Long should be the right choice if we don't break 0.0147. I am all in.
The count is still valid, I guess it found support on the green line and the high support 0.01710. Proabably following the pink trend lines from here.
Good opportunities to make cash!, Big volatility incoming! Beware bounce could extend to 0.024
Long based on flagpole length just happens to complete ABCD pattern. Convert longs to shorts around .05 if this plays out. Stoch turning up from oversold level and MACD likely to reverse at zero line. A tight SL is appropriate in this situation
The big question is if we go directly to 0.030 or have sideways....
This is probably going very fast, be on the right side!
We are dipping (another dip to 2200-2220 must be expected) into heavy support area here making a reversal pretty much imminent... fingers crossed ;)
Disclaimer: I do not know much yet. However, support and resistance come intuitively to me, as I'm sure it does for most of you. That being said, this published idea is just my under-educated thought and should not be taken as investment advice. POLONIEX:ETHBTC I used a fib retracement in reverse, tracing what I believe to be the 4th wave up to look for where...
Firstly, we see in this chart that buyer pressure is much higher than selling pressure at this juncture. We are in a critical space where shorts should have easily broken the barrier but they barely grazed it. As you can see RSI is holding strong and stable through this "dump." Volume is a bit low, but that's how it is before the surge of buyers see money pouring...
This may have power to run to 0.007. Wait for confirmation before you go long! I believe this will explode in the next couple of days (more analysis later)
The Anti-Ethereum fornt is sincerely telling us that this is not a breakup.... tztztz.
I am just learning. With Elliott Waves we must break the B leg before we can call it a new wave. We never broke the 300 barrier and volume was fairly insubstantial. Not sure but I think we must retrace a bit more before a rush of buyers come in for the leg 1 of a new wave. I am neutral for the time being. Nevertheless, I am going to take a trade near the 200...
I guess this a good position to close short, mid term i am not sure where it lands, and long time is bullish so I will take some longs with me
ETH bounced from last significant FIB Speed trendline and is now touching the top of the triangle. A few minutes ago, Coinbase released the news which was leaked two days ago from Google cache. Visual Studio supports Ethereum. ,,Buy the rumour, sell the news." Trader Bible, pp. 1 I am going short here. It is a very risky trade with not that high chance...
A break of this long term trendline is a direct push down to 0.023 and subsequently low 0.02. And in truth, still a reasonable pullback after a massive push higher for the last 3 month. I post live trades on twitter and my blog, follow me and my time-stamped trade performance at ibankbitcoins.com @ibankbitcoins
I mean, WHY NOT? Considering the probability I have seen the future events, it's even more comprehensible. Let me know which part of the trading idea you want to deepen in. synapticex.com
We couldn't break 300 and the reason is clear. Volume is low af. If that was leg one of a new wave it was hella weak. Where are all the buyers at? Waiting or shorting. The Eye of Sauron looks down upon us and forces us into the nether worlds of the 200 zone. When we reach that level buyers will rush like mad at those prices. then we get exhausted, but people...