Get started

Etherium

ETH point of balance analysisA long time ago I watched a trading video by a guy who really impacted the way I view the market. He talked about how there are magnets. (Points where price is drawn to and then rejected from-like a magnet.) To me it makes sense not just in the sense of market maker and large players having key levels they will defend and target. It also makes sense from more of a "metaphysical" stand point. If there are waves ebbing and flowing through webs of fibonacci levels it could be postulated that some of these levels are magnetic. Indeed it can be observed as price often returns to a level again and again before often rejecting from them. Another interesting aspect of magnet levels (support and resistance levels with abnormally high interaction) is that once price passes them it often shoots back as if there were a rubber band from the magnet area. I believe these points of balance can be seen on the chart. For example here I can just sense that the .618 is a possible magnet. If price passes this level it will tense the rubber band from this 109.81 level and shoot back upward. Can you see it? Can you feel how if price passes here it will have gone too far? I can. However there is no guarantee that price will go to a magnet just because it's a magnet. There are always magnets in both directions. Just as there are players with opposing positions. In the end the magnet with the most "pull" wins. Well that's my theory for the day. I'm off to lunch with one of my beautiful women.
COINBASE:ETHUSD
by Demetriostrades
Trading CFDs on margin carries high risk. ETHUSD is approaching our first resistance at 121.77 (horizontal overlap resistance, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur pushing price down to our major support at 102.58 (horizontal swing low support, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSD
by max_rozkovich
Etherium & Litecoin - Bull Trap ahead !(This analysis is the same for LItecoin!) 3 waves have been completed since the high of 1400. I think we might be in an impulsive wave down noted by the Alt : X count. (yellow boxes) Or in a (ABC) move (pink) In both cases, price is (close) to a bottom therefore should startht to find it's way a bit higher. The question is, how high will it go ?? My prefered thought is, it will try and test the upper channel line, probably break a bit outside of it but still fall lower after. I don't think we have seen the end of this bear market because majority of retail traders are still mostly long positioned on all cryptos and unless there is a shift in sentiment and traders start going mostly short by the time we touch the upper channel, I don't think price will go any higher. Once we reach a higher price, we also need to look at the subwaves to figure out if we are in a correction or starting a new rally higher. **Conclusion** We will see price go higher but it's going to be another bull trap, so, don't buy into it !
BITFINEX:ETHUSD
by ElliottWaveBelgium
ETHERIUM, LONG TERM GREAT BUYING OPPERTUNITY.Hello traders! What we are seeing currently in alts market is the last stage of "despair" forming. This means the best buying oppertunity for a long time is coming/has come. I am looking at Etherium and it's looking great for a long term buy in now. 85%+ correction from ATH looks like we are in the last stage before slowly starting a new CYCLE. What i recommend is to buy with NO MARGIN or LOW MARGIN if you know what you are doing. We could still go lower you never know but anything bellow 230 looks good for long term. You need to hold for month's/years. BUY IN BUY ZONE! BE PATIENT! Could give alot of profit (100x potential) but could also give 0 if Etherium dies, you decide if you want to enter or not.
BITFINEX:ETHUSDLong
by Nirland
Ethereum. What shall we do and who is to blame? The share of bitcoin in the total capitalization of the market has peaked since the beginning of the year, and equals 58 percent at the moment. Meanwhile, altcoins keep on storming their minimum values in search for bottom. And Ethereum is rushing into the unknown ahead of the whole planet, ignoring any encouraging comments about cryptocurrencies. The epoch of weak altcoins will last at least until the index of dominance updates to the level of 62-65%. Then, 68% will be the last milestone on the way to a total eclipse of the era of altcoins, and Bitcoin will not be able to pass it very easily. In case it happens, only the top-10 old-timer dinosaurs of the altcoin population will come to life. All sorts of scary stories that the fate of dot-coms will repeat, as cryptocurrencies have already jumped ahead of them having fallen by 80% since the beginning of the year, making market actors' hair stand on end, are bearing fruit. Faith is bleeding off the heart. Even some market actors add fuel to the controversy. For instance, Vitalik Buterin has recently said that the cryptocurrency market will no longer seek to new capital inflows, since making fuss over this topic was aimed at drawing attention to the blockchain technology itself. Coins, endlessly growing after certain news, have become a simple example of how technology can be introduced into everyday life, combining virtual and material worlds. As for the price of his own token, he has spoken very ambiguously. The general idea