This analysis went so much easier than the related BTC one that Money Man is thinking he should have done it the other way around – that says something… He puts this one out without a clear pattern as with the BTC one but feels much more confidant like he felt the exact opposite with the previous set of related analysis.
Conclusion: It is not supposed to work this way around or be as clear – this early in a consolidation. Please read the related BTC analysis. There is a chance that ETH might have more of a clear head now and show some upside that BTC is not prepared for, but that would be putting things on their head. Very important to me: Please leave a like if you appreciate the effort, Please comment to develop this and Please follow if you think this analysis thread is leading somewhere that you would like to know about.
@plancton0618, Thank you for your support, plancton0618. It is appreciated.
origliante
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I like your model, the one that I like the most along with the probability analysis of ElliottWaveStats
Do you combine supply/demand and fibo levels?
Rule72
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@origliante, Thanks for your support. I look for confluence of fib levels, energy, trend lines, patterns, "previous footprints" (supply and demand, but a bit different - I developed a bit of a method to spot them), etc. Honestly - I did not just think of a bunch of things to say. Kind of complex in analysis of the chart to get a simplistic view of it and many logical eventualities. My trading itself I keep as simple as possible: keeping a distance form the price, making market as much as possible and conditional orders if need be - trying to never trade "live market orders" / taking market. Calculate lots, plan for as many eventualities as provided by the analysis and trade knowing that I will never be 100% right. Knowing that me watching every candle and live trading would mess with my head and even a small bias would come through into my trading.
origliante
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@Rule72, you are welcome, thanks for the overview on your point of view, it's useful and quite interesting