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ETHXBT

BTCUSD: Trend is up in the long term, but fundamentals are riskyI'm watching weekly CCI here. Maybe we go into a triangle here, until the risks are out of the way. This is what I see as most probable. Not a huge drop, like most think, but it can also happen. For that reason, to prevent losing my huge profits I got in the past two years, I have reduced my position to 20%, which I never sell. I also hold 20% in ETH spot. I am hedged via a margin position too, and waiting to exit the hedge and look to trade BTC once the dust settles. For now, take a break gents, relax, watch oversold readings in CCI in the weekly. Don't oversize trades, don't use leverage if possible. It's a two edged blade. If we don't hold support at 880-920, we could see a significant decline back to lower support levels. I don't it'll happen, but better be prepared in case it does (here's when the margin positions help with hedging our risk). Good luck, Ivan Labrie.
BITFINEX:BTCUSDLong
by IvanLabrie
2
ETHBTC Bull Flag Breakout Strategy It looks like we have a bull flag breakout coming on ETHBTC. Wait for a confirmation if you were not long at 0.046. If you were in at 0.046 then have a tight trailing stop at 0.0475. Confirmation should be a long green candle on the 1hr chart to 0.050, do not be afraid to wait and go in on a pullback at that level. Under normal conditions one would expect the second leg up to be the same length as the first flagpole giving us a target of the 1.618 fib extension or 0.066. Feel free to book profits at the fib levels or set a trailing stop. Looking at ETHUSD we have a long target of $64 (1.414 fib) or $66 (1.618 fib) depending on the daily price of BTC. Increased volume, 4HR MACD crossover, continued RSI gains (4H), and a strong closing 1hr green candle above $50.50 should confirm. ETHBTC chart here:
Long
by SuperShibe
ETHXBT: Ethereum has a weekly uptrendThe target hasn't been hit yet, but we might end up hitting it, and stalling there for some time, as I had explained in the monthly chart I posted. If you're long, look into closing margin longs on target, or if you own more than 50% account, go back to BTC to maintain equal weights in your cash account (spot, no leverage). The support here is strong, so you can probably look into going long if this support zone holds. $BTCUSD is right against resistance, derived from the ETF decision news price action. It's a good idea to short with a stop at 1190+, or simply buying $ETHXBT alternatively (if you didn't yet). We closed our margin longs on the previous bar, and now reentered. With some luck, we won't go any lower before hitting the weekly 'Time at Mode' target. Good luck, Ivan Labrie.
Long
by IvanLabrie
11
ETHEUR: New ATH, breakout confirmed by proprietary toolsThe 'Range Movement' indicator is confirming the monthly breakout in $ETHEUR, showing new all time highs in it, together with price. So far, all timeframes' signals have been coherent and bullish for $ETHEUR, and every consolidation has led to higher prices after breaking out, since I called the bottom in this instrument recently. Let's keep an eye on it, any kind of correction, sideways pattern, oversold dips, or other setups will give profitable short term and intermediate term bullish trades. Stay ready, and keep some cash at hand to add to longs, or just trade it with margin, but don't go overboard with size. We might slow down for a while here, or a tad higher, since $ETHXBT implies we need to wait until May or even June to get more rapid upside in Ethereum. The fiat chart remains bullish in all timeframes, and indicates we might have little to worry about, holding longs, aiming to hit the long term targets (34-49-270 eur). Bitcoin's recent negative fundamental events might be helping it strengthten relative to it, and in fiat terms as well, since more and more people will opt for investing in it, considering how it fares against Bitcoin's fundamental situation and risks (PBOC regulations, blocksize debate and confllicting opinions between miners and some big investors among others). Good luck, Ivan Labrie.