is that Vitalik is very skeptical about the growth, and his opinion affects the morale of the market. News agencies misrepresent the words of the Ethereum founder in their own way. We can interpret Vitalik's degrading mood in various manners, but we can see the following in the current situation. Ethereum developers agreed to lower the reward for miners to 2 ETH this autumn, while the Proof-of-stake algorithm was delayed for 12 months. Since a lot of people and companies are involved in mining Ethereum, the drop in its rate may be artificial. This drop is aimed at driving as many participants out of the mining market as possible, so that then, when the reward for solving a block decreases, the mining of Ethereum will be profitable. Most likely, in conditions of a reduced reward, the market will look for a new balance point of the cost by supporting the growth of the token exchange value. Such support can be lent by manufacturers of mining hardware. In the future, the reward for mining will keep on decreasing, which may similarly affect the cost. The current situation shows that, the trend to decline has not been broken yet, regardless of the reasons. The technical picture is very peculiar. There is an evident divergence, and any attempt to settle above 0.032 can enforce the impulse. But in this case, even the target of moving towards 0.036 looks fantastic, and it does not make sense to take a lead of it. The first signal for the reversal will already be at the end of a bounce from the support point, or when forming a full reversal pattern in the form of a double bottom or a candle pattern. If we have a look at the ETH/USD chart, everything here is pessimistic too. If we look at the token chart in detail, we will see a pattern of continuation of the trend, protracted from the previous decline. The timing of consolidation has obviously decreased in time, which demonstrates that the buyers are more likely to leave the market than to enter it. Most likely, there will be an even more powerful upsell. A bounce to 224 is not impossible, and the decline may continue afterwards. Based on the continuing trend pattern observed on the chart, we can see that the price is in the middle of the impulse at the moment, and, having preliminary tested out the level of $150, it will continue to decline towards $113. It is likely that the cost of an Ethereum token will decrease faster than Bitcoin. It will be like this until the mentioned levels reach the targets of token decrease, and simultaneously reach the dominance index of 62, 65 and 68 values, and the cost of bitcoin of 5800, 5300 and 4800, respectively. It is ahead of the game to enter the coin before these values are achieved. At least, until the token gives an explicit signal for a reversal. In the current situation, it is better to wait out the market decline in Bitcoin, Stable Coin, or, if you are very conservative, in Fiat. Globally, we will be able to talk about the reversal only if the downstream channel breaks out, but a breakout is not enough. The signal to enter the position comes in when a pattern is triggered. When coming to the consolidation zone 275, the upward movement is likely to resume with the target of 450. If this movement coincides with the matropattern, it is better to move out when the smaller value is reached. On a global scale, we are expecting the growth. But we are still within a falling trend, and there are no visible signs of a reversal. As much as you'd like to buy an asset which has gone 85% down in value, the fact that it is cheap is not enough. It is September 2018, and if you think it is cheap, remember, that it can be even cheaper! We do not want to guess about the reversal moment, so, we will publish the signal to a reversal in an update of the idea. BeNice Team keeps a close eye on the outcome of this situation and keeps its finger on the pulse, ready to give a well-timed signal to act! Subscribe and do not miss the crucial moment! Ethereum is going to show itself!
BINANCE:ETHUSDShort
by benice_trader
12
[ETH-USD] CRASHING MORE! WILL ETHERIUM SURVIVE IN 2019 ?Etherium has been continously diving for a long time now in this bear market of 2018. It is no longer the preferred token/coin to hold for ICO's. Especially this entire year. Etherium use to be the holy grail next to Bitcoin. Now it seems it just has lost all the fame and respect many gave it just months ago. So the million dollar questions is will Etherium survive in 2019 ? Leave your comments below, and don't forget to give me a like if you learned anything on this TA. PS. This is not financial advice. You must perform your own TA and be responsible for your own actions when it comes to trading and investing in the cryptocurrency market. Thanks ,CrytoholicTraders
COINBASE:BTCUSD
by CryptoBuzzAnalyst
2
Inv. H&S Pattern on EtheriumSorry for the late notice, but I've only just seen the inverse head & shoulders pattern on Etherium versus the Dollar. The neckline is sloping which generally leads to a better breakout performance. In addition, volume is decreasing which is also a good sign. A measured move from the the breakout origin at Point (C) targets the $479 area - Point (D). Use a STOP-LIMIT order and place stops below the RHS once an entry position is triggered. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto