Sherem

Sherem Updated 

Position: Bearish What's interesting about LTC right now is that it's rebound off the $100 support line was far greater than any of it's peers. I still prefer Ether over LTC for a trade, but I can't ignore how good of rebound that was. It's forming a similar pattern, a large descending triangle with major support at the $100 mark. Maybe all that support was...

Sherem Updated 

Position: Bearish, looking to scoop dips For those of you who put martingale positions on the last ETH trading position, you made out nicely with the last drop down to 720 area. I scooped up some Ether at 1010 all the way down to 730, for a nice gain of almost $150 per eth when i got out at 959. The daily chart indicates we are in a downtrend on the MACD and...

Sherem Updated 

In my opinion, the case for Ether over bitcoin makes a lot of sense. It's faster, well developed and technically people have shifted a lot to Ether from BTC. (See the ETH/BTC daily chart over the last 2 months.) Whether you agree with that or not. Either way, it should provide for some nice trades, I feel more comfortable with Ether based on those premises and I...

Sherem Updated 

Position: Leaning Bearish. The best trades are always the ones with the least amount of risk. Buying at this point takes on a lot of risk with the possibility of a continuation to the downside. The market has been trending down on a daily and 4 hour chart basis. At this point it's forming a triangle. The triangle could break either way, however I am inclined to...

Sherem Updated 

Trade is active from .01330 ETH for a breakout to the upside. Dual Ascending triangles combined with a cup and handle make for a good swing move to the upside. Concerns: Major sell walls above these points. However it seems that's all they are, that have not been hitting the ask prices as EOS has crept up. Keep a close eye and close stop if you can't stomach...