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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Right now ETH looks beautiful on the daily. Golden cross just happened, and we are currently consolidating at the top of the ascending triangle. Bitcoin also consolidating at resistance, it looks like we are about to have another leg up. Lets see :)
I turned around last night and switched my Eth Long to short.
First target is 168, but this could break down a lot lower. BTCUSD also broke down from both the ascending triangle and wedge which is a substantially bearish signal for Eth as these two correlate quite closely.
Reasons for open position:
- sell zone is 174.2-176.6
- trend line was broken and I'm waiting pullback for open short
- level at 174.2 is mirror level
Stop above 176.4
Take profit 1/2 (169.65) and higher, depends on your greed
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The famous golden cross occurred on 16/04, and we are actually accumulating distance between ma50, ma200, that's a good sign!
Let's look together at major support and major resistances.
A break of the first support would lead us to 160$ area. It's unlikely to break also this area in the short term....
A few days ago, i have published a idea of ethereum.
Yesterday, 20.04.2019 Daily Ma50 crossed up Ma200 Movinge Average.
That is very important.
Ethereum has a big potential to increase.
On 20 January 2020, Ethereum Might Be 8000$
1- Btc will increase
2- Ethereum needs huge update for scalibity and real life bussines life.
Zooming out to the 6m graph, a very nice cup and handle has formed. Ethereum has already made significant gains in the past few months but this could spell trouble for crypto enthusiasts.
This reversal can be an indication of either a reversal of the overarching bear-trend or the current bullish trend we can accurately chart right now. If a breakout occurs then...
1. Formación de Sh previo al BMB
2. Regreso al punto de impulso bajista, formación típica
de un cluster de oferta+pfq+csl. LOS LARGOS ESTÁN ATRAPADOS
3. PB al cluster, SH en el PB. Punto de entrada: una
orden stop para seguir el momentum que se forma en el
parece ser que nuestra primera onda esta completa vamos a corregir en el corto plazo voy a escalonar entradas desde 167.2 hasta 161 para reanudar la tendencia alcista si estoy mal el precio de invalidación esta en 156 a remar
I have mentioned these guys before, but I’ll mention them again, the EFTHQ did a series on optimizing indicators and having them compete against one another for the purpose of selecting the indicator that will get youthe most gains with the least effort. For moving average crosses they prefer the EMA over SMA, and the daily timeframe over the weekly, and settings...