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DAOETH

ETH, go hard fork yourself :)Hi all! Today we will short ETH from 1850-1950, depends where u got in -> hold the short or enter now at 1875. Entry: 1850-1950 1st tgt: 1610 ~ where the fake rally started from. 2nd tgt: 1410 ~ previous support. Stop-loss: 2000 TA in the chart. Bull flag for exit-pump completed perfect. Doji on 4h -> signals potential reversal. Confirmation from RSI, KDJ and DMI is about to happen soon, very likely. FA: Hard fork has happened and the new chain where dao is refunded has won . Ethereum Classic is still running and has its own community . 12mm ether is being refunded and exchanges are about to re-open eth deposits. While we can chant that the evil hacker guy was beaten, celebrations will last briefly. This is our first Hard Fork and brings nothing good for the community. Expect ETH to be mocked and taken less seriously by investors. Seeing how easy it was to do a hard-fork, this provides a potential instability and fear for the ecosystem, dapp developers and investors. Expensive infrastructure and dapps were expected to be built on ETH, even banking systems. But a possibility of another HF brings in a huge risk that some institutions will not be willing to undertake. People invested in Dao, not Eth. Their funds were almost lost because of a fault in computer code. Why would they hold investment in eth? they invested in dao. Why would they hold eth just to reinvest into another computer code based dao to get hacked again? they got burned once, mistake should not be repeated. I expect they write a Thank you letter to God and dump in alahu akbar style. I expect capital to flow away from eth in the near-term and the long-term. At least until we see a first major successful dapp that doesn't get hacked. Happy trading!
Short
by MarcelV
15
DAOETH it seems to recover soonThere was an attack on DAO last Friday. After reading -- blog.slock.it -- news.bitcoin.com I liked especially: In the last 36 hours we have witnessed an attack on The DAO. An attacker utilized the “Recursive Call Exploit” in the `splitDAO()` function to withdraw 3.5M ETH while burning only a small amount of DAO tokens. Luckily, the funds are not under his control. They are locked in a childDAO. So it seems that there is a solution for the problem and "money" is frozen. I expect that DAO to recover soon.
DLong
by eagle.one
ETHEUR: UpdateWe had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO. Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines). Technically speaking, I think the uptrend isn't ready to resume in full force, since we don't have sufficient time spent at these upper echelons (can't blame me for using the term :) ) to prove that there is re-accumulation before uptrend continuation as per the 'Time at mode' rules. That being said, for as long as we're making 1 new high every 5 bars, we're technically in an uptrend, and for as long as the red dashed speed line holds, bulls are still present in this pair. For now, I reccomend holding ETH if you own any, if you were margin called out of your positions (like I was), sadly you're out with some loss. This brings me to the topic of leverage and crypto trading. If you consider the average volatility these instruments have, paired with the exchanges' problems, right at the worst possible time, you can conclude that is better to just buy the coins with cash, withdraw from the exchange and wait to sell when your price targets are hit, which will force you to adopt smaller position sizes, and trade from a longer term perspective. I hope you found this useful, I'll keep updating this chart once I see clear signs of the uptrend resuming. Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
by IvanLabrie
19