MalanoMan

MalanoMan

In the image above, you can see that I am using a custom Tom Demark indicator for buying and selling positions. I've circled 3 points at which the TD indicator reached a 9 Sell indicator (or an 8 in the one case). After these indicators pop up, you see the market recedes. You can see a lot of noise, so every reading has to be interpreted differently. You can...

MalanoMan Updated 

Its been a few days since my last update so I wanted to start with this image of the daily chart shown above. You can see that the price reached $835 5 days ago, which was only $15 short of my target of $850. During that leg up we saw the daily TD indicator reach an 8. We would have liked to see it reach a 9 before retracing, but we know nothing is perfect. Now...

MalanoMan

In this hourly chart shown above, we see healthy amounts of support any time the price of ETHUSD seems to dip. This leads me to believe that there are powerful forces out there trying to push the price up against traders' and shorts' will. Take a look at the ETHUSD SHORTS chart below. Since around April 28-29th, the number of shorts has risen. Now take a...

MalanoMan

If you have read Pt. 1 of the series, you have seen that my ETHUSD price prediction has been fairly accurate. We bounced around $600 and have found mid term support in this area. The volumes are fairly healthy too, which is a good sign for longs. I have been reading a lot of other traders' analyses and have noticed that there is a general consensus on a few...

MalanoMan Updated 

Over the past 2 weeks we have seen an incredible bull run from ETHUSD. Just today we saw ETHUSD surpass $700 on high volume. Shown above is a daily chart of ETHUSD paired with a custom scripted TD (Tom Demark) indicator. You can see that since this bull run has begun, we have gone through a full bullish count (9 days) and initiated a second bullish count. You can...

MalanoMan Updated 

First of all I want to preface this idea by saying that this is my first ever published idea. Please excuse me for the lack of traditional indicators and proper terminology. I like to generate my own ideas based on the Tom Demark indicator and trading volumes. In this image of the daily chart you can see that the Tom Demark indicator that I have coded has...