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ETH to the MOONWe're inside of a bullish pennant within a bull market. I am basing this mainly on fractals. Fractals are honestly hard to spot and even hard to share (at least for me) so I won't focus on them for this explanation, although they are very important for my trading strategy. I have analysed this chart from many other perspectives and using other indicators. I've also read fundamentals about Ethereum on Reddit and other channels. After all this, and even considering I think the DAO was a massive screw up, I honestly see this coin as the only chance for someone from within the establishment (Bill Gates and his allies) to challenge Bitcoin. I wouldn't consider myself an expert on this cryptocurrency, but the fact that the specialised market (smart investors like you) is not 100% sure about this project doesn't worry nor bother me. I believe ETH is artificially been pumped and it's price intentionally been manipulated by one of the richest men in the world, considering this is his brand new project. Am I concerned about this? actually, it reliefs me. I know he needs ETH to get more expensive and closer to Bitcoins price, so the exposure will attract more regular investors that see it as a possible hedge/diversification in the Blockchain world. It reliefs me because if I'm hodling, my ETH is getting more value, and these fundamentals play out we'll go very high, even to 0.1 at least. So I'm not worried we might be going down at this point as I am for other coins such as XMR and maybe DASH which I think are set to collapse in the following weeks. The Ethereum Foundation is doing a fantastic job in getting everyone to believe that they are the #2 coin every crypto investor should and must own. Heck, there is even people who actually believe it will surpass Bitcoin someday. Behind the Ethereum Foundation, there is a fantastic and very efficient marketing and propaganda campaign which its main goal is getting everyone to believe this and get them excited, overhyped and overly invested. Their Reddit is full of those people. In conclusion, even though the technology is basically the same as ETC and even falls behind Lisk, Dash and Monero in certain characteristics, this 'World Computer' the "new genius" Vitalik conceived and sponsored by Bill Gates is the perfect formula to get a narrative going in the style of the new Zuckerberg, Jack Ma, whatever. Because, in the end, they have to frontline certain people so potential investors and new people fall in love with them. You know, the old formula of the old man and his apprentice, the old Gates and the apprentice Vitalik. Old and young people can and will emotionally connect with them both. On the other hand, Bitcoin only has one pseudonym of a "Japanese man" which we know basically nothing about. Yes, the speculation and mystery surrounding Satoshis identity might create more fuzz for a while, but with very negative people in the bitcoin environment like Roger Ver, a division between core and unlimited, and all the negativity around, it is normal and understandable, that, at least while this nonsense fades away and get's solved, we will see a lot of volatility in Bitcoin and a lot of upside for Ethereum. Stop-loss at: 0.034. P.S: My previous three ideas were deleted by mods because I posted my Twitter account in them. I didn't know it was against the House rules.
Long
by CoinMajesty
39
Longerterm Bitcoin OutlookI Believe we will retest and break the ATH where we will ultimately find support looking towards a modest couple of years and a following bull market push toward 4-5k in 2020. Key Assumptions Current Trend is a rising wedge which will ultimately break down and look for support. Assumptions which would otherwise Positively impact price - No Significant Global economic shocks - No immediate ETF impact Assumptions which would otherwise negatively impact price - Scaling Consensus - Chinese Exchange Resolution
BITSTAMP:BTCUSDLong
by filbfilb
1
Xtreme Mega RektThis is your last chance to SHORT. This H&S will play out as it happened in September 2016 and we'll go all the way down to 0.011. Don't make the mistake I did at that time. I bought at 0.023 in September and became a bagholder until this month. I finally sold at 0.024 and took a very small profit. I did learn TA meanwhile so bagholding was definitely worth it, but very tough. So if you're ready to take that chance and baghold until the next comeback, I wish you good luck in that endeavour. Comments are more than welcome!
Short
by CoinMajesty
22
Bitcoin back to 1160I know it sounds crazy at this moment of capitulation, but I think we'll be going back to 1160 next week. Short term we're going to hit the lowest support level at 840-870. It's the lowest red line in the chart. We haven't visited that support level since August 2nd, 2016. After we bounce back, I expect the descending tightening wedge to break up and take us to 1160. There is a strong FIB resistance at that level. If you would like to know why I think it will break up on March 29th, please visit my other chart (it failed but the explanation still matters). If we break down 840, we'll be going into a BEAR MARKET, so watch out! Good luck!
BITSTAMP:BTCUSDLong
by CoinMajesty
28
BTC vs BTU = Sideways until 'Hard Brexit'Bulls and bears are on a draw and fractal logic suggests we're going to be sideways until March 29th. Bulls are going to wake up big time that day. The narrative suggests it will be related to the triggering of the Article 50 by the United Kingdom, in order to do a "Hard Brexit". That means Britain should officially leave the EU no later than April 2019. That also means the Euro will go plunging, so we'll see a lot of volume in Kraken those days and the perfect opportunity to LONG Bitcoin. Alts will suffer due to this, so I would recommend getting ready to SHORT some, specially XMR. I'm not sure if ETH will plunge with the rest so I'll be updating the other chart I posted earlier today. Thanks for reading!
