khun

"ATH" Postponed?

KRAKEN:ETHXBT   ETHXBT
Since the price was not able to breakup above 3300, a new downtrend, which proposes to buy back somewhere between 2678 and 2768, is in play on the 4h. Therefore, shorting it here or (even better) upon another failed breakup seems the most reasonable option for now. Back to bullmode only if 3300 gives in...
Comment: Updated 4h # shorttermish targets added
Comment: Updated 4h added (Bert drama continues /ETH taking another shot?)
Comment: Updated 4h added (Target hit, BUT...)
Comment: 1h chart added (down momentum over?)
Comment: Updated 1h added (target hit /short again)
Comment: Updated 4h added (Possible long opp)
Closed short here... Re-openin 3250-3275 area or upon breakdown of 3060.

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khun khun
3180 (below the fib level) also looks like a reasonable re-short target.
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Since bert drama seems to continue, ETH is prolly taking another shot at breaking up. 3270-3280 is to watch...

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Updated 4h added (Bert drama continues /ETH taking another shot?)
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Although, it pretty much hit the lower end of the anticipated target area, it came a bit topo early. Especially the fact, that it broke down the bear channel is a bit worrying and makes me anticipate even lower values. As low as 2550.

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Doom
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khun VerthagOG
Yeah... Pretty much so...
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khun VerthagOG
Prolly connected to some FUD about an alleged hack being trolled on Reddit.
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Time to eat the Dead .
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khun VerthagOG
In case it really gets down to 2550, I am all-in again in any case...
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khun VerthagOG
This is clearly over-reaction. And, we shall see some proper bounce from down there.
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Let´s see where the current 4h closes... Sub 2770 > short - Above > long.

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Aight. 4h closed bearish... Moo down expected. Prolly to low 2600s.

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Closed short again. It seems like the momentum is over for now... A bounce to 2880-2950 might be incoming (as the 1h proposes). Not willing to long here either so far though. Will decide upon price action...

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sideways then down bruh
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ETH got rejected at major resistances during that nice gdax pump, shorting it here since 2550-2600 area looks like a magnet...

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Well, looks like we are back in the broken bear channel on the 1h. A small long in the 2840 area (lower channel line) is reasonable... Til 4h confirms breakdown.

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