I mean, WHY NOT? Considering the probability I have seen the future events, it's even more comprehensible.
Let me know which part of the trading idea you want to deepen in.
synapticex.com
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...
"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...
I posit that we will see another all time high in the near future on ethereum as the structure here is not indicative of a bubble popping but a consolidation triangle pattern which is now ending. The trend changed on the last bounce off of support at .02 and as this is a continuation pattern it is reasonable to infer that another all time high is coming in fairly...
Quick update:
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...
Unfortunately, all positive signals turned bearish at the same time. It feels like some big hands want this down. Do not fight them. Follow the trend. Which now, unfortunately is bearish.
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.
Inverse H&S
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 ...
The green trend lines maybe initiate anotherbig bull move, obviously we are in a big trend channel up (pink one), if we leave this pink trend channel it is fully decided for weeks if not months.
