This is my long term Technical view of what i think is happening in the markets ATM.
Charts are in Log Scale i find it easier to analyse in log because of the exponential growth hehe :)
Bitcoin
From an elliott wave perspectiv it looks like we will get a sub 5 wave correction down and ending around 4000$ creating a long term wave 2, if we bounce and brake the green gann fan resistance.
The funny part i fund look at the bounce from subwave 3 at the 1 year EMA in blue.
Thats why i added a 2 year EMA in green and look where its at.
Around where potentially a 5 wave ends and also there is gann fan support in red.
Ethereum
ETH has more or less the same pattern, its harder to analyse because we need more history.
But from the data i looks like 300$ ETH is a good support area. And the correlation of BTC.
If you are a HODLer just HODL if your looking to buy some more this areas may be some good entry levels :)
And if you are a short term "duud" just looking for fast gains (when lambo?)
newsflash you are a gambler xD
Never forget how Market psychology works:
why i believe we are still early adopters in Crypto? check this blogpost i made earlier Today:
https://steemit.com/life/@detusx/passed-300-followers-and-why-i-believe-we-are-still-early-adopters-in-crypto
My analyse of ETH from 7 months ago check it out ;)
https://steemit.com/ethereum/@detusx/ethereum-update-4
leave an Upvote Follow comment and resteem :)
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