Price is starting to pull back. If you missed the first move down the next best entry in my opinion is the .886 on the 240min to the .382 on the Daily. This zone comes right at the top of some structure resistance. I would place my stop just above the swing high. I am still maintaining my original target of .014000 Good luck trading out there.
I'm still long from 0.018. I'm surprised that 0.0175 broke through but daily RSI is now at 30 – I doubt it is going down much further without a bounce. Blue line shows bottom of the triangle support. I'm expecting a bounce back to 0.021+.
The count is still valid, I guess it found support on the green line and the high support 0.01710. Proabably following the pink trend lines from here.
Good opportunities to make cash!, Big volatility incoming! Beware bounce could extend to 0.024
The big question is if we go directly to 0.030 or have sideways....
This is probably going very fast, be on the right side!
Price cracked the neckline on the head and should pattern on the Daily. Price is pulling back a bit for good opportunity to get short. See the blue box on the 240min chart. Price did have a good bounce off the Daily support around 0.02296, blue line on the Daily. I think once price closes below this level on the Daily then we might see a parabolic short. Good luck...
it is just about fibonacci retracement golden ratio. Fibonacci And The Golden Ratio
Disclaimer: I do not know much yet. However, support and resistance come intuitively to me, as I'm sure it does for most of you. That being said, this published idea is just my under-educated thought and should not be taken as investment advice. POLONIEX:ETHBTC I used a fib retracement in reverse, tracing what I believe to be the 4th wave up to look for where...
Some basic view on this looking from a technical perspective. As long at ETH/BTC is staying above the golden and the other 2 green trend lines, it is a BULL to me. BEARs have lost their momentum so far. If it goes lower than 0.020 or under the golden trendlines on dayly close, it is full bear to the green bottom supporting line.
Firstly, we see in this chart that buyer pressure is much higher than selling pressure at this juncture. We are in a critical space where shorts should have easily broken the barrier but they barely grazed it. As you can see RSI is holding strong and stable through this "dump." Volume is a bit low, but that's how it is before the surge of buyers see money pouring...
I am just learning. With Elliott Waves we must break the B leg before we can call it a new wave. We never broke the 300 barrier and volume was fairly insubstantial. Not sure but I think we must retrace a bit more before a rush of buyers come in for the leg 1 of a new wave. I am neutral for the time being. Nevertheless, I am going to take a trade near the 200...
The chart is crystal clear, is going to reach green support channel and bounce from there most likely.
Is going to bounce, the chart is crystal clear. Is going to reach green support channel, most likely bounce from there. Entry at .0242
Price is starting breakdown. We'll see if this .024000 line can hold. Good luck trading out there.
I guess this a good position to close short, mid term i am not sure where it lands, and long time is bullish so I will take some longs with me
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...
We couldn't break 300 and the reason is clear. Volume is low af. If that was leg one of a new wave it was hella weak. Where are all the buyers at? Waiting or shorting. The Eye of Sauron looks down upon us and forces us into the nether worlds of the 200 zone. When we reach that level buyers will rush like mad at those prices. then we get exhausted, but people...