ETHEUR: Potential uptrend continuation soon
The ETHBTC chart implies we need to wait until July 27-29th at least, but the fiat chart shows time can be a bit shorter for the start of the rally. There's still a chance to go lower during this time, so, I won't take action until it is clear we hold here for longer. I like how sentiment is quite negative on $ETH lately, and how people are scared about risks in $BTC as well. We can get a good uptrend continuation signal in the weekly timeframe soon, to rejoin the monthly rally, which is active until we hit that red vertical line on chart. Then we could see a larger correction back down, in a crash of epic proportions, or, simply, a slow and lengthy grind, to extend until 10 months later than that.
In the short term, my reccomendation is to stay on the sidelines, but prepare to add cash injections to your crypto accounts once more, to buy into the $BTC and $ETH comeback close to the end of the month.
I will get instant flak, for this chart, I'm pretty sure people will find the targets insane, but it is what the chart shows as possible/logical. Fundamentals seem alright to me, but once approaching this zone, I would be scared of a bullish sentiment extreme and a rapid 'bubble burst'.
Cheers,
Ivan Labrie.
In the short term, my reccomendation is to stay on the sidelines, but prepare to add cash injections to your crypto accounts once more, to buy into the $BTC and $ETH comeback close to the end of the month.
I will get instant flak, for this chart, I'm pretty sure people will find the targets insane, but it is what the chart shows as possible/logical. Fundamentals seem alright to me, but once approaching this zone, I would be scared of a bullish sentiment extreme and a rapid 'bubble burst'.
Cheers,
Ivan Labrie.
Giao dịch đang hoạt động:
Bottom's in.
Bottom's in.
Giao dịch đang hoạt động:
Now there's enough time to rally, and we broke the inside trendline here...I'm long.
Now there's enough time to rally, and we broke the inside trendline here...I'm long.
Bình luận:
If you read the updates you can see we nailed this so far.
Now looking to add more on dips, etc.
Now looking to add more on dips, etc.
Bình luận:
Bình luận:
I'm waiting to rebuy $ETH, I rode the rally in $ETHEUR from close to the bottom, except for a few points. I did lose some on $ETHXBT but I think it can end up turning up in a few days. Watching it to reenter.
I'm waiting to rebuy $ETH, I rode the rally in $ETHEUR from close to the bottom, except for a few points. I did lose some on $ETHXBT but I think it can end up turning up in a few days. Watching it to reenter.
Bình luận:
I'm long from the 252 zone.
I'm long from the 252 zone.
Bình luận:
Holding ETH, bought with $BTC from 0.06887, added at 0.07723.
Holding ETH, bought with $BTC from 0.06887, added at 0.07723.
Bình luận:
Good summary of the situation in China: www.youtube.com/watch?v=MD3P935-...
Prices have fallen after the last daily uptrend signal time ran out, this is normal behavior. If we hold over 220 eur we are overall safe, we need to see liquidity show up and buyers scoop up the supply. For now, we can be under pressure for a while, but not too risky yet.
Prices have fallen after the last daily uptrend signal time ran out, this is normal behavior. If we hold over 220 eur we are overall safe, we need to see liquidity show up and buyers scoop up the supply. For now, we can be under pressure for a while, but not too risky yet.
Look at the yellow vertical line, timed the end of the correction correctly...again.
Weekly trend can turn up soon, for now, daily is up, monthly is up, weekly about to budge.