We Will Know More in an Hour with ETH in Regards to How Long ...
... it takes for the handle on this cup to stretch out on this Daily before having lift off on the September/October Spring to Up Thrusts which will consolidate in late December early January. At least that's the way the "pattern" has gone for several years with BTC. I'm assuming the same will be likely for ETH.
I'm not going to consider any kind of "position" until this Daily is Completed in an hour.
The following are a few more TF's to have a look at next to other TF's...
Some "close ups" on the 540m, 360m & 240m TF's...
Updates on the 540m, 720m & 1080m TF's together:
The 720m & 1080m TF's seem to suggest we still have more downward pressure than upward pressure coming. Bears are waiting for "buy" order books to fill to their liking at the moment. I can see ETH going up just a little more before Bears have their one last tantrum and the Bull goes on a "brief" rage once again.
Bulls are also loving this "Cheap ETH on these dips,"
Looking at these higher TF's (1080m, 1440m & 2 Day), I can see us turning up hard after the bottom on this "handle" after this Bowl is completed.
The 120m TF:
The main focus here are the "Ghost" and "Green" lines inside the yellow circles. That's the update I'm waiting on over the next hour inside several TF's on the indicator.
I'm not going to consider any kind of "position" until this Daily is Completed in an hour.
The following are a few more TF's to have a look at next to other TF's...
Some "close ups" on the 540m, 360m & 240m TF's...
Updates on the 540m, 720m & 1080m TF's together:
The 720m & 1080m TF's seem to suggest we still have more downward pressure than upward pressure coming. Bears are waiting for "buy" order books to fill to their liking at the moment. I can see ETH going up just a little more before Bears have their one last tantrum and the Bull goes on a "brief" rage once again.
Bulls are also loving this "Cheap ETH on these dips,"
Looking at these higher TF's (1080m, 1440m & 2 Day), I can see us turning up hard after the bottom on this "handle" after this Bowl is completed.
The 120m TF:
The main focus here are the "Ghost" and "Green" lines inside the yellow circles. That's the update I'm waiting on over the next hour inside several TF's on the indicator.
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Note the "ghost" in the 60m TF to the far right was exhaust at or around 0.0% and reversed to the upside.
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The ghost could not be seen going below 50% in the other two TF's because they are higher TF's. We had to go to lower TF to see "when" a "potential" reversal is coming.
Match that reversal in lower TF with what you see in higher TF's to get a "confirmation" for reversal. Sometimes, "confirmation" has to still be guessed at. Meaning, you're not 100% sure.
Added the 30m TF in bottom right corner for one to see the Ghost going to 0.0% well before the Green did. It took a bit longer for the Green to catch up to 0.0% before we had a reversal.
Match that reversal in lower TF with what you see in higher TF's to get a "confirmation" for reversal. Sometimes, "confirmation" has to still be guessed at. Meaning, you're not 100% sure.
Added the 30m TF in bottom right corner for one to see the Ghost going to 0.0% well before the Green did. It took a bit longer for the Green to catch up to 0.0% before we had a reversal.
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1440m (1 Day) TF:
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The Ghost has "Never" been that low before on the Daily (1440m) TF on GDAX (Coinbase).
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Update from the 360m TF:
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It's possible we go up to my Horizontal Ray at $331 then have a little dip before going up once again to go for a breakout but past $331 on up to $400 after that.
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Decided to get more detailed:
I'm about to head out to a friend of mine who just had a new addition to the family. I'll check back later.
Cheers,
David
I'm about to head out to a friend of mine who just had a new addition to the family. I'll check back later.
Cheers,
David
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Oh, by the way...
We could go up to $365'ish instead of $350 this first white line up before a dip $315'ish
We could go up to $365'ish instead of $350 this first white line up before a dip $315'ish
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Odds are, it's $350'ish.
Later.
Later.
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Update on the 360m TF:
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Maybe the next 4.5 to 16.5 hours.
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A few more details of what I've been doing to "try" to find a "pattern."
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You can see where it has exhausted out for the moment inside the indicator. I'm referring to the Purple Ghost heading downside.
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Oops. Wrong Thread. My bad.
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ETH may be back on a roll after that brief pause. It could possibly fly up much faster than one might think over the next 12 to 24 hours.
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Daily TF Update:
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upadte on ETH 60m TF:
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Wow, shows you I just woke up. Did not copy chart properly. Try this again.
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45m TF:
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Sorry I missed this. Was doing TA on 3 other alt coins and forgot to move my "crossing down" alarm higher.
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4 Day TF for view of highly likely cup and handle on ETHUSD Coinbase:
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2 Day TF Update:
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A close up:
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zoomed in on the 540m TF:
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$276.50 might be the next stop.
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That 3,000 ETH Sell Wall is down to 500
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up we go
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Well, we ended up going to $270.00 instead of $276.50
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Definitely went lower...
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Possible track to $231.03... Will need to look at higher TF to make sure we're not exhausted to the downside.
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The reverse can also occur. Meaning, it could be exhausted big time well below 0% at around -10% or -20%. Which could indicate a reversal. Especially, if in a TF higher than 4 hours.