IvanLabrie
Short

Ethereum: how altcoin bull markets usually die...

KRAKEN:ETHXBT   ETHXBT
3 months ago
Ethereum looks really bad, and without any fundamental catalyst, the best trade here is "no trade".
I think it's due for a long term decline, based on the 3-week timeframe signals, we could see some buying when we hit the 0.0075 mark, give or take.

It appears as if it's simply drifting down, on low activity, due to lack of any developments, and investors giving up, and simply accepting any fill to get out of this market. Fills are rare, as you can see in the volume graph, so, it creates this slow drift to the downside, with smaller and smaller bar ranges.
I hope no one is long this here, and if you do, I'd assume you're insider cause, as of today, there's no reason to buy it.

Good luck,

Ivan Labrie.
3 months ago
Comment: Update: There was a hard fork, deemed succesful, we could see a turn here.
You can buy a small position, risking a new daily low perhaps. But keep risk small.
3 months ago
Comment:
snapshot
3 months ago
Comment:
snapshot


If price doesn't come and close back above the key level here, the downtrend will resume.
3 months ago
Comment: Looks dangerous for longs, better to stand aside, or short possibly. If we break into new lows, it's probably continuing lower.

snapshot
2 months ago
Comment: We hit the bearish target and bottomed here!!!
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
RJHumphries PRO
3 months ago
What in the world is Etherium??!!
Reply
IvanLabrie PRO RJHumphries
3 months ago
@RJHumphries, an alternative coin to Bitcoin :p
Reply
RJHumphries PRO IvanLabrie
3 months ago
@IvanLabrie, you ever heard of carbon coins? A friend of mine is trying to set it up...
Reply
IvanLabrie PRO RJHumphries
3 months ago
@RJHumphries, no idea, no. Most altcoins are like penny stocks, they go up briefly, then fade into oblivion. Most likely not worth your time.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out