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ETHEUR

ETHEUR: Update - Big potential upsideI'm currently long ETH vs fiat, and short BTC, so effectively long ETHBTC / ETHXBT. The chart is quite bullish here, with a strong weekly uptrend, but a downtrend in the daily, which recently bottomed when hitting weekly mode support. I like how the last 4 days acted, and how we're holding above the DAO crowdsale key level, so I added a bit against this zone earlier. If not in the trade, you can risk a drop under yesterday's low, and enter longs in this pair, targetting a potential rally to 31.75 once the weekly rally kicks off. 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.
Long
by IvanLabrie
9
ETH, BTC and LTC: watch these dates and price targetsThese instruments seem to be synchronized, and soon to end a retracement rally. In the case of ETH, which has been underperforming everything due to fundamentals (problems in the code of a sub-proyect), there's potential for a big correction, but only if we cross the key levels on chart in time. If the targets aren't met on time, a contrary move might start, so it'd be of paramount importance to monitor progress in them. Litecoin is above the low volume resistance, which is encouraging, but there's a strong level to the left, and the time at mode target is almost hit; so I reccomend caution. Once BTC hits this top target, I'd look to book profits from my recent long reentries and I'd reccomend you do the same (with at least part of your BTC). Cheers, Ivan Labrie.
Long
by IvanLabrie
6
BTC, Gold, 10 year notes: UpdateAs I had explained in my previous post, it was likely to see an 'emotional high' in these instruments, followed by a sharp decline. After this break down, all these instruments are at a major support level once again, and in sync too. Notes: I'd get out of shorts here and maybe flip long in a few days. Gold: It might have some more room to fall, but if it makes a higher daily high tomorrow, it is possible to see a rally. If short, cover half and trail the stop to today's high after the close perhaps. BTCUSD: I went long with a small risk position, considering a 10% downside risk as worst case scenario. I used spot, have no stop, and no margin. I also bought ETH with a 20% downside tolerance here. The plan is to capture the upside in BTC and ETH once they resume the weekly uptrends they are in, and avoid losses in a choppy enviroment in gold and notes. The trades have been good so far, so try to protect profits first. We will see volatility, so it's good to be prepared. Good luck! Ivan Labrie.
BITSTAMP:BTCUSD
by IvanLabrie
ETHEUR: UpdateWe had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO. Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines). Technically speaking, I think the uptrend isn't ready to resume in full force, since we don't have sufficient time spent at these upper echelons (can't blame me for using the term :) ) to prove that there is re-accumulation before uptrend continuation as per the 'Time at mode' rules. That being said, for as long as we're making 1 new high every 5 bars, we're technically in an uptrend, and for as long as the red dashed speed line holds, bulls are still present in this pair. For now, I reccomend holding ETH if you own any, if you were margin called out of your positions (like I was), sadly you're out with some loss. This brings me to the topic of leverage and crypto trading. If you consider the average volatility these instruments have, paired with the exchanges' problems, right at the worst possible time, you can conclude that is better to just buy the coins with cash, withdraw from the exchange and wait to sell when your price targets are hit, which will force you to adopt smaller position sizes, and trade from a longer term perspective. I hope you found this useful, I'll keep updating this chart once I see clear signs of the uptrend resuming. Check out my updated track record here: pastebin.com If interested in my trading signals, 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 reliance0.57% on such information.
by IvanLabrie
19
ETHBTC: Buy dips!!!ETHBTC has confirmed a weekly uptrend, like I anticipated, while the ETHUSD/ETHEUR chart formed a new weekly 44 bar high in RgMov, Tim West's proprietary trend/sentiment analysis indicator. This implies that the upside is considerable, and we should go long on either a dip inside the box on chart, or a new high. We could speculate and take a half risk position at market price now, and add once we get the aforementioned dip (if it ever happens). In my last publication I had anticipated two possible paths, and it's clear ETH opted for the more bullish case, so, brace yourselves, it can accelerate rapidly from here onwards. If interested in my trading signals, 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! 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.
Long
by IvanLabrie
18
ETHEUR: Two possible pathwaysWe should go long ETH at market, using dollars or euros ideally, but diverting some BTC funds isn't a bad idea either. Keep stops below today's low. (or use this distance to measure risk and use no stops!) If we find price holds above the 7.6078 mark for a month, we could expect uptrend continuation and a move up towards the 9-10.25 range, before rallying strongly again. Fundamentals suggest it's likely to see some accumulation coming into play, due to the start of the slock.it presale today. Thanks to @TheOwl for reminding me: daohub.org This process WILL take time, so, be patient, but this is currently the lowest risk long entry you can take. We'll get further chances to accumulate ETH once we confirm my thesis. If interested in my trading signals, 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.
