I'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts. I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in). If ETHXBT gives us a bullish signal...
Ethereum seems to have picked up on activity after being really illiquid for the past week. We have a clear mode at 0.0051, and an interesting volume and range expansion out of it. If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again. I'm rebalancing my portfolio,...
ETH is just before breaking downtrend line. Inv unregular HS is easy to see***. Neckline as a actual downtrend line. .0043-.0045 price is acting good as a support. We can also see that triangle is about to end soon. Buy support is rising at poloniex and whole price actions looks like it's not going to crash soon. Bullish short/mid target is attack to actual ATH....