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.
I'll have to check it out later after my nap. I've only had about 2.5 hours sleep. I had my alarm wake me up for the Senate Committee Meeting earlier.
I'm no good without a decent amount of sleep. If you haven't heard a response from me in 8 or 9 hours, remind me again. I get email notifications when someone makes a comment in a publication.
One moment... Let me have a look and see...
Just posted update above,
No sir... What will really affect us all is what is decided today at 10:00am Eastern Time USA:
ALERT: The Future of Cryptos Decided Tomorrow?! (Bix Weir) - https://www.youtube.com/watch?v=i2RT1Khe5hg
You can watch it live at 10:00am Eastern Time at this link here: https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39