theisland

theisland Updated 

I see the recent rise of ethbtc as a bounce that was further pushed higher because ethusd made an ATH as a result. We are still correcting from the previous double top at 0.034~0.037. We will most likely retest 0.022~0.023.

theisland Updated 

0.0175 seems to be a solid support line. I would be surprised if it falls through without a bounce.

theisland Updated 

Solid symmetrical triangle pattern is forming; I might close some of my currently long BTC position to trade this breakout depending on whether the triangle fills up.

theisland Updated 

I'm expecting the triangle to fill up fully and then break upwards. I don't expect a new high for at least another month though. The blue lower trendline is a huge support line. If that breaks we are probably heading to $5.

theisland Updated 

I would long at 0.022 except I'm a bit fearful that BTC will moon by tomorrow, pushing the ETHBTC price down further. In the unlikely chance we get to 0.02 by today, I'm willing to take that risk. More likely I'll be looking to short the bounce around 0.026.

theisland Updated 

We could definitely moon but pull back is more likely. Target retrace levels are 476.5, 470, and 460 (0.618 fib).

theisland Updated 

Large volume gap between 3291 and 3556 that needs to be filled before heading back up again.

theisland Updated 

The DAO bullish-ness is mostly over, technicals are mostly pointing downwards, and we are most likely going back to the "baseline".

theisland Updated 

Triangle has broken out. With stops at the bottom of the triangle (419), I think this could be the best risk/reward ratio trade of the year. Planning to wait until at least 550, depending on momentum I might wait until 600 or more.

theisland Updated 

There hasn't been any noteworthy news for Eth that would cause it to break above the upper trend line since 0.036

theisland Updated 

I'm still long from 0.018. I'm surprised that 0.0175 broke through but daily RSI is now at 30 – I doubt it is going down much further without a bounce. Blue line shows bottom of the triangle support. I'm expecting a bounce back to 0.021+.