If we use Time at mode, we can detect patterns of accumulation and distribution, and use the order flow to position ourselves advantageously in any instrument, as long as there is sufficient liquidity in it to be tradeable.
In the case of Ethereum, we had a signal trigger in the weekly recently, which suggested a potential 170% rally would start, that would last up to 9 weeks.
The rally has exceeded the target, very dramatically I might add, but still has time left in it.
For the time being, I'll be observing the price action around the key support levels on chart, and monitoring for uptrend continuation signals to get involved in this market again.
The decline on chart has one more day left before it can be retraced, theoretically.
That being said, the fall has been considerably steep, showing increased volume, which makes me think this is profit taking in a large scale.
I reccomend caution, but if you want to hedge your BTCCNY or BTCUSD long exposure, maybe ETHXBT isn't a bad idea, with sufficient technical arguments.
I'll update the chart as we move forward. The weekly uptrend shows there's time left until March 13th, so, stay tuned for updates.
Cheers,
Ivan Labrie.
In the case of Ethereum, we had a signal trigger in the weekly recently, which suggested a potential 170% rally would start, that would last up to 9 weeks.
The rally has exceeded the target, very dramatically I might add, but still has time left in it.
For the time being, I'll be observing the price action around the key support levels on chart, and monitoring for uptrend continuation signals to get involved in this market again.
The decline on chart has one more day left before it can be retraced, theoretically.
That being said, the fall has been considerably steep, showing increased volume, which makes me think this is profit taking in a large scale.
I reccomend caution, but if you want to hedge your BTCCNY or BTCUSD long exposure, maybe ETHXBT isn't a bad idea, with sufficient technical arguments.
I'll update the chart as we move forward. The weekly uptrend shows there's time left until March 13th, so, stay tuned for updates.
Cheers,
Ivan Labrie.
ノート
After today's close, the downtrend is failing.We might be forming a triangle here.
ノート
We have a new mode lower, it's possible to expect one more leg down from this zone. You can short with a 1 atr stop, or wait for the downtrend to end to go long.ノート
In 3-5 days we can expect a new rally, IF we don't break down 45% before!ノート
We might form a lower high/M top situation here.ノート
Double top formed...not safe to short in general, simply stand aside until you get a clear long signal.ノート
Verdict: very little time to hit targets, and unlikely to go higher than the yellow line.
ノート
ノート
Upside is in serious question now, ETH has 3 weeks to hit the upper target including this one...It also has opened up the downside back to the uptrend starting point, in 8 weeks.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。