ETHEUR: Fiat chart looks strongIf we break out here we'll get a confirmation in the daily timeframe, although I suspect that we will remain sideways for longer, forming an accumulation range until the market is ready to advance.
If we hold in this zone, we have more than enough reasons to hold our long term longs, and once the trend fires, we can focus on intermediate term and short term trading signals to complement our investment/position trade.
Potential upside in the short term matches the monthly mode resistance, so it is extremely logical and likely to see price go back to the 10 handle or close. I'm interested in seeing if we eventually break it, and hold above, to confirm further, potentially incredible upside over time.
Good luck,
Ivan Labrie.
ETHEUR
ETH Buy the rumour, Sell the news #3!Hi All!
Today we short with the Whales!
Entry: 1230
Target: 1000
We have had a very cool 50% up rally thanks to Enterprise Ethereum ( link) and BTC drop .
However:
Official EE announcement comes in Late February
BTC will recover. PBOC is fudding. BTCC says: BUY BITCOIN!
I suggest we wait for the late February official announcement before we get bullish again. Of course we long it a week or two before, as we buy rumour sell the news.
Happy trading! ;)
ETH: Gradually building a 20% account positionI'm buying Ethereum gradually with BTC over two weeks. I think we'll form a strong base and rally once again, after having bottomed at the low volume support in the weekly chart here, in the fiat chart.
RgMov shows an uptrend, we got oversold, broke the recent downtrend linear regression channel not only made a new weekly high but also expanded the weekly range.
If we break above the uptrend mode, we'll be in good shape to rally over the 100 handle here in the long term, so, don't miss out on accumulating longs here, specially if you missed the first rally before the giant sideways consolidation phase.
If you have insights regarding fundamentals for this move, or any comments, leave them below.
Good luck and happy new year!
Ivan Labrie.
ETHEUR: Update - Longs viableWe can take the long side here with low risk. Size it to fit 0.5 to 3% risk, if price drops against you by 1.9 euros.
Each coin you buy, your risk is 1.9 eur basically. For example, if your account is worth 10k Eur, you can buy a maximum of 157 ETH, which I'd reccomend you buy over a week or two, entering gradually. Split the purchase between a few days, amp up the size on drops, until you have a full position, if not, simply add the same amount gradually. A good time to buy is earlier in the day (5am in Shanghai), which usually aligns with the start of chinese activity in BTC, each day.
Cheers,
Ivan Labrie.
ETHEUR: Go long at marketI think ETH has fallen enough here. The euro value of it will turn around, since it has hit the levels associated with the Bitfinex hack.
If it doesn't go to 5.96710 within the next 2 months, we could see a monthly scale rally in it, probably due to a change in fundamentals.
It's good to see buyers step in here, so, it only takes an increase in activity, and some fundamental news to stage a rally. It's oversold enough, potentially. If you want to buy, you can risk a drop to 5.9671 and enter a 0.5-1% risk long here. Weekly charts show an uptrend, so on any new weekly high, we could see a rally take off.
Good luck,
Ivan Labrie.
ETHEUR: Position trade ideaWe can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETHEUR: DAO Hack and Crowdsale key levelsThe DAO key levels are acting as a guiding light in the land of ETH. It seems the smart money likes to make buyers drown before sending ETH back up. The average time they can hold their breath 'under water' is 5 bars. Let's see if that's the case this time. I'm holding longs and expecting another test of the resistance up next.
For this type of instrument, stops are problematic, and it's simply wiser to adjust size based on the average true range value of your trading timeframe.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETH: Fiat pairs are in an uptrendWe can obtain good information from plotting the product of ETHXBT and BTCUSD or BTCCNY, specially since some of the ETH fiat pairs are not too liquid (worst offenders are the USD pairs).
The weekly has finally confirmed an uptrend continuation setup, so I expect the move up to be really intense.
Try to be in and don't miss out. You can buy half at market, and buy the rest of your position if we get a dip to support. Since we have hit the DAO hack resistance we could see a small dip before marching higher again. Stop losses should go under this week's low to be extra safe. You could opt for using last week's close as your stop too, which would be more aggressive. Any move under the triangle apex on chart would warrant 'buying the dip', keep an eye on it.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETHUSD: Fundamentals improving, uptrend resumingETHUSD has a very nice chart setup, showing proof that bulls stepped in right around the Key level associated with the DAO crowdsale announcement, where major players and new money came into ETH pairs, making ETHUSD and ETHXBT rally as a result of the increase in speculative interest in it, and its love-child, the DAO (descentralized autonomous organization).
The weekly chart is clear as well, and presents a sound technical argument for further upside, so, I'm holding the longs I'm in from around the 10 handle, give or take.
If you're not long, you can jump in now, and risk one average daily range below the key level to be extra safe.
Minimum target would be a retest of the DAO hack key level above, from where the fundamental damage, eroded buyers confidence, sending the pair down rapidly, although, with very little follow through. An excellent buying opportunity...
Once we break over the highs, we could continue to march even higher, fulfilling one of the potential weekly uptrend targets on chart. See comments for the weekly setup.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance 0.02% on such information.
ETH can die nowThe hard fork was a success.
i've been hearing a lot of people saying that if the hard fork succeeded then that was gonna be ultra bullish and all of that.
Well guess what, the chart says we go down now.
Huge bear Div, plus around 200Million dollars worth of ETH just got back in the market and that creates pressure on the selling.
Also there is an Harmonic Three Drive bearish pattern.
Stop loss at the moment is 0.0203 or a little above the cloud resistance
Entry anything above or close to 0.019
Be safe