First take the mETH, then feel the dETH

2016年4月28日

We can all admit at this point that ETH (a.k.a mETH or dETH depending on which side of the aisle you stand) has just went through a price bubble. Price is currently trading ~ 55% below the bubble high. In my view, the market has failed to capitulate to the selling pressure. I think the chart shows a nice set up for what should produce a capitulation event in the coming weeks which should sent price tumbling down 70-90 % off the bubble high. I have a potential outcome outlined in the chart.

2016年5月2日

註釋

Descending triangle failed to maneuver into capitulation. A strong reversal appears to be underway.

2016年6月10日

手動結束交易

Oops this trade closed a long time ago. The market did not capitulate. More bullish tendencies could lead to an interesting future. But I wouldn't bet on it until the market proves it's worthy. Still a very shortable future for this youngster.