INTRADAY 11/03/19 Forecast ETHUSDt Binance

3 nov. 2019

ETHUSDT

Dear friends,

By popular demand, I am expanding intraday forecasts for a pair of ETHUSD.
For clarity and additional benefit for technical analytics, since this post, I will align all trading ranges indicated by me upon the end of the day by the actual value and fill following the day that has closed.

Whether my script was executed or not, it will be possible to understand by the fill frames.
Red - not executed
Green - done
Gray - the forecast was not made

This method will be useful and will help assess the impact of daily, global trends on local changes.
And so, Ethereum moves in a long side - 174 - 190 USD
At the moment, the distribution of TF is as follows:
If we expand the direction of the Thomas DeMark trend by TF, then at the moment we get:
Week - flat (after a bear trend)
Day - bull (even despite the stubborn flat)
4 hours - bull

In zone 173 - 182 is the interest of the buyer. The air here is bought quickly enough and with good volumes.

Consequently, the bullish scenario dominates inside the day (green arrows)
Critical level (breakdown will mean a change in the situation) - 182 USD
The lower threshold for the day is 179
The upper limit for the day - 195



In case of consolidation below the critical level. The bullish scenario will change to local - bearish - see the red shootings.

Since the week is in the flat, but after the transition from the bearish trend, the seller has strength in the market but experiences strong resistance at current values, therefore, given the dominant, but the weak bullish attitude towards the younger TFs, the probability of a bullish impulse is quite high.

Therefore, for me, the first scenario remains a priority; however, it is very fragile and will quickly decrease in probability if a critical level is broken. In this case, the probable end will be according to the bearish scenario.

Good luck to everyone and good profits!
Respectfully,
Michael @Hyipov

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Everyone GTI


Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.