Hi, friends. While Bitcoin is growing, the Ethereum remains at the same place. Why is this happening? Let's find out it. ETH is in main balance which consists of 2 another mini-balances. For mid-term up trend the price must to breaks out and holds above level 1000. Best way is to waiting while this main balance goes up and then buy ETH on correction to balance level. Always remember about false break - if false break out of 1000 happens and the price will return back into the balance you need to close position immediately.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
Comment
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Mini-balance 2 goes down. If the price breaks down 840, we will see a fall to 780.