Price diverged with RSI and MACD indicators and it gives us a trend reversal signals. RSI confirmed price reversal from 140.00 support level. MACD confirms upward movement. DMI shows trend market conditions and falling ADX line allows open long trades. We have buy opportunity and it could be good levels for opening long trade. But don't forget that Segwit makes Bitcoin and other markets more unpredictable. The markets have potential for downward movement to lower support levels. Any way, if you decide to build positions in long term, these levels can be good for buying. But you must use small trading volume and follow your money management strategies.
This is very likely the last manipulated Market pump before Dooms Day! In my opinion, the luckiest seller would get around $190 per ETH sold. It is ok to hold your Ether if you paid less than $20, otherwise SELL SELL SELL, remember at this time this is still an UNREGULATED MARKET entirely controlled by reckless Billionaires who would be jailed if they use similar trade techniques in the stock market... Like if you agree. You will thank me later!
thecoinist
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Question about your links - do you use Genesis Mining yourself?
Sebatrader1
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Do you think that if the hard fork on bitcoin take place on 1st of August we will have a drop in the ethereum as well even down to the first down trend line so at price level around 80-100? I am still holding long positions but I am kinda worried about what might happen on August 1st. Thanks for your help. Sebastiano
DAHANX
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Hello Dlavrov,
thank you for your work. Can you recommend a trading platform or an exchange? I tried kraken, Ploniex and bittrex so far and find them not very handy compared to the plus500 interface.
Thank you for a recommendation.
DAHANX
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One more question: would you recommend to trade in USDT like it shows in your chart and therefore first convert usd -->usdt, or use ETH, or BTC to trade?
LynnKim
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its 186 now. is it too late to buy eth?
weronp89
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DO YOU THINK IS A BULL TRAP ? THAT THE PRICE WILL FALL WHEN IT HITS THE 200 MARK
THANKS IN ADVANCE
josephtse
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@weronp89, I think yes, to some extent. The divergence makes a possible reversal in trend. But divergences do not always negate a powerful trend, and this trend is still down and very powerful. Continue to use downward sloping trendlines as resistance and inflection. Ability or inability to break trendline means a good place to initiate shorts/breakouts. I personally think we have another pullback, a capitulation pullback down to 125 or lower. I think this move only goes to 203 here and then falls. Which means around 2350 for Bitcoin. I'm starting to realize I need to trade smaller size....these swings can be brutal.
penaf
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Dlavrov,
I sold 34 eth at $149.00 thinking that i might get it cheaper but now i do not know what to do. I still have more on the market. Any advice on what to do here?
penaf
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@DLavrov I sold 34 eth at $149.00 thinking that i might get it cheaper but now i do not know what to do. I still have more on the market. Any advice on what to do here?