oh92

A Different Perspective with Line Charts

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Line charts not only provide a cleaner version of what your are trading, but a different perspective.

The chart above displays my take on ETHUSD using the 1 hour line chart which is one of my favorites.
While comparing this to the candlestick chart, you will see that this provides a much cleaner and maybe even clearer analysis of what the market is doing.
The chart below displays both trendline created from both so that you can see the additional noise created by the wicks.
Taking a closer look at the published chart above, you may notice a pattern of ETHUSD hitting intersection points of trendlines created on the hourly timeframe.
IF ETHUSD would continue to do so, we could possibly get a pattern similar to the one charted above with the red arrows.

I created this pattern by assuming that we may create an ABCD correction in conjunction with:
  • BTC sitting on one of my major support lines
  • My Volume Extension PRO indicator has been giving multiple buy signals between 234 & 243 with no substantial pullback
  • A major intersection is coming up
  • We have yet to create a Lower Low
  • ABCD patterns are extremely common in corrective waves
  • ETHBTC looks extremely bullish

Thank you all for reading & I wish you the best of luck!
cheers!
Comment: Hit the intersection of absolute precision . Now let’s see if we can get a cross
DepthHouse. The Most Advanced Indicators for the TradingView Platform.
https://depthhouse.com/
⇅ DepthHouse Trading System is now live! see more information at:
https://www.tradingview.com/script/ftET8OJE-DepthHouse-Trading-System-Gods-Envelope-Backtest-
Great setup following you now! About to post a trade aswell, have a look on my profile and let me know about it buddy :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out