ElliottWaveStats

ETH USD Chart Update

BITFINEX:ETHUSD   Ethereum
Purple Arrow:

To Sell

Target: 419.20
Technical(*)Math Probability: 60 %
Stop Loss 838.93
R/R Ratio: calculate yourself (I´m out from Ccurrencies up now.)

Red Box:

To buy

Target: 1131
Technical(*)Math Probability: N/R
Stop Loss 838.93

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Technical(*)Math Probability


It considers only technical Analysis concerns. Tested for a significative
sample of an infinite population.

Being the highest of 90% (until now), and the lowest of 10%,
the 10 % remains belongs to fundamentals (*1).


(*1)Fundamentals:

Instead the common assumption, there is consistent statistical evidence that the Waves of social mood (EWT) determine fundamentals and those cases that news drive quotes it happens for a short time, and rapidly the Wave Patterns retakes and fulfills itself.

However, is a fact, that in intraday trading, fundamentals can and do activate Stop Losses’ damaging short strategies.

That´s why they have the remains 10 % of chance to complete 100%.

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