ethhunter

Ethereum High Frequency Zone 2.0

BITFINEX:ETHEUR   Ethereum / Euro
Sup' fellas.

Another big confluence appears and identified.
Let's see if we see the counter of my last high frequency zone discovery which pummeled the price.

I will certainly enjoy the bars painting this chart.

2 days 10 hours left.
Nov 23
Comment: 102-97€ is likely to make a extended upwave to the 0.786 then push for the halving after.

So.... currently 109€
then -> 97-102 area -> 125
then -> 80 rapidly to 160+ (high volume push)
Nov 23
Comment: How does this work?
I recommend reading this for better understanding the theory behind this chart.
https://www.investopedia.com/articles/tr...

Quote:
Nov 23
Comment: In many cases, it is believed that humans subconsciously seek out the golden ratio. For example, traders aren't psychologically comfortable with excessively long trends. Chart analysis has a lot in common with nature, where things that are based on the golden section are beautiful and shapely and things that don't contain it look ugly and seem suspicious and unnatural. This, in small part, helps to explain why, when the distance from the golden section becomes excessively long, the feeling of an improperly long trend arises.
Nov 23
Comment: Guys, eth in the log scale looks.... really, uhm... yeah.
35€?
Nov 23
Comment: Post above is a little skewed, a wedge woulnt drop that far tho, i moved the horizontal line to a previous resistance/support zone which is more likely for the price to break out from the downtrend from, which is around 50€ which is supported by my other chart.


Conclusion, high likelyhood that we will hit my second target on this chart.
Also that, the "epicentre" in this chart is just a correction up before we move down again, let's see! Around 2 days left :-)
Nov 23
Comment: Nice, we broke out of the wedge and are testing it now -throwback. I'm going long if this holds!
Nov 23
Trade active: Big fat long position here. Stop at 104€ precautionary, praying i don't get liquidated...
Nov 24
Comment: 1h bullish divergence, triangle pattern about to complete
Nov 24
Comment: coinbase..
Nov 25
Comment: roughly 12 bars left
Nov 25
Comment: 6 hours , maybe a bit more to we hit the spot. remember last time the major move took place a few hours off the confluence area (delay?)
Nov 25
Comment: We are in the epicenentre. We should see something major take place very soon! :O
Nov 25
Comment: *epicentre
Nov 25
Comment:
Nov 26
Comment:
Nov 26
Comment: Looks good zoomed in
Nov 26
Comment: And break confirmed
How the heck does this even work?
Reply
ethhunter LuisLizama
@LuisLizama, good question. TA is about probability not assurances. In the specific time there are several confluences that intertwine and cross eachother in that specific moment. Its not exact but if you look here i found something i called the Twilight Zone (lol) bit that One har even more stuff going on. As i said it isnt a 100% but there will happen something for sure. Whatever it is i can't say for sure but last time om this chart below i was looking for a major drop since trend was telling is so this time around i hope is the opposite.
Reply
ethhunter ethhunter
Sorry for the typos. I'm on my phone going home from work :)
Reply
ethhunter ethhunter
How does it work? Thats beyond me. It's a combination of math cycles and human psyche i guess
Reply
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