ETHEUR: Long term uptrend updateIn my previous chart, in related ideas, I had outlined a set of conditionals that had to pan out for confirmation of further upside in ETH. For now, we're seeing a myriad of bullish signals, and most of the different conditions are becoming true.
If we manage to hit 13.2332 during February, we will have full confirmation of a monthly advance that can take us up by over 2000%, or even 2700% eventually. I'm holding longs from the 8.23usd mark, and
I recently added, by taking profits from part of my 80% account Bitcoin long at 0.01102:
I think we can hit the DAO hack key level soon, which would have us hit the required bullish target to trigger the monthly advance signal. There's also a 3-day timeframe bullish signal which suggests we can hit over 17 euros soon, so, I think all pieces align for this move to happen now.
Good luck if you're long with me. If you want to receive more specific alerts and signals, send me a pm.
Cheers,
Ivan Labrie.
ETHEUR
ETHEUR: Above the monthly resistanceIf Ethereum holds here and holds the uptrend speed line it could be breaking out and rallying to the target on time. If it doesn't hold the trendline and goes back under the monthly mode (blue box), it'll continue to consolidate until it has gathered enough strength to break out.
The implications are bullish, so I'm holding either way, but it'd be interesting to see how the price action evolves here.
Keep an eye on it, if not in, look to buy gradually over a week or two until you own 20% of your account's worth in ETH. The ETHBTC chart is promising, and has low risk, so, it'd be a good opportunity to exchange some BTC for it after the rally in Bitcoin.
Cheers,
Ivan Labrie.
ETHEUR: Long term viewETHEUR is acting very strong but has faced a logical level to top at for now. What I'm interested in seeing is how the consolidation develops, and wether we go back down to 7.80 or lower after the daily 'Time at mode' uptrend signal forecasted time duration ends. If we don't, and we hold up in this zone, we could be coiling, forming an accumulation base, before moving higher, above the long term uptrend 'mode', which can take give or take 3 months.
Keep an eye on the daily downtrend 'speed-line'. Currently, we have already broken above the linear regression channel top, and hit the daily 'Time at mode' uptrend signal's targets #1 and #2, so, we need to be patient. I consider it viable for ETH to break higher and resume the long term uptrend, and I have a very good entry on average at the 7.850 mark, so I'll be extremely patient and monitor how the signals develop in the short and intermediate trend, to determine if our long term idea has wings. Currently holding a 20% account position.
Good luck, don't use leverage, and be patient.
Cheers,
Ivan Labrie.
ETHEUR: Fiat chart looks strongIf we break out here we'll get a confirmation in the daily timeframe, although I suspect that we will remain sideways for longer, forming an accumulation range until the market is ready to advance.
If we hold in this zone, we have more than enough reasons to hold our long term longs, and once the trend fires, we can focus on intermediate term and short term trading signals to complement our investment/position trade.
Potential upside in the short term matches the monthly mode resistance, so it is extremely logical and likely to see price go back to the 10 handle or close. I'm interested in seeing if we eventually break it, and hold above, to confirm further, potentially incredible upside over time.
Good luck,
Ivan Labrie.
ETH Buy the rumour, Sell the news #3!Hi All!
Today we short with the Whales!
Entry: 1230
Target: 1000
We have had a very cool 50% up rally thanks to Enterprise Ethereum ( link) and BTC drop .
However:
Official EE announcement comes in Late February
BTC will recover. PBOC is fudding. BTCC says: BUY BITCOIN!
I suggest we wait for the late February official announcement before we get bullish again. Of course we long it a week or two before, as we buy rumour sell the news.
Happy trading! ;)
ETH: Gradually building a 20% account positionI'm buying Ethereum gradually with BTC over two weeks. I think we'll form a strong base and rally once again, after having bottomed at the low volume support in the weekly chart here, in the fiat chart.
RgMov shows an uptrend, we got oversold, broke the recent downtrend linear regression channel not only made a new weekly high but also expanded the weekly range.
If we break above the uptrend mode, we'll be in good shape to rally over the 100 handle here in the long term, so, don't miss out on accumulating longs here, specially if you missed the first rally before the giant sideways consolidation phase.
If you have insights regarding fundamentals for this move, or any comments, leave them below.
Good luck and happy new year!
Ivan Labrie.
ETHEUR: Update - Longs viableWe can take the long side here with low risk. Size it to fit 0.5 to 3% risk, if price drops against you by 1.9 euros.
Each coin you buy, your risk is 1.9 eur basically. For example, if your account is worth 10k Eur, you can buy a maximum of 157 ETH, which I'd reccomend you buy over a week or two, entering gradually. Split the purchase between a few days, amp up the size on drops, until you have a full position, if not, simply add the same amount gradually. A good time to buy is earlier in the day (5am in Shanghai), which usually aligns with the start of chinese activity in BTC, each day.
Cheers,
Ivan Labrie.
ETHEUR: Go long at marketI think ETH has fallen enough here. The euro value of it will turn around, since it has hit the levels associated with the Bitfinex hack.
If it doesn't go to 5.96710 within the next 2 months, we could see a monthly scale rally in it, probably due to a change in fundamentals.
It's good to see buyers step in here, so, it only takes an increase in activity, and some fundamental news to stage a rally. It's oversold enough, potentially. If you want to buy, you can risk a drop to 5.9671 and enter a 0.5-1% risk long here. Weekly charts show an uptrend, so on any new weekly high, we could see a rally take off.
Good luck,
Ivan Labrie.
ETHEUR: Position trade ideaWe can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, 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 reliance on such information.
ETHEUR: DAO Hack and Crowdsale key levelsThe DAO key levels are acting as a guiding light in the land of ETH. It seems the smart money likes to make buyers drown before sending ETH back up. The average time they can hold their breath 'under water' is 5 bars. Let's see if that's the case this time. I'm holding longs and expecting another test of the resistance up next.
For this type of instrument, stops are problematic, and it's simply wiser to adjust size based on the average true range value of your trading timeframe.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, 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 reliance on such information.
ETH: Fiat pairs are in an uptrendWe can obtain good information from plotting the product of ETHXBT and BTCUSD or BTCCNY, specially since some of the ETH fiat pairs are not too liquid (worst offenders are the USD pairs).
The weekly has finally confirmed an uptrend continuation setup, so I expect the move up to be really intense.
Try to be in and don't miss out. You can buy half at market, and buy the rest of your position if we get a dip to support. Since we have hit the DAO hack resistance we could see a small dip before marching higher again. Stop losses should go under this week's low to be extra safe. You could opt for using last week's close as your stop too, which would be more aggressive. Any move under the triangle apex on chart would warrant 'buying the dip', keep an eye on it.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, 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 reliance on such information.