ethhunter

ethhunter Updated 

Hello everyone, Some new, outside the box thinking for the hunting trip again. I am in a long position right now, but I didn't realize the urgency about this breakout until now. From my findings It seems that the previous breakout attempts are linear with the first and second one that failed. (See the blue triangle upper trendline lining up perfectly with the...

ethhunter Updated 

Do you believe in the prophecy?

ethhunter Updated 

Updated previous chart. Crucial time for ETH now. Looks like it will break outside the downtrend. ------ LONG! Resistance: 715~720 Support: 740~ (Stop Loss) Entry: Now (or 720+ for confirmation) Good Luck

ethhunter Updated 

Just an idea i got from looking at the larger perspective. Just trying to think outside the box here. Almost looks like a decending triangle if you look at the broader picture, which will converge with the long term uptrend when we reach the lower end price. Might be wrong, but just an idea

ethhunter Updated 

Hello and welcome to another ether hunting trip! Unfortunately in my last analysis, I failed to spot the HS forming and I got stopped out at 680 and locked in some profits. I'm currently on the sidelines and reevaluating. So where do we begin? What do we know? - We broke the downtrend channel. - We have failed to sustain the outbreak and now are inside the...

ethhunter Updated 

Hello everyone ! Sorry for the lack of updates, It's been a busy couple of days. Taking a look back at my previous chart we have progressed quite nice, however I must admit that i was surprised about the fast move up to 800, and even more surprisingly was the steep drop to the 740 area (broke my channel). We have since then stabilized in the 760 area which...

ethhunter Updated 

Hello everyone :) We keep on hitting the higher highs and lower lows as i expected and everything is following my projections nicely, we got a tough time in the 740-750 area as i said in my last post. It went inside my long position zone twice, since then we have rebounded and we are not pushing the 785-800 area, i expect this battle to go on for a little...

ethhunter Updated 

Hello! Looking at the 1 hour chart we can se that we have contracted the price action inside the larger channel, it's because we have pushed very agressivly all the way up to 764 and met the overbought condition in RSI, which is a incentive for many traders to liquidate some, as I said in my earlier post, getting to 750 will be a breeze, which it has been. The...

ethhunter Updated 

Oh, hello there ! ! While we were buying around 500€ the bears have just awoken from their hibernation and suddenly are feeling very bullish now. Yesterday "I will buy at 300€ !!" Today F.O.M.O Ha ha ! So what happens now? I think we will calmy trade inside this channel with ups and downs but we will always progress higher than lower (higher...

ethhunter Updated 

Hello ! :) Let's take a look at the 4 hour chart of ETH, There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements. I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong. Never...

ethhunter Updated 

First off, this is not a technical analysis, but a overview of the history. So whatever happens in the day to day basis is just a drop in a ocean here. However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before. I like patterns and analyzing them, from my perspective this is...

ethhunter Updated 

Hello Everyone ! Let's take a look at the hourly chart of ETH, From my previous charts i have drawn out the Ascending triangle that caused an outbreak. From there we saw a falling wedge form, from which we broke out of with a decent amount of volume, we have since steadily gained ground in the 685-705 region. Overhead resistance is still large, with every...

ethhunter Updated 

We took out 700 resistance and peaked around 745 - topped out, and quickly fell, Here's are my chart idea of what's happening.

ethhunter Updated 

Hello everyone ! Glad to say that we finally we have a confirmed breakout in the upward direction ! I'm feeling confident that we have established a bottom and we are looking to progress further. I was discussing volume in one of my earlier charts, I mentioned that the volume was lackluster and it was a concern of mine, however after further reviewing the volume...

ethhunter Updated 

Hello everyone! My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed. This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes. Typically, ascending triangles signals the end of a downtrend, a reversal. I have...

ethhunter Updated 

Hello everyone ! I'm say to sad that the volume we needed did not show up to break the current downtrend. On the 1 hour chart we have crossed over to a brearish state again, and we can see the shape of a head and shoulders pattern appear. We will go probably go down a bit, but the question is how much, and when to re-enter again. I have mapped out some possible...

ethhunter

Hello everyone ! I'm say to sad that the volume we needed did not show up to break the current downtrend. On the 1 hour chart we have crossed over to a brearish state again, and we can see the shape of a head and shoulders pattern appear. We will go probably go down a bit, but the question is how much, and when to re-enter again. I have mapped out some possible...

ethhunter Updated 

Hello ! Let's see whats going on the 6 Hour ETH EUR chart! We can see that we are progressing nicely but met some tough resistance at 700€ and got kicked down to the mid-low 600€, but the bulls pushed us back up, and right now we are hovering just below the 700€ resistance again. To successfully break 700€ we need the volume to increase, If we manage to break...