Triple bottom which could swing a retest of ATH
Thinking we will see a break out before 18th jan. What do people think will in be a downtend or uptend
So my previous idea was invalidated, sad to say i didn't add on to my existing longs... but importantly i didn't lose any capital! My alternative count is now in play, i see this as Wave B of Wave 2 (Wave 1 start on March lows). I am now expecting a Wave C to form. Before shorting i will be waiting for confirmation on lower time frames; shorting here is risky for...
This last 6 weeks of trading ETH or BTC has been pretty frustrating, lots of shifting bias and no clear pictures. BTC and ETH are very closely correlated, so for the most part the charts are similar, however due to DEFI i do expect ETH to outperform BTC. My idea is that ETH is currently ending it's B wave within Wave 2 of a larger degree impulse since March...
Seems like the entire crypto market is in heavy correlation. This is ETHEREUM INDEX! Find similiar structure on ETHUSD chart and trade accordingly. Same structures on BTCUSD, XRPUSD and ETHUSD. So all this applies to BTC as well. At any case, we have enough DM qualifiers to define this as VALID and GOOD breakdown. Max where price can go it is descending...
Rising wedge clearly formed on ETHGBP pairing, breakdown out of the wedge with a target of 100-95GBP will take it nicely to the 0.236 FIB which is also support from December plus R turned S back from late 2018. RSI also showing Double Top although middle of the road, not yet overbought The state of the oil industry cannot be excluded as an external factor that...
ETHGBP before rising 24%. The analysis shows that the exchange rate is rising from an accumulation wave sequence. You can also see that you started copying the previous fractal in the figure at a 1: 1 size. If this copying continues, the rise of the second fractal may be accelerated. Therefore, current levels may be suitable for long-term entry.
What you wanna call it ? Adam&Eve? or maybe H&S bottom anyway it's time to buy ETH guys.
I think it's time to jump back into altcoins or at least $ETH which the chart shows a great buying opportunity, both on ETHBTC and ETHUSD chart. If you take a look at the chart on 4 hour time frame (4h charts works well most of the time in crypto space especially when both RSI and MACD is at a low level). ETHBTC 4h makes me want to switch BTC to ETH, another...
Hi fellow traders, This is a strong possibility for Ethereum in my opinion. I'm not yet fully convinced this current bullish state will continue as we haven't even taken out any previous lows so far. This idea is completely short biased analysis to predict a potential continuation of the bearish move. I will publish a long biased prediction sometime soon,...
ETHBTC has likely formed a falling wedge pattern which is bullish. Entering a long position here is ideal considering the fact that ETH is easier to analyse on weekly chart. if we keep going up the MACD will certainly give us a golden cross which would accelerate the move to the upside.But, as I said in LTCBTC idea , considering the current situation that BTC...
Ether looks to be going to test the current £248 ceiling for a 3rd time. I think it goes and we proceed upwards.
The bottom posted at about £100 seems to be holding on quite firmly and I think we may see a break for the upside. two levels I'm watching for are £228 and £281 for a potential pullback, but I think the trend should be up longterm. If we do see a decline now, I think we chase the £133 handle and then begin a bullish run.
ETH has held support at previous spike lows - now showing signs of a breakout by making a new higher high and a break out at trend line should push back to 300£ a coin! Good luck!