BITSTAMP:BTCUSD
by CoinMajesty
1
BTC WEEKLY CHART: "The Panic Zone" It's F'UglyThis has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That broke the steep solid red trend line I am calling the W.Voss trend. Price has dropped down to support at the second red dot trend I am calling the Chinese Insider trend. Price bounced off the trend and now all the helium has come out of the balloon and price has dropped back down creating a giant $120 sized "Dead Cat Candle". A DCC is a harbinger of doom to the Chinese Insider rally. The fundamental here is that the PBoC , China's SEC, has shackled mainland based BTC exchanges creating all sorts of problems for the Chinese investor to divest. On top of that, OKcoin is teetering on extinction. I would bet my valuable wooden nickle collection that the dotted red trend is kaputski. That leaves the 2 year rally as the only real long term support on the chart down around $850. So here's the real warning to y'all. The counter trend indicators are screaming SELL SELL SELL. The volume has been dropping for nearly 2 years. MACD is about to crossover to the dark side at its highest crossover point since the blow off top in early 2014. The Stochastic oscillator is showing that the current decline still has room to drop. It loosely predicts a decline to the feared PANIC ZONE. That implies a 2 year trend break and then a precipitous drop. Fundamentals: Bitfinex issued an announcement about a grand fork in the BTC hash chain. They and about 12 other exchanges differ with the major miners about how to proceed. Bitfinex leads the market in hedging their bets allowing speculation on the future of each fork. In the mean time investors are bailing into other cryptos. Etherium has taken off, up 300% or more along with several other winners. Not all the cryptos are winners. Litecoin continues to lose value. All of this indecision along with the government thugs have cast a huge dark cloud over all of us. Does this deter me? Not one bit. I'm looking to snatch up some cheap coin. I'm gonna wave my cowboy hat and ride this hydrogen bomb all the way to ground zero. YeeeeeHaaaaahhh.
BITFINEX:BTCUSDShort
by investigator
5
ETHEUR: New ATH, breakout confirmed by proprietary toolsThe 'Range Movement' indicator is confirming the monthly breakout in $ETHEUR, showing new all time highs in it, together with price. So far, all timeframes' signals have been coherent and bullish for $ETHEUR, and every consolidation has led to higher prices after breaking out, since I called the bottom in this instrument recently. Let's keep an eye on it, any kind of correction, sideways pattern, oversold dips, or other setups will give profitable short term and intermediate term bullish trades. Stay ready, and keep some cash at hand to add to longs, or just trade it with margin, but don't go overboard with size. We might slow down for a while here, or a tad higher, since $ETHXBT implies we need to wait until May or even June to get more rapid upside in Ethereum. The fiat chart remains bullish in all timeframes, and indicates we might have little to worry about, holding longs, aiming to hit the long term targets (34-49-270 eur). Bitcoin's recent negative fundamental events might be helping it strengthten relative to it, and in fiat terms as well, since more and more people will opt for investing in it, considering how it fares against Bitcoin's fundamental situation and risks (PBOC regulations, blocksize debate and confllicting opinions between miners and some big investors among others). Good luck, Ivan Labrie.
Long
by IvanLabrie
60
BTC WEEKLY CHART: "The Panic Zone" We've been HoodWinkelvossedIn the event you are unaware: www.theverge.com How much havoc can a pair of twins create in their lifetime? First they unleashed Zuckerberg on the world, got pissy about it, and now this. Then there is the SEC trying to protect us from ourselves. What right do they have to even pass judgement? The answers lay somewhere in the "Panic Zone". (channelling Rod Serling). Serious trend break. I warned you all a week ago. Then I warned you again. This market funk is not over. There will be a pull back to the secondary trend and then a test of that too. We might get all the way down to $800 where the major 2 year trend is. Meanwhile expect a lot of yo-yo bouncing. This is good stuff. We need a pull back handle to form on that giant cup formation. Kind of like compacting a coiled spring. The target launch for the Bitcoin hyper breakout, THE COSMIC EVENT, is now established. A breakout above $1340 is the launch point. The SEC and the PBoC are not capable of stopping this. I have talked about "when" in previous releases of "The Panic Zone". I haven't talked about the Bitcoin market PANIC ZONE in quite a while. It starts at the $560. I've noted this on the chart but you probably thought it was my trademark. It's the zone where all the Adrenalin/Testosterone infested 15 year olds can't take the pain anymore and throw in the towel to create a capitulation bottom. A break through the first layer, $475 to $560, ignites the PANIC and the bottom target becomes $330. We're a great distance from this but I though I would just point it out to be thorough. The last capitulation bottom was at $130 from a $1200 top. Who says it can't happen again. I'm keeping my gunpowder dry. Probably will use some of it at $900 and a lot more of it at $800.
BITFINEX:BTCUSDShort
by investigator
2