ETH-BTC Above Weekly Alligator: First Time Since June 2018

2020년 2월 7일

The Weekly Alligator, along with fractals, VPVR, and the awesome oscillator are shown.

We look for a weekly close above the Alligator, which suggests a trend change and I'll be buying spot and using some of that to trade ETH derivatives too on 4-hour/15-minute timeframes to take advantage of short-term rallies. We should see ETH-BTC head to the point of control (red line) around 0.040 if it close above the Alligator on Sunday Feb 9th.

The first buy signal given by the Alligator-fractal setup is when the price moves above a fractal high that is above the Alligator. The most recent example of this is the high at 0.03959700 from Feb 2019.

If we break that level, then ETH-BTC could quickly rise to 0.055, as there are low value nodes shown by the VPVR between 0.039 and 0.050 and the price will be drawn to the liquidity zone around 0.055 and possibly higher.

As this is the weekly chart, this could take 5-10 weeks to unfold, perhaps longer. But my first entry in ETH for a long time will be once we close above the weekly Alligator, which is a close above 0.02209562. Once I'm in on ETH, I'll ride the wave and double down on ETH once it breaks 0.03959700.

I plan to exit near 0.055. This is Zen Trading - align your structure with the market, let the fractals do the work for you.

(VPVR seems to have changed somehow since I published the idea) - the point of control was at 0.040 and low value nodes between 0.040 and 0.050, I used VPVR from Jan 1, 2018 onwards.