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What is Ethereum doing ??What is Ethereum doing? I'm evaluating these two markets (ETHUSD & ETHBTC) in one post And the violet price line in the background is BTC In the 1h chart we are seeing something cool ETH for the breakthrough of its second max ETH for the breakthrough of its second min Kindof looks trapped in the corridor These guys seem Ethereum's new bff also Of course they appear only in the ETHBTC chart & not very much in the ETHUSD chart (bachground) Thus its not a very clear signal Then in the 4h chart we see a more relaxed story Setting new local min and max Nothing seems to explode in the near future And the 1D market more relaxed still But... Considering context, always consider context This may be another page in the story of ETH price 3 bigs tell me this: Big trend change Big volume rise Big price shoot in USD market And, less important So In the end What pattern will the market obey? ETH in a new age of uptrend or ETH just in a normal hiccup Probably none of these, beauty of it, the market doesn't obey Not this market at least Just keep an eye open
by IanMihura
Not Out of the Woods YetOver the last couple days BTC has made a massive correction of up to $1000 on some exchanges. Browsing through my feed I have noticed a couple post of people calling the bottom, and so I feel obbligated to share with you my IF/THEN theory. Based on the chart above, BTC is on it's way to the $4440 mark. This is a possible turning point for BTC. Now, IF BTC continues to push through the the green trendline shown, it is likely that we will push farther to the $4500, $4600, and possibly the previous high. However I do not think this is likely. Here's why: 1. The one day chart on BTC still remains very bearish. Even with the 4 hr MACD nearing its pivot. 2. The ADX is very weak, meaning this short-term trend up could reverse at anytime. 3. Even though the RSI is moving up with the price, it is showing very strong sign of divergence, indicating that this trend may continue down. 4. That downward trendline will hold a massive amount of reistance, which will likely cause all of the above to be proven correct. So with all of the reasons above, I am going to leave of option of this going bullish open, but I am calling a short. My plan of action: IF BTC creates a lower low, I will wait until we pass back into the red zone to trigger my short. This will likely send us back down into the $3000's. IF BTC pushes through the green trendline I will place a long order with my first target being $4500, then following the ones listed above. Regardless of entry, I will post my additional profit levels and stops in the comments below. Thanks again for reading! I wish you all good luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSDShort
by oh92
44
SAN go long at long term sloping trend line support - Blue lineLook to take an entry at the long term slope trend line support at 0.425 - 0.435. The MACD on the 2 hour and 4 hour charts are crossing back to positive correlation and could pivot higher on any sustained price action over the first resistance line of 0.49. This comparison is done on a SAN/USD chart and the correlating functions between SAN/BTC and SAN/ETH might be slightly different when compared to SAN/USD chart. All 3 crypto pairs are trading in a sustained uptrend with confirmed bid support and excellent Technicals. There is some talk that SAN token could get listed on another large Chinese Cryptocurrency Exchange soon. santiment.net is the next big token for growth. At only 30 Million market cap the room for upside potential is looking favorable. coinmarketcap.com Coinmarketcap Info www.stox.com WHITEPAPER SAN has a Demo App for download on Itunes: itunes.apple.com FROM SANTIMENT TEAM DIRECTLY PER INFO ON BITFINEX: Santiment is building the market data infrastructure for cryptocurrency and blockchain assets. It will be the first platform for datafeeds in the space, providing cryptocurrency-related datafeeds, exclusive content streams and a regularly updated database of cryptocurrency projects for reference. This infrastructure gives traders the information edge to maximize profit and mitigate risk. Focus will be on sentiment analysis, content, and datafeeds to start, since crowd sentiment is the current driving force in the crypto-markets. Santiment’s long term goal is to transform how financial information in crypto-markets is distributed. Santiment's aim is to create market standards for cryptocurrency market data, best practices, and project transparency, all available in one place — essentially becoming the data and information hub of cryptocurrency and blockchain assets. Santiment will provide access to datafeeds via mobile and web terminals. We will also directly integrate into 3rd party services such as exchanges and asset management platforms, providing even broader access to an ever-increasing market of crypto-traders and investors. Datafeeds and a data infrastructure make new kinds of crypto-financial businesses and technologies possible. A mobile ALPHA is already complete which includes price feeds, a trollbox sentiment feed, and a sentiment journaling tool. It is currently being tested by early members of our community and will be available to everyone in our community soon.
SLong
by resolution
Don't Let Hope Get the Best of YouAbove I have listed the multiple stages of a trade. A lot of the time it starts with a great buy, which leads to a logical selling point. Rarely do people go through with this. Why? because humans are full of emotion, which a lot of the time will get the best of us. Even though that sell order should be placed, GREED takes over. We hold on just a while longer wanting to make that extra buck. Then the worst happens, the chart reverses. We then hit the DENIAL stage, where we refuse to believe this is happening, we think that Technical Analysis has failed us and the price will somehow come back. Eventually we hit a bit of support! This is the HOPE stage, where we hope that somehow the price will rise high enough just for us to break even. This all eventually leads to the final stage of REGRET. Also known of the land of no recovery. Do not let emotions get the best of you. Emotions are never a reliable way to predict price movements. Emotion is something that we all must overcome, if we wish to succeed in the trading industry. Above, REGRET sets at $4150. This could be an excellent short opportunity for BTC. After just about hitting a triple-top, the BTC rise was rejected, which was immediately followed by a break in the most recent trendline. IF hope prevails we will likely retest the previous high. IF hope fails we will likely hit our REGRET target of $4150 which rests on a previous trendline. Always know that shorting in a BULL market is risky. I advise using caution. If you are not a margin trader, $4100-$200 could be an excellent buy for you. Wish you all luck!
BITSTAMP:BTCUSDEducation
by oh92
13
LONG ETH/USDRight time to open your ETH long positions, this time according to the news! 1. Beijing-based Huobi, a Chinese crypto trading platform founded in September 2013 and one of the largest in China announced that trading in CNY/ETH will begin on Wednesday of this week. Trading will start on 12:00 May 31st (GMT +8). ETH deposit and withdrawal will be available from then on as well. Huobi is offering the following incentives to commemorate listing of ETH: – From now to May 31st, if you trade BTC or LTC, you can get 5mETH for free. – From May 31st 12:00 to June 3rd 12:00, ETH trading commission fee is 0.01%. – From June 3rd 12:00 to June 8th 12:00, ETH trading commission fee is 0.05%. 2. Recently, OKCoin users have taken interest in the development of Ethereum (ETH) and Ethereum Classic (ETC), and there is an increasing demand for OKCoin to enable ETH and ETC trading. For the past two years, we have been constantly reviewing the viability of listing ETH and ETC based on factors including technical maturity, innovation, market liquidity, and compliance. OKCoin will officially enable Ethereum (ETH) deposit and withdrawal services on 22:00, May 31. ETH trading services will be officially available on 12:00, June 1. 3. 1 hour RSI is below 40.00.
KRAKEN:ETHUSDLong
by LSD
1