
Target 1: $6018 (Corresponding to the 1.618 Fib)
Target 2: $8669 (Corresponding to the 2.618 Fib)



Good Luck!


"If you can't beat the fear, do it scared!"

"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.

"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet

"Show me the charts, and I'll tell you the news." - Bernard Baruch



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