Get started

ETHXBT

Great entrance for ETH ShortHi All, After our successful long position from 1540 to 1750, we are now going to short. Because we are still in massive Behemoth down-trend, we will have two targets for our short. One medium-term, one long-term. Entry: 1730-1760 1st tgt: 1520 2nd tgt: 1124 Stop-loss: 1850 -> I believe the upside is limited from here. Anyways, 1850 would break major trend-line & invalidate our trade. TA: Strong Bearish Divergence. Double rejection of 70% RSI. Intermediate trend-line hit. My opinion is BTC will continue its uptrend after today's massive shake-out (which every1 waited for to happen). FA: DAO launch was false rumour: twitter.com For more fundamental and technical analysis, read Behemoth short, which we are biasing all our subsequent trade ideas on! Happy trading! :)
Short
by MarcelV
31
ETH intermediate bottom has been formed!Hi all Followers, Today we are going to take a long position with a very nice R/R. Entry :1540 Target: 1900 Stop-loss: 1500. There have not been many opportunities lately in ETH from TA point of view, other than the long-term short I posted in Behemoth analysis, up until now. TA: A strong bottom at 1500 has been found and established, turning previous massive resistance from February into our rock-solid launchpad. There has been extraordinarily high volume on the sells and yet Bullish Divergence has been created. Those are signals you want to see before a reversal, and they are here in their purest form. During today's rise of bitcoin from CNY 3000 to CNY 3027 (new highs!), ETH held very strong and has not dropped. This signals a strong underlying market structure. Red trendline has not been visited in a long time and we have ventured far away from clouds as well. Time to visit the old friends. The rest of the TA is explained in the chart. FA: There have been numerous news and rumours that emerged in the past 24 hours, all of which are very positive. The following are big ones: blog.kraken.com blog.slock.it www.reddit.com Happy trading! :)
Long
by MarcelV
14
Minimal-risk short opportunityHi guys, A quick chart! Our Behemoth short is still valid. Looking at the recent development, I feel confident enough to pronounce this as a good short opportunity for those who are not short yet. I myself have added a considerable amount of shorts at 2250. The trend line is holding. It's breakout is our hard stop-loss. (In Behemoth I marked it at 2250 price level, but we rose too fast, the trend line is still at 2300 .) Target is 1124 . Ok, now why would you want to short this? From 1H TA perspective: First, we have the strong trend-line which has never been broken before. Second, there is a great Bearish DIV on RSI. Third, KDJ is showing overbought and turning red. Fourth, the infamous H&S pattern seems to be reaching its completion -> the pattern sux and so I think it won't complete fully. Happy trading! P.S. For more analysis on ETH, read-up on the latest long-term chart:
Short
by MarcelV
9
Ethereum, First sell off the Awareness Phase Personally, I like what Ethereum has been doing. Decentralized apps have been making me very excited lately as I have begun to learn Solidarity. Anyway, a look at ETHUSD on a Log Scale shows very impressive growth over a short time frame, some may even call it a bubble in price. I would like to argue that since we are currently down ~50% from lifetime high's, that perhaps the bounce at the 50% retrace would suggest that the recent drawback is only the first wave in the bubble cycle; namely this is the first sell off during the awareness phase. Logically, that would imply the next uptrend will be the "Mania Phase". I could spend a long time writing my thoughts about Ethereum, but I am more interested in responding to your comments, please let me know how you feel about this recent sell off and Ethereum in general!
KRAKEN:ETHUSDLong
by Rashad
1
Behemoth short - sell the news #2Hi all, We took short today from 2006, which went fine. Second thoughts were dispersed when 3-day triangle went south. Following a nice 25% recovery from 1650, psychological level 2000 failed to hold. Scheduled sell-off is going to take control from here. Expect strong bear trend continuation, with acceleration towards 1124 target. Technical analysis is explained in the chart: Kumo, AO, RSI, DMI = bear! Gann, Fibo reveal the target. Fundamental analysis: - btc is rising - 33K gas created every day and in pos it will be 165K - money is moving to older exchanges like BTCe right now. Expect pump on older alts like LTC, PPC, NMC - whale capital is leaving polo - still unresolved technical / inflational issues - sell the news article - ETH inflation rate per year in POS 100%. So 180 million tokens by end of 2017. When to short? If you followed today's idea, you shorted at 2006. If not, now is a good time to short from 1935. Triangle was broken and as such, downtrend continuation is confirmed = less risk. Soft stop-loss: 2000 Hard stop-loss: 2250 (trendline break) -> would signal a bull market. Until then, this is bear market. Happy trading!
Short
by MarcelV
13