Long
by IvanLabrie
9
Bull flag or Bull trap?Previous price action has been lots of manipulation with low volume since we reach 0.023 Top could be much higher than anticipated. I would suggest going long around 0.0205 with stop loss 0.0203 Targeting 0.0216 primarily Im making a long from 0.0203 to 0.0216 primary after that we need to watch the signals. if price shows much force and power this could turn out to be a big Bull flag on the 4Hr time frame. So ultimate target could be 0.026 Also 3D chart and 1D are showing bullish signs. 1D could go inside cloud giving push to 0.026 in the upcoming week Trade with caution, be safe.
Long
by lomaxrex
5
Fear & overreaction? Off to Goblin Town!Hi all! We are in crazy times. The unbreakable trendline has been breached and many people are claiming that new uptrend is starting for ETH. What a wonderful time to open a short at a crazy price ^^ Market participants have succumbed to fear & overreacted (especially shorters). The DAO spam has probably blinded many, but the real reason price got this high was due to short squeeze & margin liquidations + chart painting to finish Bull Flag. FA: Slock.it The DAO has cooled . First it was 100k / hour, now it's ~ 2-10k / hour, 5k avg. Too much anticipation of buy pressure on ETH due to The DAO -> it will not sustain, forget figures such as 5 million ether. It will be max 2 million ether. BTC Relay allows for currency-agnostic usage of Ethereum blockchain & DAPPs (Bitcoin, Doge, ...). ETH token will lose it's main intrinsic value (being the requirement to enter DAPPs world). Vitalik himself has numerous times stated that Ethereum is the future, yet Ether is not a storage of value, just "gas". Digix DAO will start selling ETH. We just don't know when, yet. The DAO will start selling ETH too, and from a pump will become our fuel to goblin town. We just don't know when, yet. Bitcoin community has yet again been a victim to chaos & FUDs today. Will the real Nakamoto please stand up? We all know the story... but what's important, there hasn't been a strong dump. And there usually is. Why not today? Given the fact that Gavin Andresen had his committer rights revoked , etc... we can only state that the underlying market structure of Bitcoin is strong and thus Bitcoin is a buy. -> BTC price will rise soon. Expect negative impact on eth/xbt price. I believe that BTC Relay will bring Ether token price down a lot over the coming weeks. It allows using Ethereum without the need to own Ether. Find a spot to short eth you are comfortable with. Some more confirmations would be wanted from TA point of view before entering a position, unless you are seasoned trader. For explanation, see chart. A bounce is expected once hitting the red trendline. Once its broken, it is OTE short zone. Shorting anything above it is less certain, but comes with more potential profit. For EW fanatics, I like this jesse charts .. Happy trading! :-)
Short
by MarcelV
40
Triangular formationHi all, After our successful long from ~ 1630 to ~ 1730, we are now more comfortable in declaring the current situation as a Triangular formation. See all explanation in chart :-) Do not go all in, I don't have exact targets nor stop-loss for this trade yet. It is possible it could fake out to the top due to thin order books. So, stay relaxed... Keep in mind, we are also in long-term downtrend, as per Behemoth analysis. Happy trading! :) P.S. If you wanna invite me for a coffee over the internetz, blockchain.info
Short
by MarcelV
9
Great entrance for ETH ShortHi All, After our successful long position from 1540 to 1750, we are now going to short. Because we are still in massive Behemoth down-trend, we will have two targets for our short. One medium-term, one long-term. Entry: 1730-1760 1st tgt: 1520 2nd tgt: 1124 Stop-loss: 1850 -> I believe the upside is limited from here. Anyways, 1850 would break major trend-line & invalidate our trade. TA: Strong Bearish Divergence. Double rejection of 70% RSI. Intermediate trend-line hit. My opinion is BTC will continue its uptrend after today's massive shake-out (which every1 waited for to happen). FA: DAO launch was false rumour: twitter.com For more fundamental and technical analysis, read Behemoth short, which we are biasing all our subsequent trade ideas on! Happy trading! :)
Short
by MarcelV
31