eurusd buy ideaconfirmations
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Numbertheory
ETH/USD: mulling over bearish thoughtsIn case you've been feeling bearish. I'd probably trade on this if we breached the locallow at ~280
Applying macro ichimoku number theory, we can see that we have just passed our 129th day candle. We can see that we have already had a reaction to reaching this point of the cycle.
We can expect some sort of impulse at around this time.
It is good to be prepared for either situation, so along with bullish projections I posted earlier, I have some ideas about bearish movements.
The shorter term ichimoku cloud elements are suggesting possible bearish activity about to occur.
If a downward N wave structure and momentum is sustained I could see us hitting one or both of the two targets shown.
Either the upper span of the 1D kumo at 273,
or
The base line's current position at 262.
Conclusion: we might go down. If we do we will see ~272 and ~262.
If we don't, check out the related idea I posted for an idea of what you can expect.
ETHUSD: bullish projections, possible double topETH has been making bull fractals ever since the bulls regained control on descending 2 hour candle number 9. The smaller time frames show bullish action while the larger ones point to possible downward movement.
Conflicting signals, oh how I love them.
Number theory on both the macro and micro time scales are telling us to keep our eyes wide open to look for impulsive market activity. Not only are we nearing some significant candle counts on the 1hr and 2 hour and 4 hour(I didn't mark it on the chart but the orange line also represents the 4hr candle number 9 since our previous peak), but we are also meeting a significant day candle mark at day number 42 of our rise since the dip to the mid 100s.
ETH is going to do some big things soon, and if it decides to go bullish and breach B, I have some price targets set up for us.
If B is breaches with momentum,
V=350
N=349
E=337
possible rejection at,
NT=336, roughly a double top
As you should know by now I like to stay prepared for trades in either direction. I am quite prepared for ETH to make a double top at the rejection point and take a trip down, possibly to the low 300s.
But just in case the bulls maintain their strength and inspire enough confidence at the top, we have a battle plan.
Similarly if our expectedly significant impulse is in the southern direction, we should have an alternative strategy.
I should be providing one sometime soon.
ETH/USD: bearish projectionsIchimoku number theory suggests that something significant may be about to occur at this moment in time.
We should be on the look out for impulsive price movement. This is suggested by the candle/bar counts present on my chart.
Keeping this in mind, we can see from our cloud visuals that we attempted to beak up out of the kumo and may have failed.
This occurred at a projected point explained in the idea I have linked to this one.
Bearish price theory says the following.
Assuming B is breached:
V=285-(300-285)=270
N=300-(311-285)=274
E=285-(311-285)=259
Possible disruption/rejection:
NT=300-(311-300)=289
Conclusion: watch for behavior. High probability move would be going short if the price breaches B with momentum and closing the short at the more likely price targets. Alternatively you could play it riskier and short now for a chance at catching the tip of the trendchange.
