Ethereumethbtcbitcoinbtcusdbtccny
ETHUSD ETHBTC My thoughts on the direction of ETHIf you look at my last idea, you can see where this idea originates. I think it will break the current resistance at ~45 and continue up to the ~$48-50 resistance mark. I will be selling shares around then because I feel it may go back down to what would be the ~$45 support (or even lower) to finish off the head and shoulders pattern. What do you think?
ETH from his launch to his present, and now?On this chart we have the whole life of ETH and with the blue line of the behavior of BTC.
Since the month of September Ethereum have a free fall tendence, but now are forming a star candle.
The end of the bear era and change the the tendence?
Let we see.
Thanks for your time!
Ethereum price movement and update. BearishA short update on ethereum prices.
Ethereum price has dropped by a good margin and people are plenty bullish. Look at the price action now. Does it look like a bottom? It kind of does with a massive support around 0.023, previous lows. Is there much panic selling? Some, but still low volume. However, the difference is that we are drifting down to these levels where as previously, it was a panic spike down. I am afraid to say this but when people FOMOed hard between the bitfinex ETH ramp, homestead and WSJ article, price movement will equally push to the opposite extreme. Price action is not there yet, volatility is still on the low side (compared to previous weeks). I think a price move on a large red bar with volume will convince me that the bottom is near. But not now.
Disclosure, I have been bearish and short at around 0.027 level. I trade on what I think, not to justify my trade.
I post live trades on twitter and my blog, follow me and my time-stamped trade performance at ibankbitcoins.com @ibankbitcoins