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Ethereumshort

Ethereum (ETH) Looks bullish. Possible 228 target.My last two trades closed for 13% profit and -3% loss. You may view them in the related ideas section. Ethereum has pumped up along with Bitcoin after touching support twice. Right now we are testing 225 resistance on Ethereum, but if we break through, it is very possible to hit 228 or rally even higher. Therefore, we may long Ethereum now at the price of 224. Buy: 224 USD 220 USD Stop Loss: 214.5 USD Take Profit: 228 USD 235 USD Ethereum may fail to break resistance and return to the 220 area. If that happens, exit your position if a bear fractal has been broken. If that happens, you may short as we will likely be heading lower. There is also a very good short opportunity here if you wish to take it. Simply short now on an alternate account and have a stop above the bull fractal. If it fails, you lose 0.42% at most. I am still standing by my 6900 target for Bitcoin.
BITFINEX:ETHUSDLong
by HD1184K
Ethereum continues to show weakness!Ethereum bounced from the demand zone twice forming a tweezer bottom BUT was unable to close above the EMAs, which does not bode well for bulls. The support level near the channel bottom and FIB seems to be holding so far but signs of resistance are creeping in. MACD signal line is trying to crossover bullish and histo has just now turned gree, however, RSI broke down from support and has rejected resistance twice and seems to be heading back down to lower support. The next few hours will show us where Bitcoin wants to go, which will dictate the rest of the market's movement. Thanks guys
BITFINEX:ETHUSDShort
by CM_Trades
(ETH) Ether Wants to push up higher. 230+ target. Short/Long. Last trade I have set up a long/short trade that made me 3% despite the 1% loss when my long position flipped short. Ethereum has hit my exact short target. Ethereum has been struggling against the 212.80 resistance for a while. Right now we have an inverse head and shoulders pattern on the smaller timeframe so it is a good place to long. Have a stop below the low of the bear fractal. I have posted this as Ethereum has broke the bull fractal so we can long after a retracement. This is the inverse head and shoulders pattern that broke the bull fractal. Long 212 (most bullish scenario) Take profit: 219 for 5% profit Stop Loss: 205 manual 202.5 auto Alternatively, if Etherum breaks 206 for good (not a wick) you may short with a target at 193. Short: 206 USD Take profit: Sub 200 USD Stop Loss: Above high of bull fractal. Thanks for viewing! I am hoping Bitcoin can hold and hit my original 6900 target. So far we are hovering on yet another Bitfinex buy wall.
BITFINEX:ETHUSDLong
by HD1184K
Ethereum (ETH) High chance of testing 215 if conditions are met.This idea is a little bit different, and will be looking at the smaller timeframes. So far Ethereum seems to be weakening and failed to push higher. I can see it drop around 3%, which would make it a good scalp. Currently waiting for confirmation. On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal. Short: 221 USD Take Profit: 215 USD Stop loss: If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224. Thanks for viewing! I appreciate all the comments and reply instantly.
