In this chart I'm analyzing the time at mode trends present in this pair. The trend is clear, we have potential of further upside, and we happen to be long as well. If you're not in this trade, you could enter in a myriad of ways. Even if we happened to get a mode retest, we could still maintain a bullish bias, unless there is a break down with sufficient...
We recently broke a major pennant (triangle). However, that break occurred in a nasty zone. Will we break up or down? I have a strong belief that the former downtrend line from the 36 high will act as firm support in any downward move, whereas the current demand line is weak at best and will likely provide little resistance in a breakout. That being said, I...
I wanted to use the new poloniex data, as it is where most of the volume on ETH is, luckily the new chart is no different form the old chart.
positive flip didn't last long, will it become a negative correlation bias over time? The community sure thinks so, and might be self-fulfilling.
"Gas, you are awaited." Styx It seems like eth is done. After a paid bullish article in NYTimes, eth cought its last bullish breath. - Trendline was broken, yet hammered on 4h. -> should have burst upwards, did not. - AO, ADX, RSI failed to confirm bull. KDJ signalling overbought. - Kumo proved to be resistance. - With no bullish news ahead of us, this is the...
Quick update: We are ready for next trade. After 61.8% retracement, indicators do not look healthy for bulls. By observation, 2470-2480 price mark is the level where sellers are stronger than the buyers. There was an attempt with 35k buy walls to break this level, but it failed. We are going more down. Open shorts. Target, if this is ABCD/bearish flag is 2250....
Cloud is gone Trendline is gone Bullish attempts were extremely weak, only moving price when order book was at its thinnest (desperate). Confirmation for this is seen in RSI. Oversold KDJ during 24th and 26th gave bulls a chance between 26th and 27th... now it's bears turn again. Combined with the massive sell orders we've been seeing on Polo, the bear is...
Yesterday we predicted that 0.02500 is a support, everyone who longed there could make nice profits closing between 2600 - 2700 and if followed me in "Bitcoin" chat room, could see my announcement that we are in no trend now and this is a chop zone. Buy 2500-2550, Sell 2600 - 2700. Turned out to be highly profitable. Right now, it is best time to exit the longs...
This 4 hour chart setup hypothesises that we could be at the beginning of a bearish channel, leading ETHXBT towards a test of two key support levels the first being the volume-based Point of Control around 0.01415. From this point I see a final leg of potential to really test any longs still in the market, and to provide strong buying opportunities as we test...
Quick update: We are breaking downtrend as of right now. This is heads-up to my followers to exit shorts. Today's action was bear trap.
Hi Guys, Guess what.... Maddie is back! Because some of you found my chart's ugly i've made a new layout, with a little touch of pink :) hope you'll like it! Im no't gonna make a very long description on explaining patterns etc so, if this head and shoulder pattern breaks it's neckline for more than 1,5 days, than you should take a look @ my price prediction....
Unfortunately, all positive signals turned bearish at the same time. It feels like some big hands want this down. Do not fight them. Follow the trend. Which now, unfortunately is bearish.
After yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart: Quick denial of dump, downtrend didn't even form. Inverse H&S RSI holding support, quickly rising with higher lows and higher highs
Hi, yesterday we had an attempt at major turning price level 0.03 and we broke it on Kraken. On Poloniex, huge sell walls (15000 ether in one order, etc) appeared and scared the buyers who stopped at 0.02995, which is rather sad. We got stopped out of our trade (and partly exited manually since it was clear buyers are there, just not willing to finish this ...
bubble chart confirmed...sub 0.01 on the way