ETH Short in waiting

POLONIEX:ETHBTC   Ethereum / Bitcoin
142 2 1
ETH appears that it might be topping out and a drop could be in store. However, this could be a bit premature. I'll be waiting for divs to set in on the daily chart , like in early March, and similar patterns should also formulate on the four hour chart. Look for a drop and another move up over the next seven to nine days. This would, coincidentally, line up with the closure of the DAO crowdsale which is seemingly providing the catalyst for this up move.
Comment: This is beginning to play out as expected. Price has dropped and reverse bull divergence has formed. I'm thinking we'll see another move up where stops get taken out above the recent high. I have not yet entered a trade, but I'll be looking to short the next bounce assuming I get the look I want out of the momentum indicators.
Comment: I should add that I'm seeing this divergence on the four hour chart.
Agree with you, but crowndsourcing world record explosion by some line of code in the ethereum blockchain show to the world the power and growth perspective of this technologic rocket.
According to last day stats ( Mass isn't buying The DAO as before value DAO token rising begin.

Thanks, I appreciate the link. The drop could be because the reward structure for the DAO just dropped the past two days. I think DAO purchases will wane in the next few days but I imagine there should be a ramp up before the crowdsale completes. Of course, if folks can get DAO cheaper on an exchange then that would change the dynamic. Eventually those in the DAO are going to have to liquidate their ETH holdings. I'm not sure how much buy support there will be after the DAO completes. Volume on ETH purchases are also beginning to drop. We'll see.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out