My thesis is based on the fact that there is from my observations an immediate negative correlation between BTC/USDT and ETH/BTC. BTC has been pumping up for a long while now and an important outside return is expected,, the detph of the draw-down I estimate will be a min of 3% and this turn will make ETH react in the opposite direction similarly. This alongside RSI and Stoch movement.
Targets based ON previous structure, Fib Retrace and ABCD harmonic confluences.
70 percent success rate based on personal historical backtesting results with this instrument thus far.
Targets based ON previous structure, Fib Retrace and ABCD harmonic confluences.
70 percent success rate based on personal historical backtesting results with this instrument thus far.
評論:
ok now we are looking at pattern completion in the "d" zone.. signals are lining up for an upward move
交易進行:
評論:
looks like we had a retest, lets see if this set-up, I adjusted targets with a Bullish Gartley pattern update, personally I have no stop-loss because I believe Eth as a good long-term investment, but if my strat demanded one I would place it there,, Cheers
交易結束：目標達成:
first target have been reached
交易進行:
the trade is NOT closed (error in last update)
交易結束：目標達成:
I see we hit target not too long ago,, this was a fun ride!
If I buy then i will aim to sell in the upper target zone, Now depending on what my indicators are saying i will then decide to take half or all my position in profits
More analysis will be needed at that point.
Let's see how this unfolds,,Enjoy