BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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A big WELL DONE to everyone who followed my BTC analysis. We hit the EXACT bottom to the exact candle and have been in the money since. good job!

I called the BTC bottom perfectly which is great news. Now we can start monetizing on the large volume Altcoins! First on the list, Ethereum!

Today ETH has broken out of the side-wards resistance line that held price down for so long. This is great news for ETH holders as it gives a complete new lease of hope after a continuous price depression that showed no signs of stopping. Now that price is broken, where to enter? Well, before ANY entry you want to see a level where the probabilities stack up. A good place for this would be the side-wards resistance line we've just broken turning into a support line. Why is this such a good level for an entry? If we test the level we've just broken this shows a total disregard for the previous bearish movement and shows that something new is happening.

A 12% move in 1 day is not a coincidence. It means something even if only short term. Take action and monetize and stop worrying.

Bear in mind, that the move has ALREADY LAUNCHED. So do wait for a move. Chasing it now is eating like a bird, and pooping like an elephant. Wait for the retest and get in at the side-wards resistance turned side-wards support line before entering the trade.

Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!

I will be going more in depth into this analysis if it receives sufficient attention.
Comment: I'm ALWAYS right :-)

Please leave a LIKE. I'd really appreciate your support.
Looks like you were right. The bottom was in!

Now to build that time machine.
Technical Target is $1000 for January... lets go!
What’s the update? Or was it that you are ALWAYS right the update?

Awesome, as usual.

+1 Reply
will Eth go back to $90 and reach again$120?
When moon sir?
Bottom not yet. We will relief the market for a few months so more people lose money but bottom will be when btc hits it first. Until that don’t get to happy. This was an easier call buying eth at 81$ wasn’t a brainer. Just don’t hold it Long term. :)
gh0sta ChartsOnTime
@ChartsOnTime, Bottom has hit and once we hit January you will see a rapid fire round.. upto $600 run up for proof of stake accumulation
@gh0sta, ok. Good luck.
TomProTrader ChartsOnTime
@ChartsOnTime, OK. You continue to wait whilst we cash in. :-). Missed like 14% move so far. Your method checks out.
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