ETH, the power of long term investing

G'Day Traders and Analysts,

Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.

A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.

Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a corrective move to complete

Master Key for zones

• Red = Three Month
  
• Blue = Monthly
  
• Purple = weekly
  
• Orange = Daily
  

Monthly, original level
Criteria

• Original level, where the market takes the order from the RBR (Rally Base Rally), the lower level is not tested, due to the original not being required. The reaction is built upon the bi-monthly and weekly chart respectively with the reactive test occurring. (Review re-tested level, fig.3)
  
• 
  
• 
  

Bi-monthly level

• Note back to the previous structure, pertaining 2018 (Jan, 2018) - the structure has netted off the imbalance from the original all time high.
  
• This has now created a strong base for buying potential. To truly understand Fig.2, read the below section for further explanation.
  
• Fresh level or future level has already incurred a bi-monthly test once, but not a deep retest so consider this a reactive move upon a fresh level.
  
• Structure here is still strong as a basic test of the bi-weekly close has only been tested (which is the imbalance) see (Fig.1) below, as to the Continuation pattern (CP) was required in the previous structure.
  

(Fig.1)

(Fig.2)
Why is the previous structure important in making an informed decision?
History repeats itself, although - no trader/investor will know the exact date, instead risk calculated moves are prepared using what information is displayed upon the market structure.
The key zone is highlighted, firstly in purple to represent the bi-monthly zone.
The second white dotted lines, show a distinctive close which nets off the February 26, 2018 weekly high. The high closures upon a net 'zero' is a clear distinctive technical piece of information which allows confirmation the price is showing the next move from. This does not 100% always align, however, with probability and risk calculations upon reading the candle stick closures on higher time frames, sentiment can be clear.


Re-tested level, apply the confirmation rules upon a daily close (with an engulfing or 50% candle).
This chart is in conjunction with the explanation below.

(fig.3)

Daily Chart
Back test scenario for a hedged short or a short position if not holding ETH.

Criteria to consider,

• Where is the distal line, where stop losses should be placed?
  
• Where is the proximal line for a confirmed fresh level sell?
  
• Where are the profit taking points? upon the departure?
  

The market at current:
There are two outcomes.

• The reactive buy has occurred upon the initial touch back on April 30, or $2700 zone.
  
• Await a further move which aligns to the final arrival point and begin to DCA investing wise.
  
• Looking at the weekly time frame will indicate further probabilities for the long term outlook.
  

Weekly


Do you enjoy the setups?

• Professional analyst with 5+ years experience in the capital markets
  
• Focus on technical output not fundamentals
  
• Position and swing trades
  

Provide updates where necessary - with new updated ideas tracking the progress.

If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.

Thanks,
LVPA MMXXII