ETH LONG POSITION RISKY TRADE Day's Bias: Short Term Bullish
Plot:
Asian Range Implementation. Asian Low Taken.
London Open Entry Setup
Intermediate Swing Low Liquidity Taken.
Target Gaps up to 50% to 61.8% as retracement from this Bearish Impulse move.
Trade shall be closed until TP hit or right before NY Close.
Ethud
Eth/usd - Theory n pointsTheory of Demark (n points).
Building trend from right to left.
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Father ETH weaker than son ETCHey guys, ETH bulls didn't managed to hold the 4H lows yesterday. We have now touched on the 61.8% fibo level, where ETH is currently trying to form its new higher higher low.
Both on the 4H & 1H we're currently under the EMAs. So -the ETH bulls have still some work to do here.
More important: In the ETH/BTC direct correlation we're now at the daily low at 0,071 -if we negate this, it means that we need to form another low until 0,055 -otherwise the weekly equilibrium will be broken with certainty. In any case, that ETH bulls need to hold the 0,071 direct correlation with BTC, in order to stay relatively strong.
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC