So over the last few days we say Ethereum made a move from around :
250 - 400.
Was this unexpected? No not at all lets look at the cycles.
so look at the volume peaking 3 times.. You can see on the 21st of May and the 30 of May the peak volume then is followed by a drop in the Ethereum price. Also the time distance between 21 to 30 is 9 days. So the next cycles would be around 9th of June. So as I did I bought around the 7th and the price went from 250 up to 400 a nice gain of 60 % roughly.
So does this always work, no. Whey did it work this time.. This is due to the fratual natural o the patter, the chart above is a daily chart and you can see a distinct patter of thus:
This is the may 30th spike look at the June spike that happen today see how the patterns are nearly identical:
Ok lets look at the 30 minute level and I will include the x axis to show you the above pattern is repeated at the 30 minute:
Notice above how the last bar that goes up and the 3 candles next to it are super similar to the 1day time period charts above.
Ok so why will Ethereum correct super hard in the next few days. Well in my next post I will give full analysis. But look at. this .. the last 50 percent increase is in the smallest time frame. So far Ethereum has moved from 250 up to 400.
THATS 60 PERCENT GAIN. IN ONLY 1 WEEK... BIGGEST GAIN THEN THE REST OF THE RECENT. THIS IS A INDICATED FOR BULLE.. THIS MICRO PATTERN THAT APPEARED THIS MORING ONTHE 30 MIN WILL APPEAR ON THE DAILY ANY MOMENT. SO WE ARE LOOKING AT ABOUT:
CORRECTION 100 DOLLAR ETHEREUM.
THIS TYPE OF PATTERN IS A STALLING OR CRASH PATTERN.. THERE IS A HIGH CHANCE IT WILL PLAY OUT IN THE NEXT FEW DAYS TO WEEK.
HOPE YOU ENGJOYED MY POST AND PLEASE LOCK IN YOUR PROFITS.