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Ethbtclong

ETH/BTC Just the beginningIf you recall my last ETH/BTC post, it recommended going long at .03 for a longer term hold. the trade is in profit right now, but we still have a ways to go. there are a lot of different ways this could play out. With Constantinople coming out I anticipate we will get a massive move here at the first of January. We'll be targetting this .06 level and possibly the .07. On the weekly chart MACD is starting to climb, RSI is bouncing off it's low indicating a move further to the upside is in the cards. Happy Trading/hodling, -Sherem
Long
by Sherem
1
ETHEREUM - Rounding out it's bottom and preparing to jumpIt has been too long since my last Ethereum post. So without further ado, let's get to it and look at the 4-hour chart. Ethereum has been very bearish for some time and recently surpassed its September low this month to set a new low for this year. However, you can see it has a nice rounded bottom and is on the verge of breaking out to the upside. I set two initial targets, both of which would set up an inverse head and shoulders pattern should they be established as the neckline. But for now, let's watch for a breakout.
by jpbrown1023
2
ETHBTC LONGWe are approaching the bottom of the descending wedge I have been looking at on ETHUSD. I wouldn't be surprised if we reach the bottom of the support level before breaking out of the wedge pattern. I also posted a short term wedge pattern on the 1D chart on the right, which could kick off the rise of ETH if we break above this pattern. REMEMBER wedge patterns are only valid once we BREAK and CLOSE above the pattern on their respected time frames. This mean that in order to enter a trade based on these patterns we must wait for the break and close. If you guys enjoy these ideas, follow me for more. Also if anyone has questions about this idea or trading in general feel free to comment down below or message me! :)
Long
by nick203
$ETH #ETHBTC Daily Technical Analysis - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's daily TA. Today the TA has been requested by the traders of School of Sparta, we are taking a look at ETHBTC on the exchange Bittrex to see if it a good point to buy right now or not. The equivalent to the Bittrex ETHBTC price would be on BitMex the contract ETHZ18. Against BTC value ETH has just had the worst months ever and the question right now is, will Ethereum bounce or will it fall even more? We will answer this question with an extensive technical analysis in the following. Using again, Horizontal support and resistance lines/zones, trend-lines, trend-angles as the main source of TA. Indicators are added at the end to confirm the findings. Lets jump straight into it. The first thing falls immediately in my eyes is that we have now finally found a pretty nice support zone, that we saw ETHBTC actually bounce from and not just have small bounce and then break down almost right after it. Seeing this, makes finally sense to start any kind of TA. After finally bouncing we have indicated a pretty strong buy-zone for ETHBTC. Within this buy-zone there have been multiple opportunities to LONG or BUY ETHBTC and sell it again with some nice small gains, especially with leverage. The selling points are basically throughout valid and are in the form of a horizontal support, indicated here with the dotted lines. Now, continuing to surprisingly very few trend-lines and trend angles especially on such a "big" coin. The lack of possible and obvious repeating trend angles indicates a lack of "staying" traders. It is more an indication that people hop in and out of it to make "a quick buck" which is not wrong, especially when we have such an obvious and strong "rinse and repeat" trading zone for it. I am teaching about rinse-repeat trades on our group of course, where and how to find it. Anyhow, the only very obvious trend-angle I was able to find was an downtrend which is actually valid since multiple months (indicated with the big red downtrend line). Everything has been bouncing up to it and then getting rejected. Now, we are in a position where we are very near to the downtrend resistance line YET not because of bounce but because of a sideway movement. Normally, (as we also see with a lot of coins) this boy should have crashed way before but is has not and it is going sideways, while staying at the same support buy-zone and just waiting for a move. This is what you normally would call "ACCUMULATION".. How does this accumulation work? Well, taking a look to many other markets, this type of price movement ends when the accumulating capital is "gone" (in the coin) and then everyone who has been accumulating starts pushing it. There you most likely see an impulse move upwards, followed by a small take-profit movement by the accumulators and then the next big impulse move by FOMOers and new people gaining attention to it. HERE comes a very interesting fact into consideration.. the flat price but constantly rising RSI from below 20 points all the way up to 50 points and even above. THIS is what you would normally call a bullish divergence, which then again is also and indication for a soon impulse move. BUT FOMO is showing sell and StochRSI is going down, why do you want to long? I would say, be happy that it is going down a little so you can fill your nice entry orders and then thank me later. Just because indicators are going down, you have to know in what case it is only for filling your orders and in what case it is actually trending down. In this case we have not a trend down but rather a hidden trend upwards. Is it already over will it moon NOW? Most likely not. Give it a few days and then lets see where the price is then.. as long as Bitcoin is not having another bigger move down, we will have a nice push on all coins upwards. So based on the TA above I am making a trade call of ETHBTC / ETHZ18 LONG (max 10x) Staggers - 3125 - 3100 - 3050 3015 Targets - 3215 - 3333 - 3600 - 4000 Stop Loss 2950 Long term and low leverage would be 5350 a good target. Should Stop Loss hit, it will most likely go to 2675 and bounce there again (long opportunity). Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
Long
by KongTrading
1
Ethereum - A Crypto Markets Catalyst?Ethereum has always kind of been serving as a catalyst for the altcoins market. And if ETH starts to move up, you can bet that many of the ERC20 tokens and some of the other altcoins will follow as well, and even faster than ETH. Volumes - if we look at the Binance chart, the place where ETH is most traded - is showing a climax bottom If a market arrives on a new low while volumes reach a new high, then this hollow has good chances of being retested , or even overrun. A climax bottom is almost everytime retested upon low volumes, offering an excellent buy opportunity. Also, we can see this kind of pattern happening before, creating an upwards volume curve before the storm. Stochastic - On the weekly, stochastic is extremely bullish. There is a lot of room for price to make up from its losses. If it can keep its price around 35000 Satoshis it will be a sign of an upcoming uptrend towards the 50 days moving average which is at 45k satoshis or even higher. But what is also going to bring the price higher is CBOE Launching futures contract in the upcoming months , a recent News that could bring new players into the game. Thank you for reading, leaving likes and commenting. My Website: blockchainfiesta.com
Long
by cyatophilum
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