With all the euphoria over classic ....has it had its day?
With two signals as to a bullish reversal being a Dragonfly Doji & Bull divergence I am quite confident we will see a short term rise!
With the turmoil in markets over an Exchanges Security, it has left me longer at higher levels than expected. Nevermind, the determination now is whether support has been found and this is a corrective move or more downside to come? Things to note are the lowest oversold levels and the 61.8% retracement support level from recent highs at £549.99.
Went long small @ £472 local support and waiting to renter £428 & if on targets £387 before it goes sideways and up longer term?
Small long now shorting against Ether the balance as I expect more downside until strong support $606 ~ $609.
Ok I am now going to wait as long as it takes before reentering.....as too much risk. A break on the downside below 0.01750 would be devastating and also below recent trend in blue and a break above 0.0234 would be joy....above the cloud!
Like a Bull to a rag I am long ETH/BTC again and this is one possible scenario? I have seen this possibility from a fellow charter so I am keen to see it play out short term, with future long term targets @ 0.0378 & 0.05631.
Still long but decreased my position in case of breakthrough $645. With Ether proving hard to read both price wise and technically its a waiting game! Is this the right part of the shoulder?
Short term bearish beneath the Ichimoku cloud and painted a H&S. Target $606 ~ $612 depending on exchange?
IMHO this is definitely looking overcooked on the sell side for six months and one reason I have gone long! We are in a neutral area 0.0185 ~ 0.0225 and also in the cloud so it may go sideways for awhile?
Again Ether has surprised and ignited. A Bullish phase maybe still possible with a close watch on the Ichimoku Cloud for points of entry!
Although the recent bull trend has not been broken (light blue line) and it is bouncing off the 61.8% retracement line. ETH/XBT needs to get above the Ichimoku Cloud , presently in bearish territory, for me to dip my toe in the water again!
Now set a time and target £765 long term & possible moves short term ......as usual only ideas which could easily prove to be wrong!
6 days to go before halving and market very bullish as shown by Ichimoku cloud. Target £600.00 or $800.00 nice round figures for the deed. Of course as always Bitcoin can turn on a dime so watch for any crosses short term!
It is possible the downtrend has been broken after BREXIT and test of lows, so the momentum change now upwards short term so watch for break of cloud and any break above $778.
Obviously biased as I am long but how much weaker can Litecoin get against Bitcoin?