Ethereum / BitcoinSatış
ETHBTC Ethereum Bitcoin Price Reached Mon-Wk-Daily Targets
And now it is poised to drop. I would compare the current price advance to climbing to the highest point in a tree... There is nowhere to go but down from here. Or you can wait for the tree to grow.
The Timemode structure of the Ethereum Bitcoin price reached the price projection on multiple time frames all within a short period of time.
Timemode is a method to analyze the accumulation or distribution of a stock, commodity, currency, or asset to then project the next move away from that accumulation/distribution level, which we call the "mode".
The trading range around the entirety of 2016 represents the action around the mode from the monthly uptrend in ETHBTC and projecting that range from the accumulation level provides the current high very solidly.
The trading range around the weekly 2017 uptrend provides for a rally to the high of this week so far.
The trading range around the daily uptrend allowed for a rally to the high this week also.
All three time frames are stacked on top of each other and each provides a very similar price target.
The method "Timemode" also allows for time projections from accumulation levels (aka "the mode") and time expires on the weekly at the daily at the end of this week.
From a risk/reward standpoint, it would make sense to be out ofETHBTC here with the price under the highest daily range.
I would expect to see the market consolidate at best from this price level and either form a new mode or, and more likely, drop back down to the previous "modes" to test for support.
We can watch how that decline unfolds to determine if we go back to the monthly mode at 0.04
Join us in the Key Hidden Levels Chat Room to explore further.
Review Ivan Labrie's charts on Cryptocurrencies and feel free to post questions and to review other "Timemode" charts we have posted here.
Tim
6/1/2017 9:42AM EST
The Timemode structure of the Ethereum Bitcoin price reached the price projection on multiple time frames all within a short period of time.
Timemode is a method to analyze the accumulation or distribution of a stock, commodity, currency, or asset to then project the next move away from that accumulation/distribution level, which we call the "mode".
The trading range around the entirety of 2016 represents the action around the mode from the monthly uptrend in ETHBTC and projecting that range from the accumulation level provides the current high very solidly.
The trading range around the weekly 2017 uptrend provides for a rally to the high of this week so far.
The trading range around the daily uptrend allowed for a rally to the high this week also.
All three time frames are stacked on top of each other and each provides a very similar price target.
The method "Timemode" also allows for time projections from accumulation levels (aka "the mode") and time expires on the weekly at the daily at the end of this week.
From a risk/reward standpoint, it would make sense to be out of
ETHBTC here with the price under the highest daily range. I would expect to see the market consolidate at best from this price level and either form a new mode or, and more likely, drop back down to the previous "modes" to test for support.
We can watch how that decline unfolds to determine if we go back to the monthly mode at 0.04
Join us in the Key Hidden Levels Chat Room to explore further.
Review Ivan Labrie's charts on Cryptocurrencies and feel free to post questions and to review other "Timemode" charts we have posted here.
Tim
6/1/2017 9:42AM EST
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