FenixCapital
Long

ETHUSD Turnaround Candle

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The end is nigh my friends, here is my analysis on which direction will be the eruption.
This is primarily a candlestick analysis, with the two following updates being a part of such as well.

1) RSI & CMF are diverging Bullishly on the daily

2) We had record breaking bullish volume last Thursday during the bullish engulfing candle.

3) 3D candlestick also closed bullish engulfing with massive volume

4) WEEKLY HAMMER ON ATH VOLUME!!!
'
Ok, ok, we get it, its bullish af - what do I do about it??

Well, I have drawn in the purple line @ $185 which is the previous weekly bottom of two weeks ago (shown on weekly chart).
Beyond that, there seems not to be any trend lines or bottoms within a reasonable distance that we will hit, so I will stick with $185 as our farthest entry.


Best of luck and trade safe!

Moving Fourth.



(P.S during the dump earlier today longs closed & shorts opened which is great.)
Sep 17
Comment: 3D
Sep 17
Comment: Weekly
Sep 17
Comment: $185 also looks like a great buy on the line chart
ETH long or short now ?
Reply
LOL. This post will age well. Plz dont delete it when ETH falls again
+2 Reply
Kgear117 Viicjo1007
@Viicjo1007, I already told him. 185 is going to break.
Reply
FenixCapital Viicjo1007
@Viicjo1007, aging not bad at all, lol. How’s your trade making out ?
Reply
I see 150, 135, and 110 as possibly entry....
+1 Reply
VBeachian Kgear117
@Kgear117, think it’ll get that low?
+1 Reply
Kgear117 VBeachian
@VBeachian, To be truthfully honest, I would be shocked to see anything under 150. I'd gladly welcome it though....

What are you thinking? You think this is it right here? Or, is this short term prediction?
Reply
Kgear117 VBeachian
@VBeachian, This is what I'm looking at currently as a possible guidline. Ethereum has crashed similarly a few times if you go back on smaller TF's. For instance, this is a 4hr view of June 13th - Aug of 2017.




Now go check out our current Daily view. They're actually very similar. I also acknowledge I could be completely wrong here, but I still always try to look for some kind of advantage....Let me know your thoughts man!
Reply
@Kgear117, Due to the overwhelming bullishness on these last candles as I mentioned I us bottoming very soon and I don't think it would have time to drop any farther than 185. Should we start moving up past $230 it will also keep going in a medium turn bull run making it even less likely to see your prices.
Reply
Kgear117 FenixCapital
@FenixCapital, I agree we're not far off. I don't know that I agree 185 is the bottom though.
Reply
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