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Ethbtcforecast

ETH/BTC strong incentive to go longETH/BTC has just reached strong resistance level in 0.031 area, which is very strong incentive to go long to 0.035 level. According to Mati Greenspan, a Senior Market Analyst at eToro explained that Bitcoin dominance is falling and that altseason is “upon us.” Bitcoin’s market dominance is falling in the past days as we can see in the chart. In just three months, several altcoins were able to register impressive growth. The gains show that there was an interest to move away from Bitcoin to other altcoins. And as Bitcoin traded sideways, participants in the market had confidence in the altcoin market. Therefore, it is a great chance to jump into altcoins train and go along with ETH. Risk/Reward ratio - 4.81% Stop Loss - 0.031 or below 0.031 (depends on your tolerable risk level) Take Profit - 0.035 Trade wisely and best of luck!
Long
by CryptoNotic
ETH/BTC - Good position - Long or short?Currently Market is under Symmetrical Triangle , a possibility of the breakout is there. Waves indicated by the arrow in the chart. Grey box represents a good rejection range and will take support nearby 0.037 BTC and if the pattern fails then blue box represents good support range. Final target already indicated in chart. If the market will not directly break the pattern then may it test the level of 0.0355 which also golden ratio of 0.32 fib. Recommendation for leverage Trader: If there is a decent profit of 5-20% then book that profit. Don't hodl for longer duration.
Long
by Bitcoinik
ETH 1 HR - TRIANGLE OF DEATH INCOMING!!!! ;( CRUSHED!Hello All, We have just seen a dump prior to the futures expiration. As I type the market continues to collapse, and the Triangle of death has been broken. To all those out there I do not like to knife catch and you all should be wary and tread carefully. This is rough and I will keep an eye out for conditions to improve. We are trending on a death zone , lets pray for the market not to fall in. After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis. Please follow me and give me a like as I continue my adventures in the Crypto Markets. Comments and Discussion are always welcome as the views of the many trump the opinions of the few. This is my own personal analysis and I do not give financial advice.
BITFINEX:ETHUSD
by jadz61
2
ETHEREUM - END OF ANOTHER MARKET CYCLE? WHAT TO EXPECT NOW?The market cycle which started in the late March- early April with accumulation, is now approaching it's end with the final markdown phase. Possible reversal may occur here. A new cycle can start here with a new accumulation phase with a plenty of upside potential. On the downside, if it continues to fall then i see a support somewhere around 0.0498. If it pierces southward to this, the last zone of defense lies in the range 0.0436-0.400. Beyond that, it's a free fall territory. For those who have no idea about market cycle, read on. The Four Phases of a Market Cycle 1. Accumulation Phase This phase occurs after the market has bottomed and the innovators (corporate insiders and a few value investors) and early adopters (smart money managers and experienced traders) begin to buy, figuring the worst is over. At this phase, valuations are very attractive, and general market sentiment is still bearish. In the accumulation phase, prices have flattened and for every seller throwing in the towel, someone is there to pick it up at a healthy discount. 2. Mark-Up Phase At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes technicians who, seeing the market is putting in higher lows and higher highs, recognize market direction and sentiment have changed. Media stories begin to discuss the possibility that the worst is over, but unemployment continues to rise, as do reports of layoffs in many sectors. As this phase matures, more investors jump on the bandwagon as fear of being in the market is supplanted by greed and the fear of being left out. As this phase begins to come to an end, the late majority jump in and market volumes begin to increase substantially. At this point, the greater fool theory prevails. Valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are unloading. But as prices begin to level off, or as the rise slows down, those laggards who have been sitting on the sidelines see this as a buying opportunity and jump in en masse. Prices make one last parabolic move, known in technical analysis as a selling climax, when the largest gains in the shortest periods often occur. 3. Distribution Phase In the third phase of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months. When this phase is over, the market reverses direction. 4. Mark-Down Phase The fourth and final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold, refusing to let go in the vain hope of being rescued. It is only when the market has plunged 50% or more that the laggards, many of whom bought during the distribution or early markdown phase, give up or capitulate. Unfortunately, this is a buy signal for early innovators and a sign that a bottom is imminent. But alas, it is new investors who will buy the depreciated investment during the next accumulation phase and enjoy the next mark-up. Timing A cycle can last anywhere from a few weeks to a number of years, depending on the market in question and the time horizon at which you are looking. A day trader using five-minute bars may see four or more complete cycles per day while, for a real estate investor, a cycle may last 18-20 years. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
ETHEREUM SHORT!Ethereum is one of the coins which tend to go the opposite direction of Bitcoin so as I was expecting BTC to breakout soon and I decided to checkout and what I see is a movement down , RSI overbought bearish signal, Elliot Wave Oscillator looking to make one more small red wave before ETH goes green so a downward movement is anticipated.. So my advice to my ETH hodlers or traders sell now buy back 0.0671 BTC and make money ! Don't forget to put a stop loss(buy-back) at 0.0729 BTC because if the market goes green then ETH might just follow the market. However there are a lot of bearish signals so my position is short now. Good Luck, Traders!
by farhadjafarov7
ETHBTC Global Forecast 2018y.Hello Traders! Glad to present global EWA/EWP analysis concerning ETHBTC by Zarina Tengri. Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. Join us! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
Long
by POWERFUL_TRADERS