DaDude

ETH fibs and lines of resistance

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DaDude Actualizado   
BITFINEX:ETHUSD   Ethereum
fibs and resistance lines on a heikin-ashi chart
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unnatural 4 percent+ diff on eth vs BTC atm. I'm thinking of a theory wales are coiling up for a bounce.
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panic seems to be decreasing as long are going up again
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So if le whale switches his ETH over to BTC to buy i up cheap that would make ETH drop more than BTC. Then once they are done buying up BTC they will jump on the occassion to buy in on ETH cheap too. Just a theory, sharing my thinking out loud.
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lightning struck drop = previous drop
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people cashed their shorts in on ether
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fibs on last drop
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so we had an impulse wave up thinkin g this is now turning into an ascending triangle with an abcde pattern.
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sorry a c and e should be consecutive lower lows
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messing around with bullish ideas :-) Feel free to correct me!
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nope not a running zigzag B is to high for that scanning patterns again :) the bullish ones ofcourse
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zooming in on a 2 minute chart is awesome LOL, very bullishh
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wave 3 starting
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