The_Cannalyst

Still bearish?

The_Cannalyst Telah dikemas kini   
BITFINEX:ETHUSD   Ethereum
I am waiting for a bigger/final shakeout candle down to the ema 200.The rsi is still too high at present so i exspect a further sellingwave.

The downtrend is full in tact...as Long as eth can not beat that downtrend i would not go Long..it is a classical falling knife

Komen:
oups..
Komen:
here we go?
Komen:
sl adjustment @ enrry could be a good idea..make the position risk free and trail it
Komen:
if we cross the last "2" adjust the sl to the actual "3?"
Komen:
in the shortterm view we perhaps can see just a daead cat bounce..the rsi made a sellijg signal in this tf
Komen:
we should not break through 151,95
Komen:
konsequent!
Komen:
Komen:
Komen:
phantastic
Komen:
sl adjustment
Komen:
rsi is friendly now
Komen:
if eth could break this dominant downtrend, this trade could be a MONSTERTRADE
Komen:
Komen:
Komen:
Komen:
Komen:
H&S ?
Komen:
perfect!!!
Komen:
!
Komen:
Komen:
Komen:
Attention pls! :-) We are trading exactly at the MoB! A decision has to be made NOW!
Komen:
phantastic 1-2-3 game :-9
Komen:
RSI is overbought now
Komen:
rsi told us the truth again...the dip was not as deep as i thought
Komen:
if this really is a breakout a huge buying wave could be initiated....the first tp is still the 38,2 fibo on it`s way up
Komen:
wow..reached the next tp...awesome!
Komen:
the 38,2 is not far away....
Komen:
crazy....! kissed exactly the 38,2 fibo..cheers !
Komen:
rsi in the hourly is overbought again...perhaps we see a really nice bottom..perhaps a H&S?
Komen:
Dagangan ditutup: sasaran tercapai:
crazy
Komen:
kissed nearly the next (0,5) fibo..wow watch the rsi!
Komen:
upmomentum is still i tact
Komen:
next buying wave ahead?
Komen:
again 10%?
Komen:
rsi is overbought...so i have illustrated an alternative way in my Chart...
Komen:
eth decided to take the alternative route - the breakout Szenario is still in tact
Komen:
was the kiss of the fib 0,5 the end of the consolidation?
Komen:
1-2-3?
Komen:
ok, 1-2-3... rsi is friendly now...is this the end of the consolidation?
Komen:
rsi= buy? let`s go
Komen:
the hozrl rsi is far away from a buying signal
Komen:
shortterm downtrend is history. ! thats bullish!
Komen:
237 should be aimed now...this is the next shortterm resist
Komen:
280 would be the double bottom tp
Komen:
ok...the up-momentum weakens....the highs are lower and lower.... it has to happen something!
Komen:
no more double bottom szenario..we have to recover the 225... ...with the running candle, the uptrend seems to be broken.
Komen:
ok..consolidation time...
Komen:
we nearly reached the max. correction level of the upwave 136-260. this level is corresponding to the former midterm-downtrend and the shortterm downtrends bottom edge...The rsi is a bit friendlier...the max. fibo should not underbeaten...below that level eth could see a shortterm "selloff" (perhaps down to the former low @ 136
-Trading above 210 respective 225 will brighten the chart and make him bullish again (or still)
Komen:
worst case - not my fovourite:
Komen:
made a new "3"....
Komen:
here we go again!
Komen:
isn`t that nice ?
Komen:
hmmm....eth vs btc btc is much stronger, the breakout is done....will we see the breakout in eth with a timely gap?
Komen:
btc vs eth
Komen:
new thread for my shortterm view:
Komen:
when dreams come true
Komen:
awesome
Komen:
phantastic
Dagangan ditutup: sasaran tercapai:
I would close that phaenomenal trade right now..the rsi turns negative...enough is enough..cheers
Komen:
kissed the max fibo
Komen:
Komen:
nice flag
Komen:
awesome
Komen:
Komen:
after kissing tp1 a double top is formed. The rsi is signalizing that we perhaps will dip down to the max fibo
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