Ethereum ETH - We are going to 2625 see why!
Dear traders,
Here is my view on Ethereum ETH which is in the process of forming a head and shoulders formation. The target is at exactly the old top in April.
At this moment you see the right shoulder is being formed. Keep in mind that H-S patterns can fail but then that is a perfect indicator to go long because the price then goes explosively in the other direction.
Given the charts in Bitcoin that I have posted, this scenario could very well come true.
To help everyone out of the dream. No is not nice and many will not agree but It's great to keep setting higher and higher targets but let's not forget that 14 months ago Ethereum was at exactly 86 usd. Yes indeed 86 usd and I hade them in my wallet. We have now hit 4372 as the top. That is as much as multiplied by 50 or in other words 5000 percent in over a year's time. What can I say more. We want 10000 percent by end of this year? Please share your opinion why you think we are going higher or lower! That is indeed a very interesting discussion!
I will come back also with updates on Ethereum when important things change in the picture.
Dear traders, if you appreciate my analysis it would be very nice if you would follow me for updates and give me a thumbs up. It motivates me to continue with these analyses.
Here is my view on Ethereum ETH which is in the process of forming a head and shoulders formation. The target is at exactly the old top in April.
At this moment you see the right shoulder is being formed. Keep in mind that H-S patterns can fail but then that is a perfect indicator to go long because the price then goes explosively in the other direction.
Given the charts in Bitcoin that I have posted, this scenario could very well come true.
To help everyone out of the dream. No is not nice and many will not agree but It's great to keep setting higher and higher targets but let's not forget that 14 months ago Ethereum was at exactly 86 usd. Yes indeed 86 usd and I hade them in my wallet. We have now hit 4372 as the top. That is as much as multiplied by 50 or in other words 5000 percent in over a year's time. What can I say more. We want 10000 percent by end of this year? Please share your opinion why you think we are going higher or lower! That is indeed a very interesting discussion!
I will come back also with updates on Ethereum when important things change in the picture.
Dear traders, if you appreciate my analysis it would be very nice if you would follow me for updates and give me a thumbs up. It motivates me to continue with these analyses.
Comment:
Hello traders,
I will soon do an update but because of the changed BTC perspective for the short term ETH will also change.
This pattern is still in play because we are still forming the right shoulder. Prices move in waves up and down never in a straigt line.
See here the latest Bitcoin view which has a big impact on Ethereum as well!
I will soon do an update but because of the changed BTC perspective for the short term ETH will also change.
This pattern is still in play because we are still forming the right shoulder. Prices move in waves up and down never in a straigt line.
See here the latest Bitcoin view which has a big impact on Ethereum as well!
Comment:
Guys, please check this last update out:
Comment:
If ETH breakout below trendline and you wish to profit from it than need the stop at 3900. Also do not risk never more than 1% while i risk often not more
than 0.3 to max 0.5 % The close your stop to the entry the better RR.
Just my point of view no trading advice!
than 0.3 to max 0.5 % The close your stop to the entry the better RR.
Just my point of view no trading advice!
Comment:
Guys, here an update. As I wrote before in the update. My stop is at 3900. I risk never more than 1% of my funds preferable 0.3 - 0.5 %
Comment:
Hello dear traders,
Here an update for Ethereum:
Take care and trade safe!
Here an update for Ethereum:
Take care and trade safe!
Comment:
Traders, lower then the intraday low of today I really don't see that anymore. This huge sell can only happen by intervention of big capital who manipulate it with only one intention. To let your trades getting stopped out and then price goes like a moonrocket to the other side. If you are not sitting behind the computer as a daytrader you can not cath these spikes so easy.
Now you need to follow Bitcoin dominance. BTC dominace is already rising and that is not a good sing for the ALTS.
Let us watch how the day candle close. I will make a new analyse soon!
Take care traders and use your money
management and stops!
Now you need to follow Bitcoin dominance. BTC dominace is already rising and that is not a good sing for the ALTS.
Let us watch how the day candle close. I will make a new analyse soon!
Take care traders and use your money
management and stops!
Trade closed: target reached:
Hello dear traders,
As you see, my target was hit. Head and shoulders give always a mimimum target but more is possible when momentum is very strong, stops are hit and traders liquidated. Trading with a leverage of x5 or x10 and the accouns are blown out completely.
Do I expect lower targets? Yes I do but not right now. IT is however perfectly possbile that we will re-test that low but i think we will first see a counter move.
All traders who wanted to sell are out, all traders where stops where hit are also out and if price now goes up, many don't want to miss the boat and jump in again.
Then after some rebound the market is going down again and so on.
The cycle top for Ethereum is set for some time that is sure. I do expect however for Bitcoin a real bottom after a bottemingout in several months. I think that the real bottom is in at the end of this year untill mid next year and then it is going to grow again with possible much higher targets.
Wish you all good trading en hopefully also good profits but use stops and money management because it is really a must!
As you see, my target was hit. Head and shoulders give always a mimimum target but more is possible when momentum is very strong, stops are hit and traders liquidated. Trading with a leverage of x5 or x10 and the accouns are blown out completely.
Do I expect lower targets? Yes I do but not right now. IT is however perfectly possbile that we will re-test that low but i think we will first see a counter move.
All traders who wanted to sell are out, all traders where stops where hit are also out and if price now goes up, many don't want to miss the boat and jump in again.
Then after some rebound the market is going down again and so on.
The cycle top for Ethereum is set for some time that is sure. I do expect however for Bitcoin a real bottom after a bottemingout in several months. I think that the real bottom is in at the end of this year untill mid next year and then it is going to grow again with possible much higher targets.
Wish you all good trading en hopefully also good profits but use stops and money management because it is really a must!
Ethereum is at this moment skydiving, we are 9.48 % down right now. Let us not forget that fear and greed make this kind of moves and of course leverage.
If you use 5 times leverage and you are still in a coin diving 10% you balance is 50% loss. So Spot trading is not so spectacular but it is much safer! Plus you can keep coins if you like them. Again for me I would only do it with Bitcoin but that is just personal.