Is #ETH about to pull the ol' False breakout/Shakeout/Short Squeeze?
$ETH shorts at ATH and going parabolic.
Let's see what happens. My gut is up. Sentiment on Twitter is Ethereum is going to zero. ETH shorts are rising at a rapid pace, blowing past ATH.
-@CryptoCurb
The Markets have substantially gone down this last week and it hasn’t been due to a news event or any driver other than selling pressure and lack of interest.
The purpose of this update is to tell you what I am doing and why. It’s up to you to determine what you would like to do.
Most know that I ladder in my positions and it works to prevent substantial loses,...
Price stopped down move near $167.32, after that there was 2 weekly candles with Volume in 2 times bigger than average volume.
Friends, VOLUME is a fuel for big players without it they can't move the price. For me it's a signal that big players start accumulate their position for a long.
I think the best place for long — term buy near 10/Jul/2017 low $136, or...
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...
Ethereum bounced off the equilibrium of the 4-Hour Bullish Order Block (OB) almost to the pip but was then met with resistance at the 4-Hour pivot where it is currently trapped below.
The bulls need to break this pivot currently acting as resistance to maintain any bullish momentum they may currently have, but they will be met with heavy resistance by the bears...
ETHUSD is approaching our first support at 207.15 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 235.68 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see...
UPDATE ON MY PREVIOUS ETHUSD, A BREAK IN
THE LINE WILL MOVE AROUND $200 MARK
IF IT DOES NOT BREAK SHOULD GO TO AROUND $250-260
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After what is currently shaping up to be a weak bounce off the 4-Hour Order Block equilibrium, Ethereum seems to be signaling a potential break to the downside. This level is also confluent with the range equilibrium.
It was rejected almost to the pip by the 23.6% Fib level pulled from wick to wick of this latest wave.
A clean break below the 4-Hour Order Block...
ETHUSD is approaching our first support at 222 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 239 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a...
There are 8 Major Harmonic levels on any chart. Each level represents the hardest and stiffest form of support/resistance when prices get to those levels. They should be the most difficult value area to cross above or below. Where Ethereum -1.23% is currently trading is the last stand. The final castle. It is the Alamo and Thermopylae.
The 1/8th Major Harmonic...
ETHUSD is approaching our first resistance at 241 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 222 (short term ascending support line, horizontal overlap support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also...
Bullish on ETH, clean SFP which also ocurred on Bitinex). As always if BTC doesn't hold above 6600 it will dump but I really think it will also restest the range high (6780-6820)
My last call was a long Bitcoin, where I accurately called the exact bottom with the perfect stop loss placement. Now I will be using the same strategy to trade the breakdown on Ethereum if that happens. I am current long Ethereum and in great profit. However, we must be prepared for all scenarios.
View my last calls in the related ideas section or just click on...
