I've changed my price point to tentatively be a price range of $150.99 to $153.18. This could change as price action plays out. Do not assume we are in a local ascending wedge in the 3h or 4h time frame. We COULD actually be in an ascending channel instead of an ascending wedge.
I did make a couple of errors. First error was in my discussion of 2012 Accumulation Schematic. I called support, "resistance" but then corrected that about 2 minutes later. The second error was when I said, "Backup/Last Point of Support" MULTIPLE times after Sign of Strength in 2012. The small ones going up were simply "Last Point of Support" (LPS); NOT "Back...
Expect ETHUSD to consolidate along with BTCUSD by April 5 to 7, 2019. Phoenix ARI is still at 100% in this 5-Day; indicating still a likely chance for more upward pressure.
...Sign of Strength (Bursting above $4,260) in June/July, 2019 and finding peak of our Sign of Strength around the $8,500 price point before falling back down again with our Back Up/Last Point of Support around the $5,500 price point to begin Re-Accumulation at a higher trading range between $6,000 and $7,500 from until October, 2019 before we see another Up...
I showed you which Yellow trend line in the 6h Time Frame in the video. It's the highest DIAGONAL Yellow Trend Line in the 6h. Based on where the price went to above the yellow line the FIRST time it poked its head above the Yellow Line; it appears we may ride along that yellow line (bouncing up and down off of it) in an arc from down to up then back down;...
Simply pointing out we could continue with upward pressure until some time between the 5th and 7th of April.
At the beginning of this video, we had a look at moving averages in the Weekly TF. We saw in 2015 the 200 MA was acting as support and the 140 MA was acting as Resistance. Present Day, the 200 MA is acting as support and the 166 MA (white with little crosses) is acting as resistance. Could we make it up to the 140 MA (Blue with little crosses) in the Weekly,...
My "unbiased" analysis using the indicators reveals the probability for continued upward pressure. This was determined by the Phoenix ARI still at the 100% level in the 5-Day, 4-Day, 3-Day and 2-Day Time Frames. Don't forget to keep an eye on the Phoenix ARI in the 12h and 18h time frames. If the Phoenix ARI does not make it to 100% in the 12h and/or 18h time...
This is labeled "Short" to prepare you for a reversal SOON to come back down to test support. We still have upward pressure at the moment but still expect us to reverse to downward pressure soon. This appears to be nearing the close of the peak of a Simple Rally in Phase B. Which means we may soon reverse to downward pressure to come back down and test support....
Phoenix ARI remains above the 80% level in the 30 minute and 60 minute; indicating a CHANCE for continued upward pressure for a while. When Godmode indicator indicates downward pressure and the Phoneix ARI remains above the 80% level, this is USUALLY a good indication the downward pressure will not result in a significant drop in THAT particular time frame you...
I'll follow up shortly with another video focusing on mid to low time frames and NO comparison to 2015.
I should have posted a video this morning before the market opened. Oh well... I usually keep my eyes on cryptocurrency. I may provide more TA in the future for DJI, SPX and NASDAQ.
I've been wanting to create a chart for Ontology in my archives for a while. Simply thought it was time to do it while providing TA for it as well.
...to Confirm a Bearish Trend is Likely to Play Out. Posting Chart again below in case TV's platform scrunches up the cover chart too much.
In the lower time frames we do not see a definitive signal saying, "We WILL come down or we WILL go up from here." It's still kind of up in the air for both of them. In fact, this compels me to want to do another publication for LTCUSDT as a "correction" for the previous publication to point out the possibility for more sideways for a while. We simply need more...
The 50 Moving Average may be our support in the 2-Day TF. I'll post a chart for that shortly.
It's my humble opinion we are now in the process of Stair Stepping down to test support once again at the $3,300 to $3,500 price range. It will take a while for us to make it down there. Don't be surprised if we have a "fake" to the upside in the 12h time frame before continuing down further. That future bounce in the 12h TF will only be a bull trap in my...
...to Assist in Our Confirmation of a Bear Trend Stair-Stepping Down Over Next 30 to 45 Days to Test Support Between $3,300 and $3,500 Price Range. I simply thought it was important to NOT get "too" confident yet in regard to a bear trend for a while. Yes, it certainly looks like this may be the case already. Bets/Positions would have already been placed for...