IvanLabrie
Long

Ethereum: Strong emerging uptrend/bubble

KRAKEN:ETHEUR   ETHEUR
I wouldn't know about the fundamentals, but what I do know is that the Ethereum market is trading with very high volume , and that the ETHBTC chart looks really bullish .
Sadly I can't publish my chart here, since Tradingview doesn't include Poloniex in the list of Bitcoin exchanges it offers.
After they introduced margin trading and lending, they became hugely popular, and ethereum trading is concentrated there.
In the ETHEUR             chart we can observe similar price behavior to ETHBTC, but we have yet to see a new mode higher.
The mode has been the accumulation zone near the lowest low, which is typical for these instruments, high volume and time spent at price in a small range. 'Smart money' buying in.
I invested on this altcoin, I'll be monitoring it closely to decide when to sell. For now, I'm lending while holding my coins and building a larger position.
My levels and targets for ETHBTC are as follows:
-Bearish below 0.00564299
-Building a new mode at 0.00689976
-If we see further accumulation and a range expansion bar out of this zone, we can aim for 0.012 BTC per coin, roughly.
My expectations are of an even bigger rally, but this is what I can obtain from the chart as is.
Good luck!
Ivan.
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). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
You could chart ETHXBT (Kraken) though. Would make it a little easier to compare your levels/targets with the chart action.
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IvanLabrie PRO Nathan_the_Wise
2 years ago
It's a little less liquid, the real action and clear human psychology is in Poloniex.

I'll link my cryptrader chart here: https://cryptrader.com/c/AMFsO27M
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IvanLabrie PRO
2 years ago
Moving along as planned...considering I expect the euro to lose value vs usd and reach parity or lower very fast, as of next week...buying ETH as a hedge is a great plan.
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