Closing above $314 on the daily basis implies a daily volatility target zone of $475-493
https://www.mql5.com/en/charts/7474602/ethusd-d1-simplefx-ltd
ETH/USD update
7 years ago in #cryptocurrency by srezz (48)
$0.42
- Past Payouts $0.42
- - Author $0.34
- - Curators $0.08
43 votes
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Its ETC, you wrote about ETH =)
r yeah na mate....... thanks srezz for you on going support, no more cryptocompare for you now?
not everyone likes TA posts on CC compare
What do you think about steemit by the way, keep in mind its just in Beta - would be interesting to see what the developers have in mind :)
To be honest I don't understand why on earth a social network would have its own internal currency. To monetise opinions and Ideas? But ideas have no borders and they don't recognise any limits by their very nature. Any attempt to confine them in a box of greed and profit making will be either met by their strong and uncompromising opposition or create an environment of narrow thinking.
In other words, I don't see any future in Steemit as a currency and I don't want to spend my time on something that is born dead.
srezz please consider a return to https://www.cryptocompare.com
srezz any update about Ethereum? Look is so weak now, even in WMA zone.
I'm expecting it to drop to to around 260 as per my wave count.
Thanks for spotting.
@srezz .. as always, thanks a lot for your remarks bro
Can you elaborate with more details on how you arrived to that target zone? I am trying to understand as I learned a lot from your previous analysis using WMA's with fib numbers
Thanks in advance
This is well beyond any post or even a number of posts. You will have to read this book^
https://books.google.co.uk/books/about/The_New_Science_of_Technical_Analysis.html?id=a334yNliorYC&redir_esc=y
Thanks for your recommendation, much appreciated
thanks for the recommendation srezz, ive been downloading the book and is this book suited for people without any knowledge of trading before?
Excellent introduction to TA and trading is "Technical Analysis of the Financial Markets" by John J. Murphy https://www.amazon.co.uk/dp/B00BWVKM4U/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
BTW does anyone know how to create sort of a head post or Q&A section on Steemit thereby avoiding repeating myself over and over again?
dont think steemit has the pin it function yet.
its been mentioned over a year ago on some account and does not seem to have been developed.
thanks srezz its much easier to understand j murphy books!
Thanks for the target update, Srezz. Are you still also anticipating a decent pull back on the way higher, perhaps around the $340 level down to $185.
Obviously not to $185 as we moved higher from the time of analysis. But my last EW count will be negated only after the price exceeds the all time high achieved.
what about the not completed elliot wave (Y) pullback to 231 on your earlier post? im a newbie but are we not gonna have that pullback?
because we are still in wave (x) and will be until all time high is taken out. If this happens my wave count will be invalidated. But until then it's the most probable wave count and according to it the wave (y) has not yet begun.
@srezz, it didn't close above the $314 mark on a 24 hours basis, time for some downward price movement?