Following on from my post on april the 28th i have put together a chart with a rough buy in and target zone, and correlated the points with my previous long term idea. 4 months on and the ETH megacycle is well underway. overvaluation stages didn't manage to reach and a sharp downside turn was met; as predicted. this has led to a profitable short swing and the...
During the selloff in crypto the last 24h, ETH have been one of the biggest bleeders. All year, we have all been waiting for the triangle bounce, BUT something happened yesterday. ETHBTC broke the triangle trend most people have been watching for the last year almost without caring. With ETH crashing down I started to adjust the lines a little, and I found a new...
No need any indicator here, this triangle looks like enough, could be ugly if the price drop too much under the line but until now, it's look like ready to bounce.
This is a simple descending triangle exit. Buy the bottom Sell if red line crosse downwards Target as you please arround the Green Line Take you decision regarding your situation Happy trading Cheeerrr's!!
ETHBTC Long opportunity with potential 65% profit :0. ETH has been on a sharp downtrend with respect to BTC and it is currently grossly oversold. Evidence that a relief rally is probable include the pin bar (hammer) candle stick seen on 8-14-2018 on this Daily chart. Also, the daily RSI is currently painting a bull divergence with a higher low on the RSI whilst...
Though i thing eth is witness a relief rally but trend can change if crypto markets get some more volume. If btc etf gets approval then eth etf wont be a distant dream.
Price hits global major support level and building bullish triangle. Bought some piece of pie at this levels and opened orders between 367$ - 415$. If price will bounce, next resistance lanes ~510$ and 640$. I'll sell below them and re-buy lower.
Today with the new monthly candles opening and a pull back in motion I think it's the opportune moment to discuss what perspective looks like and what it means for the current state of the market.
ETH forms an inside bar at at key area. RSI is oversold. And seeing the amount of short interest piling up, I think there is a possible reversal playing out. As @MarcPMarkets teaches, herd often sells on the bottom. My plan is to enter a smaller than usual size position upon breaking up of the inside bar. First target is $450 where I will close half of my position...
Weekly TD9 on ETH/BTC pairing, approaching 100 day moving average. Looking to scale in some positions with stop loss below trend break.
While BTC is in chop chop mode ETH will rise again to proof everybody wrong.
$ETHBTC has been a leading indicator to buy/sell your $ALT positions over the last 2 years & been very effective in doing so. We've been ranging in a trend on $ETHBTC which identifies selling $ALT positions at the top of the range (TL RESISTANCE) and buying at the bottom of the range (TREND LINE SUPPORT) I've indentified the correlation using the $LBC chart on...
Waves looking very nice at the bottom of range RSI heavily over sold Histogram divergence If price can form a W im bullish Potential 65% profit to be made
ETH/BTC can be looked at two ways, either as a long term pennant set to close at the end of May 2019, or as a channel between 0.11 (Jan/Feb highs) and 0.55 (April lows).
watching the compression, i assume break to upside likely casper ghost around corners. blah.
The market had a solid step forward yesterday with some very big moves. Today I sit back and wait for the pull back which is in progress. The next 3 hours may offer me what I am after.
A short take on which of the two big boys should be stronger on the upcoming short-term rally. We examine BTC and it's price action vs ETH and its price action.... Time to get ready for a quick pop, to say the least...this pullback is looking solid for entry into another crypto rollercoaster :)
I have been waiting a very long time for this clear higher low and strong trend reversal. Now I have it I can say with conviction that I am a bitcoin bull. I know exactly what I am looking for to be bullish and to see a strong trend reversal, I now have that and explain it in this video.