When applying Wyckoff's methods of reaccumulation to Ethereum, I stumble upon the same entry levels as I do with EW analysis.
- ETH moves around profoundly more in the upper- than it does in the lower parts of the channel.
The reason for this is said to be that with reaccumulation many strong operator hands fight to buy up dips quickly.
- An upward movement starts after the second spring test, which ought to be located more than halfway through the channel.
- Near the end of the channel, the price is said to often struggle with staying within boundaries of the accumulation zone; and ideally shows higher highs with higher lows.
Green = Buy
Red = Stop ( below 287)
- ETH moves around profoundly more in the upper- than it does in the lower parts of the channel.
The reason for this is said to be that with reaccumulation many strong operator hands fight to buy up dips quickly.
- An upward movement starts after the second spring test, which ought to be located more than halfway through the channel.
- Near the end of the channel, the price is said to often struggle with staying within boundaries of the accumulation zone; and ideally shows higher highs with higher lows.
Green = Buy
Red = Stop ( below 287)
Trade active:
ETH is a go, if it goes down to the accumulation channel now that would be the biggest of fuckery. Good luck.
Trade active:
Spread those wings:)
Comment:
Bearish scenario = first wave ended.
However, here are two bullish scenarios:
This one starts counting at 300.
This one starts counting at 360 for a couple of reasons.
However, here are two bullish scenarios:
This one starts counting at 300.
This one starts counting at 360 for a couple of reasons.
Comment:
Possibly.
Comment:
overview
Comment:
Comment:
I can smell something odd in the air, and I don't know what to think about it.
KRW has been pushing up to 510 USD all day while ETH/USD has been struggling to hold onto 470. I don't believe that this is because of night-time at American markets, the difference is just too significant.
Two possibilities:
1. ETH/BTC and other ETH/alt pairs may not be available on Korean markets, meaning they do not pull ETH down as much on those markets.
Currently, BTC and USD are larger contributors to ETH's value than KRW meaning that KRW may be taking back market share here.
2. Manipulation for nighttime arbitrage. The difference between Kraken USD and Bithumb KRW is over 11%.
The following worries me, let me know what you think.
imgur.com/a/FLSfG
KRW has been pushing up to 510 USD all day while ETH/USD has been struggling to hold onto 470. I don't believe that this is because of night-time at American markets, the difference is just too significant.
Two possibilities:
1. ETH/BTC and other ETH/alt pairs may not be available on Korean markets, meaning they do not pull ETH down as much on those markets.
Currently, BTC and USD are larger contributors to ETH's value than KRW meaning that KRW may be taking back market share here.
2. Manipulation for nighttime arbitrage. The difference between Kraken USD and Bithumb KRW is over 11%.
The following worries me, let me know what you think.
imgur.com/a/FLSfG
Comment:
Spider senses... I smell more.
However, this looks bullish. >
However, this looks bullish. >
Comment:
Ethereum in a nutshell.
Meanwhile, Korea pushes all the way to 515$.
Meanwhile, Korea pushes all the way to 515$.
Comment:
The money printing scheme we call margin ALT/BTC seems to have demolished entirely the USD alt market, while the Asian market did not move a dime, as they do not have as many pairs; or at least no volume.
My ETH long target and beyond has been reached, just on the wrong continent.
While the USD market peaked at 480, Korea peaked at the equilevant of 555USD.
This and the fact that eth BTC has this much influence makes me doubt which charts to look at.
For now, I remain bullish with eyes on a pattern that constantly appears on ETH/USD at all time-frames.
My ETH long target and beyond has been reached, just on the wrong continent.
While the USD market peaked at 480, Korea peaked at the equilevant of 555USD.
This and the fact that eth BTC has this much influence makes me doubt which charts to look at.
For now, I remain bullish with eyes on a pattern that constantly appears on ETH/USD at all time-frames.
Trade active:
Sold 512, added eth/btc to be safe instead.
Considering going long above the neckline.
Considering going long above the neckline.
Comment:
Bullish, primary
Bearish,
Bearish,
Comment:
For those of you who have used Adblock to remove their sell button, there's always a way to turn this bullish.
Truncated 5th into expanded flat on a 5-minute chart. ugh... It's better to look at the bigger picture and not over analyse I guess;)
Could go five more small waves down for one more low; all good.
Truncated 5th into expanded flat on a 5-minute chart. ugh... It's better to look at the bigger picture and not over analyse I guess;)
Could go five more small waves down for one more low; all good.
Trade active:
Well that was a long shot :P,
Went long on Bitcoin and ETH @ 420
Ps. Doom still in play, take a pick!
Went long on Bitcoin and ETH @ 420
Ps. Doom still in play, take a pick!
Trade closed: target reached:
Longed 600 and sold the bounce for one last ETH trade.
- ETH is currently in a corrective B wave, started its (5)/3 wave or is one giant UTAD, or arguably never finished its second wave and is therefore now in a big ass expanded flat.
Basically up or down, with lots of chop potential!
Lastly, ETH has always been the first to surge, the first to correct, and ETH/BTC is a manipulated margin fiesta.
Aether's future is bright, and one of the only coins that will withstand a multi-year bear market whenever a cleanout happens.
However, as a trader, I get too emotional about this project.
I've started to over analyse it and made mistakes by doing so; therefore it's time to say this Angel farewell.
- ETH is currently in a corrective B wave, started its (5)/3 wave or is one giant UTAD, or arguably never finished its second wave and is therefore now in a big ass expanded flat.
Basically up or down, with lots of chop potential!
Lastly, ETH has always been the first to surge, the first to correct, and ETH/BTC is a manipulated margin fiesta.
Aether's future is bright, and one of the only coins that will withstand a multi-year bear market whenever a cleanout happens.
However, as a trader, I get too emotional about this project.
I've started to over analyse it and made mistakes by doing so; therefore it's time to say this Angel farewell.
EW possibility,
More likely to be a simple bull flag.
Careful for ETH USD when Bitcoin takes a damp, it may or may not correlate positively.
ETH/BTC is a safer, but less profitable way to long ETH and short BTC.