ETHEUR: Fiat chart looks strongIf we break out here we'll get a confirmation in the daily timeframe, although I suspect that we will remain sideways for longer, forming an accumulation range until the market is ready to advance.
If we hold in this zone, we have more than enough reasons to hold our long term longs, and once the trend fires, we can focus on intermediate term and short term trading signals to complement our investment/position trade.
Potential upside in the short term matches the monthly mode resistance, so it is extremely logical and likely to see price go back to the 10 handle or close. I'm interested in seeing if we eventually break it, and hold above, to confirm further, potentially incredible upside over time.
Good luck,
Ivan Labrie.
ETHXBT
ETH Buy the rumour, Sell the news #3!Hi All!
Today we short with the Whales!
Entry: 1230
Target: 1000
We have had a very cool 50% up rally thanks to Enterprise Ethereum ( link) and BTC drop .
However:
Official EE announcement comes in Late February
BTC will recover. PBOC is fudding. BTCC says: BUY BITCOIN!
I suggest we wait for the late February official announcement before we get bullish again. Of course we long it a week or two before, as we buy rumour sell the news.
Happy trading! ;)
ETH: Gradually building a 20% account positionI'm buying Ethereum gradually with BTC over two weeks. I think we'll form a strong base and rally once again, after having bottomed at the low volume support in the weekly chart here, in the fiat chart.
RgMov shows an uptrend, we got oversold, broke the recent downtrend linear regression channel not only made a new weekly high but also expanded the weekly range.
If we break above the uptrend mode, we'll be in good shape to rally over the 100 handle here in the long term, so, don't miss out on accumulating longs here, specially if you missed the first rally before the giant sideways consolidation phase.
If you have insights regarding fundamentals for this move, or any comments, leave them below.
Good luck and happy new year!
Ivan Labrie.
BTC and ETH: Time for ETH to catch upI think we can get a retrace or sideways range in BTC, or simply a way faster rally in ETHUSD compared to BTCUSD, which would bring the ETHBTC pair up more than 100% probably. I'm in a position with avg entry at 0.00805 in ETHBTC, and looking to add at 0.0083 and 0.008 next.
I aim to have a 15% exposure in ETH, as well as a 15% in BTC while this rally lasts, then to revert back to BTC after we top in Ethereum.
The fundamentals are still uncertain but after the next update is out, we could see renewed interest in investing in this instrument. For now, it's not too popular, but it has good liquidity again, and some interesting moves, as well as a fantastic spread, so it is worth a try here.
Good luck,
Ivan Labrie.
Ethereum one more leg down and then MOONWe are finishing last impulse wave of complex (double zigzag) 10 months correction. This corrected 6 months impulse move up. Which was either wave 1 or wave 3. Nonetheless over next six months we will make new ATH in either wave 3 or wave 5.
BTC is making new highs in an impulsive move. It has some more room to run, but after that we can expect few months long correction which is a perfect time for ETH bull market.
Interesting times.
ETHEUR: Go long at marketI think ETH has fallen enough here. The euro value of it will turn around, since it has hit the levels associated with the Bitfinex hack.
If it doesn't go to 5.96710 within the next 2 months, we could see a monthly scale rally in it, probably due to a change in fundamentals.
It's good to see buyers step in here, so, it only takes an increase in activity, and some fundamental news to stage a rally. It's oversold enough, potentially. If you want to buy, you can risk a drop to 5.9671 and enter a 0.5-1% risk long here. Weekly charts show an uptrend, so on any new weekly high, we could see a rally take off.
Good luck,
Ivan Labrie.
ETHBTC Idea for nowRandom idea on ETHBTC. The channel could be a continuation pattern. Which means its going to break down. Its hard to say if it will be here, or it will go to middle or top once more before it happens. Of course the other possibility is the channel breaks up, but i mean, maybe it could.
Ethereum channel could break upHello there. This channel may break up if we are willing to believe its a contiuation pattern. looks like there is some resistance at the red which could stop the price from going further up. There is big green volume candle which suggests to me that buyers are exhausted so the price could dip to bottom of channel, and to be honest it could just break down there. But because of the structure of the channel i am willing to believe that it could also break up. Hmm. This probably doesent help you much, i think i will long only at bottom of channel, it has better risk vs reward and you close the position if the channel breaks down.
ETH: Fiat pairs are in an uptrendWe can obtain good information from plotting the product of ETHXBT and BTCUSD or BTCCNY, specially since some of the ETH fiat pairs are not too liquid (worst offenders are the USD pairs).
The weekly has finally confirmed an uptrend continuation setup, so I expect the move up to be really intense.
Try to be in and don't miss out. You can buy half at market, and buy the rest of your position if we get a dip to support. Since we have hit the DAO hack resistance we could see a small dip before marching higher again. Stop losses should go under this week's low to be extra safe. You could opt for using last week's close as your stop too, which would be more aggressive. Any move under the triangle apex on chart would warrant 'buying the dip', keep an eye on it.
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.