Long
by IvanLabrie
60
BTCUSD: FuturologyThis is another very prophetic post, like my ETHBTC one. I think that we will get an approval by the SEC, but, since the ETF won't bring money into Bitcoin right away, price will fall back to weekly support at 1139 give or take. Bottoming there, while big players accumulate positions, until the market is ready to trend up vigorously again. The market is likely to frustrate the most people, so, I think first, it'll spook the short sellers by going up after the news, to then fall and stop out all longs, right before bottoming for some time. My game plan, I'm holding my positions for 1 year at least, so, I'll trade around them using margin. My preferred vehicle to hedge the BTC decline is ETHXBT longs. I'll be looking to accumulate a hefty ETHBTC long position, in the order of 30%, when we have a decent enough retracement in it. It's close to weekly support, and in a weekly uptrend, with potential for a monthly rally after May, which would align with this prediction taking place, if ETHEUR rallies or doesn't fall, while BTC falls or doesn't rally as much. Reccomendations: If conservative, sell down from 50% to 20% account long in BTCUSD and do nothing. Sell also down from 50% to 20% account in ETHEUR and do nothing. Then add back on dips or if they keep trending up proving you wrong. If more brave, follow my game plan. Don't sell but hedge the decline with ETHBTC longs when safe. Best of luck! Cheers, Ivan Labrie.
BITFINEX:BTCUSDLong
by IvanLabrie
8
ETHXBT: Just a predictionI can make an informed guess on how long it will take for ETHXBT to surpass Bitcoin in performance dramatically. The monthly chart indicates we could expect a major breakout only after May, or as a worst case scenario, July. There are two possible top targets, and an estimated time duration of the rally as well. The targets are 0.095937 and 0.228555, with a rally that could last until February, 2018. I'm going to hold my positions as long term trades, and I'll continue to trade around them with margin, to make my holds risk free, and only risk part of my profit from holding the trades open all this time. I'd reccomend keeping a 50/50% weight with BTC, and perhaps if you want, investing small in some ICOs. or other alts along the way, but only with 1-5% positions at best. Focus on this and BTC, since the charts and fundamentals favor continued growth in them. Good luck! Ivan Labrie.
Long
by IvanLabrie
2
ETHBTC: Add on dipsWe're long already, after trying to capture the bottom of this pullback and suffering a slight drawdown (our average buy is around 0.01140). The trend seems to be turning up in this chart, and it presented us with a good opportunity to hedge half of our long BTC position at least. After today's close, we could add to it on dips, so, keep an eye on it and be ready to buy ETH with BTC. I reccomend using margin, but just swapping part of your BTC for ETH is ok. Good luck, Ivan Labrie.
Long
by IvanLabrie
2
BTCUSD: Monitoring developments going into MarchThis is the Bitfinex chart. I'm currently using this one, due to having the highest liquidity of all exchanges. It seems like we have reached the last day of the recent daily uptrend signal we had in our charts, so we can expect a decline back to the uptrend mode, if the market is due for a breather to resume the long term rally. If BTC doesn't fall under either the uptrend speed line support, or any of the support levels on chart, we could aim to add to longs, and cover our ETHBTC longs perhaps, although I think Ethereum will simply outperform BTC, if it continues to rally. We'll have to see how things develop until March events are out of the way. Keep these levels in mind and see how the market reacts to them to act. Good luck, Ivan Labrie.
BITFINEX:BTCUSDLong
by IvanLabrie
8
ETHEUR: Long term uptrend updateIn my previous chart, in related ideas, I had outlined a set of conditionals that had to pan out for confirmation of further upside in ETH. For now, we're seeing a myriad of bullish signals, and most of the different conditions are becoming true. If we manage to hit 13.2332 during February, we will have full confirmation of a monthly advance that can take us up by over 2000%, or even 2700% eventually. I'm holding longs from the 8.23usd mark, and I recently added, by taking profits from part of my 80% account Bitcoin long at 0.01102: I think we can hit the DAO hack key level soon, which would have us hit the required bullish target to trigger the monthly advance signal. There's also a 3-day timeframe bullish signal which suggests we can hit over 17 euros soon, so, I think all pieces align for this move to happen now. Good luck if you're long with me. If you want to receive more specific alerts and signals, send me a pm. Cheers, Ivan Labrie.
Long
by IvanLabrie
16
ETHEUR: Above the monthly resistanceIf Ethereum holds here and holds the uptrend speed line it could be breaking out and rallying to the target on time. If it doesn't hold the trendline and goes back under the monthly mode (blue box), it'll continue to consolidate until it has gathered enough strength to break out. The implications are bullish, so I'm holding either way, but it'd be interesting to see how the price action evolves here. Keep an eye on it, if not in, look to buy gradually over a week or two until you own 20% of your account's worth in ETH. The ETHBTC chart is promising, and has low risk, so, it'd be a good opportunity to exchange some BTC for it after the rally in Bitcoin. Cheers, Ivan Labrie.
Long
by IvanLabrie
1