ETHUSD Update: With the big event seemingly out of the way, it appears the outcome was a non event in terms of price action chaos. The higher low that I wrote about in my previous report held and has lead price to a higher high at the 232 area which now puts it within striking range of the 241 resistance (.382 of recent bearish swing). With the compound bullish...
BTCUSD Update: Recent market structure implies underlying strength even though low volume holds it back. With 8/1 just around the corner this market is likely to stay quiet, but IF a bullish catalyst unfolds on Tuesday, there is no structural resistance holding this thing back from new highs and beyond.
The recent upswing off of the 1826 low happens to be...
ETHUSD Update:Multiple day higher low forming in low volume environment as 8/1 gets nearer. As long as price stays below the 208 resistance, it is likely to gyrate within the 183 to 163 support zone.
Everyone is waiting for the outcome of 8/1 and the low volume serves as evidence. Nothing unusual about this especially in light of the constant ICO scams and...
Historically, the basis bband on the weekly interval has been the deciding threshold for major trend reversals.
A cross upward in August 2013 signaled the beginning of the late 2013 bubble.
A cross downward in February 2014 marked a denial of continuation in the uptrend, confirming the 2014-2015 bear market.
A cross upward in June 2015 signaled a the end...
There was enough Long period for this cryptocurrency fqter the hard fork/ Now its time for correction and a little Short move& After that we can try to break 14$-15$..
Its been a rollercoaster ride for Ethereum. At one point it was hailed as the next big thing, the world computer that would solve problems real and imagined then came the DAO hack and then came the dumps.
Hard fork after hard fork has damaged the credibility of Ethereum as a reliable and immutable blockchain. It is likely that it will need to come down a lot more...
Just in case everyone forgot, here is a chart showing the results of the last hard fork. Not counting the rally the day before, ETH/BTC was up 30%.
I think we at least go to .022 but now would be our chance to break through the all time retracement of .382. If we were to rise another 30% that would put us at .025
We've hit cruicial level right now. i belive the future of ETC will be decided right here around 0,0037. this is the last chance for rebound and confirm the uptrend we were in all along. it can happen either way so i wont pick any side let's just sit watch. i wouldn't long ulness we breakup from the triangle and go over 0,0048.. if we do there will be a lot of...
My prediction is we're in the big eliott cycle that will takes us to 0.01BTC or somewhere ner that. nice cup was drawn we will have short opportunity to jump in when it corrects a little. Those who miss that will see very quick price increase: third wave to 0.007-0.0075 and fifth wave to 0.009-0.01. what happens afterward remains to be seen for now charts are cery...
What I think will happen after ETH HardFork. I know a lot of people think ETH will fall, but one thing I've learned is that the market doesn't like uncertainty. Once removed the market always goes up in relief.
The 20th of July, the hardfork is going to be implemented in the Ethereum blockchain, releasing over $7 million worth of ether to investors. There is a possibility this will lead to a dump never seen before.
