ETHEREUM

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Ethereum is in a fairly stable price channel, for now, but…

…can Bitcoin continue to drag Ethereum upwards?

The ETHBTC pair is not doing great at all, but it’s more a function of ETHUSD not going up at the same rate as BTCUSD, rather than ETHUSD selling off, which is encouraging. If ETHUSD continues to be pulled upwards by BTCUSD then USD/Fiat/Cash traders will follow the safe” high cap altcoins like ETH.

How is the price action looking?

Price consolidated in a triangle at the beginning of the year, broke upwards, retested the breakout, then resumed the upward trend in a fashion that has made a clear price channel.

The upside target would be near the upper limits of the channel where there is convergence with the horizontal price level/retail raid starting around $450. Downside will see price action traders rethinking their strategies if the price drops through any of the 3 small red horizontal lines on the right side of the chart.

All of 2019 has the StochRSI resolving at overbought each time it has left oversold. If that trend continues then the possibility of price reaching >$450 is high.

Disclaimer

Is Ethereum in the Midst of its Seasonal Trend?

The Ethereum / Bitcoin pair seems to be in the midst of its seasonal trend…for now. If the Bitcoin bear market proves too strong then it will suffer and follow Bitcoin lower.

Ehtereum 1Day Chart | 12-30-2018
1-Day Chart

The ETHBTC 1D chart should be making the blue box formation now. The break in direction out of that blue box has been the “set up” trade versus the December 6th “knife catch” trade the past few years.


Ehtereum 1Day Chart | 12-30-2018
1-Week Ethereum

The 1W chart shows much of the same. In this one we are also taking note of the momentum as it is also making the same pattern as previous years. If ETHBTC can get a 50 to 100 day trend then the first hedging opportunity is: the close after the blue bar prints on the weekly.

It seems like the blue box on the daily should coincide with the weekly momentum reaching overbought. That confirms the view that the break in direction will form a new trend. That being bearish until it is oversold again, or bullish until the blue bar prints, and then reevaluate the market conditions.

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Disclaimer

ETH Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see ETH has been bound to certain key dates. It is now time for it to start making its seasonal pivot.

 

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Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

Ethereum Classic (ETC) – Possible Accumulation Zone

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Click Chart to Enlarge

 

Accumulation Zone?!

 

It became clear near the last all-time high that Ethereum Classic (ETC) was possibly setting up to make the BTC crash cycle fractal. Once it confirmed I started following daily and making it part of the members updates. No fractals are 100% perfect, but this one has been pretty good so far. The markdowns happened much like BTC’s during the crash cycle. The possible accumulation zone right now is acting a bit different, but still close enough that his becomes a very attractive trade setup.

 

Currently the price is coming off of what should be the floor of the larger move. Therefore the Risk v Reward for this trade setup is more favorable than most. An area of concern is that it could spike through the floor like BTC did to stop-out everyone that gets right now. But that is a possibility with any trade. After examining the chart it seems like the horizontal bull/bear pivot is located above the dotted white line (the local price floor) and above the red moving average. This seems to sit at about 0.00211120 satoshi’s. Area’s to consider averaging in would be the price floor, just above the red moving average, the breakout above the solid horizontal white resistance line, and the throwback to the solid horizontal white resistance line. Short position is activated below the price floor. The temporary localized floor is less than 2% away which makes for a great area to place a tight stop on longs or the place to start shorting.

 

In the last article on the website we were looking for BTC to push down into Equinox. That has started happening and because of that the possibility of ETC rising is greater. Follow that fractal and happy trading!

 

 

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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

$DAO

The DAO (DAO)

DAO Hacked?

DAO
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DAO
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The DAO raised over $100M USD and is the largest crowdfunded project according to wikipedia, yet somehow it is being attacked. I am more of a chart person than a technical person, but it is baffling to have over a Hundred Million Dollar bankroll and your not prepared for everything. If someone is “stealing” coins and dumping then it could go on for a fairly long time. This is all really too bad because the chart was acting very bullish. However when the attack stops the snap back of price will be very profitable. Watch The DAO for an entry once the dust settles.

 

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Jun 17 2016

ethereum Coinstreetnews.com

Ethereum (ETH)

Ethereum
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Ethereum

The Ethereum to Bitcoin fractal we have been watching has still not resolved itself. As you can see there was diminishing volume but it is still unresolved at this point. As marked on the chart, while it is range bound playing the volatility of BTC is far more profitable until the ratio exits this tightening range.

 

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June 16 2016

Ethereum (ETH) to BTC Bubble Comparison

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Click Chart to Enlarge

Ethereum / Bitcoin Comparison

Here is a recap of this fractal again and what to expect through out June. We have been trading this for a while now, so until the fractal is invalidated it’s best to assume it will continue isn’t it? I think so.

The only real way to invalidate it is for the price to breakout above the white wedge the price is currently trending inside of. Other than that I think the picture tells the tales of highs & lows better than I can describe it.

 

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June 1 2016

 

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