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
After a lot of hubbub in chat, suggesting a big movement from eth soon, I decided to search for a fractal pattern to match. These points aren't perfect, so I wouldn't bet on them quite yet, but the ichimoku cloud formations and hunt volatility channel patterns very closely match each other. If we see some downward movement soon, it will continue.
ETHBTC been in consolidation, although it has swung wildly. On the weekly its a bear flag however and BBands are surprsingly compressed. I could see some serious gains on ETH the comming weeks.
I see ETH In much uncertainty and the cloud rejection has been consistent and strong So the only way now is to test supports, breaking uptrend line will create the volume for the dumps. Stop loss tight, just a little bit inside the cloud Be safe
After the initial advanced from 0.016 to 0.019 based on a successful hard fork we can see some correction now. Many people will convert their DAO back to ETH and some of them will sell it for BTC. Short term we can retest 0.0175 - that's 10% profit. Stop at 0.1920
It's good time to buy ETH for long time Min target 0.0196 Don't forget that squeeze may fill your stop loss
ETH running on 3 positive fundementals: Okcoin add rumor, coinbase add and the 160 M $ $DAO crowdfunding with $ETH trade active 0.03035 stop loss very close to position as in the chart.
Im just guessing this could be happening after the DAO Hype is Over. Not pretty confident but seems that all this bull market on ETH was generated by the DAO Hype.
ETH has broken out of its 4 hr structure and rallied as expected. Now a nice retracement has almost completed. It has the look of wanting to go long as much as the XBT looks like it wants to go short. However looks don't make a trade. Watch for a pull back to the .500 where you find a trend line and strong support area. I will look for signals to go long at this...
Head and shoulders pattern observed in ETH, expecting down from here.
Because on btc usd we will see little down from now, this is very possible scenario for ETH now
Waiting for ETH to break the 4h trend line for a small move up then back down to complete the higher degree wave. Will look to take a small long followed by short from the 0.0236 level down towards 0.0124. I will wait to see how structure develops once the wave completes before taking buying at the bottom.
I wanted to use the new poloniex data, as it is where most of the volume on ETH is, luckily the new chart is no different form the old chart.
i am looking at the 4H chart and i had a hard time finding a trendline going up. I had to go all the way back to Februrary 7th to find a good spot. The problem is, this trendline is so low, which is why i ask myself wether ETH is really going for that trend line?
Yesterday we predicted that 0.02500 is a support, everyone who longed there could make nice profits closing between 2600 - 2700 and if followed me in "Bitcoin" chat room, could see my announcement that we are in no trend now and this is a chop zone. Buy 2500-2550, Sell 2600 - 2700. Turned out to be highly profitable. Right now, it is best time to exit the longs...