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ETHXBT

Buy the rumour, sell the newsETH bounced from last significant FIB Speed trendline and is now touching the top of the triangle. A few minutes ago, Coinbase released the news which was leaked two days ago from Google cache. Visual Studio supports Ethereum. ,,Buy the rumour, sell the news." Trader Bible, pp. 1 I am going short here. It is a very risky trade with not that high chance for success, but with very nice Risk/Reward. Entry: 2940 - 2990 1st tgt 2150 2nd tgt 1590 - 61.8% fib retracement Stop loss - around 3000, might be careful for stoploss hunt. For more insight on bearish bias, see previous analysis. Happy trading! www.coindesk.com
Short
by MarcelV
6
Styx calling names... GAS..."Gas, you are awaited." Styx It seems like eth is done. After a paid bullish article in NYTimes, eth cought its last bullish breath. - Trendline was broken, yet hammered on 4h. -> should have burst upwards, did not. - AO, ADX, RSI failed to confirm bull. KDJ signalling overbought. - Kumo proved to be resistance. - With no bullish news ahead of us, this is the OTE short zone. As can be seen on the following graph, whale capital is leaving Poloniex wallet aka moving to BTC: www.bitcoinrichlist.com ETH unfortunately has been facing some technical issues lately, e.g.: twitter.com Perfect trade is ahead of us. 1st target 2250, 2nd target 1850. Soft stop loss 2830. Hard stop loss 2950-3050. Time to sell this overpriced gas :) Happy trading!
Short
by MarcelV
1
Ether breakout tradeI posit that we will see another all time high in the near future on ethereum as the structure here is not indicative of a bubble popping but a consolidation triangle pattern which is now ending. The trend changed on the last bounce off of support at .02 and as this is a continuation pattern it is reasonable to infer that another all time high is coming in fairly short order. The fundamental reason for this new wave of money flowing into ethereum is the recent NYT article bringing new interest to the currency.
Long
by Doingit
2
Bulls giving up hope on ETH Cloud is gone Trendline is gone Bullish attempts were extremely weak, only moving price when order book was at its thinnest (desperate). Confirmation for this is seen in RSI. Oversold KDJ during 24th and 26th gave bulls a chance between 26th and 27th... now it's bears turn again. Combined with the massive sell orders we've been seeing on Polo, the bear is strong with eth. Where to short? Anywhere between 2600-2650, lower is safer to not miss out, higher is better RR. I distributed into several sell orders. Plus, you have to take into account that BTC is bullish... and the sentiment in chat seems rather bullish. Today's Published idea by LastBattle appeals to me: . Plus, whales are entering XMR and getting ready to enter Lisk. Btw... while writing this idea, price dropped from 2600 to 2580. I still suggest trying to short higher. We are having some chop attempts and the amount of buy orders till 2500 is heavy, so small bounces are to be expected. Happy trading!
Short
by MarcelV
1
ETH holding on by a thread hereYesterday we predicted that 0.02500 is a support, everyone who longed there could make nice profits closing between 2600 - 2700 and if followed me in "Bitcoin" chat room, could see my announcement that we are in no trend now and this is a chop zone. Buy 2500-2550, Sell 2600 - 2700. Turned out to be highly profitable. Right now, it is best time to exit the longs if you haven't done so yet. 2650 was a "test zone". However, it met no support . Instead, manipulators abused thin order books and squeezed many shorters out. The whales do not want the "weak hands" to be onboard of the Titanic, because those take profits too early and would slow the dump. Indicators not saying too much now, Ichimoku providing last support. Observing the price action at poloniex today, I saw manipulators taking advantage of thin order book, and moving price from 2600 to 2670 buy a single 1700 eth buy, which is very low. Then, they dumped into the panic buyers. No support provided at key points like 2650 or 2600. This will sink, eventually, when enough weak hands have been shaken out.
Short
by MarcelV
7
ETHXBT looking for further downside this Easter?This 4 hour chart setup hypothesises that we could be at the beginning of a bearish channel, leading ETHXBT towards a test of two key support levels the first being the volume-based Point of Control around 0.01415. From this point I see a final leg of potential to really test any longs still in the market, and to provide strong buying opportunities as we test strong psychological support at 0.01 and also the trend line provided by highs of the 12th Feb and 25th Feb in the previous rally. I would then expect a slow and steady recovery of the bull trend with major new buyers from China seeing upside opportunities, combined with more positive Ethereum news hitting the headlines. To add additional support to this idea our rate of change (ROC) for all time frames is now trending downwards but does not indicate an over sold situation at present. This is my first idea post and I would be really keen to hear your criticisms and feedback. My Strategy I am now out of all ETH and I'm just holding BTC...I've learnt the hard way not to short this market at present. I will be looking to build back into my position at the POC 0.01415 I will exit again on any retracement to the upper descending trendline. I will then stay out of the market until there is either a break above the upper descending trendline or until we break below 0.0145 and test 0.01 at which point I'm loading up.
Short
by MinimaNode
1
Possible H&S forming on the ETHXBT chart !Hi Guys, Guess what.... Maddie is back! Because some of you found my chart's ugly i've made a new layout, with a little touch of pink :) hope you'll like it! Im no't gonna make a very long description on explaining patterns etc so, if this head and shoulder pattern breaks it's neckline for more than 1,5 days, than you should take a look @ my price prediction. Everything you need is in the chart, but if you still have any questions, feel free to ask them of course! Have a great day, Maddie
Short
by Maddie
15
Another attempt at 0.03 soonHi, yesterday we had an attempt at major turning price level 0.03 and we broke it on Kraken. On Poloniex, huge sell walls (15000 ether in one order, etc) appeared and scared the buyers who stopped at 0.02995, which is rather sad. We got stopped out of our trade (and partly exited manually since it was clear buyers are there, just not willing to finish this fight today). However, we still look Bullish . 40% RSI held as support yet again. Trendline held as support too. BTC is in free fall mode and thus ETHXBT is getting some extra fuel. I see the current zone as an accumulation zone and expect another attempt at 0.03 within 24 hrs. Target : 1st - 0.02995 - see if we can break this time, if not, close the position 2nd - 0.05xxx Stop loss: Rather tight this time, 0.0265
Long
by MarcelV