Although probably one of the biggest (mid-/longtermish) permabulls, I cannot help but turn shortimish bear due to a possible DAO overhype... Target: Double Bottom in 1500s
Final Destination: Bottomless Pit Let´s be honest, the fundamentals are just too bad and rejection after just breaking up super weak. My bets are on Ether here...
The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.
Very bullish new candles promising the bulltrend to continue. Target: 2500-2600
LOL. Almost threw up when I just woke up to this shit. Must be a joke or something. How does that not look like blatant manipulation? What sort of move is that suppose to be? Bahahahaha- Well, let´s see what happens... Channellus Bullus is def broken on that 2h. Can´t believe this bearcrap.
Breakup of circle pointed at (blue arrow) mandatory >>> Entry ABOVE 0.01930 >>> Target: 0.02369
Because on BTC USD we will see litle down from here , this is very possible scenario for ETH now Same double bottom we can see on ETH EUR
Because on btc usd we will see little down from now, this is very possible scenario for ETH now
We are dipping (another dip to 2200-2220 must be expected) into heavy support area here making a reversal pretty much imminent... fingers crossed ;)
The Anti-Ethereum fornt is sincerely telling us that this is not a breakup.... tztztz.
Following the EW theory...this might be the 4th wave up.
Updating my previous ETHXBT chart, we seem to be retracing the recent decline. Now, this could be an uptrend continuation setup, or simply a detour before more downside. Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do). Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup...
...doesn´t see a proper pump here any time soonish now, it´s over. Will the ponzi continue or finally meet its destiny?
Posible next 5th Elliot wave and subsequent correction to retest resistant at 38.2%Fibb Level