Are you in position for the next major move? If you are just reading my ideas, did you buy when I posted when ETH was at $80? If you are a long time follower, have you laddered yourself in such a way to take advantage of the next major move up? If not, now is the time to do so. I outlined what I think will happen with the black line. the most significant thing of...
i already outlined my big move up scenario for ETH in preparation for Constantinople. Now lets zoom in and outline a couple scenarios with how we get there. You can see that ETH has come off this 85 area pretty hard and pushed almost all the way up to its previous high at 125. If we go sideways from here, we will form a massive Inverse head and shoulders...
Wow! BCH continues this massive rally! We can see that BCH has rebounded hard off this 100 level, DOUBLING in a matter of days. The question is, can it do it again? I think so. it has a ton of momentum and literally no resistance until this 400 level. (it's in the process of bekaing the only real resistance at this 230-250 level) Once we hit that level, expect...
hi Everyone! I hope everyone is surviving these crazy markets lately. BTC has rebounded hard off this 3k level and is fast approaching this 4.5k level. Here is what to expect: If we break this 4.5k level, expect a move to just under 6k. if we break that level, expect a much higher move to 10k, as outlined in my previous analysis. If we retrace and go down...
We have been in ladders for quite some time. If you haven't bought in ETH. Now is the time. Once we get a solid cross up and break 120, next stop is 200. After we break 200 to the upside, we go to the 450-500 area. I have to keep this brief, but make sure you don't let your emotions get the best of you and not buy in at these lows. If you are holding, continue...
Hey Everyone. With the recent downturn in BTC and lethargic moves happening, I want to outline what I am forecasting and the reasons why. Of course, this is subject to change as things happen but if things happen the way I see them right now, this is a potential scenario of how things could play out. Couple things to keep in mind before you read or comment. This...
If we look at BTC, we are getting the same type of lethargic moves that we had before. Unfortunately, this leads me to believe another move down is in the cards. I don't think we are going to get a MAJOR move up until Jan at this point, unless we get some surprise ETF news in December to drive the markets higher. The only glimmer of hope is that we possibly could...
We have been in a pretty vicious bear cycle for a while now, even more so the last couple weeks. If you didn't catch my last post on laddering and the strategy it entails, please give it a read to understand what I am doing. To the charts - We can see that BTC has been trying to carve out a bottom down around this 4k zone. We hit as low as 3.4k and have started...
First, some technicals. We can note that the selling pressure of everything else was to much for the continuation triangle to take hold and start a move up. If we look to RSI for some guidance we can see in the immediate past that a low RSI yielded a move up in both cases. A substantial move in one of them. I think it's unlikely that we will get that great a move...
Hey Everyone. I want to give everybody an update on what I am doing with ETH currently. As you all know I had ladders in from 450 down to 200. It gives me an average price around 300 give or take with the way I did my ladders. This is my hodl bucket which is down significantly. A large portion of my ETH portfolio that I have put aside for that a longer-term play....
While everything has been taking a beating. Ripple hasn't. It's remained strong and price hasn't gone down. Because of this, this leads me to believe that the present possibility of a continuation triangle is rather high. We won't get any action till everything has calmed down, but we are poised to go to $1, if not $3 or more if we get a really large bull run. I...
Hey everyone. If you have been following me, you know a few things about my posts. That I am not a perma bear and that i am not a perma bull either. You probably also know that I ladder in my entries. I have written numerous times about my strategy and how it looks. For the past 2-3 months I have been laddering in my positions in preparation for a large move to...
If we compare ETH/USD and look to ETH/BTC for similarities, I feel we can gain some guidance as to what will happen. We can see that ETH/BTC is almost at levels when Ether was first started. Now that Ether is established, I feel ETH would be hard pressed to move down much further from here. Of course, this isn't to say that it won't happen, just that it appears...
We knew that if BTC broke this gold trendline that I have pointed out many times that we would get a significant move down. For those of you trading, you should be out now as your stop should have been under those levels. For those hodling, you should be laddering in as BTC moves down. Depending on the way you look at it, BTC has either broken this ascending...
Weekly MACD looking to cross, RSI divergence. If we start moving, it's going to happen quick. -Sherem
If anyone is planning to trade ETH, buy ETH or hodl ETH. Now is the time to do it. I have given some reasons in my past posts, but let me break it down briefly here. Technically: 1. We have broken both downward trendlines. Everything is pointing up. Once the weekly MACD crosses to the upside, everything will be in conjunction for a push to the upside. 2. ETH/BTC...
As indicated before, we know BTC is going to remain in this channel for quite some time. Once we get a confirmed break of 7k to the upside, we will have more room to run. Until then, look for mid term boring swing trades from here to play this channel. Real moves are coming in December when we get Bakkt coming out. Happy Trading and Hodling, -Sherem
Take a look at this weekly MACD. It's itching to cross. If we get a solid cross, we will be going much higher. On a small scale, if we break $200, we should see the $230 area pretty easily. Follow by $250, then 300. If you follow me, you know I have laddered into ETH from 450, and currently, have an average buy around $300. I am still targetting around $500,...