ETHUSD Update: The 271 level has been taken out as bearish momentum slowly works it's way back into the price action. If price takes out the 260 support (.382 of current bullish swing) then this market is more likely to retest the 237 to 219 support zone (.618 of current bullish swing). If price is going to get extreme, like I have been writing about in recent ...
Heading to $188 most probably.
This is OccultMagnetism™ Pattern analysis, link below to read about it:
http://occult-magnetic-pattern-analysis.weebly.com/
The previous idea was an intraday short setup: https://www.tradingview.com/chart/ETHUSD/sfVJaXaP-Ethereum-ETHUSD-A-Short-Setup/
This one is similar: we aim to complete a 5-wave structure with some 7-8% profit potential.
ETH held up above the $250 level during the overnight decline, and it showed relative strength today compared to BTC, as it didn’t hit a new low in early trading.
https://www.tradingview.com/x/SLea8yMt/
ETHBTC 5M on Bitfinex
The coin is also above the weekend lows, and although we still expect a dip below $250 before the end of the correction, the strength ...
eth broke massive bear flag on daily
confirmed with bearish doji sandwich on daily all sma above price now 50 20 100
massive bear signal
hope you shorted at top 295 as said in my previosu analysis
ETH finally broke that 280s support it had been consolidating for days and days. Now that the direction has show itself on hourly and daily timeframes. Watching vwap or bear flags for potential shorts.
After the hourly oversold bounce played out last night, the bears quickly took back over and erased the gains.
The bear volume on the pullback is comparatively much lower than BTC.
It is not game over for the bounce, but the hourly and 4 hour charts currently look like bear flags
If we see lower lows we will look for an oversold 4 hour bounce play as we are ...
I am not suggesting it will happen, but I am seeing some of the leading cryptos (Bitcoin, Litecoin, and Ethereum) poised to dump this weekend. In addition to all remaining in bearish chart patterns:
-Ethereum has fallen below .618 fib retracement and the $275-$280 support level.
-Bitcoin has dropped below it's longer term bullish channel yesterday ...
Assuming the simmilar % ranges of the recent fall and assuming the price patterns will continue to perform as the did in the current descending price channel I dare to imagine the foredrawed price development in the future few days. I dont have to mention the recomendation of various traders that Eliiot´s 3rd (C) wave seems to be happening. Therefore am w8ting to ...
Textbook setup, impulsive wave, breaking of downtrend and consolidating in form of a bullish flag.
Using a tight stop because watershed falls are still possible.
Blessings to you
Most coins are following BTC quite heavily lately so don't expect ethereum to follow suit. I'll keep an eye on ETH due to Metropolis (This week was just a testnet) .
Also I'm on fiat shorting Ethereum for the past week
Context (W) : Directional and trend are down.
Trading (D) : Price confirm uptrend so we will Buy when the price hit the agreement approximately @260 this point will be Stop Grabber also, SL@240, TP@360.
Look at the price @300 this point is Node Breaker or Power Buy that mean if the price rise to this point it will be strong bullish.
Alternate Plan : If the price ...
