TESTING IDEA NOT TRADING ADVICE.
On the Weekly ETH chart there it is coming up to week 65 from the high, one of the number in ichimoku time theory.
According to the Ichimoku time theory this time period could signal a change in trend next week which is also matching up to the end of a measured move from the Adam and eve patten.
(Eve & Adam down breakout target...
I'm trying to look at all angles so this is ichomoku time theory.
Using the numbers highlighted in the ichimoku time theory week 42 was significant in the previous bear trend when we broke below the $400 mark (65% drop like $20000 to $6000 in this bear trend).
This would result in a breakdown to roughly $2500 as a bottom before a start up with week 172 being an...
Trading against the 1D trend but potential trade on XMR as seen with the bearish ichimoku cloud so this will be one of my shorter trades
A lot will depend on BTC movement but it has broke a bull flag forming a higher low on the 4Hr.
A measured move of 35% will be the target which is a bit above the resistance at $110.
Gold miners have taken a hit with metals and broke a multi year support.
I will be looking to enter a short around the kijun.
1. Price below cloud
2. TK cross bear
3. Bearish cloud
3. Lagging span below cloud.
Back form my summer holidays
Potential long on WEAT:
Bullish TK cross
Lagging span above price
Potential H&S forming
Learning the Ichimoku time theory so day 17 could be influential.
Trying to learn Ichimoku wave theory.
The bounce was off the weekly cloud which just had a bearish T.K cross.
I will be looking at a short around day 65 with the re test of the falling wedge.
Not a big FX vol fan but the volume is low on the bounce.
There are positive signs for a trend reversal but I think the most likely scenario is BTC trades between 9000-7800 for the foreseeable future with no real direction, possibly a capitulation wick down to the 5000 mark.
It is worth nothing the many hedge funds have will only invest in products above a $100,000,000 valuation which is $5887 per BTC...
All the ALT's have a history of moving together and NEO is no expention.
Cloud is signalling a good R:R
The FA is that NEO now has 24 ico's on it that all look to going through accumulation (Mostly on KUCOIN). It is also coming off some old FUD regarding the centralisation of NEO which, in a speculative market like crypto, seems to help with bounces.