Yeah, I did it... Moved all BTC into ETH. Bitcoin has become a joke. Time to move on...
Ethereum continued its incredible pump and reached highs of 0.00723, from 0.00392 starting point. On our last trade, ETH was shorted. It went down from 0.00555 to 0.00500, and met strong support there. Ichimoku cloud support (red line) was tested, but not broken. Stop loss was triggered. On our next trade, we will be looking whether ETH can break cloud up or down....
Hi, ETH went from .00392 in just two days to .00580 and I believe this was orchestrated pump which has now met its target and we are about to see a nice dump. Since this rise was artificial, I expect a full retrace, down to .00392. The TA says it should go down: 1. We have broken the trendline, which just recently served as a resistance point. 2. Nice Double...
I'm going out on a limb here because there is an organized pump and dump going on for ETH right now, with spammers blanketing forums and chats everywhere trying to talk the coin up. When a price is being actively manipulated it's dangerous to try and predict a top or bottom. That said, I'm not a fan of this coin in general, and would never put money in it.
My 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...
We 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...
I'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...
Ethereum 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,...
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....