Timeanalyze
ETHEREUM: It`s probabvly TIME TO BUY!#ChanceoftheyearHey tradomaniacs and cryptoheads,
welcome to an analysis of ethereum!
My friends, I think it`s time to buy!
BUY WHY?
In this analysis we wanna take a look at time-cyclers which are clearly underestimates and not as common as the classic TA which is basically used to compare price-action or price-patterns.
From another perspective looking at the big picture, we see that ethereum had an awesome run with the recent impulse-phase down from 5,60 up to it`s peek of 1.436,-!
IS THAT CRAZY? Yeah.. the hype-train of 2017 was very fast and completly sold out and we`ve never seen so many passengers. But ever since the train was so fast a lot of
passengers got shaky hands and sweaty palms. The train was very fast, as fast as no train before and the crowd inside the train felt insecure and fear crept in.
The entire trip was an amazing journey of 399 DAYS and it was obviously time to rest and enjoy the result of this new world record.
The impulse was over and we were heading into a correction which took excactly 399 DAYS until now!
The market indicates more and more evidence for a new rally.
New carbon has been delivered and the burning stoves are clened up and ready for an new ride..
Technical Aspects:
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Timelines:
All Time-Lines are pretty harmonic indicated by the low of the sub-divided SIN-Wave @ the High
of the primary Sin-Wave.
The Alpha-Waves are confirming that cycle and accurate time-lines are indicating a perfct cycle.
The impulse- and corrective phase are showing the same running time of 399 DAYS.
Price-Action:
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Wave 1 has been completed with the previous impulse @ Wave 5 and we`ve made 25513,25%. Since then the corrective-wave retraced down to 83,29$ which is still a very important support.
This retracement indicates a motive wave, which is not a classic impulse but eventually a leading diagonal because WAVE C of the correction went below the territory of WAVE 4 but DID NOT touch the high of Wave 1 again.
This means we see a confirmed MOTIVE-WAVE indicating an uptrend should tend to continue.
The corrective Wave headed down to the 1.272 Extension, which is a very common level.
The second picture indicates optimism of the market:
The active trendchannel was very dominant and predimonated over the market-players behaivor.
But since the strong sell-off down to the corrections low @ 83,29 $ we`ve seen two attempts to break out of this channel.
The first one failed @ the 100 M/A (purple) which was obviously the target of the bulls which this impulse.
The market smelled a chance and didn`t hesitate to push the price out of this channel again.
the correction was very strong because the price danced around the resistance of the channel.
THE NEXT PUMP got confirmed by a consolidation.. and not as ususal.. a hard dump!
The 50 M/A and 1 00 M/A are about cross and care getting in touch for the first time since July 2018!
THIS IS a very crucial moment for ETH and it`s future because the next move could be the the path we choose to go!
Mac-D:
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During the correction the MAC-D used to bounce of the ZERO aka TRIGGERLINE and refuse to get above it.
Since the first attempt to break out of the channel, we`ve seen that the market is not wolling to drop significantly below it again and flucuates around it.
The BULLISH divergence indicates higher LOWS while the price-action indicates lower lows and looks likea triangle with the first attempt to break out.
The classic retest should be the confirmation of this upcoming impulse!
If we violate the MA-Comb, bounce of the triggerline of the MAC-D and and create a new higher highit will be time TO BUY ETHEREUM!
Misspelling? Sorry guys.. I`m lazy! ;-D
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Try to be Optimistic about your lovely coinsHello Folks
Let's get to work directly.we're in a disappointing downtrend for more than a year. If you're still breathing in this market, you are the last soldiers who are brave enough to fight. my favorite target for Bitcoin is 38xx in coming days. Don't forget that we should break 3550 area (orange box) and 3685 (near MA 50) at first. the last soldiers of our army will be deadly injured in price of something less than 3220. So put your stop around the red box because staying alive is most important story of your life.
Bitcoin Daily Update (day 235)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018.
Previous analysis / position: “If this 4h candle closes above that trendline, which sits at $6,400, then I would expect a retest of the horizontal resistance at $6,445 - $6,464.” / Short USDT:USD from 0.0968 | Short ETH:USD from $201.85
Patterns: Descending triangle might be invalidated - see summary
Horizontal support and resistance: S: $6,400 | R: $6,450
BTCUSDSHORTS: Finding support from the triangle
Funding Rates: longs pay shorts 0.01%
Short term trend (4 day MA): Todays candle closed above (bullish)
Medium term trend (4 week MA): This week is trying to cross above
Long term trend ( 32 Week): Bearish
Overall trend: Bearish. Wick on top of todays candle makes me think we won’t stay above the 4 day MA for long and then wouldn’t expect to close the week bullish either.
