ETHEUR trade ideas
ETH/EUR - Last sell-off before the big riseMy view on ETH/EUR remains bearish until another low would be created, so that the buyers can be flushed out before the big boys get in.
Unclear Pattern ETH 4H ViewHello Mates,
Ethereum has an unclear pattern,
I could handle the support and get up with the triangle, but also has some technical possibilities to join the lower support
more over the indicators have some bullish divergences on RSI and MACD thus it is unclear is the price will really drop.
Happy trading cheers!!
ETH EUR are we in the last dump finally?Fractals are sometimes difficult to spot are some of their parts are evolving in shape or length but the most important is to catch the trend; it seems this fractal is still repeating and that is going to be finally the last dump before initiating a bullish trend. Here is the fractal I'm talking about:
It looks we have the "M" shape first and the the last bounce before the big jump; so we're between "3" and "4", and after we'll experience a succession of 3 series of bounces/pumps to confirm we're in "5"; these pumps may be massive (the trend is represented in purple lines)
Fingers crossed ;-)
SimpleIndicators show a strong sell, but despite it falling below as expected, looks to me like it will shoot straight back up. Dangerous Phil
BUY BUY BUY!! Simetric triangle about to break upwardsSimetric triangle with price close to APEX
Price in a bottom line of another simetric triangle of higher degree.
MACD and RSI also in a simetric triangle.
Price to break out within the next 24 hours.
E wave of triangle done.
ETHEUR - channels, againLevels from the last analysis (the linked one with canceled trade) were never reached, so time for new one.
ETH touched the 0.618 Fib level of last drop and the middle of the uptrend channel. Pullback is expected to the bottom of the channel, somewhere around/between 382 and 385, with targets at 415 and 440. Initial stop loss will be set at 358 and will be moved higher when appropriate time comes.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Larger view:
Small iHSThere is a very small iHS in formation on hourly.
Could lead to a target of 420. I'm still bullish, as we haven't
dropped below longer term support (violett line).
ETHEURETH can be trickier/riskier than BTC. It can also just hit 420 level and run again, but it can also drop all way down to the middle of channel somewhere over 400. More patience and lower timeframes will be used to see how it will behave.
I'll post updates (regularly, hopefully :)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Daily chart:
ETH EUR H1 - Surprise!ETH came back in its previous bearish channel after this surprising short squeeze; but the trend seems to follow back the fractal: this pull back make me strongly believe ETH will dump until it bounces on its main daily channel (black lines).
So, why such a dump until this level? Look closer at the BTC/USD chart: BTC maitains its level since 3 days as ETH has formed a H&S :
The reason for this is found in the ETH/BTC chart :
Since 4 days, ETH/BTC is bleeding out and that's why ETH moves are so bearish.
We know that ETH and BTC are linked, so the question is what will happen when things will go back to normal?
2 possible scenarios:
1st: ETH will pump, initiating a BTC pump
2nd: BTC will dump, ETH will also go bearish but slower and gaining in BTC at the same time, and after bouncing on their daily bullish main channel, they'll start the bull run that everyone is waiting for.
2nd scenario seems the most possible to me, as I'm expecting now a long squeeze after the short one ;-)
By the way, there are many lines on the chart, the purple one are describing the way I think ETH will take :-)
ETH EUR H1 - new fractal cycle incoming before bull runI didn't see that one coming! I thought it would have been the last moves before the last dump, but it seems another cycle is taking place. Previous moves from BTC chart also tends to confirm we're heading to a strong correction before the moment we're waiting for... ;-)
ETH/EUR Kraken Short/Long/ShortETH/EUR
If my Elliot wave count correct, then easy 1% gain low risk
from 4th wave.
Rsi looking high, so drop should be soon. Don't forget to short the market
Sometimes i Post on twitter Check it out
Twitter: Acgaxs
Possible Leg down in etheurWe're seeing possible another leg down as a breakout of descending triangle OR
this is a formation of falling wedge?
Tread with caution if shorting.
ETH 4H inside bar bear breakInteresting to see how this 4H inside bar bear break played out, especially when you zoom into shorter time frames. Overbought (close to) RSI and MACD bear cross on the 1H chart.
No sky rocket till now!!Please stop posting about Sky Rocket Cryptos, it's not happining, (Yet) at least, as Investor you should look to the profits in eyes not in Hope! here we see as explained in the chart, no buying is happening now, maybe later when the price fall to another cheaper price we may expect Crazy Spike in volume then we can hope as a first step of increasing in the price to higher levels, but if the volume also would decline, then Congratulations, ETH/EUR is crashing and may not heal at all..
if you would like to lose some money then you can buy, but if you want some good profits then wait the market heal it self first! you can't send a wounded soldier to the battle, but you can send him when he is ready to move! the market is the same, it's sick and weak ..
wish you a good luck if it helps you to wait!
ETH 4h Descending Triangle bull break and MACD bull crossMoving average convergence divergence (MACD) indicators can be interpreted using three different methods:
1. Crossovers
2. Divergence
3. Dramatic Rise
www.investopedia.com
ETH 4h Descending TriangleDouble bottom and a series of lower highs. The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. www.investopedia.com
The Boom was Great! Now What? - Pissible ETHEUR Reversal Road!Hey there,
So, a few days after the Reversal, i've been studying what's the next step on the bullish run. This time i decided to give it a try on ETHEUR, since i found it more clear to see.
If tomorrow morning the candles goes as i suggest, and the next big bang happens as i marked, it will be confirmed the present of Bearish Expanding Triangle Pattern (Lilac Color).
You can check how the ABC are almost the same but in bigger scale. So i measured everything and put it together on every next scale. If it is so, be aware on the downs :P
As usual, this is just an idea, what i see on the charts, on my free time as a hobby. The market is on constantly change, never forget that.
I hope this info could be helpful.
Cheers, and have fun! :)
