Kraken
ETHEUR: Update - Big potential upsideI'm currently long ETH vs fiat, and short BTC, so effectively long ETHBTC / ETHXBT.
The chart is quite bullish here, with a strong weekly uptrend, but a downtrend in the daily, which recently bottomed when hitting weekly mode support. I like how the last 4 days acted, and how we're holding above the DAO crowdsale key level, so I added a bit against this zone earlier. If not in the trade, you can risk a drop under yesterday's low, and enter longs in this pair, targetting a potential rally to 31.75 once the weekly rally kicks off.
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Ivan Labrie
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DAO´dWell, needless to saj. The DAO quite disrupted our pan there... Pah!
I do not share the overly negative reactions to this pretty much "minor" (in crypto standards) incident which has been managed and handled very professional by the Ethereum developers. Nayways, ATH is obv canceled in the projected time period. Quite the contrary, values in the low 1400s seem to have become the destination under the current circumstances.
Looking for a nice short entry...
Target: low 1400s
Happy Tarding... And be kind to one another..
Possible Bottom & Breakup >>> Reversalpoint?... (!!!)Looks like we have some a break out (although not 100% clear) on the 4h.
Moreover, the last dip makes up for a possible bottom since it met a) the lower end of bull channel and b) the lower end of linReg(50,200).
It is not a clear hit, what could mean it takes another shot at it, but the bottom might be in here already. Especially, in the light of Bert continuing to be weak as hell, this is a reasonable spot to long...
Happy Tarding!
Closer look at Wave C internalsRed and green a separate counts (Green = Bull || Red = Bear)
We could be in a (4) right now for another push higher before down (Green).
Or we could be beginning a nasty path downward.
Both look viable to my at the moment. Typically looking for a ~38.2% retrace on a w4, but this looks like it may end deeper. Obv possible, but lends skepticism, at least imo.
Basically just some more brainstorming while we wait this bore out.
Increased BTC Weakness Demanding To Reverse ETH PositionSooo, weak... On top, we have another significant spike of "days destroyed" >>>
blockchain.info
While there is certainly a lot of room for speculations about the possible reasons, I do consider it as a huge bearish red flag in any case.
To buy/long ETH and getting rid off Bert before he starts to properly dump is recommended.
Target (BTC): 373.00EUR (ETH): No idea. Just let it run...






















