My new re-entry plan to Eth

In my opinion Eth is not going to have a significant bounce until it touch at least the 1st main support.
This I do not expect to happen in one day, Ethereum has come to take up to a month to finish its descent. Neither does it mean that i think it will take a month, but definitely we must have patience.

If you see this plan is not very different from the previous one, basically only the supports and resistances were rearranged.
It is important to understand how my ideas or strategies work because they are quite "sensitive" in the way that although the area they cover is quite large, the breaking of any support (in this case the resistance angle) can immediately invalidate the entire plan. (or at least need a review and update).

This plan is a map of what I have down the road and according to how the price moves I take my decisions. 1st main support is important even the simple touch of the wick could confirm a change in trend so we have to keep an eye in that area. If it crosses it will most likely touch the strong support.

I hope it serves as a point of comparison for your own strategies.

Best wishes to all!

註釋

A little extra information that helps to have a complete idea of the movements and the place where we are currently.

it is always good to have "the big picture"

註釋

It's the second time it do this, as you see in the blue boxes, the price is pushed slowly to levels where it attracts more buyers.
I'm sorry but I do not buy it, simply represent to much risk to me.

Certainly in an answer I gave in the first re-entry plan when they asked me about a possible Btc-type movement, I said that I needed a minimum of $ 1120 to believe that type of movement possible.
That's why I did the previous update because that level was touched three times. Even so, these levels seem too high and risky to enter,

This level represents too much risk and is totally outside of my strategy. I understand that it is important to accept and modify when your strategy is wrong, however in this case and after rechecking the movements prior to this. I still think we have to go down and rest.

Am I missing a possible opportunity?
I do not see it that way, there are dozens of opportunities, the way I see it is that I am avoiding the risk of staying with an Eth of 1300 for who knows how long.

註釋

A small update of where we are. Obviously having a new ATH moves all, that means that the supports marked in the chart may not be valid.
Anyway I do not plan to do another graphic because my analysis is essentially the same, I do not have enough reasons to see Eth fly without me, (again)

Yesterday afternoon sitting with a delicious coffee I was thinking ...
what am I doing wrong? twice the same problem, what happens? Why was my analysis wrong? (again)

Our old friend Wyckoff gives us a good map of the chart structur, however sometimes I have trouble identifying the specific points. Comparing it with Eth at this moment I can believe that we are in a phase B. This opened the possibility of a further push up before going down. The problem with this is that seeing previous ATH in Eth ... it is difficult to identify those phases.

For the moment I have no more to be aware of their movements and open to all possibilities.

註釋

Well ... there he is, finally.

I will maintain the same levels and when the new structure begins to form I will adjust my supports that are very likely to have risen a bit. However in general it is still a good map

註釋

I like the shape that is forming, I will keep an eye on the "main support" and the thin blue line that goes down from the top ... It is hard to believe that it can lose that support.

We'll see what Baby Eth has prepared for us.

註釋

As my analysis points out, this will be a level where Eth will rest, that's why I call it the main point of reference.
Personally I have not started to play the bells of happiness, there is still the possibility of going down a bit more in the next hours / days.

The next signal I expect is a small jump in the price, a small bounce followed by a confirmation of this support. I would love to see a long and defined arc to confirm if this support holds or not.

I always prefer to take things slowly and not fall into traps.

Something very interesting is how fast it cross the Ichimoku support. The angle was drawn from a top previous to the final price ATH, so I thought that ichimoku support would generate much more resistance, but it was not like that, it came to sit directly in the Main reference point which validates the levels of the original analysis.

As always, best wishes to all.

註釋

very interesting, not only did he not give any respect to the supports, he is in a rather aggressive angle ...

Strong support is active. Always in these cases I try to have respect for the people who come falling with purchases from above, a feeling undoubtedly disturbing.

註釋

680 area looks strong, is not only and Ichimoku support, also is the last level of the uptrend angle...

I can not deny that I am happy but at the same time I try to be objective and have respect for all the people who are very worried or selling and absorbing great losses.

註釋

This is the little jump in price i was talking a couple days ago... now I hope it forms a nice arch and re-test the support.
We have to keep an eye of the volume and movement at this point.

註釋

That 2/1 angle is made of steel!!

註釋

I am very happy with the development of this chart, there are still possibilities to touch the last support....

Happy weekend to everyone!!

註釋

Three weeks and two plans but we did it, it reached the target and several orders were filled. happy I will begin to prepare for a bullish trend.

Best wishes to all ... I hope this map has helped you.

交易結束：目標達成