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ETHXBT

SHORT SET UP ON ETHXBT 15M TIMEFRAMEHello fellows! I want to share with you my first set up on a real movement in ETHXBT-2.26% , I will be publishing more in order to receive reviews to improve my set ups and thus my trading performance in the future We will split our trade in 4 targets in order to maximize and ensure our potential profit. 1º Target Risk/Reward Ratio 2.5. Target level 0.382 Fibbonaci retracement B C-1.26% . 2º Target Risk/Reward Ratio 4. Target level 0.618 Fibbonaci retracement BC-1.26% . 3º Target Risk/Reward Ratio 6. Target level 0.886 Fibbonaci retracement BC-1.26% . 4º Target Risk/Reward Ratio 8.5. Target level 1.272 Fibbonaci extension AB. *Pro Tip, place your take profits limits orders just before target leves in order to not stay out
Short
by CryptoSpain
Bull flag or Bull trap?Previous price action has been lots of manipulation with low volume since we reach 0.023 Top could be much higher than anticipated. I would suggest going long around 0.0205 with stop loss 0.0203 Targeting 0.0216 primarily Im making a long from 0.0203 to 0.0216 primary after that we need to watch the signals. if price shows much force and power this could turn out to be a big Bull flag on the 4Hr time frame. So ultimate target could be 0.026 Also 3D chart and 1D are showing bullish signs. 1D could go inside cloud giving push to 0.026 in the upcoming week Trade with caution, be safe.
Long
by lomaxrex
5
A vote for ETH and a vote against XBT in the short term.ETH has broken out of its 4 hr structure and rallied as expected. Now a nice retracement has almost completed. It has the look of wanting to go long as much as the XBT looks like it wants to go short. However looks don't make a trade. Watch for a pull back to the .500 where you find a trend line and strong support area. I will look for signals to go long at this level. Otherwise a break and close above the purple line with some consolidation. If on the other hand it breaks below the .618 and blue 4 hr TL, there is not much to stop it until 1650.
Long
by nahidik
Fear & overreaction? Off to Goblin Town!Hi all! We are in crazy times. The unbreakable trendline has been breached and many people are claiming that new uptrend is starting for ETH. What a wonderful time to open a short at a crazy price ^^ Market participants have succumbed to fear & overreacted (especially shorters). The DAO spam has probably blinded many, but the real reason price got this high was due to short squeeze & margin liquidations + chart painting to finish Bull Flag. FA: Slock.it The DAO has cooled . First it was 100k / hour, now it's ~ 2-10k / hour, 5k avg. Too much anticipation of buy pressure on ETH due to The DAO -> it will not sustain, forget figures such as 5 million ether. It will be max 2 million ether. BTC Relay allows for currency-agnostic usage of Ethereum blockchain & DAPPs (Bitcoin, Doge, ...). ETH token will lose it's main intrinsic value (being the requirement to enter DAPPs world). Vitalik himself has numerous times stated that Ethereum is the future, yet Ether is not a storage of value, just "gas". Digix DAO will start selling ETH. We just don't know when, yet. The DAO will start selling ETH too, and from a pump will become our fuel to goblin town. We just don't know when, yet. Bitcoin community has yet again been a victim to chaos & FUDs today. Will the real Nakamoto please stand up? We all know the story... but what's important, there hasn't been a strong dump. And there usually is. Why not today? Given the fact that Gavin Andresen had his committer rights revoked , etc... we can only state that the underlying market structure of Bitcoin is strong and thus Bitcoin is a buy. -> BTC price will rise soon. Expect negative impact on eth/xbt price. I believe that BTC Relay will bring Ether token price down a lot over the coming weeks. It allows using Ethereum without the need to own Ether. Find a spot to short eth you are comfortable with. Some more confirmations would be wanted from TA point of view before entering a position, unless you are seasoned trader. For explanation, see chart. A bounce is expected once hitting the red trendline. Once its broken, it is OTE short zone. Shorting anything above it is less certain, but comes with more potential profit. For EW fanatics, I like this jesse charts .. Happy trading! :-)
Short
by MarcelV
40
Triangular formationHi all, After our successful long from ~ 1630 to ~ 1730, we are now more comfortable in declaring the current situation as a Triangular formation. See all explanation in chart :-) Do not go all in, I don't have exact targets nor stop-loss for this trade yet. It is possible it could fake out to the top due to thin order books. So, stay relaxed... Keep in mind, we are also in long-term downtrend, as per Behemoth analysis. Happy trading! :) P.S. If you wanna invite me for a coffee over the internetz, blockchain.info
Short
by MarcelV
9