Madrid
Short

Still Inside a Consolidating Triangle, but look at Bitcoin.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum             has behaved like a Bitcoin             lager, it has been following the Bitcoin             lead. It is still inside a consolidating triangle, but so Bitcoin             was, it was not trending like crazy when Bitcoin             was already in a frenzy uptrend. My forecast here is that this may as well break down the consolidating triangle, just like Bitcoin             and the Ethereum             market is going to start capitulating. Usually all elements inside a group tend to walk in tandem, some early some late. Ethereum             has behaved like this related to Bitcoin             . The Bitcoin             market was looking for a support, but now the behavior is capitulation. Instead of a floor, the market is looking for an exit. There's no reason to start a position in Ethereum             unless it confirms an uptrend is forming. It has lost 50% of its "value" and the volatility is wild. So far the indicators are pointing South.
Crytpo Currency is the future, absolutely, the Blockchain technology, just like internet is here to stay, but the natural greed of the market turned it into a speculative asset. Where in the "Crypto Currency" name says "Crypto Asset" ? This is currency and it is meant to be used as such. Currencies are tokens used to facilitate transactions, Ethereum             is smarter than Bitcoin             , since it facilitates smart contracts, but this is not gold             , it is not an asset, it is not a share, it is currency. Think of it as an electronic bill, just that, and use it like a bill. In the long run this will behave like Forex, just let it settle, find its real support and let it kick in the market the way it was meant to be, currency. Invest wisely, invest in areas you know well and feel comfortable with, look for the indicators, follow the signals and never question the tape.

Consolidating triangle, levels to watch: 1,104, 771, 920.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out