ETH/USD D1 " It looks good, but still bearish"
Notes:
ETH and BTC has a high correlation so ETH Chart is nearly the same like BTC.
BTC is also the Index from all other Cryptos ( Like the Dow or DAX ..)
So its really important to watch what BTC will do the next days, for me we need first a cleary bullish sign with strenght before i will take a Position on ALTcoins.
F1 = Bearflag small
F2= Bearflag middle
F3= Bearflag big
GP = Goldenpoker ( 0.61/0.65 Fibonacci Retracement)
Why ?
I think all traders see diffrent things on the Chart and i dont know which Flag see the most of them. So i draw all possibilty of a Flag to get the GP as a possible Resistance
----If you are interested , like my idea and follow me for daily updates :)----
ETH and BTC has a high correlation so ETH Chart is nearly the same like BTC.
BTC is also the Index from all other Cryptos ( Like the Dow or DAX ..)
So its really important to watch what BTC will do the next days, for me we need first a cleary bullish sign with strenght before i will take a Position on ALTcoins.
F1 = Bearflag small
F2= Bearflag middle
F3= Bearflag big
GP = Goldenpoker ( 0.61/0.65 Fibonacci Retracement)
Why ?
I think all traders see diffrent things on the Chart and i dont know which Flag see the most of them. So i draw all possibilty of a Flag to get the GP as a possible Resistance
----If you are interested , like my idea and follow me for daily updates :)----
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