djoffrey

djoffrey

If BTC could not stop this down trend at a firm support, a great waterfall is on the way. Try a long pos near 32300-32500.

djoffrey Updated 

We see ETH breaking trendline, the retracement is 0.382 and 0.5, but I think 0.5 is a more likely to happen, because there's also a horizontal support zone.

djoffrey

We see after a SOT, the up wave seems been cut off. But how far will this down trend go? Is this a valid tendline? We'll see.

djoffrey Updated 

We see a SOT in the chart, a decreasing wave size and volume told us the correction is on the way. So, after the breaking of uptrendline, we see a correction. NFA

djoffrey Updated 

We see ETH has a Sign of Strenth, break the down trendline and jump out of creek. What we need is a good second test with low volume testing around 1880 - 1920.

djoffrey Updated 

I draw 2 trendline the try to predict support of BTC, both of them are support level and trendline cross point. level 1: 33400+-100 level 2: 31100 +- 200

djoffrey Updated 

After a quick bounce from 28800, BTC tried to resume its up trend, but the selling pressure rejected to jump over the creek(36300), and the trend line broke too early, before a 0.5 retrace. I have stopped trading for a few days, missed the chance at 28800 cause a little afraid. If a support is made at 31000, perhaps going to make a long position. If a...

djoffrey Updated 

We could easily find 2 up moves and 2 down moves with same price range, !!BUT!! less volume, does it mean, the downtrend is ending? Quite unlikely, just a long shoot.

djoffrey Updated 

The thrust came too quick, I didn't got the time to publish this idea, until the 1hour bar ends. I shorted at 41300, based on the sig named "Short of Thrust", that means the last high should be lower than 41500, and I just found a stop sign at 41300. The upper shadow is a little disadvantage for the rise, so the short position could hold for at least 2 days, or...

djoffrey Updated 

The break through down trendline is a position where Composite-Man entry the market, and we can see this correction flushed the followers but price hold beyond that point. This short time Horizontal Price Movement will end in a few hours, and the main impulse will continue.

djoffrey Updated 

In my experience, there's always a third wave before a main trendline breaks, sometimes there would be fake break through. So, if a fake break through happen, and looks like a selling climax, there's chance to go long.

djoffrey Updated 

The trendline system is too effective in ETH chart. Can't figure out why, and BTW, ETH did not exprience a selling climax as BTC did.

djoffrey Updated 

After a 0.5 retracement, a 3High 4H bar turns out to revert the downward trend. Will this correction ends? Maybe, just take a long run to 42k.

djoffrey Updated 

ETH background is not clear as BTC is, but a small bull run after this correction is quite possible. If the retracement reach 2440-2460, and we watch if there is selling pressure, if not, long pos could be start to build.

djoffrey Updated 

After the long upper shadow, we retrace below the creek (40450-40550). Now, hold the short position, wait for a 0.382-0.5 retracement.

djoffrey Updated 

We see the power is decreasing. A 0.382 - 0.5 correction is on the way maybe? But the long position is still safe, just hold, or watch carefully at 0.5 zone, take it back.

djoffrey Updated 

After a strong breakout of previous region, a sudden sell off follows, looks a little too eager. At first it looks like a successful second test, but after the following re-test, the rise is lack of volume. But, with a good selling climax & second test in 31000, the background is about to change, we just need to survive through some shaking-out actions.

djoffrey

As we see, after a SOS, a flag pattern just hangs there, and then the breaking brings more energe. Watch for the ice line back tract NFA