Long

Ethereum - Perfect Harmony [reversal in time and space]

Updated

Experimental Chart

- The Bottom -
The bottom here is measured with the fibonacci retracement tool as well as other factors such as historical support zones, measured distances for bearish targets and fibonacci time - they all coincide.

A Fibonacci retracement is a term used in technical analysis that refers to areas of support (stops going lower) or resistance (stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

The measured bottom has two levels:
115-107€ and 72-67€ which is less likely but still possible.

- The Confluence -
If the 'falling wedge' plays out and respect the mesurements for the 'predicted bottom' - which coincidentally also is very close to the the 'fibonacci retracement' and the 'fibonacci arc'.

Then this zone will meet the bullish sinus and intersect with the respective resistances in this fibonacci time.

This gives us two plausible targets of:
1491€ high and 1220€ low

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Looks like crypto will quite boring during 2019.
But during 2020 we should see a real bull run!

Trade active

Limit:
115€ - 20%
110€ - 35%
100€ - 30%
75€ - 15%

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I did a approx measurement of the wedge, it would target the 1000€ range, and with some continuation it makes sense with the targets of 1491-1220€.

Do note that i have even higher targets (green price levels), but I'm aiming for the most realistic targets - that also have a major confluence in this chart.

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Has the real accumulation started yet?

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IF Anyone has PRO and can give me volume profile on ETH/EUR i would highly appreciate it :) Waitin a few days to take the black offer

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Getting closer

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Bags partially filled :)

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Trade active

55% of position filled and we are now bouncing, but i don't ser any real conviction.
I will sell this bounce and unload half of my position as we hit 125€. Rest is att stop loss at 117€ so i keep some profit in case it get triggered

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Actually, we can see a 6h inside bar, might stick around longer for women kind of relif rally that might come, works with the chart as well ..

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Lol typo above. Women?? ;D
***Might stick around for some kind of relif rally that might come***

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BTW even tho i have long on most of my chart are LONG im not a perma bull. Anyway lets get back to the trade. I see a EMA12 rejection at 135 and then a prolonged consolidation. Perhaps even another daily test of recent low is possible. Just chilling right now. Lets see what happens!

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I think this is a poop rally. We might dip into my lower targets after all. There is basically no volume, probably retailers thinking they caught the bottom

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Be careful if u didnt buy really low .

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Accumulation / Distribution chart, discussing possibilitys of where we should see a spring. because as i said earlier, this rally was POOP. :) I closed my trade at 125€ and rest got SL with profit at 117€...

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Right now i can say with 100% confidence that we will go sub 100€ for sure, this should be followed by a agressive rally towards 200€ area <-- that rally SHOULD be rejected, if it does, expect another deep dig in the orderbook, my guess is that we should see around 65-75€ as the markup zone before we bounce really hard and have a real rally.

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Nice respect on my first target :) But please go to target 2 now so i can buy moar eth :D

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Zoomed in looks like we may hold!

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IHS idea small time frame

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Holy. Someone liquidated a chunk on coinbase
BTC went to 3.2k

Trade active

One more attempt to set a bottom
I'm long again without a stop loss here.

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Adding all the way to the target 2, no stop loss. I'm ready to hold the pain if more comes. See My new analysis that goes with this chart .

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Trade active

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We are getting closer :)

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Chart of my life

ethhunter

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