This is linked to my original idea but did not act.
So this is my plan of action.
I am still currently in a short trade, Spot long.
What changed my bias was the daily close above the 21 EMA, bounce off the top ranged of my long term support from my previous Idea(around 0.016 ish)
My main concern is no volume but I feel like everyone thinks alt season is dead...
ETH with a bullish crab pattern which probably won't complete as panic buyers might kick in with a bullish divergence forming! we need some buy volume before anything and even if we don't get that we should wait for the mighty crab.
for more signals join my free telegram channel :
ETH n'a pas fais de nouveau bottom par rapport à BTC pendant le crack de cette année , vas t il le faire? ou ETH va casser
son canal descendant par le haut pour continuer ce début de d'ascending wedge et nous mener vers les fibo 23 et 38?
Noter que Stock RSI en survente
As many have already noticed, Ethereum has been rapidly loosing ground to Bitcoin. It's likely Ethereum suffered an over-inflation and is returning to more stable ground.
I expect we will see an ETH/BTC ratio of 0.050 in the near future.
With the overall downward trend of the crypto market, Ethereum has not been fairing well and has been descending much more...
hope everyone had a fabulous profits on trading alts against eth, thats is one reason which is driving down ETH price, the price from the alts are in profit taking process , hence the price of eth is going down. moreover the chart above is so clear even a nowise can analyse that ETH is to shorted right now.
For anyone interested in Ichimoku setups, here you go...
With a thick cloud acting as strong resistance, price will have to break through to become bullish on the daily according to Ichimoku rules. Traders could look for a short at the bounce off the cloud. There are 2 stop options depending on ones risk appetite. If Chichou (yellow circle on left) can break...
We have been discussing cryptocurrencies frequently as of late due to Bitcoin's trend reversal from up to down.
Ethereum is also trading within a falling channel . But this cryptos can rise in the long term.
A brief investigation of the change rates between cryptocurrencies can easily show the potential earnings that can be achieved by applying a forex strategy.
The variation in the ETH/BTC change rate are significant and are caused by a phase shift in the patterns of BTC and ETH. Since the variation of ETH/BTC are strong, it might be a good strategy to switch...
New year New king? Could Ethereum take market cap dominance over BTC by the end of this year? The trend has been proggresively upwards for ETH/BTC and shows no signs of stopping. Could Eth (which is a superior platform imho) reign as king of crypto by the end of this newly begun year in cyber money? I think it could be very possible, with all the new eyes and more...