So, the almost unimaginable did happen. The ETH bull died... R.I.P. No idea how we get there (the blue path is just a rough idea), but we must expect at least a double bottom in the low 1500s. Til then this is a short-the-bounce scheme. Depressed Tarding!
Looks like we have some a break out (although not 100% clear) on the 4h. Moreover, the last dip makes up for a possible bottom since it met a) the lower end of bull channel and b) the lower end of linReg(50,200). It is not a clear hit, what could mean it takes another shot at it, but the bottom might be in here already. Especially, in the light of Bert...
General consensus is ETH going down to 0.02, to add a contrarian view I'll say that we've reached support by hitting a 0.618 retracement from 0.03415 and ETH will go for an ATH.
Ethereum is a public blockchain platform with programmable transaction functionality. Ethereum includes a digital currency called "Ether". The price in US-Dollar for this cryptocurrency "Ether" (ETH) is up more than 3,700% over the last six months! Ether has a lot in common with the famous digital currency Bitcoin. Both are a purely digital store of value and...
Don't get rid of your longs until we break 0.02500 again, this could go to moon
Sooo, weak... On top, we have another significant spike of "days destroyed" >>> blockchain.info While there is certainly a lot of room for speculations about the possible reasons, I do consider it as a huge bearish red flag in any case. To buy/long ETH and getting rid off Bert before he starts to properly dump is recommended. Target (BTC): 373.00EUR (ETH):...
Where I think ETH may end up within the next couple of months solely based on the previous pattern and FA of DAO and major news hype.
I like Ethereum, think it will be good, but for now, what has it proven other than getting media traction? Coinbase addition is big though.
Open short upon another full retard spike up to 2840-2870 area or breakdown of 2615 on the 4h. Target: 2320-2360 Happy Tarding!
I see 2 bearish Div on multiple time frames 30 min hr shows a hidden bear div 4 hr shows a bearish Div Also if we don't cross 0.02335 we will complete an H&S Shorting to 0.0211 is safe from here in my opinion. Be safe I don't got stop loss on this one.
We are seeing a nice formation of H&S. Before the end of "cheap DAO" phase we might see sub 0.019 levels again. 12 h 30 m until end of the phase.
The DAO threw a monkey wrench into my predictions. (Actually, I haven't kept up with the latest cryptocurrency news and was completely ignorant of the existence of the DAO in my previous charts.) It would appear that the demand for DAO has been enough to delay lower ETH prices. Glad I didn't short ETH... Here is a link to a graph of DAO token creation: ...
Short around 0.02215 Target 0.0211 Stop loss 0.0222 (Red arrow is also possible too) Be Safe
Breakdown confirmed... Dump incoming.