Before last year end, daily chart show a 3 block cross crows(14th to 16th, Dec, 2022), it was rejected to test the low of 3 white solders(23th Nov to 24th Nov, 2022). Market form a double bottom pattern. ETHUSD pair might try to challenge Key resistance level. First key resistance: 1301. Second Key resistance: 1366. Support 1: 1220 Support 2: 1180 Support 3: 1150
Let see the following 2 major down trend: 1. FTX down trend line: Major Traders clean their Long Position before Last Year X'mas and New Year Holiday from 14th to 16th Dec, 2022. It keeps a small range trade for half month. If we draw a trend line from FTX event, a down trend dot line(FTX down trend line). 2. Last year downtrend channel: If draw last year high,...
Since 16th Dec, the major players (traders) go home for holiday, price trade in a 10-20 dollars range(day trade). Major range kept in 1155 to 1238. Daily 10 - 20 dollar range might be continue till New Year, and possible for testing low side support level, and testing up side resistance when major players come back to the desk After New Year. Key pressure...
Daily chart shows 3 white soldiers(11/22, 23, 24) (The bull side 3 Killers) 22 days later, Now it present 3 block crows(12/14, 15, 16) (The bear side 3 Killers) Killers to Killers pattern: From Nov 9th till now price trade in range of 1071 to 1351. After 3 white soldiers(11/24), price climb to 1350 high. What price will 3 block corws target to? 1100 to 1070...
Finally, 4 hour EMA Golden Cross (50 4H EMA yellow line cross above 200 4H EMA orange line). 150 days EMA Rejected and Backtest 4H Golden Cross is expected: 1st time tocuh: short position stoploss orders touch 150 day EMA, 2nd time touch: small trial Xtrading which buy bitcoin and sell ethereum and touch 150 D EMA again. but was rejected again( It just counter...
Gride Range Possible tradeing in Lime Box. Convergence between 45 Day EMA to 20 Day SMA. (maybe it might form a triangle pattern) If the price could test low forming a W bottom would be preferable(Lime Circle) If it is in the range trading, from GRID trading principle, preferable to have small and small long position established under lime box average. And...
Recent development : Same Trick pattern of 1. Falling Wedge(dash line) 2. Accending Wedge(dash line) Replay and Replay againg. This trading range between 20 day SMA(Lime Line) and 50 D EMA(Red Line) If we copy the trick pattern, then possible next development might be blue line scenario. Let's observe the trick players play the same game again. Personal...
Red Neckline Zone(RNZ): price comback first and second try touch 50 day EMA(1311) then drop forming a Bearish Line Zone. Blue Neckline Zone(BNZ): Price Drop to the low of 1073 forming a big V shape Bullish Neckling Zone. Now price circle around to backtest. Maybe backtest Red Neckline Zone. Maybe backtest Blue Neckline Zone. Which one backtest can kick-in...
Within 24 hours we see a Rising Wedge broken then drop, and falling wedge broken then up. They have the same pattern. In another word they have same behaviour anti-pattern. Tokyo Time dump down, and Tokyo time pump up. 2 Scenario might be developed after a range trade around 1200 to 1228: Scenario 1. Drop sharply from current level: said maybe drop to 1070....
ETHUSD pair developed in inheriten previour Range Trading for finding next direction. Small Range. Resistance: 1228-1235 Support: 1190-1200
A nice backtest 1071, but not breakdown. Holding well. And quick rebounce and somewhat breakup the downtrend line (Red) Tomorrow will be Friday(Black Friday?), and let's check if holiday dumper cointinue to dump? 4 hour average line 8, 20, and 50 EMA and SMA show a good looking bullish trend. If it could backtest EMA 20(4hour) line again and if it could...
It looks like a Ping Pong Ball jumping between 1080 to 1200(The Range) Recent fall trend is a parallel channel. Current up trend looks like a rising wedge. Be caution. This is a personal record only, not a financial advise. When trading, Please take you own risk and your own study.
Red: Bearish triangle Flag if it is in this case, further drop might be expected. Blue: Bullish Flag if it unable to breakdown the previous low(1071), then it might find somewhere to build a bottom. Note: Green line: 1100 days log moving averag Bule line: 1200 days log moving average Let's see what it will be.
Short Term View(30 minute chart): Uptrend channel is around yellow color(Pressure Channel) and blue color(Support Channel). Long Term View(Daily chart): A clear triangle pattern is in developed. Trade between short term and long term pattern might be safe. Personal record only. Long only strategy.
Small Range Side Walk. Probability A happy Range Trading in weekend. It will back to normal trading trend(Originiall it is a bullish trend from daily chart) after FTX event.
Falling knife. A standard Buyers kill buyers pattern. Hit our long term buy zone for 3 times(Bottom Red line), and our short position close. Now Long only strategy. We have a small trial long position (Hit and run).
It was not a bad looking after last Friday test new high 1677, then it did not try to test new high. As previous analysis: "Let's watch 1500-1525 could hold or not. If it could not hold, a further correction might be coming." A Panic selling after FTX FTT liqudation announcement from Biance today, but volume small. We obserbed 1500 to 1525 area and it did...
That's too bad it(ETHUSD pair) did not test high side again but test the low side after last Friday touch a new high (1677). We see cross trading between Ethereum and Bitcoin (Buy Bitcoin and Sell Etherem) actively as safe guard. Althought price drop and volume decrease could be viewed as bullish signal, but should be caution the revesal. Long term pressure is...