ProwdClown
Long

Reversal to Upside Looks Like it Could Occur Within 24 Hours

POLONIEX:ETHUSDT   Ethereum / Tether USD
The text bubble speaks for itself...

Posted again just in case Trading View's platform scrunches up the chart above.

EDIT: Just as expected. Trading View's platform scrunches up the chart; placing the text bubble over the Godmode indicator.

Comment: Comparing 4-Day TF for ETHBTC (Below) with ETHUSDT (following chart)...

AFTER FURTHER ANALYSIS, IT'S IMPORTANT TO NOTE THIS UPWARD MOVE WE'RE EXPECTING SOON FOR ETHUSDT MAY ONLY BE BRIEF WITH NO SIGNIFICANT MOVE TO THE UPSIDE. MY APOLOGIES FOR GIVING THE IMPRESSION A SIGNIFICANT MOVE TO THE UPSIDE MAY OCCUR WITHIN 24 HOURS.

ETHBTC 4-Day:



ETHUSDT 4-Day:

Comment: Don't get me wrong... When looking at the 4-Day TF for both ETHUSD and ETHBTC, it looks like a significant upward move is due soon. I will simply be surprised if it's within the next 24 hours.

Again, please pardon the title of this publication. I should have looked at other TF's before coming up with the title I stated.
Comment: Have a look at ETHUSD 2-Day Chart compared to BTCUSD 2-Day Chart. Compare the levels of Stochastic RSI and Phoenix ARI between the two.

ETHUSD 2-Day:



BTCUSD 2-Day:



Here's ETHBTC 2-Day:

Comment: By the way: IF ETHUSD increases 15% in price and BTCUSD increases 15% in price, WHAT SHOULD ETHBTC DO? Answer: Remain the same!
Comment: Important note: I got a PM from someone saying, "I thought you said we're going up now." NO I DID NOT SAY THAT. Clarification below...

2-Day TF:



Note what I said about the 2-Day TF in the Black Text Bubble for this 2-Day chart I posted on July 31st in previous BTCUSD Publication:



I'm heading to the Post Office. Be back after a while.
Comment: The 240m (4h) Looks damn good for ETHUSD to continue upside. Look at the Red and Green Lines making contact below the 20% level while the Green line was going up. The price action also reflects that contact. I would at least go one third of what you're willing to invest into ETHUSD to make entry here. Of course you might want to look at lower TF's first to try to get best entry possible.

Comment: Still wait a bit before entry. I'm looking at the 5m TF with the Phoenix ARI having just broke below the 80% level. It could go lower. The 15m TF also looks like it could continue with downward pressure a bit longer.

NOTICE: If all these notifications you're getting at the moment are irritating you, you might want to shut off your email notifications for now.

Comment: We have a new candle in 10 minutes for the 30m TF. I want to see what the indicators do when they update on that new 30m Candle.

Comment: 720m (12h) TF:

Comment: My bad... I posted BTCUSD in the ETHUSD publication.

My bad... Posting it in the proper publication now.

Sorry...
Keep the updates coming! No one is complaining:)
Reply
@metza24,

ROFL... I'm sure there will be some new followers who will unfollow, but that's okay.

; )
Reply
Hey mate what are your thoughts on this for ETHUSD?

Reply
Thank u for your TA i'm in short since 445 and my target is 360, then, i'll put some buy order at 355 waiting for "SR" Also i made trade with wickoof method.
+1 Reply
@Aaron18,

Damn good job, Aaron!

I'm curious, is this the "Aaron" from YouTube?
Reply
Aaron18 ProwdClown
@ProwdClown, I'm afraid not, i speak spanish, in fact i'm from venezuela.. now i'm curious, who is aaron? he talking about trade?
Reply
Shouldn't the ST in Phase B drop down below the SC?
+1 Reply
@Koindog,

No, not necessarily. They can finish higher or lower. The ST (Second Test) - more or less - will determine the 2nd line of our lower boundary of the trading range to DEFINE our "Support RANGE."

Or I could say it this way: The Support Price Range is FOUND by the bottom of the Selling Climax or Second Test in Phase A (Which ever is lower) -AND- by the Bottom of the Second Test in Phase B. The Selling Climax is often a lower price level than a Second Test in Phase B.

Example with ETHUSD of Resistance Price "Range" and Support Price "Range."



Example with BTCUSD of Resistance and Support Price Ranges: (Notice where I placed the two dotted purple lines for "support price range" in this BTCUSD chart.


+1 Reply
Koindog ProwdClown
@ProwdClown, Yeh ok nice, your understanding of Wyckoff is amazing, been studying your charts a lot recently, keep up the great work!
+1 Reply
@Koindog,

Thanks for your support and taking the time to actually LEARN. I can't tell you how many simply want to be "along for the ride" instead of actually investing the time to know "WHY" they should buy and/or sell at any given time.

I'm STILL LEARNING... The main reason I say that is because the price action hardly ever repeats itself exactly the same way it has done before. Which means the indicators will not repeat exactly the same way as it has before. There are many different scenarios with many different possibilities involving many different inputs from fundamental analysis, etc... It can take years to have "experience" with "most" every possible scenario that can arise in this profession.

I can tell you one thing: I'm certainly soaking in all this knowledge as I learn it and sharing what I learn with everyone else. I even share my mistakes with everyone else. Why? In the hope that others do not make the same mistakes in the future that I have made in the past.
+3 Reply
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