Rule72

Rule72 Updated 

Price went past previous Green Target 2 but has stayed in the neighborhood. Speculation about a double top and a breakout would be rife by now. A small candle march to the high has everybody looking at what could be on the cards. Money Man placed Green Target 1 for a relook if we get there and space in Decision 1 for momentum to decide movement. Normally placing...

Rule72 Updated 

Money Man has not seen the need to adjust his levels as he still stands with his original idea that ETH needs to break a pattern, clear as day on the chart, to get buyers over the fatigue. The short term trendlines are telling us this and has proven themselves as guiding pattern formation. Logic thus would change the top of Decision 1 and bottom of Decision 2 to...

Rule72 Updated 

Report back: Small fake out on Decision 1, followed by reaching Green Target 3 on previous analysis. Money Man is a bit sniffy about that fake out as he gave it even more time than BTC, but it is what it is and being hard on yourself about something you are not in control of is not the way to keep your head in the game. Green Target 4 (now Green Target 1) had to...

Rule72 Updated 

Report back: Green Target 1 was reached. 2 Is still out there, but questions are being asked that needs some attention. Questions? What questions? The thing is that trading relies a lot on measuring. If not, then it would rely on guessing. That is why indicators are so widely used as they give you some consistency of measuring via their inbuilt formulas. Money Man...

Rule72 Updated 

Report Back: BTC made it to previous Green Target 2 and it is about time for Money Man to prove his existence and contribute another analysis. The route we took has been fairly smooth climbing a ladder. We are sitting again with a build-up of potential (Money Man tries to analyze at these times and not turn out lots of analysis – he does not always get this right...

Rule72 Updated 

ETH has gone to previous Green Target 2 and then back to base yet again. Now things are getting decisive as we are sitting in such a web of notable levels that getting out could lead to some notable moves. As mentioned in the BTC analysis: Strange things have been happening on the exchanges and that means that Money Man must update the analysis. Conclusion:...

Rule72 Updated 

Money Man is content with Red Target 1, as there might be a bit of change in the wind now. Strange things have been happening on some of the exchanges and volume is out of whack so that might foretell change. Thus, an update on the analysis is in order. There will be a lot of talk about a double bottom on this chart, but we need some form of confirmation of a...

Rule72 Updated 

Money Man watched ETH break through previous Green Target 5 with trepidation. There was something wrong and he could not put his finger on it. Now we are basically back at ground zero, but he is a bit crest fallen losing out on that extra run. He was keeping an eye on BTC, but ETH wanted to prove some independence. There is not much to say for the moment, but that...

Rule72 Updated 

We saw the heart of previous Green Target 3. Where to now? Money Man will not spin you the story now but will hopefully get to the keyboard again soon. Remember: No guarantees only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere...

Rule72 Updated 

We visited previous Red Target 3 below 53 000 and were rewarded with volume. The bounce has been a slow march upwards with intent (showing a need to form a pattern). Money Man does not approach his trading as a hit and miss affair. He sees it as a perpetual affair. Not a game, where you must show up and perform within a certain amount of time. No. He builds his...

Rule72 Updated 

Money Man had to wait for price to move out of the Decision Box territory and get some direction into it before adjustments were due on levels. “Red Line 2” was hit and caused the anticipated bounce. Now price is getting into a state that justifies this analysis. Targets were changed because of price action and this shows some serious space to the downside....

Rule72 Updated 

Money Man is suspicious of this chart that is being sold as water. Previous Green Target 1 was hit and he moved his average buy higher. Price came down past Decision 2 and did not manage to keep momentum as expected. Those red ovals have got him wondering and add to that the fact that ETH has kept to following the TA (see the previous analysis on ETH titled “Ready...

Rule72 Updated 

Money Man has not forsaken previous Green Target 3, but 2 would also do. ETH has been stopped in its tracks by a stalling BTC and, because of the span of the consolidation, he thinks ETH is still waiting for a confirmation of acceptance of price to get back up to All-Time Highs. Be it a flag or a cup-and-handle or a double top, he is planning what to say and do...

Rule72 Updated 

Money Man has gone all SOYH (Sit on Your Hands) till now on previous Green Target 3. The lines are abuzz with double top news after all the gusto of “This is it”. He is readying himself for a move now by keenly taking part of profits, bringing in his average buy price closer to where he thinks the pawpaw will hit the fan, if we go there. He carefully kept an eye...

Rule72 Updated 

Money Man is concerned that people are not seeing the build-up of potential now and will be caught with their pants down. This type of scenario needs some longer candles soon or we are in for stuff that could, as alluded in the previous analysis, change trend line angles. The problem is that everybody is waiting for a move and volume is dropping because of that....

Rule72 Updated 

Money Man finds that ETH is, as BTC (please have a look at that analysis), boxed in. The bottom of the box on ETH allows for a double bottom, whereas the BTC one does not. Why, he does not know, but that is how the chart reads and if that had to happen on both ETH and BTC, he would simply learn something. Something that he has learned is the relationship between...

Rule72 Updated 

Money Man is a novice horse rider (has not fallen the famed 7 times from a real one yet) and believes in practice before amping up the risk. Problem with trading is that you only get the feel of the horse once you are on the real thing. That feel, that emotion, is what gets you hung on the bushes if you are not ready with a plan at all times. At least put some...

Rule72 Updated 

The snarling of the Alpha Wolf has got the Omega howling. There has been a gradual build-up to this point and Money Man is looking for if ETH can manage a reversal. It is an open question, but there is so much focus on this level that a move up will not necessarily be trusted until it has created some space from here. Downwards there is a lot of fear and naturally...