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WyckoffMode
Feb 16, 2017 9:11 AM

Be Cautious With ETHUSD @ This Particular... Short

Ethereum / Tether USDPoloniex

Description

... time if you are looking for when to make entry. I would wait to see if we go down to $12.13. If we do, wait and see if it goes lower. I circled previous history as an example.

Those who are still in, I would consider selling "some" to take "some" profits. It's possible we continue up into the aqua blue color scribble I did as an example. Maybe not...

Comment

I would say ETH is a buy now.

Look for a good entry. it's definitely looking healthy in my opinion.

Comment

ETHUSD still looking good. $15 USD still very much in play. I don't see us really making a move towards $15 USD until end of February/beginning of March.

Comment

Yes, it's still possible we fall to $12.13 before legging up to $15 USD. However, the lack of whales dumping already at our current level has me believing $15 USD is in ETH's very near future. They may have $20 USD in their sights for the dump month of June. January and June are popular dump months within BTC.

Comments
cardan6006
I was right it down
WyckoffMode
@cardan6006, The price is pretty much "exactly" the same as when I first published this "idea." We've had a little dip yesterday but it's back up to pretty much exactly where it was when I first published this idea. It's been sideways. Not down...
WyckoffMode
@cardan6006, Which see:
WyckoffMode
@cardan6006, Actually, the price was $12.59 when I first posted this idea. It is now, $12.67. Which means, it's "up."
cardan6006
maybe down...
WyckoffMode
@cardan6006, This honestly looks more "up" than down. I know it's hard to believe considering where we originated from on this bull trend we've been on since the beginning of January, 2017. However, the $15.00 mark is solidly within the crosshairs of the bulls scope at the moment.

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