The usual baddies are saying ETH is doomed and we should avoid it. Authors here, news, etc. The usual.
Count is complete and I think it bounces hard soon. Like +100%
And even if it does not, it will be a hedge against my short on BTC. If we go up, ETH will lead the charge, so it is probably going to be more interesting to long ETH rather than BTC.
I remember missing out on ETH back in April...
So what happened, why did I bounce that high?
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Well getting ready for quick dead cat bounce...hopefully
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Maybe I should have waited for divergence on lower timeframes before entering, as I do with FX Gold Metals & Soybean futures. Too lazy to do my research...
Got to check Crypto AND NatGas AND Oil AND etc... I don't even know if it's worth the time
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Buying more here.
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WHO COULD HAVE PREDICTED A MIRACLE LIKE THIS WOULD HAPPEN AND ETH WOULD EXPLODE UP? NO ONE! NO ONE! It is a miracle! unbelivable!
There was NO way of knowing this would happen, NO WAY I do not care who you are it is a MIRACLE!
It only happened 100000000000000000000000000 times before since AD 1400, probably since prehistoric times with rocks and stuff. Freaking monkeys. I understand why journalists "disappear" in certain countries...
I was soooo busy with Forex lately I did not pay much attention to ETH, I wish I had bought a little more when it went down hardcoar.
Damn, already up almost 25%, I should take profit soon, aiming for a juicy 40% "miracle" thought.
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I got a 27" screen and why I try using plenty of indicators I do not see anything anymore it gets uncomfortable.
Maybe ETH enthusiastic buyers can offer me a 35 inch screen for my computer, the circular ones rather than flat because it gets a little big, and maybe a bigger desk too so I am not too close to it. So there will be plenty of space for more charts and more indicators so I can rekt them harder next time :)
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1 last thing. I got this count for the ICO ponzi platform:
A gain of 90% is totally possible (from bottom, for anyone that started scaling since 200$ it is still well over 50%).
It could go higher but that is not my problem I'm gtfo is it gets back to the 300 area.
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I am making some of my research in FX writting stuff in excel files, and for the first time since I started this analysis 6 months ago I entered my FIRST line about crypto. "ETHUSD" line.
Only looking at D1 H4 & 1HR charts for now.
Maybe I crack crypto and start seeing trades all over the place?
And at least I should get better at calling tops & bottoms, rather than something vague...
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It is too early to really have a count I think, but this is possible:
I think ETH drops soon, let's see where to?
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This is how much potential I think this has...
If 4HR RSI gets above 66.66 (illuminati) then it confirms bullishness (it is 2/3 this is why, not for the devil 666 lol)
Maybe I should post an ETH idea "we are here", I wonder if that gets very popular. Would look like heavy trolling but seriously, we can really get a massive alt bull run before violently going to anxiety denial etc.
We can thank the ICO scammers for exit scamming (dumping their ETH) giving us some cheap ETH (150-200$ probably won't be cheap in 6 months thought, keep that in mind).
(I might spend a little too much time looking at news)
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0.236 could be it. Hmmm Just probably going to be a bigger retrace on wave 4 if that's it.
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Not convinced. Fibo levels moved.
I sure don't mind if it wants to pump again and go to 250, 300 soon. Why not. meanwhile Bitcoin not going up that much, it is struggling, I think we can say #7500NeverAgain.
As I expected, ETH was so much more bullish than BTC and went up way more than BTC and dropped less.
Went up 5 to 6 times more and dropped not even 1.5 times as much as BTC.
Impossible to lose. I hope we keep going up, but even if we crash I suscpect ETH will not drop "that much" compared to BTC and anyone shorting BTC and longing ETH (with the correct size) like I am will make much more on their BTC short than they lose on the ETH long - if that happens.
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Bitcoin price is the most boring it has ever been, I do not like this I reduced my position by half on ETH. It might break bullish, maybe... Keep eyes open on the high & low of the inside candle.
I can't find a time where the volatility was this inexistant.
Zzzz looks like the great baghodler period of 2014
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Here is the natural pump
BTC resistance @ 6666, then next one 7400$ unless there is a trendline I did not see, I do not even want to bother checking.
It probably does not go far right now.
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It is over for me. I am free!
Just look at the screenshots, this is what trading crypto used to be. Simple, fast, profitable. Now all that remains is the simple part.
And then, this has to be a good one right?
This is what it has become:
To put this into perspective:
BagH0DLers....
No one is interested in buying anymore. We dried up all the buyers and miners and ICO scammers are still selling.
Good job calling the (1) top and (2) retracement. Making some money here $$!
LauriElias
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Why so bullish all of the sudden?
MrRenev
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@LauriElias, I am not sure I understand the question XD
When I posted this the trend was bearish - very much, and what is recommended (especially for beginners) is going with the trend, but personally I like to predict the future and I believe I am quite good at it.
I would probably not recommend that to most people, but I think doing something few others do, taking more risks, going the hard road, can grant you some nice rewards.
I just like it that way ^^
MrRenev
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@MrRenev, I would not recommend doing what I do unless the person is really good and knows what they are doing, quickest way to lose all your money...
Badricio
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Same divergence happening in BTC, stronger signal meaning they both could go up and ETH stronger ?
MrRenev
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@Badricio, Yeah. In a post I showed the last times BTC had this.
Everytime it bounced significantly, hopefully htis time it does the same.
Basically I looked at every dump (there has been 1 a month I think)
In this one I think: