IvanLabrie

ETHXBT: Update

KRAKEN:ETHXBT   ETHXBT
Updating my previous ETHXBT             chart, we seem to be retracing the recent decline.
Now, this could be an uptrend continuation setup, or simply a detour before more downside.

Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do).
Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart.
For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher.

Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with).

Cheers,
Ivan Labrie.
Comment: Dangerously approaching the speed line again. We broke below support, not too bullish currently. I'd be careful if long.
Comment:
snapshot


Price formed a W bottom in the ETHXBT chart, ETHEUR remains net bullish, and with big upside left.
Trade active: We're long ETHXBT.
Comment: Excellent progress, hold longs.
Comment: Testing the speed line again.
The new lows and the sharp down day might be a bear trap, people must be thinking this is a head and shoulders top (I think it's not)
Comment: The bitcoin rally has excited the bears in this pair, probably the H&S top crowd.
Yet, the strong buying zone we observed on March 18th is holding.
Let's see how it evolves from here. It might give a good long entry again soon.
It appears to be consolidating still, so keep risk small.
I got your short view before ,,, Now I am expecting your opinion about eth ? how will eth go next step, ,,long or short?
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seems every body are waiting for the result of eth way next
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IvanLabrie PRO eastwind_ja
Hi, results of?

I'm not much in tune with the fundamentals.
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