POLONIEX:ETHBTC   Ethereum / Bitcoin
6 months ago
ETHBTC has confirmed a weekly uptrend, like I anticipated, while the ETHUSD/ETHEUR chart formed a new weekly 44 bar high in RgMov, Tim West's proprietary trend/sentiment analysis indicator. This implies that the upside is considerable, and we should go long on either a dip inside the box on chart, or a new high. We could speculate and take a half risk position at market price now, and add once we get the aforementioned dip (if it ever happens).
In my last publication I had anticipated two possible paths, and it's clear ETH opted for the more bullish case, so, brace yourselves, it can accelerate rapidly from here onwards.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
6 months ago
Comment:
snapshot
6 months ago
Trade active: 1st buy in...waiting for lower prices to add.
6 months ago
Comment: Coming down into the buy zone...patiently waiting.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
selfhigh05 PRO
6 months ago
Nice work!
+1 Reply
IvanLabrie TOP selfhigh05
6 months ago
;)
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awe.investars
6 months ago
Thanks for this post. I hope it will be updated frequently. (y)
+1 Reply
IvanLabrie TOP awe.investars
6 months ago
Thanks, I will.
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SerOs
6 months ago
Seriously? From your graph 16 hours ago, you expect ETH to go as high as 0.4BTC?? You didnt forget that there over 5 times more ETH coins out there? This means that you expect ETH to get 2 times more market cup of Bitcoin.. Isnt it a bit too optimistic for coin that actually still in Beta?
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IvanLabrie TOP SerOs
6 months ago
Hi, that's just a copy of the previous rally. The target that I expect to hit realistically first and to book partial profits at is the one signaled by the arrow: 0.057 give or take.
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Petros PRO IvanLabrie
6 months ago
0,4 BTC is impossible. This price requires 32M BTC in circulation, and there's only 15,5M.
Reply
IvanLabrie TOP Petros
6 months ago
Hi Petros, read the reply above. It's just a copy of the previous rally. The target I determined from price action is 0.057.
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awe.investars
6 months ago
Is it possible to drop below 0.028 this time?
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IvanLabrie TOP awe.investars
6 months ago
That isn't a good question. Yes it is, but that doesn't make the uptrend invalid.
Any drop inside the blue box is a buy, gradually buy it as it falls, you can divide entry in 2 or more trades, but keep risk at 1-2% of your capital overall.
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awe.investars IvanLabrie
6 months ago
Thanks... that's enlightening.
+1 Reply
IvanLabrie TOP awe.investars
6 months ago
Hope it helps and see you at the top!
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Fractions
6 months ago
you still buying?
Reply
IvanLabrie TOP Fractions
6 months ago
I have bought enough to risk 1%. Note waiting.
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awe.investars
6 months ago
Hi Ivan, is the uptrend still valid now?
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IvanLabrie TOP awe.investars
6 months ago
Yes, you can see that the buyers sent the price back up into the blue zone.
Reply
Fractions
6 months ago
update when you can :)
Reply
IvanLabrie TOP Fractions
6 months ago
Well, we're stopped out. You win some, you lose some.

I will say this here, I'd like to say it to all BTC traders: You don't need to trade only one market, the market you're 'enamored' with. I don't trade a market due to me 'liking' it.
I'd reccomend trading any market that is highly liquid (has good participation), that moves (BTC has been in a sideways range for 8 months), and it will be more profitable than just focusing obtusely on one market.

I send trading signals to a private group, and I cover FX, stocks, commodities and on top of it, BTC and ETH pairs. I don't reccomend trading just one, and if you do, trade FX or stocks, but not only BTC or ETH. Amount of good setups will be way less than in FX, commodities or stocks.

--

Back to ETH, the support is tested, it may still trend up, it's hard to say, but it's also hard to reccomend a long (or a short), stay flat.
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