Captainsmugglebutt

Captainsmugglebutt

This past week has been very interesting for ETH, to say the least. The past movements have caused me to reassess my position and the patterns I have been following in the ETHUSD charts. One of my earlier ideas, published Oct. 3rd, covered a bearish descending triangle that had formed at two points in the past and was forming again over the past month and a half...

Captainsmugglebutt Updated 

This is a continuation of the short trades I have been making on ETH over the past month and a half. Especially my most recent call of a third descending triangle that formed and seems to have fully been confirmed. As you can see ETH broke down as soon as it crossed the lower bound of the descending triangle; I was able to make a couple trades off of this...

Captainsmugglebutt Updated 

I have been trading ETH short positions for the past two weeks with varying degrees of success. I had a few early entries which got washed due to some of the higher leverage I've been utilizing in my trades. Last night I capitalized on the pattern I saw forming and entered into another short postion at $223.50/ETH, when the price broke through the lower bounds...

Captainsmugglebutt Updated 

I have been following ETH price movements for months, now, however, I am more actively trading and while I have only been active and published on trading view for nearly two weeks, I am very confident in this trade. Part of that confidence is from TA, some is from experience in the industry and the other bits are pure speculation and hopefully a little luck. One...

Captainsmugglebutt Updated 

This is just a brief update to the Bear Flag Pattern I have been following in ETH-USD. This pattern started to present itself back in early September when ETH dropped out of the $280 range all the way to low $170s on September 11th - September 12th. The bearish flag pattern is forming nicely and has been confirmed by multiple data points over the past two weeks....

Captainsmugglebutt Updated 

I believe that Ethereum is sitting at a very key point where we could see sub $100 prices in the next two weeks or the beginning of a long-term reversal. My analysis is based off of two very simple patterns and builds upon my previous analysis of a 4 hr bear-flag formation. My last published idea covered a 4 hr descending triangle pattern continuation recognized...

Captainsmugglebutt Updated 

Looking at ETH the past couple weeks, I am predicting the bearish trend to continue despite recent pushes upward. ETH arguably has been in a bearish trend since mid-late January, 2018. I am forecasting that this trend will continue in the short-term with another substantial price decline on the horizon followed by sideways trading and a slow recovery over the next...