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Home Analysis

Chart Analysis ETHBTC 30.06.2018

Sean by Sean
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BTCETH Chart June 2018
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Trends

Continuing with the theme of simplicity from the BTCUSD analysis, I’ve got an ETHBTC chart and I’d like to talk about trends.

A trend is something they say is your friend. With a trend and a good entry/exit strategy you should be able to manage consistent profit without much effort. That’s where the value of the trend is! Where the most favourable outcome is also the most likely outcome.

A trend in technical analysis, whether it’s up or down, has two natural components; impulse-waves and retracement-waves. These two parts form a trend (an aggregate over time) when one wave continues to travel further than the other in a cycle. If one wave moves up $30 and the other moves down $20, then the next moves up $30 again, you have a direction. The longest wave is the impulse, the shortest is the retracement, exactly as the diagram below.

ETHBTC Daily Chart

The chart below is the ETHBTC Daily Chart. On this chart I have marked certain parts of the price-structure with green or orange lines.

ETHBTC 1 Day View 29.06.18

ETHBTC Hourly Chart

This second ETHBTC Hourly Chart is zoomed in from the daily for a closer look.
ETHBTC 1 Hour View 29.06.18

Trends can be found everywhere. In fashion, your personal health, financial markets, North-Atlantic fishing stocks, sun-cycles – the list is endless. With a whole world of cycles and trends, some of which can be capitalised on, it would make sense to look around, find a few good ones and jump on board.

Tags: BTCUSDChart AnalysisETHBTCETHBTC ChartTrends
Sean

Sean

My passions are Bitcoin, good Crypto-projects and media creation. I live and breathe this fascinating industry. Its my mission to bring you entertaining, informative, thought provoking content. I believe in Bitcoin. I believe many Crypto projects are just marketing hype. I strongly believe we need to find the facts, the good people and projects. Lets do that together.

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