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ETH Flashing a Buy for 1st time in 100 Days (Patreon)

Published:
2022-09-22 04:03:22
Imported:
2023-01

Content

Hi Team

This is not a trade alert, that means I am not buying. But ETH flashed the first buy on IADSS in 100 days at $1261 - Since June 14th 2022 - Confluence Model, Mean Reversion and Trend (Custom Trend about to flip) on the 4-hour chart all pointing in the same direction. 

This does not happen very often. It is a one-in-100-day event. 

Cumulative Confluence Math is 90.55% Certain ETH is headed up from here.  There is a 9.45% chance it is wrong but odds are stacked in your favor. 


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Comments

Anonymous

I think XRP and SEC situation is driving a lot of this price action right now. If they win, this has huge implications for the broader crypto market. I don’t hold, but I trade and I want them to win. (Edit for clarification: I’m referring to a shift in sentiment and potential parabolic price action.)

Anonymous

Was the sell signal on July 18 wrong? Or was it just not a confirmed sell?

Anonymous
>>92146386

Not really. XRP is a hedge AGAINST crypto in maintaining fiat as primary reserve and transactional value.

Anonymous
>>92146386

I’m referring to price action. I think you misinterpreted my statement but I could have articulated it better. Im not referring to fundamentals. I’m talking about a potential shift in sentiment potentially leading to parabolic price action in the broader crypto market. (“I trade and I want them to win”)

Anonymous
>>92158311

You are probably aware of most of these things. Some are simply my opinion. Sharing my perspective. We are looking for confluence That sell signal is just one indicator. We are also working off of different timeframes and a whole lotta other factors. Someone might have taken that trade. Some may have closed in profit, some not. One could say It was wrong to some, right to others. Just not language I would use. At a glance, The trend was up. I’d be on the lower timeframes looking at momentum too. Me, personally. See what I’m sayin’. Would depend on how one is trading etc. (Thought I’d share since I was here responding to another’s reply to my post above.).

Anonymous
>>92158311

That reversal at the double bottom was another story though. 👍🏼. RSI (10) never leaves my side. Helps me zoom into momentum. I love RSI.