Ethereum: how altcoin bull markets usually die...

2016년 11월 21일

Ethereum looks really bad, and without any fundamental catalyst, the best trade here is "no trade".
I think it's due for a long term decline, based on the 3-week timeframe signals, we could see some buying when we hit the 0.0075 mark, give or take.

It appears as if it's simply drifting down, on low activity, due to lack of any developments, and investors giving up, and simply accepting any fill to get out of this market. Fills are rare, as you can see in the volume graph, so, it creates this slow drift to the downside, with smaller and smaller bar ranges.
I hope no one is long this here, and if you do, I'd assume you're insider cause, as of today, there's no reason to buy it.

Good luck,

Ivan Labrie.

2016년 11월 25일

노트

Update: There was a hard fork, deemed succesful, we could see a turn here.
You can buy a small position, risking a new daily low perhaps. But keep risk small.

2016년 11월 25일

노트

2016년 11월 27일

노트

If price doesn't come and close back above the key level here, the downtrend will resume.

2016년 11월 28일

노트

Looks dangerous for longs, better to stand aside, or short possibly. If we break into new lows, it's probably continuing lower.

2016년 12월 9일

노트

We hit the bearish target and bottomed here!!!