themnis

themnis

We go up to the red box to test the trend start. Then come back down to make new low.

themnis Updated 

Let's look at local movement in white box first. The down movement from May 3rd broke 3 important supports (yellow boxes 1, 2, 3) that took us to the local high. The temporary bottom on May 29th closed below box 3 on daily, which suggests that box 3 is no longer support for the current down movement. We must find support down below at possibly box 4 (2105...

themnis Updated 

ETHBTC is currently bounded in a triangle, illustrated with yellow lines. We lost supports of the previous upward movement, teal boxes, on the move down. The current price movement seem to be topping. TDI shows a lot of effort moving price up but fail to reach previous high. TTM Squeeze fired short on 4h time frame and momentum is continually going down. In...

themnis Updated 

ETHUSD has been dropping significantly the last few days. However the number of shorts has exceeded longs on Bitfinex. If you did not open shorts last week or even earlier in the month, this is NOT the time. Bears have exhausted lots of momentum. Obviously whether we go down a lot further depends on Bitcoin's movement. I don't see BTC going down too much further,...

themnis Updated 

Recent volume on ADABTC is dying off. Although it's holding an important support line currently, quite possibly it will dip lower. Look for support at 2724, 2541 and finally 2336. The bullish scenario is that we are done with wave 4 correction and will go on with wave 5.