ETH gained 25% in last 3 days after it visited hospital. I think this is enough and so do indicators.
This chart is a quick heads-up for my followers that here might be good entry for short.
eth is bearish long-term, expect bigger analysis soon :)
ETH bounced from last significant FIB Speed trendline and is now touching the top of the triangle.
A few minutes ago, Coinbase released the news which was leaked two days ago from Google cache. Visual Studio supports Ethereum.
,,Buy the rumour, sell the news." Trader Bible, pp. 1
I am going short here. It is a very risky trade with not that high chance for...
"Gas, you are awaited." Styx
It seems like eth is done. After a paid bullish article in NYTimes, eth cought its last bullish breath.
- Trendline was broken, yet hammered on 4h. -> should have burst upwards, did not.
- AO, ADX, RSI failed to confirm bull. KDJ signalling overbought.
- Kumo proved to be resistance.
- With no bullish news ahead of us, this is the...
We are ready for next trade. After 61.8% retracement, indicators do not look healthy for bulls. By observation, 2470-2480 price mark is the level where sellers are stronger than the buyers. There was an attempt with 35k buy walls to break this level, but it failed.
We are going more down. Open shorts. Target, if this is ABCD/bearish flag is 2250....
Cloud is gone
Trendline is gone
Bullish attempts were extremely weak, only moving price when order book was at its thinnest (desperate). Confirmation for this is seen in RSI.
Oversold KDJ during 24th and 26th gave bulls a chance between 26th and 27th... now it's bears turn again.
Combined with the massive sell orders we've been seeing on Polo, the bear is...
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...
After yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart:
Quick denial of dump, downtrend didn't even form.
RSI holding support, quickly rising with higher lows and higher highs
Hi, yesterday we had an attempt at major turning price level 0.03 and we broke it on Kraken. On Poloniex, huge sell walls (15000 ether in one order, etc) appeared and scared the buyers who stopped at 0.02995, which is rather sad.
We got stopped out of our trade (and partly exited manually since it was clear buyers are there, just not willing to finish this fight...
ETH is looking heavily bullish to me from TA point of view. Find comments in chart.
Combined with Vitalik's speech at Coinbase twitter.com I believe this is a no brainer.
Stop loss 0.0285
Ethereum continued its incredible pump and reached highs of 0.00723, from 0.00392 starting point.
On our last trade, ETH was shorted. It went down from 0.00555 to 0.00500, and met strong support there. Ichimoku cloud support (red line) was tested, but not broken. Stop loss was triggered.
On our next trade, we will be looking whether ETH can break cloud up or down....
Hi, ETH went from .00392 in just two days to .00580 and I believe this was orchestrated pump which has now met its target and we are about to see a nice dump. Since this rise was artificial, I expect a full retrace, down to .00392.
The TA says it should go down:
1. We have broken the trendline, which just recently served as a resistance point.
2. Nice Double...