3 possible path i see playing out here. Manage your trade with possible structures.
הערה:
Closed above 1630. I think we range for another day before we make a move out of this current range.
Closed above 1630. I think we range for another day before we make a move out of this current range.
הערה:
Bullish green rejected.
הערה:
Looks like we're going to purple path. Manage your trade. Slight 4 hr bear div printing on the RSI.
Looks like we're going to purple path. Manage your trade. Slight 4 hr bear div printing on the RSI.
הערה:
Bearish divergence denied. Looks about time to long your longs. Manage accordingly.
הערה:
RSI holding trend line so far. Upwards consolidation.
הערה:
Again some bearish divergence. The apex of this move should play out soon.
Again some bearish divergence. The apex of this move should play out soon.
הערה:
Apex of this move. February 15h. I'm still bull bull bull, but just being cautious here. Watch for closes below the trend line to signify a reversal/correction. Hoping it still follow the purple line.
הערה:
RSI breaking out to the upside!
RSI breaking out to the upside!
הערה:
Price and RSI needs to hold here to parabolic ascent.
Price and RSI needs to hold here to parabolic ascent.
הערה:
Possible leading diagonal in red. Parabolic ascent in green. If you're in it manage your stops accordingly. If you're waiting to buy, possible opportunity incoming.
Possible leading diagonal in red. Parabolic ascent in green. If you're in it manage your stops accordingly. If you're waiting to buy, possible opportunity incoming.
הערה:
Looking rather suspect. This recent drop did trigger a lot of stop right above 1655. If it want to move higher it needs to do it here. Otherwise I think we see a good sized correction. Hope you have some dry powder to long your longs.
Looking rather suspect. This recent drop did trigger a lot of stop right above 1655. If it want to move higher it needs to do it here. Otherwise I think we see a good sized correction. Hope you have some dry powder to long your longs.
הערה:
Given what BTC is doing, we can only assume that ETH will catch up. It's been ranging for longer than I expected. I expect (hope) to see a big mark up soon.
Given what BTC is doing, we can only assume that ETH will catch up. It's been ranging for longer than I expected. I expect (hope) to see a big mark up soon.
הערה:
RSI looks good. It's been a slow mover, but finally moving up. Strong support at 1750 area.
RSI looks good. It's been a slow mover, but finally moving up. Strong support at 1750 area.
הערה:
הערה:
Still closed in the wedge. Let's see if this can hold. Otherwise we go on for a little downward journey.
הערה:
Sitting on RSI support. Hold here or the downward journey starts. POC is sitting at 1200's for this structure.
Sitting on RSI support. Hold here or the downward journey starts. POC is sitting at 1200's for this structure.
הערה:
Also volume has been drying up a bit on the rise up. We need some serious sell volume to kick in for a bit of a reset imo.
הערה:
Not a good close. I think the trend is over for now and correction is in order. Closing this trade.
Not a good close. I think the trend is over for now and correction is in order. Closing this trade.
הערה:
Daily break.
Daily break.
BTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist.
Kandinsky is generally credited as the pioneer of abstract (ch)art.
Kandinsky is generally credited as the pioneer of abstract (ch)art.
Needs to close above 1630 on the 4 hr to keep bull trend in tact or we will likely see further downside.