ETHUSD Update: Higher low reversal is established and upswing continues into minor resistance area. New structure on the hourly chart indicates further strength and offers attractive areas to buy. Yesterday between 5 and 7 PM EST (UTC -4) price failed to make a new minor low at the 187 area and reversed. A new upswing emerged and at 3 AM, and presented a higher...
ETHUSD Update: Dramatic price movement always calls for evaluation of the big picture. The 136 low is dramatic and causing a great deal of discomfort (if you read the ETH forums on Reddit). Again I have to say this market is not as bearish as it feels. This is a zoomed out chart of this market since is pre 10 dollar levels. Looking at this from an Elliot Wave...
This graphical example shows how it is possible to make pips in the market every single day when you have a few powerful indicators which you tested over time. On the GBPUSD there were 1000 pips to be made in the last month. Consider a few more pairs and you do the math.