Looking at this chart, its very obvious we are about to either go to the moon soon and break ATH by September 2019 or go back to the buying big zone at 6000 - 7500 euros. All previous critical resistances were broken through with enough volume as support, which means these resistances have a high chance of holding if we do retrace and flip downwards. I have my...
The big time frame Elliot wave count shows that we should be bouncing off to our third wave in this count on the daily bar chart. There was a five wave downward count on wave two and my calculations show that this should have ended between 0.028 and 0.031 ETHXBT. With this value completed and daily candlestick looking to close above it, I believe ETHXBT could...
Wow, that was some carnage yesterday. Ether has being volatile in both directions this year. It has risen quickly in terms of percentage gains with respect to BTC and fallen quickly also. Yesterday's massive drop has created panic amongst the bulls. Looking at the chart objectively now after surviving the massacre, it still shows no reason for me to be bearish...
I do not use stop-loss as I buy and sell - not long and short. Buying and holding avoids a novice trader like me to avoid the stress of interest, and hence, as the charts say its a matter of time that bitcoin breaks above the 7300 euros zone. Considering the pump in Litecoin yesterday, Bitcoin could be breaking above sooner than anticipated.
Last night we saw the parabola get destroyed and Ethereum found support at 205 euros, which is sitting around the 38% drop of the price. The price has been bought nicely at 200 euros if there has been any drop in price below it, but this does not look like lasting for a long time. As every increase in price was lower after it was being bought at these 2H dips....
Looks like BTC is consolidating in a channel after the pump at the beginning of April. After the Bitfinex news on Thursday, it did take a hit on its bullish candle, but it also rebounded at a good support level around 4500 euros. The point of rebound also looks like the bottom of the upward channel which maybe a signal for good organic support. (FTR, I believe the...
Ether price movement suggests it will continue to move within the channel in the ascending direction. Possibly it could break above its month high again before the end of this month.