BITMEX:ETHUSD.PShort
by HD1184K
1
ETH will hit 130$ sooner or later!The bearis h market still goes on and it does not seem really good for ETH as it looks like it will have a much worse correction than BTC. If you hold ETH so then it is now a great chance to sell/short it. It also shows some signs of recovering but still looks like a bull trap. Volume is still decreasing and whales are waiting for the moment to short. When everyone is exhausted from this market they will hit it at the worst time when no one expects it. Be ready for it! We can clearly say that there is no end to the bear market yet. It will go on for sure. It may recover at the end of September or beginning of October . Everyone is still having vacation and will not use it for cryptocurrency as it is still hard to pay for food/vacation/cars and so on and the price still changes so a lot of people are scared of it. Sell/Short: 1. 342 Goal: 1. 132
COINBASE:ETHUSDShort
by exclusive_signals
Clear ethereum bull trap.Hello guys, been a while since I posted a chart or an idea. But I think Ethereum is setting up to be in a beautiful, beautiful, beautiful short position right now. I spotted many indicator divergences on the Daily about 3/4 days ago but decided to wait to I actually got more confirmation. Here it is today. Right now what I've done is mapped this out to Wyckoff Distribution. Wyckoff was an extremely successful trader who came up with the general principle, as outlined in this "day trader's bible" as 1) Accumulation 2) Markup 3) Distribution 4) Mark down 5) repeat 1-4 over and over I have reason to believe that we are undergoing Wyckoff distribution. Volume profiles matchup with the points of significance. Purely on Wyckoff I am happy with the 1) PSY - Preliminary support, lots of climactic volume 2) BC - Buying climax, Very high buying volume 3) ST - Second Test, low volume second test up ------- PHASE A -----------, sign of trend reversal 1) SOW - sign of weakness, high volume selloff 2) UT - Weak upthrust 3) Retest of the low in SOW 4) Small markup, with generally low volume -----------PHASE B -------------, CAUSE 1) Where demand is being tested by market manipulators (Wyckoff called this the Composite Man) Where we are right now. Key features are the low low low volume markup of prices, clear as day here. ------------PHASE C ---------------- Soon PHASE D will start - where markdown beings, but with weak attempts up to LPSY - last point of supply after which PHASE E starts where high volume sell off begins and prices are markeddown. I'll add more reasons as to why I think ETHEREUM is a great short right now. I accidentally left the indicators in on the analysis. if you could minimise that when looking at the chart that would be greatly appreciated. Because I have a better Indicator chart waiting
Short
by EnZo
13
Don't swing trade ETH like a NOOB.This post will detail how I initially set up my SWING trade strategies for a medium term play and what levels I look at for flipping ETH. First, lets notate what's going on in the charts: Day Chart. 1. MACD crossed up, but is starting to fade and has not gone into positive territory 2. RSI is in the middle. 4 Hour chart: 1. MACD crossing down 2. RSI showing divergence. 3. Trend line resistance. I Adjusted the trend line and we are hitting, I did have this higher, but there is significant resistance at this 500-550 area so it's not a surprise we are moving down. Buying Scenario if we move down: I have about a 25% profit on my portfolio this year, while crypto's have moved down more than 50% for the year. We are doing well to say the least and we made out nicely on our last Swing trade, and I want to set up another overall plan going forward and this is what I am looking at. It's hard to say in this vicious bear market if we are out of it yet or whether we get another substantial move up from our first support zone of the 430-450 area. If the market is reversing, it will either happen there or at or buy zone #2 within this channel and double bottom. Once my first orders get filled I will be trailing my stops up as the market moves to lock in profit. We'll watch it close at that time to determine whether we should load up more or let our Martingale Strategies take hold if it moves down. If you don't know what the martingale strategy is, make sure you read up on it! I will stagger my buys something like this: Buy zone 1: 10% Buy zone 2: 10% Buy Zone 3: 20% Buy zone 4: 30% Buy Zone 5: 30% My first buy I am looking to get in at this 430-450 area depending on what it does. Remember, having an over arching plan in place before we start trading allows us flexibility. Before bitcoin dropped all the way down to $6,400, we were able to flip it twice. More importantly this strategy gives us OPTIONS. We are able to pivot and adjust as the market does, go in heavier if need be, etc.. If the market starts dropping like a rock, we have a solid plan in place to play it. Just as we did last time. Going in from 600 down to this 375 level and out with profit. Buying Scenario if we move up. We need to test these resistance zones at 575 or the 600-625 in order for us to be buyers on pull backs. Once those levels are hit, I would be looking to buy in this 500-525 zone for a continuation move. Until we move either up or down from here, we are in a no trade zone. Happy Trading. Don't stress, don't use leverage and pick your points! -Sherem
