Still bearish sentiment
Topic: ETH - Unofficial Trading Thread (ETH/USD ETH/BTC) (Read 932 times)
Alright so re-shorting here at ~0.93 ETH/BTC. And will also reshort at the lines OR trendline off the ETH/USD charts
Still bearish sentiment
Still bearish sentiment
Alright exciting times. My sell order filled at the $253 area a couple days ago and well into profit and covered a little since on the long term we are sitting or close to possible support which might or might not hold.
Looking at the 6H ETH/BTC chart. We Break important support at 0.093 ETH/BTC, which will probably be resistance. We might have possible support in the red shaded region ~0.085 ETH/BTC. Will watch that area for confirmation before I cover my short. If you look on the daily. The ~0.085 ETH/BTC area looks like the demand area for a bull flag that formed from 0.085-0.153 ETH/BTC. Looks like a good area to go long with confirmation.
Now looking at the ETH/USD chart. We are basically sitting on support @ 210. My guess is <$200 lots of stops under that. We will most likely at least test that area. That and there is huge trendline resistance. Overall for the long term Daily/Weekly, we are in a huge bull flag formation which can retest the May 2017 areas at ~ $100 ETH/USD
So wait until $210 breaks and then short or wait for a bounce from $210 and short at the trendline or ~230. I am pretty sure we will get some bull confirmation before we are suppose to go long, but for now just stay bearish.
Looking at the 6H ETH/BTC chart. We Break important support at 0.093 ETH/BTC, which will probably be resistance. We might have possible support in the red shaded region ~0.085 ETH/BTC. Will watch that area for confirmation before I cover my short. If you look on the daily. The ~0.085 ETH/BTC area looks like the demand area for a bull flag that formed from 0.085-0.153 ETH/BTC. Looks like a good area to go long with confirmation.
Now looking at the ETH/USD chart. We are basically sitting on support @ 210. My guess is <$200 lots of stops under that. We will most likely at least test that area. That and there is huge trendline resistance. Overall for the long term Daily/Weekly, we are in a huge bull flag formation which can retest the May 2017 areas at ~ $100 ETH/USD
So wait until $210 breaks and then short or wait for a bounce from $210 and short at the trendline or ~230. I am pretty sure we will get some bull confirmation before we are suppose to go long, but for now just stay bearish.
Eth will go above $300 in the next few days.
Alright covered some here at the low ~0.093 ETH/BTC since its important support that might hold. Will look to reshort higher. Possibly back in the ~0.1050 area.
On the ETH/USD, I am pretty sure the $210 will be retested and most likely break and break the $200 causing a huge sell off. There is also a huge trendline resistance (not on chart). Will reshort at the $253 area most likely depending on how it reacts when it reaches that area.
On the ETH/USD, I am pretty sure the $210 will be retested and most likely break and break the $200 causing a huge sell off. There is also a huge trendline resistance (not on chart). Will reshort at the $253 area most likely depending on how it reacts when it reaches that area.
Added to my short at ~0.1050 ETH/BTC. Will see if the pivot at ~0.927 holds.
Also watching the $250 ETH/USD areas and seeing if it will break
Also watching the $250 ETH/USD areas and seeing if it will break
Still short from ~0.11 ETH/BTC, my order at ~0.13 never filled.
Watching this area for a quick scalp. Seems the ~0.1050 area is holding but might break-downward soon.
Watching this area for a quick scalp. Seems the ~0.1050 area is holding but might break-downward soon.
Yea. Definitely looks to be trending downward. However, the rumor of one of the first investors dumping probably has a lot to do with all of this whether it is true or not. I definitely see the price going back up around the ath in the future.
Still short from ~0.11 ETH/BTC, my order at ~0.13 never filled.
Watching this area for a quick scalp. Seems the ~0.1050 area is holding but might break-downward soon.
Watching this area for a quick scalp. Seems the ~0.1050 area is holding but might break-downward soon.
Currently sitting on a loss with my partial position. I got an order pending for a short at around 0.12 ETH/BTC.
Looking on the ETH/USD its currently sitting on trendline resistance, depending what happens in this area. I might close the positions at a loss. Since afterall we are still in a strong bull market and a new ATH and flippening is not off the table yet.
Looking on the ETH/USD its currently sitting on trendline resistance, depending what happens in this area. I might close the positions at a loss. Since afterall we are still in a strong bull market and a new ATH and flippening is not off the table yet.
Adding a short here at ~0.11 ETH/BTC and $275 ETH/USD.
Will add more with confirmation.
Will add more with confirmation.
We have a confirmed break. So long term I am still bullish but the short term is bearish sentiment.
Looking at the ETH/BTC chart I am looking for some support at the ~0.08 area and looking to go short at the right shoulder/previous support area.
Looking at the ETH/USD chart, there is no real support, maybe at the $200 or $100 psychological numbers. I am looking however to short either at the previous support area $250 or at the trendline.
Looking at the ETH/BTC chart I am looking for some support at the ~0.08 area and looking to go short at the right shoulder/previous support area.
Looking at the ETH/USD chart, there is no real support, maybe at the $200 or $100 psychological numbers. I am looking however to short either at the previous support area $250 or at the trendline.
Really surprised that there isn't a main thread for speculation of ETH since its the largest alt-coin out there. So decided to create one.
This thread is only for TECHNICAL trading NOT FUNDAMENTAL trading. There are already enough fundamental threads about why ETH is a bubble, ICO scams, centralized, etc, etc.
Post your ideas and NO CHARTS IN HINDSIGHT.
Here is what I am currently looking at. Basically we are sitting on important support, if this support breaks then looks like there might be a huge sell off. If it holds we might head towards the last ATH or stall in the red shaded area which was previous support and resistance on the hourly.
Looking at the ETH/USD we are in a descending triangle. Hence we are currently sitting on important support and if support breaks, we go down. If the trendline breaks, we go up.
This thread is only for TECHNICAL trading NOT FUNDAMENTAL trading. There are already enough fundamental threads about why ETH is a bubble, ICO scams, centralized, etc, etc.
Post your ideas and NO CHARTS IN HINDSIGHT.
Here is what I am currently looking at. Basically we are sitting on important support, if this support breaks then looks like there might be a huge sell off. If it holds we might head towards the last ATH or stall in the red shaded area which was previous support and resistance on the hourly.
Looking at the ETH/USD we are in a descending triangle. Hence we are currently sitting on important support and if support breaks, we go down. If the trendline breaks, we go up.
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