This is a thought I've had for a while and well it seems likely enough that it is worth publishing. An inverted head and shoulders is also confirmed by the volume profile as being a viable formation. This chart is intended to depict the GENERAL direction only, NOT for specific price targets.
Heavy Shorting ETH/BTC at 0.043 - 0.045 levels Invalidation area 0.049-0.051 candle close
Eh. Lets see how it goes! Opinions? What other charts have you seen that match up with this one? What other charts do you see as likely to happen? Comment below.
With BTC at the edge of a cliff combined with Bitfinex withdrawals halted and scaling stagnation, the world computer is ready for a new ATH. Go long and enjoy the flight with Ethereum Airlines
Updated chart, will await the triangle break to take a position.
Small short at this point, will add if we follow the path and hit the descending trend line.
We're still going to the moon, and the process will likely happen next week. I must admit that my last chart was inaccurate with the prediction, so I have made a new one. Please tell me what you think in the comments below. This one is looking very interesting so stay tuned. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of...
Ideas only - not trading this yet, if we see a close under structure I will short to TP1 and TP2. TA done for ETHBTC as that is driving price action.
Bitcoin may fall in the short term - Monero looks like it's getting a running start in anticipation. Watch ETH as well - it looks like it's trying to break upwards out of the channel, I'm waiting for some real volume before confirmation though.
If you look at my last idea, you can see where this idea originates. I think it will break the current resistance at ~45 and continue up to the ~$48-50 resistance mark. I will be selling shares around then because I feel it may go back down to what would be the ~$45 support (or even lower) to finish off the head and shoulders pattern. What do you think?
A DEATH CYPHER (Bearish Gartley) formation has appeared. There is nothing Bitcoin can do about it, and it's going to it down to hell. But don't panic, if you're invested in Alt-coins, like Ethereum, Litecoin, Ripple, BitShares and Stellar, there is nothing to worry about. If you are not, good luck. You may need it. This baby is going to hell faster than you can...
Short Setup - Upwards Correction then Strong Sell Eth/Btc Target 0.026 Invalidation candle close @ 0.050
What? do you think this whole Blockchain idea is going to be forever "decentralised"? Well, think twice. Introducing Ripple, a bankers idea to compete with Bitcoin . I see it as a very good competitor but it definitely has to prove itself. I will write more about it in another update. For now, enjoy the ride. It's going higher than 12000 I think, but at least...