Just looking on the daily, even weekly ETH chart gets me worried. Why? For two reasons.
Firstly, this is actually the first ETH bear market. It has never been in bear market before, keep that in mind.
The second reason is the chart above. As I mentioned before, this is common now in other cryptocurrencies as well. Now I don't know what's the deal with ETH and I...
This chart looks at when the longs vs shorts are at there highest and lowest. You can see that in each rally, retail are the last to buy in and normally a large increase in longs vs shorts will result in a large sell of in the value of ETH USD
This chart looks at when the long vs shorts are at there highest and lowest. You can see that in each rally, retail are the last to buy in and normally a large increase in longs vs shorts will result in a large sell off in the value of ETH USD.
ETHUSD Longs have broken resistance, and Fisher Transform
is healthy above the zero line, indicating that Longs are likely to continue experiencing growth.
When we're breaking resistance we expect to continue to break resistance.
In a situation like this, where price is sideways, in consolidation, we tend to bet with sentiment instead of
against it which is how...
ETH/USD Longs have reached the highest level in over 9 months, now within striking distance of a new all-time high
With longs nearing their ATH's a major move for #ethereum could be on the cards soon
Looking at longs/shorts history on Bitfinex, when longs stack up while shorts and prices are low, bullish ethereum price action tends to follow
Lets wait and see
ETH really wants to go up, BUT this diamond reversal pattern in ETH longs and the LONG/SHORTS ratio at 2.0 is making me do a double take. I think we have further down to go in this leg before a huge bounce to mid 400s. The market rarely lets the majority win.
This zone is looking to be the likely last resort for a revival of the slaughtered bulls. Stand fast!
1) Weekly ATH Zone
2) Weekly uptrend that formed the ascending triangle to push the price to recent ATH's
3) Decent hidden bullish divergence
Most important of all this analysis is certainly the skill for whale watching. Anyone who has been here since the $10...
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