Keeping this post short here. Bullish pennant should take us to $575 based on fib extension. Due to overbought conditions on higher timeframes, we should see a heavy retrace to the .618 fib line at $443.
Overall, my bias is bullish for these next few weeks.
Overall, my bias is bullish for these next few weeks.
交易進行:
Time to look at taking profit for ETH. I'm counting 5 clear waves here with a bearish divergence on the 15 minute chart. Expect a big retrace here due to overbought conditions on higher time frames. My short is open.
Time to look at taking profit for ETH. I'm counting 5 clear waves here with a bearish divergence on the 15 minute chart. Expect a big retrace here due to overbought conditions on higher time frames. My short is open.
評論:
Here is the 4 hour. Next update will show the Daily Chart. Which is concerning. There is a bullish count however, so I would like to show that after the next update
Here is the 4 hour. Next update will show the Daily Chart. Which is concerning. There is a bullish count however, so I would like to show that after the next update
評論:
The Daily Stoch RSI is soooo overbought guys, the MACD histogram is at the highest level in a while with other signs of bearishness. we should fall to a respectable fib level, but that could be dependent on a few market conditions. I'm not sure how much more ETH can push higher. Bullish count coming next
The Daily Stoch RSI is soooo overbought guys, the MACD histogram is at the highest level in a while with other signs of bearishness. we should fall to a respectable fib level, but that could be dependent on a few market conditions. I'm not sure how much more ETH can push higher. Bullish count coming next
評論:
This is the alternate count. So it is a very HARD stop loss at $547. It should not pass that point, and if it does, then the wave would be considered extended, and by that point, you would want to cut losses.
This is the alternate count. So it is a very HARD stop loss at $547. It should not pass that point, and if it does, then the wave would be considered extended, and by that point, you would want to cut losses.
評論:
We can already set breakeven stop losses for the short play. ETH should not break above $533 any time soon.
評論:
We've completed an ABC.. So if we were to continue with a down trend. This impulse wave would be "X".. We'll have to see what happens soon. It looks like a bullish pennant, and could definitely lead to another run. Very odd time in the market, and this is a no trade zone. I'm completely neutral right now until we break a certain direction.
We've completed an ABC.. So if we were to continue with a down trend. This impulse wave would be "X".. We'll have to see what happens soon. It looks like a bullish pennant, and could definitely lead to another run. Very odd time in the market, and this is a no trade zone. I'm completely neutral right now until we break a certain direction.
評論:
5 waves are in. I cannot tell if we will get an extended 5th wave and get 2 more impulse waves. According to indicators on higher timeframes, either or can happen. But I will show an important sloping bearish divergence on the 6 hour. It's just very hard to tell if this is the top OR if we stretch farther up.
5 waves are in. I cannot tell if we will get an extended 5th wave and get 2 more impulse waves. According to indicators on higher timeframes, either or can happen. But I will show an important sloping bearish divergence on the 6 hour. It's just very hard to tell if this is the top OR if we stretch farther up.
評論:
You can make a very solid argument that this is the top. You can also make a solid argument that this could be extended. So next I will show an analyzation of the 12 hr & Daily Chart
You can make a very solid argument that this is the top. You can also make a solid argument that this could be extended. So next I will show an analyzation of the 12 hr & Daily Chart
評論:
評論:
Welp, it did not happen how I expected it to. But the $575 target was hit!. We may reach up to as high as $610 based on indicators. It's a little iffy here.
評論:
One more small wave to complete this big run for ETH.
One more small wave to complete this big run for ETH.
評論:
Extended 5th within an extended 5th. Market is very bullish right now. Though, I do not believe that this uptrend will see the daylight of new highs, we must trade with the trend. Going short is very dangerous, and we must wait for a TON of signs that a drop is going to happen, and we haven't gotten that yet. I believe this trend continues, up to between $635-642 (the next logical fib extension and resistance zone). I'm just waiting for school to finish up so I can concentrate more on trading. I've missed a lot of profits on this run just because of time restraints.
Be very very careful on shorting. Though, the end of the run is coming, we must consider that trading with the trend is easier. You all will get another chance to go long for another big gain, like always, but remember: go long MORE short in uptrends, and short MORE than long in downtrends. WE ARE IN AN UPTREND. Be smart with your capital. Uptrends in crypto are wild, because as soon as you think its nearly complete, you get another leg up.
Note: Just because it is an uptrend, does NOT mean that there won't be big corrective moments. Its necessary to remember that the time frame for this uptrend will be 1-2 months (or until we reach the 10.5-11.5k area). Put the bull hats on when the next correction happens.
Extended 5th within an extended 5th. Market is very bullish right now. Though, I do not believe that this uptrend will see the daylight of new highs, we must trade with the trend. Going short is very dangerous, and we must wait for a TON of signs that a drop is going to happen, and we haven't gotten that yet. I believe this trend continues, up to between $635-642 (the next logical fib extension and resistance zone). I'm just waiting for school to finish up so I can concentrate more on trading. I've missed a lot of profits on this run just because of time restraints.
Be very very careful on shorting. Though, the end of the run is coming, we must consider that trading with the trend is easier. You all will get another chance to go long for another big gain, like always, but remember: go long MORE short in uptrends, and short MORE than long in downtrends. WE ARE IN AN UPTREND. Be smart with your capital. Uptrends in crypto are wild, because as soon as you think its nearly complete, you get another leg up.
Note: Just because it is an uptrend, does NOT mean that there won't be big corrective moments. Its necessary to remember that the time frame for this uptrend will be 1-2 months (or until we reach the 10.5-11.5k area). Put the bull hats on when the next correction happens.
評論:
Bear flag on ETH. $524 for target 1. I believe the run is done. But we must still continue to be careful here. Remember, this market is psycho!
Bear flag on ETH. $524 for target 1. I believe the run is done. But we must still continue to be careful here. Remember, this market is psycho!
評論:
評論:
Ethereum is trucking its way along. $674 is still a possible target, IF we break above this blue resistance line. I'm looking for $655 area to be a heavy resistance.
Ethereum is trucking its way along. $674 is still a possible target, IF we break above this blue resistance line. I'm looking for $655 area to be a heavy resistance.
評論:
Ethereum is freaking wild. It's just moving at a Beta of about 2-3x of that of Bitcoin. So whatever Bitcoin is doing, just use Ethereum for leverage. The TA doesn't even make sense here hahaha. This is awesome to watch but also dangerous. Next target? $733 should serve as a resistance level. But honestly by this point I don't know what the wave count is. BTC is a little more clear, but I'm going to look deeper at some options.
Based on 30 min indicators, we should be seeing a small retrace here.. I would like to enter near the medial line of the BB, we may or may not touch the bottom support line again.