Long term trends are in ascending order but still flat and then with a gradient which has a null weight to lift the price. We need a momentum to take off these trends and start to make them inject $rate into the market with a non null gradient.
ETH is turned North Face.
-Neutral red trend is crossing, long terme purple trend. This configuration is bullish.
-In the same time ETH is going back above its previous support rope with insane objectif above.
If we close above this rope, two targets are easily reachable.
-TP1 on building rope.
-TP2 on at the end of the supply predictive area for the next rope.
Observation:
Nothings can tell me if the momentum has stopped its race for now:
- No tendency change for major trends (rope).
- Planty trends and/or clouds to support price drope tendency.
- Volume is still green in daily on the resultant.
- Waves pattern is acceptable for a round 2.
=> Clearly, it's a green light for the price to continue to build up in term...
Observations:
-Still holding the last target rope with a HH & LL configuration. Holding rope is turning positive (buyers > sellers)
-FFT harmonics building up nicely
-Volume resultant is almost positive, then to stay conservative i will keep a orange light on this.
Next target is the next rope above:
-TP1 the rope
-TP2 the cloud
I take a risk on this publication as nothings is closed yet :p! But it wouldn't be fun otherwise.
Cross between short term and medium term buyers, both building up.
-Test of the ascending trend MA(128): Hold ok (for now)
-Pull back above the ascending trend MA(64): I expect a stick along this trend for now as the R/R is now affordable.
-Both volume and price...
!This is not a target, it's just the last rope which gonna hold the next Cycle!
The buyers/sellers resultant= 0 is our next support bottom (We have time but keep it in mind ;) ).
The new rope itself could be the resistance aswell but it will mean nobody care of the BTC anymore, then a last intermediary resistance in the node (buyers = sellers) is my most likely...
Phasing split price and volume by trend cycles then split each cycle in 3 harmonics system by DFT. Cloud are the resultant of each harmonic gradient system in each trend cycle.
LTC has amazingly jumped into its official bull cycle: He is the first of the major to have a reach a positiv super rope resultant (Resultant of a Waves system composed of 3 harmonic). The...