BITSTAMP:ETHUSD
by Sherem
8
Trade ETH like a boss, from the guy who called the H&S 1st.Chart update. Position: Very Bearish with a chance of bounces Technicals. Day and Weekly Chart. 1. RSI is in negative territory 2. MACD looking vicious to the downside. 3. Breaking lows. It's clear we are in a bear market. No question at this point. We want to look for signs of a reversal, but there are none and we will continue looking. With all of that down pressure, What's a trader to do? Profit, of course! There are a lot of ways you can do it, the methodology I will be going over in this post is the Martingale Strategy and how to play the bounces as we move up. The reason I like this is because I am not perfect and I can't watch the markets 24/7. Everyone has things they need to do during the day and you also need sleep. The martingale technique involves looking at what you think the highest probability move is for a bounce and then entering in accordingly and playing the bounces. more importantly if you are wrong, you have points in place and plenty of room to be wrong. You have options, which is important. Lets see what BTC -4.29% is telling us here. We know we are moving down. But how far down can we go? At this it's hitting it's double bottom at this 600 area. It would seem that a bounce is in the cards, but it's hard to say. what if it blows through that support point, and completes the ABCD pattern I have outlined, what do you do? For me, I implement a martingale strategy and I would do something like this: ETH BUY @ 600 area: 10% of portfolio -This trade is active ETH BUY @ 500 area: 20% of portfolio ETH BUY @ 400 area: 40% of portfolio Where's the other 30% you ask? Well, what if it blows through this 400 area and shoves to 250-300 area? This is a low possibility (IMO) and while a bounce would be very warranted before a push to the 300 area, personally, I like having a backup plan and options. If ETH looks like its going to bottom at 400 I can always enter in or sit on the sidelines. The key is having options. There is a lot of ways you can weight your martingale positions depending on where you think the bounces will happen. Right now I have an entry in at $620. Do I care that I am losing like I normally would be if I went all in? Hardly. In fact, I want it to go down to fill my large orders. If all my orders get filled down to 420, i will have an average buy price of 472 to play the upside, and some reserves. If it moves to the upside, great! i get to profit there before it resumes down. Right now i am targetting this 680 area for a bounce Lot of ways you can play it, I outlined some of the possibilities I am looking at. Key is to not stress about your trades. Make sure you read up on martingale strategies. You might not make as much using the martingale, but you will lose less if done correctly. Part of trading is controlling your emotions and this strategy allows you to do that. ESPECIALLY in bear markets! Happy Trading, -Sherem calling the top - Calling the H&S -
BITSTAMP:ETHUSDShort
by Sherem
9
From my identified H&S, the break. We are going down more!! ETHThe thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point. Technically here are some major bearish indicators on the daily chart: 1. RSI is negative and no signs of divergence or bottoming 2. Overall down trend. 3. MACD has been turned down and staying negative On the smaller time frames, things are starting to fall in line which means we will get a further push to the down side. As i am writing this, ETH is breaking this short term trend line, which would indicate a fall to at least 660 area. At this point, I will be playing any bounces as they move down. I would look for a minor bounce at these recent lows at 660 and serious support at the 600-620 area. I will not be putting buys in at 660 as I feel the bounce off of there will be minimal. I will be looking to put buys in just above 610 and in the 600-620 area. I have outlined what I think is the highest probability move at this point. As always, MAKE SURE YOU MARTINGALE your buys. If this thing starts running you want to be able to have options to buy in lower. Read up on the strategy if you have not already. We already made some scalps while this thing has been moving down. Don't stress, don't use leverage and pick your points!! -Sherem
BITSTAMP:ETHUSDShort
by Sherem
1
ETHUSD bears in charge: Short tf (4hr) analysisFor those interested in my earlier post concerning EthereumUSD in a bear channel and projections, the post can be found here: The chart above shows an Elliott wave analysis for EthereumUSD. Price close of $672.10 on the 4hr tf has been identified as a possible Minute wave ((i)) position. It is possible that minute wave ((ii)) is not yet complete which is why I have put a question mark next to it. The implication of the above is that once minute wave ((ii)) is complete, ETHUSD should resume selling off. Target for the sell off could be a projection of minute wave ((iii)) = 161.8% minute wave ((i)). However I have not calculated this because it is possible that minute wave ((ii)) is not yet complete. POI = Point of invalidation at which the analysis requires revision
BITFINEX:ETHUSDShort
by Coin_Analyst