Greetings everyone! Welcome to this SPECIAL weekend update on ETHER. So Let's first look at the technical's and what they are saying.
6 HR: MACD FLAT
6 HR: RSI, MEH
DAILY: MACD pointing down, really slowly
DAILy: RSI flat, in the middle but pointing down.
Those indicators aren't saying much of anything. But ETH broke it's up trendline a while ago in conjunciton with a wedge-like pattern and then it did basically nothing and then but break down. Now we have another wedge-like pattern and if I had to guess, it will probably do the same thing, basically nothing and then break down. If we look at the last wedge like break down, it moved by $100, so if this next wedge does the same thing, that will put our $600 mark in play. You all remember how I structured it right? Make sure you assess the POTENTIAL RISK of entering so you can manage your RISK, not how much money you can make and structure your entry points accordingly. I will be martingaling my positions in. If you think I am talking about a bird, go look that shiz up and read about it. I have laid it out specifically in previous posts. I also might not just throw buy limits down there like I usually do. I haven't decided yet. Here is why. The initial bottom on this ETH trade should be close to where BTC is around 7k. In that general area. If both start moving down with similar velocity, I will throw buy stops, but if ETH starts moving down quicker, I might hold off. This we will have to wait and see. The thing that would make me consider a move to the upside would be if it breaks above 750. Evne then, it would just be confirming divergence.
Look, I can post that I think these pairs are going to the moon and come up with a BS reason to. Or I could do it simply because if it does go to the moon, I won't look like an idiot. But here's the thing I try and stay CONSISTENT with my overarching themes. Where most of the people shilling their services I will see post it's going to the moon one day and down to 4k the next. If you see me change my overarching position, you know it's because I think it topped or bottom. I don't get right, no one ever does. You will see me have more options of up and down when we are in the middle of something and I will typically start pointing to signs of bottoming or topping. I also try to identify signs of further upside movement, IE in this case, we would look for a break of 750 for further upside. But I hope my posts do 2 things if nothing else.
1. Allow you to see where these large points of inflection are on the charts.
2. Help you assess RISK and give you a better idea of where to enter, but more importantly HOW MUCH to enter with.
Want some consistency and to know the swing plays? Make sure you follow me.
-Sherem
P.S. Could this just be one massive head and shoulders forming? Hmm...
Here is ONE of the posts I started talking about ETH topping:
Here is one of the posts I started talking about ETH Bottoming:
Here is where I NAILED THE TOP WITH SURGICAL ACCURACY.
6 HR: MACD FLAT
6 HR: RSI, MEH
DAILY: MACD pointing down, really slowly
DAILy: RSI flat, in the middle but pointing down.
Those indicators aren't saying much of anything. But ETH broke it's up trendline a while ago in conjunciton with a wedge-like pattern and then it did basically nothing and then but break down. Now we have another wedge-like pattern and if I had to guess, it will probably do the same thing, basically nothing and then break down. If we look at the last wedge like break down, it moved by $100, so if this next wedge does the same thing, that will put our $600 mark in play. You all remember how I structured it right? Make sure you assess the POTENTIAL RISK of entering so you can manage your RISK, not how much money you can make and structure your entry points accordingly. I will be martingaling my positions in. If you think I am talking about a bird, go look that shiz up and read about it. I have laid it out specifically in previous posts. I also might not just throw buy limits down there like I usually do. I haven't decided yet. Here is why. The initial bottom on this ETH trade should be close to where BTC is around 7k. In that general area. If both start moving down with similar velocity, I will throw buy stops, but if ETH starts moving down quicker, I might hold off. This we will have to wait and see. The thing that would make me consider a move to the upside would be if it breaks above 750. Evne then, it would just be confirming divergence.
Look, I can post that I think these pairs are going to the moon and come up with a BS reason to. Or I could do it simply because if it does go to the moon, I won't look like an idiot. But here's the thing I try and stay CONSISTENT with my overarching themes. Where most of the people shilling their services I will see post it's going to the moon one day and down to 4k the next. If you see me change my overarching position, you know it's because I think it topped or bottom. I don't get right, no one ever does. You will see me have more options of up and down when we are in the middle of something and I will typically start pointing to signs of bottoming or topping. I also try to identify signs of further upside movement, IE in this case, we would look for a break of 750 for further upside. But I hope my posts do 2 things if nothing else.
1. Allow you to see where these large points of inflection are on the charts.
2. Help you assess RISK and give you a better idea of where to enter, but more importantly HOW MUCH to enter with.
Want some consistency and to know the swing plays? Make sure you follow me.
-Sherem
P.S. Could this just be one massive head and shoulders forming? Hmm...
Here is ONE of the posts I started talking about ETH topping:
Here is one of the posts I started talking about ETH Bottoming:
Here is where I NAILED THE TOP WITH SURGICAL ACCURACY.
註釋
We are approaching this 675 zone, watch for further down side if we break this area.註釋
Chart update: 
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