Volume: Nothing to speak of
FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351
Candlestick analysis: Last four daily candles: inverted dragonfly / hanging man / hanging man / shooting star
Ichimoku Cloud: 1h and 4h show a lot of support at $6,400. 12h shows a lot of resistance incoming
TD’ Sequential: Not very helpful when we are in a range this tight
Visible Range: Looking back to September 6th (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464
Price action: 24h: + / - 0 | 2w: +4.34% | 1m: +2.6%
Bollinger Bands: Today closed below MA but current candle is above it.
Trendline: Top of descending triangle is $6,500 - $6,550 (if valid)
Daily Trend: Chop
Fractals: Up: $6,792 | Down: $6,057
RSI: Stuck at 50 on most time frames
Stochastic: 1h buy signal vs 4h sell
Summary: In yesterday’s post I was keeping my eye on the bear channel that the 1h and 4h charts were fitting into. Shortly after posting the price broke through and then quickly reversed. The wick outside of the trendline with the close back inside is a strong indication of a trap.
Due to this I opened a small short on ETH’ and set stop orders at $194.90 and $187.70 to add to the position. My stop is set at $206.60.
I called the descending triangle on BTC back in early August . The measured move to $3,000 is what led to me originally targeting that area for a bottom. A gap in the visible range volume profile, prior horizontal support and my Bitcoin Bubble Comparisons confirmed that target.
I am currently reading Peter Brandt’s book titled: ‘Diary of a Professional Commodities Trader’ and today I came across some very timely advice. The follow are two direct quotes from Chapter 11:
“The Australian dollar/Canadian dollar (AUD/CAD) is a textbook example of the comedy of errors that can occur when a symmetrical triangle works its way too far toward the apex. Because prices had traveled beyond two-thirds to three-fourths of the way to the apex, I should have ignored this pattern. Instead I got whiplashed by a series of signals. This market spun me like a top”
“The major lesson to be learned is that triangles are not valid when prices work too far toward the apex. This does not mean that I should not attempt the first breakout, but that if the first breakout fails I need to cross the market off my pending trade list”
My struggles over the past month have been well documented. Prior to that I had been in a great groove, up over 1,000% from March 1st - September 13th. Making all of those calls publicly, and in real time in the Bitcoin' Daily Update.
The triangle on Bitcoin’ was 75% complete on September 13th and since then I have gone on my worst losing streak as a full time trader losing about 30% of my bankroll in the process. Seeing a legendary trader such as Peter Brandt get spun around in a similar setup makes me feel better about it all.
It is also a very important lesson. The next time a triangle is more than 75% complete I am going to be extremely careful entering early and/or using stops that are too tight. It isn’t time to abandon the pattern yet since we still haven’t gotten that first breakout.
Trying out the white charts again today for the first time in months. Hopefully coming back to the light side will appease the gods of volatility!
zoom it and replay it..inspired by gann...but still need of worki belive every stock had an habit in which it move. this habit can be defined by angles of trendline, support/resistance, time taken to achieve an price level, and many more bais parameters. the relationship between price and time keeps on changing (mostly it changes near an key support or key resistance)...study the past and predict the futures.
Bitcoin's possible moves to its fall targetHere I compare price behavior in two types of intervals whilst comparing the 2014 & 2018 bear marketing starting from the new year.
Jan-Oct 2014 bear market:
Red periods averaged 11.4% moves whilst Purple periods averaged 12.2% moves (from period candle close to close).
Red periods saw twice as well downward moves, meanwhile Purple periods were 3.5x likely to be downward moves.
Jan-Oct 2018 bear market:
Red periods averaged 22% moves whilst Purple periods averaged 30% moves (from period candle close to close).
USDJPY possible 170 Pip (+/-) movelooking at a classic wedge pattern here and an Elliott wave abcde correction pattern. We will see but I think it should push to the upside to the 2.618 extension based on previous time and price patterns. 16 bars 16 hrs band about 1.45% move each time.
My only issue with this chart is that I am looking at the Dollar hitting possible time and price resistance right now. see linked idea below.