Potential bullish cycle on the short-term on ETH - Green dots indicate start of bullish cycle, this is short-term, use risk management, high-risk trade. Long term, I believe ETH may still fall short on the Daily/Weekly charts.
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$2800 - $2900 are my targets. If it goes further then that would indicate a further breakout, but this could also be a fakeout.
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A lot of resistance at the $2400 range.
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Major resistance right now, could be a fakeout.
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Still seeing resistance, could be a fakeout - will update shortly, no red dots yet.
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Back to resistance, let's see if we breakthrough.
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Good take profit area, if this does break through around $2700, anything higher is much higher risk, this is following a linear trend downwards.
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So far, so good.
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Resistance again, starting to break through but we shall see.
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Sell pressure still high, might take a bit to breakout of this zone.
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Remember, even if you make 2 - 5% each way, you still can make 20% in a day. Every bit counts, be careful with leverage.
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Breaking through the resistance.
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Trade is going well, 3.28% since entry after short trade.
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Once I see a red dot, that will indicate a potential sell-off, and I will wait for another green dot to re-enter.
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So far so good, trying to break the resistance at 2420, let's see.
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More resistance, lets see what happens.
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Resistance is hard at 2420, keep bouncing back.
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Linear regression is still showing a downtrend, BTW. This is just a short term long, then back to short, unless some anomaly happens.
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Resistance is strong. ETH is edging us hard.
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Probably the people with $100,000,000 shorting 100x on other exchanges. GG
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Some music to relax you while you trade on this highly volatile asset.
www.youtube.com/watch?v=udluB_1W...
www.youtube.com/watch?v=udluB_1W...
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Over-leveraged and underachieved. ;)
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Resistance is real. Possible fake-out. We shall see with time.
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Resistance is real. Might play out well, might not, let us see.
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Broke through critical resistance.
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Hit resistance again. The bounce is real.
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Someone, save me.
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UPDATE lots of green dots, possibly very bullish short-term.
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Still trading under the clouds, if we can get back over the clouds, this will indicate more bullish-ness.
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My entry was @2345.13 USD btw.
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The resistance is real right now. Volatile af
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Single dot on the 45m; Could mean longer bullish trade.
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Like a light in the dark, you won't ever know if you don't take the risk. I short and long ETH, I've lost money and made money, learning from my mistakes, use risk management, don't over-leverage, and most of all, rock on.
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Broke major resistance for short-term long. Good game beras.
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1h candle showing 2 bullish dots.
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More resistance again, pay attention.
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Ether is trying to break through, will we go back into the Ether?
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Keeping a strong eye on this, just got some food and rushed back as I'm a bit concerned it may capitulate (again) as it has been while the whales play their game. Maybe not, if enough of them have been liquidated at this point.
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Interesting note: The Internet Computer $ICP is moving in the same pattern as Ethereum $ICP
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So far, so good, lets see if we can break the $2500 level now.
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Starting to dump, a bit concerning here.
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Warning signs
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Closing my position temporarily while I wait to see if it decides to dump again.
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Entering short position temporarily until bull signal comes back.
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High probability of dump here. Could be small or large, no way of telling, but normally when you start seeing red dots, this indicates the start of a short-term down trend, this could be volatile.
High probability of dump here. Could be small or large, no way of telling, but normally when you start seeing red dots, this indicates the start of a short-term down trend, this could be volatile.
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On a side note, there is a 'dumpling' formation forming, which is extremely bearish.
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With linear regression. High likelihood of this shorting.
With linear regression. High likelihood of this shorting.
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Dump?
Dump?
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3 Minutes till candle ends, this will tell us whether we have gone bera or bulla
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My prediction: dump on next candle, hard.
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Dumping: Interesting correlation between ICP & ETH.
Dumping: Interesting correlation between ICP & ETH.
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Dump confirmed.
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New thread here:
