ETHXBT
Ethereum (ETHUSD) Looks bearish. Short the move up.I am currently very bearish on Bitcoin, believing it should not rise past 4000 and stay up. Currently have many limit orders from 3900 and beyond, with some filled already.
Once Bitcoin moves up, it will be time to short Ethereum. Either way Ether should be moving down in the medium term. Eth has been kept up only because of its correlation with Bitcoin. Looking at the smaller timeframes, there is obviously a lot of supply at this current price.
So short Ether when Bitcoin is 3900+. You can scale in now.
Thanks for viewing!
Ethereum Looking Bearish Here... May Be At The TopAdding a low leverage short here and will add more a little higher.
You can use the ETH/XBT pair.
Look for a 38.2/68.1 pull back from here.
Won't re-enter until I see volume confirm.
Hit the 161.8 target.
Bearish Volume
Bearish Div on RSI
Strong Supply Order Block
Rising Wedge
Testing 100MA
ETH/XBT is reminding me of good old days atm.Ascending broadening wedges breaking upwards , that might remind you something if you're not new to this. ETH against bitcoin has started showing nice recovery after breaking that bigger wedge with pink lines . I am already long from 0.027-0.028 range and my initial potential targets are indicated by those green line near the top of the wedge . That yellow wedge breaking to the upside is really bullish sign ,imo. Volume is also increasing gradually with this breakout which gives a confirmation to the good potential move up before any major retracement. It becomes very important for the sidelines Joeys to wait and see if that white horizontal support line holds or not . If not , then a successful throwback test of the larger wedge(Descending) support would be a nice play. A break below that and back into the wedge would indicate weakness in the price action. Although , I'm also waiting for that successful throwback test to add up to my coin count but it can always keep going straight up with little to no retracements as we have seen in bullish times.
I'm not being too bullish but it looks good. and moreover their are traders , who would like to see ETH back to 0.07-0.085 or 0.045-0.05 atleast as it has been long long time of bearishness.
This is not a financial advice. Crypto is a risky investment so tread carefully and trade smartly.
Thank You
TA on ETH/USD Did a TA on ETH against USD. The key resistance at $100 is still valid and ETH is now back down at approximately $87. Theres a chance that it might continue to slowly inch down towards the support at $83 if the bearish forces continues. However, it seems like it consolidating within $83 and $93 right now in a trend channel.
ETH LONG UPDATEETH/USD(COINBASE/BITMEX) ANALYSIS ( prices are similar and price action too)
ETH/USD short bang on hit on 786 for now we should have bottomed temporarily breaking below our lows once again will be a very very bad sign for eth for now I am longing here for a swing with stop at 190 for bitmex/coinbase , a long from here with a minimum target of our previous high has an r:r of 1:3 and that is the minimum criteria I look for in every trade I take , no point catching these absolute bottom rn when its only 1 to 2 dollars difference we are swinging this not scalping , hopefully everyone made some good money on that eth short its time to long now bois, NOT FINANCIAL ADVISSSSEEE hehe #BATMAN
Trade ETHEREUM with 1 indicatorBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -7.44% appears you buy, if a green dot -7.44% appears after that green dot -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
A FULL ETH USD ANALYSIS FOR THE REST OF 2018 (3rd November 2018)ETH USD ANALYSIS FOR THE REST OF 2018 (3rd November 2018)
So for this analysis ill bee zooming in from the 3 week time frame all the way down to the 1 hour time frame and give you guys the possible price action that will all happen from now till the end of December , I will also be including my thought process and explanation as of why and how I come to a specific conclusion in each timeframe. I will explain everything from an indicator standpoint before moving on the Elliot wave. I will update daily on both my twitter and telegram channel which I will include at the end of this analysis. The long and short signals/setups will also be posted there
DISCLAIMER:THIS IS NOT FINANCIAL ADVICE
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Our 3 week chart and 1 week chart has our TD flipped over to 9 which indicates possible trend reversal at this price point
as you can see how accurate the 1 week TD was where it called the top and flipped down similarly this is now happening at the bottom as well
Now lets take a look at our 3DAY RSI which is currently wedging in really tight and has already broken out , aided with the TD trend reversal our chances of breaking up are higher than breaking down from now till the end of year
however you may notice that the rsi on the 3day candle which just closed just made strong bearish divergence which indicates the next 3 day candle should possibly be a red candle breaking down to retest the wedge like how I have drawn in the chart below
where do I expect this the price to settle at? I will discuss this as we progress down into the lower time frames
So first off this is my overall EW count on ETH which has me looking for a pump all the way from here to 300-400 during the November to December period.
zooming down to the current price action this is currently what will possibly happen in the next 5 days or so, as you can see in the chart below we have made a bear div once again from the B wave and D wave in the chart below. This leads me to conclude that our next dump will probably go to around 187 region which at that price point I will start to look to long with a stop at 183 for a 1 month swing possibly
So in summary I see eth going down to 187 before going up to 300-400 regions which there after I will update the possibility of a further downtrend or a bullish continuation in December ,take care guys
Telegram channel: t.me
Twitter page: twitter.com
Ethereum (ETH) Possible move up to 223+ before lower low. I have been successful in calling the last Bitcoin move during the period of consolidation. I have also been very accurate in calling the price action of Bitcoin after the pump. View my ideas for yourself in the related ideas section or just click on my profile.
