How nice, ETH is or might be making it pretty simple for us here. Maybe this is it finally, we're all consolidated in a daily inside bar and we are getting closer to the downtrend. Usually inside bars are best trade in a trend, but since breaking above next week would mean we get out of the downtrend pretty much... That's pretty interesting. Remember what happened when LTC broke out?
BTC is out of its downtrend and could be just chilling the next days, going up but moving more slowly.
Every one eyes will turn to ETH, which is close to breaking out... So if everything goes well, we could get a pretty nice setup here.
A break above the daily inside bar would indicate a bullish day.
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
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Buy order set at 859. I just want to be super aggressive here (small sizing don't have much cash left anyway got so much in BTC since 9500 lol).
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Nice order got filled while I was sleeping.
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We broke falling wedge right now, but won't go very far, Bitcoin is going to bring it down this Sunday. I won't bother looking at it much till it's ither below 850 or breaks up. Tbh I only got 1 single ETH lol (I'm broke put all my crypto trade money into Bitcoin), so no point putting too much effort into it. Better focus on the big trade and make sure I maximaize my profits. Still think ETH is 1 week away from testing that downtrend, maybe it's too early for it to break thought. We'll see.
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Nothing's happening... Closed at 0.0001% profit or something xd Made a solid 50 cents. Need every dollar I can get to day trade NEO rn.
I'm pretty sure it's gonna go up and find a new high that's slightly less than previous all time high. And in doing so, create another big as wedge structure. Soooo Ethereum... Slow and steady
MrRenev
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@roaken, Hopefully ETH gives us a trade opportunity when BTC sleeps "slow and steady" (like in January) so we still have something to trade in crypto. Just need it to go up fast and be volatile for a few weeks after breaking downtrend, so we don't starve while BTC is dead (shitcoins should start moving too just as in January).
After that ETH can go back to slow and steady like you said ye :D
roaken
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@MrRenev, Yeah I think you're right on with this. Alt coins are gonna have a little season coming up here. Although I don't think it will be as epic. I have ADA going from .26 to .72 over a month starting 03/21/18 for example. There's a lot of other alts that seem to be stabilizing at bottom support right now. Curious if the old run away coins will be as over the moon again (Ripple, Tron, Verge) Maybe through 4% portfolio in each just in case :) At the right time of course
CB58
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Currently this market is lifeless. It’s busy going nowhere. I don’t understand selling consolidation recommended by the trend indicator. When you add costs and commissions you get whacked now. The ETH cost is 851 but coinbase charges you 869 per coin. Ridiculous to trade this now .
MrRenev
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@CB58, Wtf? Scam. Use Gdax...Or Bitfinex or anything. Usually fees are 0.15% or less. so 851$ = 852$ with fees max.
Yeah ETH is sleepy atm, but it'll move next week hopefully, or the week after that.
CB58
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@MrRenev, it would be nice if we had some news that was positive. The chart is indicating an up move indeed. What makes you think we have an event next week or the week after ! We need volume and demand.
MrRenev
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@CB58, Because next week if we stay at the same price we'll be at the downtrend next week.
If we drop there's nothing holding it till 800.