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RE: Will Ethereum Reach $600 Soon? - Cup and Handle!
Just an update - Price target was smashed through in a brief period of time. The bottom range was lower than I was anticipating. 270 to 250 is not unreasonable at this point.
What we want to watch for an ETH bottom is the Bitcoin chart. When Bitcoin bottoms that would also likely coincide with an Eth bottom. For the BTC bottom I am still looking at 4k to 3,600.
Could easily be 3600 today and will probably go to 3000 before its over.
Nah, we're due for the bounce rally, it's already started. BTC touched 4k and now it's bouncing. I still think it'll break 4k, but the market will likely move sideways some before it does break 4k to the downside.
There's just a lot of FUD at the moment, it is to be expected. That's why I sold several days ago right after it touched 5k. We should get 1 or 2 major FUD cycles in the coming weeks, and those are the real buying opportunities because we should find new lows.
Yet all this FUD is silly, since the most amazing news to ever happen in crypto was released a few days ago. The first major stock exchange is adding crypto... Russia. News event was ignored, despite what this means for the future of all crypto.