This looks to rise soon.
This was deleted before, I don't know why. Perhaps I have not written enough content. Or someone was offended by the simplicity of my idea. I am no pro trader, but I know there are fractals and certain chart patterns that are accepted to have certain probabilites, statistics-wise. So here are my two ascending triangles in turquoise, plus several patterns before that like the general descent from the higher fib ribbon lane, two falling tops and the touch on the fibonacci ribbon bottom. Like in 2017, bitcoin is lagging the rise in eth, for now anyway.
To be honest, I have never used a fibonacci ribbon before, but it looks to me like it fits very well to the chart... Perhaps look at this as a good example for how not to do proper TA ;)
To be honest, I have never used a fibonacci ribbon before, but it looks to me like it fits very well to the chart... Perhaps look at this as a good example for how not to do proper TA ;)
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