I'm not going to consider any kind of "position" until this Daily is Completed in an hour.
The following are a few more TF's to have a look at next to other TF's...
Some "close ups" on the 540m, 360m & 240m TF's...
Updates on the 540m, 720m & 1080m TF's together:
The 720m & 1080m TF's seem to suggest we still have more downward pressure than upward pressure coming. Bears are waiting for "buy" order books to fill to their liking at the moment. I can see ETH going up just a little more before Bears have their one last tantrum and the Bull goes on a "brief" rage once again.
Bulls are also loving this "Cheap ETH on these dips,"
Looking at these higher TF's (1080m, 1440m & 2 Day), I can see us turning up hard after the bottom on this "handle" after this Bowl is completed.
The 120m TF:
The main focus here are the "Ghost" and "Green" lines inside the yellow circles. That's the update I'm waiting on over the next hour inside several TF's on the indicator.
The reverse can also occur. Meaning, it could be exhausted big time well below 0% at around -10% or -20%. Which could indicate a reversal. Especially, if in a TF higher than 4 hours.
Match that reversal in lower TF with what you see in higher TF's to get a "confirmation" for reversal. Sometimes, "confirmation" has to still be guessed at. Meaning, you're not 100% sure.
Added the 30m TF in bottom right corner for one to see the Ghost going to 0.0% well before the Green did. It took a bit longer for the Green to catch up to 0.0% before we had a reversal.
I'm about to head out to a friend of mine who just had a new addition to the family. I'll check back later.
We could go up to $365'ish instead of $350 this first white line up before a dip $315'ish
Haha, Thank you so much :)
I now understand your point. I think its time to place a buy order.