Hi guys, ETH gained 25% in last 3 days after it visited hospital. I think this is enough and so do indicators. This chart is a quick heads-up for my followers that here might be good entry for short. eth is bearish long-term, expect bigger analysis soon :)
Long should be the right choice if we don't break 0.0147. I am all in.
The count is still valid, I guess it found support on the green line and the high support 0.01710. Proabably following the pink trend lines from here.
The big question is if we go directly to 0.030 or have sideways....
This is probably going very fast, be on the right side!
Some basic view on this looking from a technical perspective. As long at ETH/BTC is staying above the golden and the other 2 green trend lines, it is a BULL to me. BEARs have lost their momentum so far. If it goes lower than 0.020 or under the golden trendlines on dayly close, it is full bear to the green bottom supporting line.
After a consolidation phase, Etheur points down. Bounces in middle Bollinger Band pointing to the lower one, breakout on lower trendline, CCI under a descending trendline, signal line on MACD points down.
I guess this a good position to close short, mid term i am not sure where it lands, and long time is bullish so I will take some longs with me
ETH bounced from last significant FIB Speed trendline and is now touching the top of the triangle. A few minutes ago, Coinbase released the news which was leaked two days ago from Google cache. Visual Studio supports Ethereum. ,,Buy the rumour, sell the news." Trader Bible, pp. 1 I am going short here. It is a very risky trade with not that high chance...
"Gas, you are awaited." Styx It seems like eth is done. After a paid bullish article in NYTimes, eth cought its last bullish breath. - Trendline was broken, yet hammered on 4h. -> should have burst upwards, did not. - AO, ADX, RSI failed to confirm bull. KDJ signalling overbought. - Kumo proved to be resistance. - With no bullish news ahead of us, this is the...
Quick update: We are ready for next trade. After 61.8% retracement, indicators do not look healthy for bulls. By observation, 2470-2480 price mark is the level where sellers are stronger than the buyers. There was an attempt with 35k buy walls to break this level, but it failed. We are going more down. Open shorts. Target, if this is ABCD/bearish flag is 2250....
Cloud is gone Trendline is gone Bullish attempts were extremely weak, only moving price when order book was at its thinnest (desperate). Confirmation for this is seen in RSI. Oversold KDJ during 24th and 26th gave bulls a chance between 26th and 27th... now it's bears turn again. Combined with the massive sell orders we've been seeing on Polo, the bear is...
Yesterday we predicted that 0.02500 is a support, everyone who longed there could make nice profits closing between 2600 - 2700 and if followed me in "Bitcoin" chat room, could see my announcement that we are in no trend now and this is a chop zone. Buy 2500-2550, Sell 2600 - 2700. Turned out to be highly profitable. Right now, it is best time to exit the longs...
Unfortunately, all positive signals turned bearish at the same time. It feels like some big hands want this down. Do not fight them. Follow the trend. Which now, unfortunately is bearish.
After yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart: Quick denial of dump, downtrend didn't even form. Inverse H&S RSI holding support, quickly rising with higher lows and higher highs