Bitcoin looks like it could pump once more, taking Ethereum with it.
Therefore, you may long Ethereum & Bitcoin in preparation with a tight stop loss.
Long:
200 USD
Stop Loss:
194 USD
If Ethereum pumps, set your take profit at 223 and 230. There is little chance Ethereum can move beyond 230. It is quite obvious on the chart Ethereum is very weak. Therefore, if we get a pump, short Ethereum at 223 and 230.
Short:
223-230 USD
Stop Loss:
To be determined (hard to do a good stop loss placement when price is not near short entry yet)
Alternatively, if Ethereum breaks 194, there is a high probability it will continue lower. 194 is a bear fractal on the 1 day chart. Therefore, if that happens, short Ethereum.
Thanks for viewing! I am still collecting members for my private chat. Please message me if interested. I post all my open positions and reasoning there.
(ETH) Ether Wants to push up higher. 230+ target. Short/Long. Last trade I have set up a long/short trade that made me 3% despite the 1% loss when my long position flipped short. Ethereum has hit my exact short target.
Ethereum has been struggling against the 212.80 resistance for a while. Right now we have an inverse head and shoulders pattern on the smaller timeframe so it is a good place to long. Have a stop below the low of the bear fractal.
I have posted this as Ethereum has broke the bull fractal so we can long after a retracement.
This is the inverse head and shoulders pattern that broke the bull fractal.
Long
212 (most bullish scenario)
Take profit:
219 for 5% profit
Stop Loss:
205 manual
202.5 auto
Alternatively, if Etherum breaks 206 for good (not a wick) you may short with a target at 193.
Short:
206 USD
Take profit:
Sub 200 USD
Stop Loss:
Above high of bull fractal.
Thanks for viewing! I am hoping Bitcoin can hold and hit my original 6900 target. So far we are hovering on yet another Bitfinex buy wall.
Ethereum (ETH) Made 24% on Ethereum this week, signs of topping.Ethereum is testing previous support which is now resistance. Unless Bitcoin breaks 6900, there is almost no way we break through.
Therefore, we may start shorting. I have called long Ethereum ever since 215 and short near the 240 area. While we are above the 240 area now, when Ethereum is 150 USD, any short above 200 will be very profitable. I cannot predict the exact number but I believe we are nearing the top.
If you are in a long, you may hold it, but do not open any more longs in this range.
Short:
254 USD
Stop Loss:
260+ manual
260 is where many longs were trapped last time. It will be hard to break through 260 unless a coordinated pump occurs to get it well above which will not happen unless BTC conditions are met. If we break through and hold, I will long as Bitcoin must have pushed past 6900.
Take Profit:
Undecided, as I believe Bitcoin will drop to 3500. Sub 100 Ethereum is very possible.
Thanks for viewing. I have other open trades on XRP that is currently locked in for 4% profit. If that interests you, please check it out.
Ethereum (ETH) We are dollars from the top. Up 14% in 3 days.I am currently up 3% on my Ethereum long from 215. I have tried my luck shorting the pump on an alternate account but got stopped out. If I held my short I would have been in profit, but it is important to manage your risk correctly or you will not succeed over time.
It looks like we may retrace to 220, which would be a good place to long. If we do not hold, don't worry. 220 holding would be the most bullish scenario. The more likely scenario would be a retest of 217 or possibly even lower. Either way if Bitcoin climbs to 6900, I expect a 232+ Ethereum.
Therefore, we may hold the previous long from 215. I am hesitant to give a entry and a stop price because the candlesticks have not yet developed very much, but I can confidently say there is a strong chance of being in profit if you hold your long to 232.
Once again shorting allows for a better trade with low risk. Resistance starts from 225, so we can scalp 2%+ shorting above there with a stop 227.60. You may make an alternate account to do small trades and leave your original trade untouched.
Short:
225+ (make sure Ether does not break 227.60, or close above 225)
Take profit:
220
217
The way I do this is by setting some short limit orders with a reduce only stop loss right above. This way I risk almost nothing and have a potential of making 2%. So far I have done this 3 times successfully in the previous range, only getting stopped out once, losing me 0.68%, while I have made around 2% each time my short went through taking profit near 207.5.
This trade can be repeated many times as long as we begin to consolidate in this area. My last chart is still active. Feel free to view it.
However, I want to emphasize that a dump will wipe out all the gains from a long in one day, so going long is infinitely more risky than shorting in this market. In fact, if you just hold your shorts, you basically have a 100% chance of making profit as long as you do not get liquidated.
Thanks for viewing! I put a lot of work into some of these charts (this one took 40 min) & I greatly appreciate every single like.
Ethereum (ETH) Short and long setup. Preparing for next move.Ethereum has broken through 198 causing us to long in the last trade, hitting our first target on Bitmex.
Currently price looks weak so we may have a short entry below 214.7. If price breaks a certain area, it signifies strength and triggers a long.
Short
207 USD
Stop loss:
215 USD
Long:
215 USD
Take profit:
222 USD
Thanks for viewing! Please view my past ideas in the related ideas section.