I've been very Bullish on ETH since Bitcoin was trading around $600 7 weeks back. Called 2k eoy seems that hit sooner than I thought. ETH on the other hand was trading $8-$12 range now $139 ATH. I called this going to $300 Eoy might eat my words but I'm quite ok with that. :) I'm using 4hr chart with Keltner Channels as I use this strategy trading stocks and has given nothing but amazing results.
BTC every ATH break you'll notice ETH will pull back lightly then rip $10-$30 which happened again. LTC gets weaker the higher BTC moves. Still learning the pattern there.
ETH I see $150 happening overnight. But short term next 10 days $160-$170. Around $150 I want to take profits an ride the rest to $300. What gets me is it'll become aggressive and head to 1K by next May 2018.
So to hold all or add pullbacks is not out the question.
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Continues to climb higher. Riding the upper Kelt Channel
This one has surprised me in its speed and pace. I'm a HODLer, and might not sell til it hits $1000. If then.
Pullback possible - but the steady volume of news at Consensus will likely drive the big, enterprise players much higher.
simonklasz
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You don't think there will be a major pull back before heading up towards 150-160 in the next few days ?
TheTradingNinja
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@simonklasz, to be honest I think the momentum is just getting started. Ive been watching this volume bars and the wicks created. they are buying but in some sense adding this dips. maybe $200 is there mark.
simonklasz
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@TheTradingNinja, yeah volume is mad right now . The pump has to end somewhere , I predict 150 tonight for sure
TheTradingNinja
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@simonklasz, your right about it ending $150 breaks +5-10 should see $170 tonight
simonklasz
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@TheTradingNinja, The tough question is when do you actually sell and take profits and keep the rest for the ride to 300 . What are your thoughts if it hits 170 tonight will you be selling ?
TheTradingNinja
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@simonklasz, to be honest depending on how strong it gets after $150 ill probably ride to $170-$200 and start chipping
I'm thinking of cutting half and dip buy until I can ride with 100% of position again .this $140 level is interesting.
simonklasz
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@TheTradingNinja, per your chart using the channels , if it passes 150 what's the next est target on the graph ? $170 and then a possible pull back to 150? Or do you think the pullback will be even greater ?
simonklasz
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@TheTradingNinja, can you please explain what you mean by "chipping "
Pullback possible - but the steady volume of news at Consensus will likely drive the big, enterprise players much higher.