While BTC is going insane and going up, I do feel comfortable with this ETH trade, we are at these lows and with BTC getting high and ETH/BTC low, it makes sense that we would see an uptick in ETH/USD when the flow switches on ETH/BTC and we should start bottoming now that BTC is spiking, at least I would imagine so. Previous update for a little more detail -
Ending diagonal often mark the end of the trend Ending diagonal often correct to at least fib 0.5 As price printed lower low, macd has been printing higher low, 3 times, one touch for every subwave This shows how long "bullish divergence" can keep on going without producing a reversal. It also confirm the diagonal triangle, in which subwave 3 and 5 are meant to...
ETH:USD appears to be one leg behind BTC and in the process of forming it's own triangle. BTC short sellers were at an all time high on April 11 and a massive short squeeze followed (which I predicted on April 7th ) Ethereum short sellers have increased drastically over the last couple days and they are currently pulling back from all time high levels. Meanwhile...
Yesterday’s analysis : Viewing ETH as one leg behind BTC and expecting a bounce retest the top. Watching ETH short sellers pull back from ATH levels. Seeing support from hyperwave and higher low. Patterns: Triangle, downtrend, higher low Horizontal support and resistance: R - $455 S - $445 and $434 ETHUSDSHORTS: Broke out of continuation triangle. Now back inside...
Hello everyone Today just a small update on ETH price-action. Just a couple things I want to talk about today, let’s get straight in to this. -So first of all I like to start with the support lines , we can see that we have very strong support lines on 368 and 280 USD. Nevertheless, I’m convinced that we’re not reaching 280 in the first couple of weeks. 368...
RSI just confirmed the breakout, Most indicators are now reset, so there isn't much else to say I have 3 TP above where price might turn Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Hey guys, Since "Against the odds trading" is paying of these days, we have yet another beautiful text book trading opportunity. Keep it tight, keep it clean - stay clear if you don't have a plan! Keep it Real!
The title suggests a rocketing movement of the token ETH. And in the long run it´s quite possible. What are the conditions for this projection? 1. ETH has ended the long decline and entered a new motive wave 2. The chart patterns (trend channel and swing trend lines) have to be broken up - of course some intermediate correction have to be taken as normal 3. the...
It's a clear falling wedge pattern for the ETHUSD pair.
Some pump broke the initial fractal but it seems the direction is still the same :-) So I'd go long from ETH value now @ 370€ to 402€, and then go short to 330€; then finally go long as the bull run we all are waiting for should occur! Until what value do you think the first bull run impulse could go? (don't answer *the moon* please! :-D)
RSI dropping below 30 on the daily is my buy signal. I don't put the order in immediately. I wait to spot a true bottom and I'm okay catching it on the uptick or I set the price I'm happy with regardless if it goes lower than what I set. Sometimes you can't watch the charts. When I believe in a coin and I short it when high on the RSI, I usually set an 8% buy...
ETHUSD daily chart/// I have already told you my idea that the downward trend has not ended. And I've published graphics about it. The price is currently standing in the support zone in early 2017 The purple lines are trend lines and the red one is our most important support point You can see other support and resistances in the chart ***This information is not...
FIBO was applied on top of the weekly chart and daily chart. There is SHS formation on the daily chart. SHS already made the fall. I expect price to step up to the support line and fall back. Thin blue line is short trend line The thick blue line is the true big falling train line. The thick blue line must pass for the end of the downward trend. But expectation is...
Hello everyone, welcome back to the 2nd part of the analysis. The first part is here: So, getting back to the point. Let us understand, what does the volume say. VOLUME The volume has been screaming on the top of the voice in support of the BEARS since the beginning of the June. As you can, there is a rise in price supported by a falling volume and a...