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Vitalikbuterin

ETHEREUM AT LOWEST LOWS SINCE NOVEMBER 2017 !!!Bitcoin! Bitcoin, wow look how good it's doing let's buy some!! No. If you have been in crypto more than a few months you already know to NEVER BUY INTO A BULL RUN. So while I'm waiting for a good entry for BTC I decided to check on good ol' Ethereum. The chart honestly looks amazing so unless you truly think Ethereum is about to totally die (it's not). I got in at $283 , noticing some serious short term bullish indicators on the RSI. As you see we are being confined to my "red zone" , price staying steady but RSI experiencing some pretty heavy swings. Ethereum is still #2 under Bitcoin for overall market cap and it's oversold with extreme upward potential. So many ways to play this, but I think the best bet is to HODL. I remember Ethereum going from 350 to 700 almost overnight shortly after some negative press, and surely has the power to do this again. This looks like a perfect setup for alt season. ETH/BTC and ETC/USD are both looking very tasty right now. I think BTC needs some sort of correction before heading upward, so maybe the focus will shift to overlooked ETH for a bit. That's what I'm hoping on. Of course I am not a professional financial advisor and this is not financial advice. Trade safe. Please leave a like if you agree and feel free to troll me in the comments below!!
BITFINEX:ETHUSDLong
by peakindicator
10
Ethereum Price Analysis: Probably a Great LONG-Term and Short-TeSo, let’s not make any bones about it. I was wrong on this call. Unfortunately. Stopped out! Above is a look at Ethereum on the H6 chart. I pick the H6 because it tends to give me the best of both worlds when it comes to the lower TF charts. What Happened So, as the price of Bitcoin (specifically) spiked, Ethereum did not go up with it. This is the case for many of the other altcoins in the market during Bitcoin’s run up to $6.9k. However, as the price of Bitcoin began to consolidate it’s way back down to the sub-$6.5k range, the rest of the market continued to plummet with it. As you can see in the screenshot above, Ethereum was no exception. Ultimately, despite me being wrong, it wasn’t an egregious mistake because the price of Ethereum hasn’t necessarily gotten throttled. Currently, it’s down about 7% from where it was at the entry of the trade that I had recently listed. The S/L was only 3% down to maintain our >1:2 R/R ratio. There’s definitely potential for a double-bottom if you look at it correctly on the chart above. I made it a little easier to identify with the golden circles. Of course, the price would need to breach $318 first. Fibonacci Levels For those that believe in the Fib levels, this price has buoyed right against that 78.6% retracement mark rather well (this is on the daily). Conclusion This is a fairly short analysis, because I didn’t think we needed to do too much with this. The price is pretty self-explanatory at this point when it comes to $ETH and we’ve already laid out the overhead resistance points. I don’t anticipate that the “bottom” for $ETH is more than 50% below where the price is at this very second, and that’s probably true for most projects in the T100, so buying here and just holding for the long term isn’t a terrible decision at all. In my opinion (not financial advice), if you are not a trader but you’re still someone that is looking to hop in the markets and make a couple bucks from holding some good positions, Ethereum looks like it’s a good buy. I’m not sure how long that it’ll last in the grand scheme of things, but I imagine that it will one day surpass the price that it is at now. If it doesn’t, then it’s just simply going to die. So, we’re getting at that point in the bear market where you either have to “believe” in the tech itself, or accept that it’s going to die. Pick one. And if you believe in it, then investing at this point sounds like a righteous idea. If not, then stay the hell away!
BITFINEX:ETHUSDLong
by librehash