WyckoffMode

Reversal to Upside Looks Like it Could Occur Within 24 Hours

Long
WyckoffMode Updated   
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...

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