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ETHEUR

ETHBTC: Chillax, once more...I'm flat and monitoring the action in $ETHBTC. I think we need to get some kind of sentiment reset to be able to buy it again. In general, I don't advocate shorts in cryptocurrencies, it is a lot more productive to trade the long side only. There are some fundamental risks at play, which would be interesting to see Vitalik Buterin and friends iron out succesfully. For now, I remain skeptical, and the market's exhuberance doesn't do much to calm my anxiety. I will let it form a new buy signal and follow the developments closely to buy back when viable. Best of luck, Ivan Labrie.
by IvanLabrie
15
EDIT: end of the month target for ETHER (EURO)Following yesterday's minor dip (not considered as a dip since it was testing support (source: twitter.com )), I reviewed how ether reacted after major liftoffs (i.e.: 19th May / 9th of June, based on our general LT supports & resistance (in complete line trends) and averaging this month's trending supports and resistance (in green and red --- trends), I'm very confident we will pass the 400€ mark by the 1st of July. Along that, if we consider Ether's behavior after major liftoffs, we can also think about a 448€ target being completed (green pointy horizontal trend) by the end of the month. The yellow dot trend isn't really anything ro think about, it's basically following the present trend and showing the end of month result (still above 400€) averaged on that trend. So ETHEUR target by the 1st of July, would be between 400€ and 438€. Carefull not to trust my analysis as an investment advice, this is speculation based on trends, there's a lot more that needs to be done to guarantee these results, as much as I am confident we will achieve them, we also need to volume. If you thought this was interesting, feel free to like, comment and share! Still a beginner in this so constructive criticism is always welcome.
Long
by kristopherbonnet
ETHEUR: Long term view, chart of all chartsThis is how the Ethereum chart looks, plotted against the Euro using Kraken data. It has been the most reliable instrument to perform analysis on this pair, together with $ETHBTC from the Poloniex feed. Currently, we are tracing a daily, weekly and monthly uptrend. Periodically, smaller timeframes might be in a consolidation or retracement phase, to then rejoin the big picture trend in the monthly. Right now, we can anticipate higher prices all month, courtesy of the daily and weekly signals depicted in yellow and turquoise. This weekend is loaded with fundamental events that can further boost this rally, so I think it is logical to see $ETHEUR hit the daily and weekly top target zones in time or even earlier than expected. After the time expires for these signals, we could commence a consolidation phase, which can take a myriad of shapes, and isn't predictable yet, other than on a time duration basis. Normally, the market will absorb supply from profit taking, which takes a proportional amount of time to the rally itself, so it is logical to observe what Tim West has noted in his 'Time at Mode' proprietary method. So far, this methodology has served me well, and I would be glad to share the benefits of it with people interested in trading these powerful trends. Tim is working on new material currently, you can pm me or him to learn more about it. Now, on to the trading reccomendation aspect, if you're long, consider average volatility to determine your position sizing. During a trend, it is reccomended to gain exposure, and while consolidating, trimming it back down, or outright taking profits. Don't risk more than a 10% drawdown on a worst case scenario basis if trading long term, it will be hard to recover otherwise. Keep your coins safe in hardware wallets like the Trezor or Ledger nano, and make sure you do your due diligence when it comes to cybersecurity, and exposure to centralized exchange risk and margin trading. Good luck, Ivan Labrie.
Education
by IvanLabrie
34
Clear triangle in ETHUSD - breakout time?The last consolidation triangle I posted failed as it needed a bit more breathing room to burn off the steam from the top at 100. This one looks to be much established and as of this posting we are at a decision point in the pattern. Either we go up now and over 100 or we consolidate a bit longer in the pattern and go up later. Either way it looks like a continuation of the bull run is on and would make sense given the announcement of the EEA partners on may 22nd.
COINBASE:ETHUSDLong
by Doingit
1
ETHETC: Watch these price targets and time targetAs much as I dislike ETC, the chart here shows some levels where price could reverse...as well as the time target expiration for the last rally in this pair. Overall, I am in favor of investing in Vitalik Buterin's project, so, from day 1 I didn't think ETC was a good thing to hold. The chart has proved me right thus far, but at one point, it might become a good 'Ethereum hedge' in case of a top in the rally. This could coincide with the point when the monthly trend tops in ETHEUR, so it wouldn't surprise me if that's the case. Just set some alerts here, and stay ready for updates. It might just keep going until the time expires, then we would need to revisit the chart and track progress and update the fundamentals. Cheers, Ivan Labrie.
Long
by IvanLabrie
5