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ETHEUR

Minimal-risk short opportunityHi guys, A quick chart! Our Behemoth short is still valid. Looking at the recent development, I feel confident enough to pronounce this as a good short opportunity for those who are not short yet. I myself have added a considerable amount of shorts at 2250. The trend line is holding. It's breakout is our hard stop-loss. (In Behemoth I marked it at 2250 price level, but we rose too fast, the trend line is still at 2300 .) Target is 1124 . Ok, now why would you want to short this? From 1H TA perspective: First, we have the strong trend-line which has never been broken before. Second, there is a great Bearish DIV on RSI. Third, KDJ is showing overbought and turning red. Fourth, the infamous H&S pattern seems to be reaching its completion -> the pattern sux and so I think it won't complete fully. Happy trading! P.S. For more analysis on ETH, read-up on the latest long-term chart:
Short
by MarcelV
9
Behemoth short - sell the news #2Hi all, We took short today from 2006, which went fine. Second thoughts were dispersed when 3-day triangle went south. Following a nice 25% recovery from 1650, psychological level 2000 failed to hold. Scheduled sell-off is going to take control from here. Expect strong bear trend continuation, with acceleration towards 1124 target. Technical analysis is explained in the chart: Kumo, AO, RSI, DMI = bear! Gann, Fibo reveal the target. Fundamental analysis: - btc is rising - 33K gas created every day and in pos it will be 165K - money is moving to older exchanges like BTCe right now. Expect pump on older alts like LTC, PPC, NMC - whale capital is leaving polo - still unresolved technical / inflational issues - sell the news article - ETH inflation rate per year in POS 100%. So 180 million tokens by end of 2017. When to short? If you followed today's idea, you shorted at 2006. If not, now is a good time to short from 1935. Triangle was broken and as such, downtrend continuation is confirmed = less risk. Soft stop-loss: 2000 Hard stop-loss: 2250 (trendline break) -> would signal a bull market. Until then, this is bear market. Happy trading!
Short
by MarcelV
13
Buy the rumour, sell the newsETH bounced from last significant FIB Speed trendline and is now touching the top of the triangle. A few minutes ago, Coinbase released the news which was leaked two days ago from Google cache. Visual Studio supports Ethereum. ,,Buy the rumour, sell the news." Trader Bible, pp. 1 I am going short here. It is a very risky trade with not that high chance for success, but with very nice Risk/Reward. Entry: 2940 - 2990 1st tgt 2150 2nd tgt 1590 - 61.8% fib retracement Stop loss - around 3000, might be careful for stoploss hunt. For more insight on bearish bias, see previous analysis. Happy trading! www.coindesk.com
Short
by MarcelV
6
Styx calling names... GAS..."Gas, you are awaited." Styx It seems like eth is done. After a paid bullish article in NYTimes, eth cought its last bullish breath. - Trendline was broken, yet hammered on 4h. -> should have burst upwards, did not. - AO, ADX, RSI failed to confirm bull. KDJ signalling overbought. - Kumo proved to be resistance. - With no bullish news ahead of us, this is the OTE short zone. As can be seen on the following graph, whale capital is leaving Poloniex wallet aka moving to BTC: www.bitcoinrichlist.com ETH unfortunately has been facing some technical issues lately, e.g.: twitter.com Perfect trade is ahead of us. 1st target 2250, 2nd target 1850. Soft stop loss 2830. Hard stop loss 2950-3050. Time to sell this overpriced gas :) Happy trading!
Short
by MarcelV
1
Bulls giving up hope on ETH Cloud is gone Trendline is gone Bullish attempts were extremely weak, only moving price when order book was at its thinnest (desperate). Confirmation for this is seen in RSI. Oversold KDJ during 24th and 26th gave bulls a chance between 26th and 27th... now it's bears turn again. Combined with the massive sell orders we've been seeing on Polo, the bear is strong with eth. Where to short? Anywhere between 2600-2650, lower is safer to not miss out, higher is better RR. I distributed into several sell orders. Plus, you have to take into account that BTC is bullish... and the sentiment in chat seems rather bullish. Today's Published idea by LastBattle appeals to me: . Plus, whales are entering XMR and getting ready to enter Lisk. Btw... while writing this idea, price dropped from 2600 to 2580. I still suggest trying to short higher. We are having some chop attempts and the amount of buy orders till 2500 is heavy, so small bounces are to be expected. Happy trading!
Short
by MarcelV
1
ETH holding on by a thread hereYesterday we predicted that 0.02500 is a support, everyone who longed there could make nice profits closing between 2600 - 2700 and if followed me in "Bitcoin" chat room, could see my announcement that we are in no trend now and this is a chop zone. Buy 2500-2550, Sell 2600 - 2700. Turned out to be highly profitable. Right now, it is best time to exit the longs if you haven't done so yet. 2650 was a "test zone". However, it met no support . Instead, manipulators abused thin order books and squeezed many shorters out. The whales do not want the "weak hands" to be onboard of the Titanic, because those take profits too early and would slow the dump. Indicators not saying too much now, Ichimoku providing last support. Observing the price action at poloniex today, I saw manipulators taking advantage of thin order book, and moving price from 2600 to 2670 buy a single 1700 eth buy, which is very low. Then, they dumped into the panic buyers. No support provided at key points like 2650 or 2600. This will sink, eventually, when enough weak hands have been shaken out.
Short
by MarcelV
7