Ethsetup
BTC Outrunning ETH - Prime EthBTC Opportunity Could AriseIf Bitcoin continues to outrun Eth we'll see Eth undervalued in comparison to BTC. If the price of Eth drops to 29k Sats look to scoop cheap Eth with both Bitcoin and USD(t). Exit back into BTC when ETH/BTC retests recent highs. Longer terms trade - looking at 3- 12 weeks to unfold if the opportunity presents itself.
ETH/USD LONG SET UP TO $196Title :ETH/USD BUY LIMIT ORDER
Asset : Crypto
Symbol : ETH/USD
Type : Limit Order
Time Frame : 2hr
Entry Price 1 : $153.86
Entry Price 2 : $148.46
Stop Loss : $143.86
Take Profit 1: $164.86
Take Profit 2 : $174.46
Take Profit 3: $186.86
Take Profit 4: $196.46
Technical Support is expected around 153.22/ 149.31/ 146.77 with Stops expected below.
Technical Resistance is expected around 176.82/ 177.39/ 196.54 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Ethereum ETHUSD LONG 1 HR CHart but watch 289.00#BTCUSD #Bitcoin #ETHUSD #Ethereum
Hello to all watching my charts
Lets have a look now to Ethereum ETHUSD today.
Its still a long situation with higher highs and higher lows
but the long trend is not really running.
Its very slowly and my shorttime channel is nearly flat now
(please check the purple lines ).
The longtime channel is in long mode , so we do have a chance
to go long further, but watch out the level of
289.00 (BLACK LINE)
If these support breaks, i would stopp all longs at once
and maybe jump direct to the short side.
Lets talk tomorrow how it is developing.
If you want to support my work and my charts please like them...
Good trades
Renkotrade
ETH, triangle or ABC?Hi guys, although this is getting boring, at the same time the price has printed the way that we are going to follow soon, so you can be quiet just by placing yourself correctly in the market. Many think that we are leaving the bear territory and mooning just because alts did a very good performance in the last couple of months, but how many time have we seen it? Don´t play fundamentals, it doesn´t work well on cryptos, at least not until we have a massive adoption of Bitcoin.
In order to have an impulsive wave from 15 December, we shouldn´t have such corrections almost hitting 78.6 fibo retrace. When that happens, there is only 2 things that can play out, a big ABC correction or a triangle correction. We don´t know yet wether is one thing or the other until a whale come and move the market again. That will happen most probably on Monday/Tuesday, since I expect a boring weekend, so once the whale move the price just a bit we will know what´s next.
Then, what you should do now? If you see my charts, either we finish a big C and we go to around $170-180 territory or we go down from now, so the most practical thing to do is entering short 50% here and place a few orders completing another 50% from 170 to 180. When I mean 50% is not 50% of your capital, is 50% of what you trade for 1 position, let´s say if you trade 5% your capital in 1 position, place 2.5% here and 2.5% divided between 170 and 180.
I will update frequently this idea since after this correction up we may start to see a huge market decline bringing us to new yearly lows.
$ETH WILL BE Rise Again! But When?1. Bear market has surpress a lot of assets in this game, including Ethereum
2. ETH is one the most scalable until now, it's hard to replace them unless they are not fixing their problem
3. Most ICO selling their ETH, that makes other additional down ward pushes for ETH
4. Some of token on the Ethereum network changing lane and make their own network. To name a few: Tron, POA, etc
5. ETH has some issues back then that proven was a fatal mistake. ETH making progress towards it as they starting to develop ETH V.2
6. ETH actually really having quite issues, the original ETH is then called as Ethereum Classic
7. Chart is so oversold at the moment, but due to BTC volatility, still wanted to see a few downward to 190-ish range. Very unlikely and very likely. Just watch the market. It should make a double bottom as confirmation... but yeah, well, market bow to nobody, unless you have big cash.
8. Up there is my opinion towards ETH market condition until the next bull run, it could be any month from now on to mid 2019.
9. Support me by sharing this idea, giving your likes, comment below and follow me
Trade safe!