ETHUSD Conflicting trends
Updated
Adding my trend view for a fairly short perspective. Zoom in to see the conflicts.
It's clear from BTC that the down trend is strong on 1D perspective, still 1h and 15m has room for a rise.
Looking at the very short perspective yet 30 min to go lower.
This is my first idea published. Please comment if you want to suggest improvements or link to other ideas that shows a similar view. Or one conflicting. :)
It's clear from BTC that the down trend is strong on 1D perspective, still 1h and 15m has room for a rise.
Looking at the very short perspective yet 30 min to go lower.
This is my first idea published. Please comment if you want to suggest improvements or link to other ideas that shows a similar view. Or one conflicting. :)
Note
Just ignore the Strategy report and paper trade. Thought I had that hidden away, but no...Note
ok, so lessons learned:* It's not possible to zoom into these ideas.
* It took an hour before the idea showed up in the public flow (posted on 1h)
* Find a way to exclude the strategy report.
Still I think the short view trends were successful.
* 5m trend did hold downwards for 30 min and then steeply up. The turn was a bit above what I anticipated, but time was ok.
* 15 min upward trend held for 11 ticks. The BTC kept going longer.
* 1h trend also kept going upward for 3h. Maybe should have seen the link to the 15m. Expected a more clear break.
* The 1h graph now follows mid line of the 1d trend. Did not go for the upper purple band.
* The extra added green resistance line is now close to test.
* My action (no recommendation) will probably be to exit my temporary long positions before the night.
Questions:
* Why didn't ETH keep up with BTC? ETH have been on the slow side lately, but I don't see why it should drop behind in this particular setting. Clues, anyone?
Note
Updated graph. I saw that the "extra line" had slipped in down in published idea, and when adjusted (and painted red) it touches again on the 10th and then breaks through on the 12th. Using the same line as support it broke through the green barrier today. I wasn't paying attention, but with that support we saw a short rally today.
Even so I recognize room for another lift, but still believe that this is "danger area" that forego a fall. I'm trying fibonacci lines based on the gradient towards the upper trend boundary. They look like a good fit downwards, let's see how they play upwards.
Note
The price moved above the corridor, but sideways Feb 27 to Mar 07. True lift off registered for Apr 06 at about 360 USD. Let's see how long it is maintained.
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