...I think so. With ETHUSD getting rocked pretty hard yesterday with the GDAX Flash Crash, it would be safe to say some investors have pulled to the sidelines and are still licking their wounds. With that said, I could see ETHUSD retesting 350ish over the next or so and from their it gets dicey once again. This is why I'm currently looking at LTCUSD. Those...
It's a trap..possibly. We've seen a nice move up over the last two days in ETHUSD, but we're at a point where I think we could either see a test (or possible new highs at the extension around 208 and some change) or completing the sloppy head and shoulders taking us back down to around 141. I'll be keeping an eye on things on the 195 minute chart. With the Squeeze...
With BTCUSD running up over the last couple of days, we've seen ETHUSD trade sideways to lower...but not for much longer, so I think. With a Squeeze forming on a 195 minute (+ a bull flag), 78 and 39 minute chart I'm looking for it to make its next leg higher. If you take a look at the daily chart, ETHUSD has been trading in a nice pattern for the last few weeks...
BTCUSD has had a good run up over the last couple of days, but I think it's time for a breather. I've outlined two different inverse head and shoulder options I think could play out over the next couple of days. I've labeled both corresponding shoulders, also aligning with the fib levels roughly around 985 and 950. This coupled with ETHUSD looking to make its...
As I mentioned on Tuesday night, I thought Ethereum was coiling for another move higher. This afternoon around the time the news came out about the delay to the healthcare plan, we finally saw that move come to fruition. As I write this, ETHUSD is up over 5%. If we can see the Squeeze fire on the 78 minute and 195 I'll be looking for a first price target of...
Taking a look at a 195 minute chart, there's multiple things I'd like to point out. First, we have a Squeeze setting up which tells me a big move is coming. Second, we have an inverse head and shoulders (identified in pink). Lastly, we have the bull flag. All three of these combined with the current uncertainty in BTCUSD with the possible hardfork looming, makes...