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ETHXBT

ETHCNY: Value of Ethereum in RMB is interesting to monitorWe can clearly see when there is smart money interest in Ethereum, simply by watching this chart. Liquidity is nowhere to be found lately, which is reflected in choppy price action. I anticipate a slow grind back to the DAO hack kev level above, for the time being, which is why I'm holding longs, without leverage or margin. I'd be interested in seeing liquidity step in, to be able to trade Ethereum more frequently, since right now, it's clear the market is awaiting fundamental news. The recent fork announcement has been beneficial for bulls, and will likely propel ETH back up to pre-hack levels. If this is to materialize, I'd reduce my long positions or book profits, to then reasess after the dust settles. If price drops back under the lower blue line on this chart, I'd reccomend closing ETH longs and waiting to buy it lower. 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.
Long
by IvanLabrie
ETHUSD: Fundamentals improving, uptrend resumingETHUSD has a very nice chart setup, showing proof that bulls stepped in right around the Key level associated with the DAO crowdsale announcement, where major players and new money came into ETH pairs, making ETHUSD and ETHXBT rally as a result of the increase in speculative interest in it, and its love-child, the DAO (descentralized autonomous organization). The weekly chart is clear as well, and presents a sound technical argument for further upside, so, I'm holding the longs I'm in from around the 10 handle, give or take. If you're not long, you can jump in now, and risk one average daily range below the key level to be extra safe. Minimum target would be a retest of the DAO hack key level above, from where the fundamental damage, eroded buyers confidence, sending the pair down rapidly, although, with very little follow through. An excellent buying opportunity... Once we break over the highs, we could continue to march even higher, fulfilling one of the potential weekly uptrend targets on chart. See comments for the weekly setup. 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 0.02% on such information.
KRAKEN:ETHUSDLong
by IvanLabrie
ETH can die nowThe hard fork was a success. i've been hearing a lot of people saying that if the hard fork succeeded then that was gonna be ultra bullish and all of that. Well guess what, the chart says we go down now. Huge bear Div, plus around 200Million dollars worth of ETH just got back in the market and that creates pressure on the selling. Also there is an Harmonic Three Drive bearish pattern. Stop loss at the moment is 0.0203 or a little above the cloud resistance Entry anything above or close to 0.019 Be safe
Short
by lomaxrex
3
ETH, go hard fork yourself :)Hi all! Today we will short ETH from 1850-1950, depends where u got in -> hold the short or enter now at 1875. Entry: 1850-1950 1st tgt: 1610 ~ where the fake rally started from. 2nd tgt: 1410 ~ previous support. Stop-loss: 2000 TA in the chart. Bull flag for exit-pump completed perfect. Doji on 4h -> signals potential reversal. Confirmation from RSI, KDJ and DMI is about to happen soon, very likely. FA: Hard fork has happened and the new chain where dao is refunded has won . Ethereum Classic is still running and has its own community . 12mm ether is being refunded and exchanges are about to re-open eth deposits. While we can chant that the evil hacker guy was beaten, celebrations will last briefly. This is our first Hard Fork and brings nothing good for the community. Expect ETH to be mocked and taken less seriously by investors. Seeing how easy it was to do a hard-fork, this provides a potential instability and fear for the ecosystem, dapp developers and investors. Expensive infrastructure and dapps were expected to be built on ETH, even banking systems. But a possibility of another HF brings in a huge risk that some institutions will not be willing to undertake. People invested in Dao, not Eth. Their funds were almost lost because of a fault in computer code. Why would they hold investment in eth? they invested in dao. Why would they hold eth just to reinvest into another computer code based dao to get hacked again? they got burned once, mistake should not be repeated. I expect they write a Thank you letter to God and dump in alahu akbar style. I expect capital to flow away from eth in the near-term and the long-term. At least until we see a first major successful dapp that doesn't get hacked. Happy trading!
Short
by MarcelV
15
ETHXBT A safe play away from BrexitMy guess is the cryptos are the furthest from Brexit. This is looking like an extended correction may be over or close to it. Although it looks like a strong move away the MACD is suggesting a bit more down. I will be looking for a bit more up and then a break of the 4 hr (blue) trendline. Followed by a drop down to the 7-9 area. That should be it and a strong move up to eclipse the recent high. I am suggesting it may hit 45. On the other hand the MACD is not all some make it out to be and we may already be in the move up. If price breaks the minor daily trend line I will look for a little flag and buy the break of that flag. Educate yourself, create a trade plan, Validate your trades with other traders ideas. Own your trades and take credit or responsibility. “To rise to the top of any field you only have to get the better of one person, yourself” K. Hamilton Proudman
Long
by nahidik
ETHEUR: UpdateWe had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO. Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines). Technically speaking, I think the uptrend isn't ready to resume in full force, since we don't have sufficient time spent at these upper echelons (can't blame me for using the term :) ) to prove that there is re-accumulation before uptrend continuation as per the 'Time at mode' rules. That being said, for as long as we're making 1 new high every 5 bars, we're technically in an uptrend, and for as long as the red dashed speed line holds, bulls are still present in this pair. For now, I reccomend holding ETH if you own any, if you were margin called out of your positions (like I was), sadly you're out with some loss. This brings me to the topic of leverage and crypto trading. If you consider the average volatility these instruments have, paired with the exchanges' problems, right at the worst possible time, you can conclude that is better to just buy the coins with cash, withdraw from the exchange and wait to sell when your price targets are hit, which will force you to adopt smaller position sizes, and trade from a longer term perspective. I hope you found this useful, I'll keep updating this chart once I see clear signs of the uptrend resuming. Check out my updated track record here: pastebin.com If interested in my trading signals, 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 reliance0.57% on such information.
by IvanLabrie
19
DAO´dWell, needless to saj. The DAO quite disrupted our pan there... Pah! I do not share the overly negative reactions to this pretty much "minor" (in crypto standards) incident which has been managed and handled very professional by the Ethereum developers. Nayways, ATH is obv canceled in the projected time period. Quite the contrary, values in the low 1400s seem to have become the destination under the current circumstances. Looking for a nice short entry... Target: low 1400s Happy Tarding... And be kind to one another..
Short
by khun
4