The Ether price is on a DOWNWARD TREND off of the G pivot high, new top, confirmed by the Engulfing Red candle and multiple time alignments with other pivots. We are looking for a short entry point on the daily chart. A few things to note in the updated chart:
1. G3 is pivot high updated to $394.68 and failed at the pitchfork median line
2. G3 closed above...
For a more in depth analysis, please review my other Kraken:XBTUSD posts.
Here is today's update:
Trade: do not trade off of the weekly if using leverage, trade at least off the daily. If trading without leverage risk and can tolerate periods of time in the negative on a trade for this weekly chart update:
BUY LONG at the .618 FIB $10670
SL: $10550
Profit...
Hello Traders, here is the next iteration in the Ethereum chart, there are some updates to the Monthly assessment, so be sure to read below! Good luck.
Trading is similar to a mental martial art. So in order to be the best trader and TA I can be, I employ a system that uses multiple disciplines to pinpoint wave count/location, trend, and price action. Just a...
Hi again traders! We are within a down wave E on the 4th SuperCycle (SC4E). Yesterday we confirmed the evening star reversal and are on our 1 wave down of 3 toward the E projection of $6,500.
Kraken:XBTUSD is currently in an UPWARDS CORRECTION (numbers are shown on the chart for clarity):
- 1. Ascending triangle (green trendlines), next to last move, wait for...
Hi again! Part three, the daily chart analysis, for XBTUSD:Kraken is here. Trading is similar to a mental martial art. So in order to be the best trader and TA I can be, I employ a system that uses multiple disciplines to pinpoint wave count/location, trend, and price action. Just a quick rundown on what to expect:
I perform trend analysis, the pivot high and...
Hi again! Part two, the weekly chart analysis, for XBTUSD:Kraken is here. I view trading similar to a mental martial art. So in order to be the best trader and TA I can be, I employ a system that uses multiple disciplines to pinpoint wave count/location, trend, and price action. Just a quick rundown on what to expect:
I perform trend analysis, the pivot high...
Hi Again Traders! We will assess the ETHUSD:Kraken Daily chart, as part three of this series.
I view trading similar to a mental martial art. So in order to be the best trader and TA I can be, I employ a system that uses multiple disciplines to pinpoint wave count/location, trend, and price action. Just a quick rundown on what to expect: I perform trend...
First post of, hopefully, many. My overall strategic guidelines are below and will constantly evolve. For this post, we will analyze the potential Bear trend confirmation on the XBTUSD: Kraken Monthly chart. Look at the chart closely, and follow the notes/comments/bullets that are below. The TL:DR projection is in bold
LWC: Location SuperCycle4E (SC4E) -...
LWC: Location GSC2B: Diagonal Triangle (D top = G) Need smaller time frame confirmation of candles. Labeled the correction with ABC for clarity, so B on the chart is actually the D triangle top on smaller time frame.
Trend - Down;
Recent Pivot - G $489.57
Candlestick pattern Red Engulfing:
• G may be top
• The formation is one candle
• September 2020...
