I spent the day scalping the STORM BTC chart (my new favorite thing). This inverted cup pattern immediately popped out at me. It's the same as Ethererum! (and lots of other coins with charts that look like Bitcoin)
The attached picture below shows the detail on the Storm chart.
Interesting part:
- The Ethereum chart shows 4 hour candles, and it drew this pattern over several weeks, starting with the Feb 6th bounce
- The Storm chart is on 1 minute candles (see the picture below), and it drew the pattern in a few hours, months after Ethereum (and Bitcoin) did on Feb 6th. Them's some serious harmonics!
I'm very curious to see how much the Storm price action that comes after the pattern will look like (or not look like) Ethereum's future price action.
Cheers!
-B
The attached picture below shows the detail on the Storm chart.
Interesting part:
- The Ethereum chart shows 4 hour candles, and it drew this pattern over several weeks, starting with the Feb 6th bounce
- The Storm chart is on 1 minute candles (see the picture below), and it drew the pattern in a few hours, months after Ethereum (and Bitcoin) did on Feb 6th. Them's some serious harmonics!
I'm very curious to see how much the Storm price action that comes after the pattern will look like (or not look like) Ethereum's future price action.
Cheers!
-B