Failed breakdown of trending support and is re-entering the bullish pattern.
It has become clear in recent times that the Bitcoin and Ethereum prices directly correlate with each other. Whales are constantly pumping one while they dump the other; rinse and repeat. Therefore as Bitcoin is now completing the final shoulder of the IH&S, ETH will pump up to potential new highs.
Possible head and shoulders pattern - Opinions?
Contination of series "Possible Scenarios" for Ethereum 2017 March Bubble. Orange arrows is unlikely to happen imo. However it's hard to predict what happens now while Bitcoin is not stable recent days due fork fud. Let me know your thoughts in comments!
I don't know what exactly happen with ETHEUR. But I am wating for the 12 euro area to open a long position.
A SMALL short position at 47-48 EUR region. A small retracement expected at this region.
Such a huge rise, shall correct one day. A region of 24.30 can be a good region for possible open a long position and to keep it for short time.
ETHXBT has been rallying steadily for now, and is approaching a strong resistance zone. We can expect a short term top or consolidation here, if not, aim for the next level on chart. I'm holding my positions and won't sell until the monthly targets are hit. We can trade this pair in the short term though, and capture short term declines with margin positions....
The target hasn't been hit yet, but we might end up hitting it, and stalling there for some time, as I had explained in the monthly chart I posted. If you're long, look into closing margin longs on target, or if you own more than 50% account, go back to BTC to maintain equal weights in your cash account (spot, no leverage). The support here is strong, so you can...
The 'Range Movement' indicator is confirming the monthly breakout in $ETHEUR, showing new all time highs in it, together with price. So far, all timeframes' signals have been coherent and bullish for $ETHEUR, and every consolidation has led to higher prices after breaking out, since I called the bottom in this instrument recently. Let's keep an eye on it, any...
The price have hit today resistance of the uptrend channel. In my opinion, there won't be enough bulls to break 19,5 EUR. I expect the correction of this rise, which will probably end at 14,60 EUR (38,2% fibo level)and if BTC price fall down, than the 11,5 - 12,2 EUR level is expected (61,8%). The RSI level is record high (overbought). Looking back we can see...
This is another very prophetic post, like my ETHBTC one. I think that we will get an approval by the SEC, but, since the ETF won't bring money into Bitcoin right away, price will fall back to weekly support at 1139 give or take. Bottoming there, while big players accumulate positions, until the market is ready to trend up vigorously again. The market is likely...
I can make an informed guess on how long it will take for ETHXBT to surpass Bitcoin in performance dramatically. The monthly chart indicates we could expect a major breakout only after May, or as a worst case scenario, July. There are two possible top targets, and an estimated time duration of the rally as well. The targets are 0.095937 and 0.228555, with a rally...
1st Target is a matter of a time. 2nd target might not be reached.
We're long already, after trying to capture the bottom of this pullback and suffering a slight drawdown (our average buy is around 0.01140). The trend seems to be turning up in this chart, and it presented us with a good opportunity to hedge half of our long BTC position at least. After today's close, we could add to it on dips, so, keep an eye on it and be ready...
This is the Bitfinex chart. I'm currently using this one, due to having the highest liquidity of all exchanges. It seems like we have reached the last day of the recent daily uptrend signal we had in our charts, so we can expect a decline back to the uptrend mode, if the market is due for a breather to resume the long term rally. If BTC doesn't fall under either...
In my previous chart, in related ideas, I had outlined a set of conditionals that had to pan out for confirmation of further upside in ETH. For now, we're seeing a myriad of bullish signals, and most of the different conditions are becoming true. If we manage to hit 13.2332 during February, we will have full confirmation of a monthly advance that can take us up by...
If Ethereum holds here and holds the uptrend speed line it could be breaking out and rallying to the target on time. If it doesn't hold the trendline and goes back under the monthly mode (blue box), it'll continue to consolidate until it has gathered enough strength to break out. The implications are bullish, so I'm holding either way, but it'd be interesting to...