ETCUSDT - Poloniex - Starting this one with Wyckoff Schematic...
...before following up with indicators.
Posted again for easier reading and viewing of text bubbles. For whatever reason, Trading View program scrunches up the charts on the cover chart; making me post another copy to make it easier to view and read. Simply click on the chart below to see it in a larger view.
It's important to note I used the 7-Day TF as a means for determining the EVENTS for this Schematic. Wyckoff Rules and Schematics SHOULD only be applied with 7-Day TF or higher where at all possible.
After close examination, I've found ETCUSD to be in progress of a Wyckoff Distribution Schematic.
Here is an image of a Wyckoff Distribution Schematic : i.imgur.com/nOJl0Dd.png
If you were to take a look at the following article at Distribution Schematic choices, you may see why: stockcharts.com...school/doku.php?id=chart_s...
I will follow up shortly with indicators added...
A couple of more additions before getting into indicators:
Posted again for easier reading and viewing of text bubbles. For whatever reason, Trading View program scrunches up the charts on the cover chart; making me post another copy to make it easier to view and read. Simply click on the chart below to see it in a larger view.
It's important to note I used the 7-Day TF as a means for determining the EVENTS for this Schematic. Wyckoff Rules and Schematics SHOULD only be applied with 7-Day TF or higher where at all possible.
After close examination, I've found ETCUSD to be in progress of a Wyckoff Distribution Schematic.
Here is an image of a Wyckoff Distribution Schematic : i.imgur.com/nOJl0Dd.png
If you were to take a look at the following article at Distribution Schematic choices, you may see why: stockcharts.com...school/doku.php?id=chart_s...
I will follow up shortly with indicators added...
A couple of more additions before getting into indicators:
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7-Day TF with indicators:
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4-Day TF:
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2-Day TF:
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Daily (1440 minutes) TF:
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Check this out: www.scribd.com/docum...n-Virtual-Currencies
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Bringing attention to the odds being HIGH that ETCUSD has probably reached a reversal point to the upside.
3-Day TF:
3-Day TF:
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Don't be surprised if we have a few days of sideways before it goes up significantly.
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Also, even though the 4-Day TF shows the Phoenix ARI has not reached bottom, I've also seen the ARI in 4-Day and 3-Day TF's do not necessarily have to go all the way to zero (0.0) percent before we see reversal.
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New red Text Bubble on the 7-Day TF.
Also edited the white text bubble with purple trim and purple text to say, "....Phase B to C" instead of A to B.
Also edited the white text bubble with purple trim and purple text to say, "....Phase B to C" instead of A to B.
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STAY THE HELL AWAY FROM POLONIEX FOR NOW: twitter.com/Poloniex...s/961030372967550976
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ETCUSD has reverted from that of Distribution to Accumulation. Hence the change to BLACK text bubbles for accumulation. I'm going to start using BLACK text bubbles for accumulation schematics.
This is the 4-Day TF:
This is the 4-Day TF:
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2-Day TF with indicators... The reason I'm showing the 2-Day instead of 4-Day TF at this point in time is because of how low the purple ghost and green lines are in the 4-Day TF.
I would prefer to see the reversal ahead of time in the 2-Day or 1-Day (1440m) TF to get an indication sooner of potential reversal.
I would prefer to see the reversal ahead of time in the 2-Day or 1-Day (1440m) TF to get an indication sooner of potential reversal.
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Daily (1440m) TF:
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A look at the 12h (720m) TF. You can see it's TRYING to reverse. Just not there yet.
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blacksea00, wanted an update with ETCUSD. So, I'm providing one for him.
4-Day TF: Looks strong like all other alts. As for a price point of where it's going; that's practically impossible to determine. Especially, with so little history. I will say this, ETCUSD appears to have a better chance of creating a new ATH by June 1st when comparing to other coins traded in USD.
2-Day TF: Still room for upside
Daily (1440m) TF: I can see $55 for new ATH this June 1st. I can also see blowing past that to at least $75 by September 1st and potentially $120 by end of 2018.
4-Day TF: Looks strong like all other alts. As for a price point of where it's going; that's practically impossible to determine. Especially, with so little history. I will say this, ETCUSD appears to have a better chance of creating a new ATH by June 1st when comparing to other coins traded in USD.
2-Day TF: Still room for upside
Daily (1440m) TF: I can see $55 for new ATH this June 1st. I can also see blowing past that to at least $75 by September 1st and potentially $120 by end of 2018.