ETHEREUM - Buy Fear Part 2

17 เม.ย.

ETH

Appears to be bottoming at the 1:0.618 Golden Window.

Notice that there are no candle bodies below the 0.786 overshoot ratio on higher time frames such as the day chart here.

Similar to other coins we are buying, we have the bullish pattern with bullish RSI on the 4 hour chart.

ETH can be a great buy in this area because we still await phase 2 on the Path To Altseason where Bitcoin Dominance leads.

Also can be a great one to hold if there is another dump as it may have limited downside compared to other lower ranked

As I said, if there is another dump, ETH like many other coins will likely not go too much lower without a bounce.

In that bearish scenario it may drop below the low a little, but not too much.

But right here it looks good for a bounce and Bitcoin is also at a key Fibonacci band.

So this is very good risk / reward here.

Buy fear 👍.

Not advice

17 เม.ย.

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"Where Ethereum Dominance leads"* (not Bitcoin)

17 เม.ย.

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If you like this contrarian dip buy idea, hit the "Boost" button and more traders will see it 👍.

23 พ.ค.

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Ethereum ETFs approved today and this contrarian trade is working very well. Meanwhile many Bitcoin miners look terrible.

You have to be able to read a chart to see what the flavour is.

7 มิ.ย.

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Holding well. Can move on up.

29 มิ.ย.

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1 hour crypto video: