Posted again for easier reading and viewing of text bubbles. For whatever reason, Trading View program scrunches up the charts on the cover chart; making me post another copy to make it easier to view and read. Simply click on the chart below to see it in a larger view.
It's important to note I used the 7-Day TF as a means for determining the EVENTS for this Schematic. Wyckoff Rules and Schematics SHOULD only be applied with 7-Day TF or higher where at all possible.
After close examination, I've found ETCUSD to be in progress of a Wyckoff Distribution Schematic.
Here is an image of a Wyckoff Distribution Schematic : https://i.imgur.com/nOJl0Dd.png
If you were to take a look at the following article at Distribution Schematic choices, you may see why: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method
I will follow up shortly with indicators added...
A couple of more additions before getting into indicators:
Also edited the white text bubble with purple trim and purple text to say, "....Phase B to C" instead of A to B.
This is the 4-Day TF:
I would prefer to see the reversal ahead of time in the 2-Day or 1-Day (1440m) TF to get an indication sooner of potential reversal.
4-Day TF: Looks strong like all other alts. As for a price point of where it's going; that's practically impossible to determine. Especially, with so little history. I will say this, ETCUSD appears to have a better chance of creating a new ATH by June 1st when comparing to other coins traded in USD.
2-Day TF: Still room for upside
Daily (1440m) TF: I can see $55 for new ATH this June 1st. I can also see blowing past that to at least $75 by September 1st and potentially $120 by end of 2018.
Thank you for chart. Nice job. Please, keep updating.
ROFL... not that many involved with trading ETC in USD. Most trade it in BTC. At least that's my theory. Also, I simply don't have that many followers in order for a large amount of LIKE's. Especially, since a small percentage actually take the time to click "LIKE" when they navigate to my ideas. For instance, I have over 130,000 views but only 3,000 "LIKES." That shows you how few actually take the time to click "like."
However, I honestly don't mind. I actually kind of like not having a LARGE following. Especially, while I have several projects going on here at the house with a power upgrade and remodel of my mining room for better cooling this summer. If I had a LOT of followers, I would feel more obligated to keep them informed. I will not be in a position to be that "obligated" until mid to late summer. I should be back into trading full time again by then. Which means I'll have more tie to post more charts and keep them updated.
Thanks again for the follow and the "like" hkh.
Happy trading Mate,
I remember when I first became a member on Trading View years ago. I did not know ANYTHING about trading. I especially, didn't know anything about creating charts and using all the features on the charts. I still don't know how to use all the features yet. Mainly because I have not found a need to learn everything yet. Post ideas with your charts as you get more comfortable. Be open to constructive criticism and defiant against haters. Especially, if such haters don't even take the time themselves or have the balls to expose themselves to the public out of fear of being wrong or criticized.
WE LEARN BY DOING. So, as NIKE says, "Just Do It."
Happy trading too.
Also, I created a publication on HOW to use Godmode. Several different versions of Godmode have been created since I created this publication. In the beginning, Godmode did not have its "INPUTS" set to my recommendations. Nor did it have an LSMA "merged" within it and its INPUTS set to my recommendations. NOW, we have a Godmode indicator that has all the inputs and added (merged) LSMA with the inputs set for it per my recommendations. That version is Godmode 3.1 Mod with LSMA - LTCUSD.
I said that to say this, "IGNORE" the beginning of this publication I'm about to share which tells you how to setup the inputs for Godmode and add an LSMA. WHY? Cause the version of Godmode 3.1 Mod with LSMA already has it setup per my recommendations. Simply pick up where I finish telling you how to setup Godmode in that publication.
Fair warning: That publication was VERY DISORGANIZED and basically a rough draft for a future publication that would be more organized. Most everything you need to know about it is within that publication. It will simply take time to study it.
Here's that publication:
ROFL... Happy to help, hkh.
I "TRY" to treat others as I want to be treated. There have been times I'm too busy, sleeping or just not in the mood. However, I eventually get around to treating others as I want to be treated.
Thanks for the follow.
Heads up: I've been awake since 7:45pm yesterday (Thursday). It's now 1:17pm the next day (Friday). So, I might be sleeping the next time you make a post on one of my ideas. I'm sure you'll have questions. That's to be expected... I'll get around to answering any questions you may have when I have the time.