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ETHXBT

ETHXBT: Ethereum has a very clear triangleMy analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart. The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise. This is typical triangle behavior. The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion. You can enter on breakout, but I'll leave my forecast for time and price intact. Cheers, Ivan Labrie P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY futures, analysis on request, private tutoring and also Forex signals and coaching as well.
Short
by IvanLabrie
2
Ethereum: Bitcoin crash, fundamental catalysts and time at modeWe finally have a new mode in ETHXBT. The last 4h bar has 2 hours to go, but is already over the mode. If it closes there it'll confirm an uptrend signal. Add to this the fundamental catalyst of BTCUSD crashing because of the Bitcoin XT fork, problems regarding consensus between Bitcoin developers, an alleged post by Satoshi Nakamoto himself complaning about it and we have the perfect storm... Rgmov is signaling an emerging uptrend CCI moved past +100 Proportionality is fine for a trending impulse Confirming time at mode uptrend on close Lowest high trendline holding Rising volume with rising prices Fundamental catalyst for a paradigm shift I bought more here, I was going to short BItcoin but I went long ETH instead. Time is at the minimum required for a wave 3 advance to maintain proportionality. Grab your popcorn and soda, Good luck to us all, Ivan.
Long
by IvanLabrie
83
Ethereum: Portfolio strategyI'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts. I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in). If ETHXBT gives us a bullish signal and we observe higher volume, we can start to predict direction, for now, it remains ranging around the mode. So, buy low, sell high applies. Cheers, Ivan.
Long
by IvanLabrie
13
ETHXBT: UpdateEthereum seems to have picked up on activity after being really illiquid for the past week. We have a clear mode at 0.0051, and an interesting volume and range expansion out of it. If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again. I'm rebalancing my portfolio, keeping a 70/30% weigh, so every 5%+ price swing is either a buy or sell to maintain the BTC value of my ETH intact. If you're trading with margin, let me say that you're playing with fire. ATR is simply too wide. If investing without leverage, you can buy dips to today's 50% range from open to high after the close. As long as we start seeing new highs every 5 days we'll be safe. Good luck! Ivan.
Long
by IvanLabrie
121
ETH breakout?ETH is just before breaking downtrend line. Inv unregular HS is easy to see***. Neckline as a actual downtrend line. .0043-.0045 price is acting good as a support. We can also see that triangle is about to end soon. Buy support is rising at poloniex and whole price actions looks like it's not going to crash soon. Bullish short/mid target is attack to actual ATH. .007 should be reasonable target to sell if bullish scenario will occur (breaking .0062) Targets: -break line (up from inv HS) -break above 1h ichi cloud -above 1h BBands -attack to previous H ~.0062 ***It's more like descending wedge , not inv HS ofc! no need to see drunk HS everywhere...
Long
by oldstout
2