ETHXBT
ETH next wave down is here #ethxbtdowntrend has began, could see it going much lower than 0.01 during the next weeks,months
ETHXBT: UpdateUpdating my previous ETHXBT chart, we seem to be retracing the recent decline.
Now, this could be an uptrend continuation setup, or simply a detour before more downside.
Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do).
Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart.
For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher.
Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with).
Cheers,
Ivan Labrie.
ETHXBT about to pull backETHXBT pulled out of the Squeeze Funnel and got a huge increase, there is a stagnating RSI and a MACD about to come down make me believe ETH is overpriced right now.
Adjusted chart, be on the right side when it happensAdjusted chart, be on the right side when it happens!
0.0246 as stop is valuable.
Could go anywhere from here but i would stay on long sideThe green trend lines maybe initiate anotherbig bull move, obviously we are in a big trend channel up (pink one), if we leave this pink trend channel it is fully decided for weeks if not months.
If the channel holdsMACD is about to cross bullish, the next few hours/days arefight on top in my opinion.Stay aware of the golden line at 0.0295.
Not a dead catIt looks to be agood long entry for a short time or can climb even higher when momentum goes in. tight stop loss under 0.0246 is recommended!
ETHXBTElliot wave would suggest that 5 waves are completed off bottom with classic impulsive structure. The blue box is suggestive of the correction target range from which a new 5 wave structure to the low 30's should commence. This box is determined by the fibs of the 5 wave and confluence a=c, plus the beggining structure of C wave that seems to have commenced. I paired back at 14 and have several orders firing in this box.
Potential bubbleThis is a lot like a bubble, just need to get to the top, to blow, there are three points of acceleration in the uptrend, it is extremely vertical, there is a high probability that the price breathe and rest on the second stage acceleration, and there is also a chance to rest in the first stage of acceleration.
Neutral on that oneThis is not a clear trend right now, so I would rather stay at side lane. Watch out for the golden lines and what happens at them
Why i trade that well....Just care about the mother of all indicators. Have a a real close look on the price change before the MACD is to close out bearish or bullish. MOON can happen soon.
The right viewAs some of you said I was not clear, I think it is heading up from here. can totally dump to 0.015 but i wouldn't trade it right here. could go to 0.447 in a few hours, long term is BULLISH.
BIG BULL FLAG?The pump went up a lot more than I thought but target was hit anyway. Bittfinex joining is getting the volume up, traind right here is hard but llok out for the red lines, these worked pretty fine in the last days:
ETH Moon Postponed... Eventually.That 4h candle could not have turned any uglier... And the current one even opened below downtrending line.... Not exactly bullish any longer...
Respect the golden linesPeople going nuts shouting MOON but as longs as the golden lines are not broken this is a bearish scenario right now
Ethereum about to break out, 6.7% LONG availableETHXBT is about to cross the MACD and I think touch the RSI again. Ethereum is definitely going to touch the triangle at 2575 and will reach up to 2750, making a 6.7% LONG available. A possible break out may follow but I am unsure in what direction, that's why I opt pulling out in the 2750 area.
A quick 6.5% short on ETHXBTETH is about to bearishly cross the MACD and become undersold on the RSI. Decent support has been found at 2750 so I expect an ideal shorting opporutinity to happen at 2799 up until 2630, making a nice 6,42%. The slight pullback to 2799 is not guaranteed to happen but, looking at ETH's past and the current status, I do consider it likely.
