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Ethereum Trading

  • Post #1
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  • First Post: Edited at 9:07pm Aug 7, 2019 8:55pm | Edited at 9:07pm
The thread is about anything related to trading Ethereum. Any ETH pair, any time frame.
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  • Post #2
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  • Edited at 9:10pm Aug 7, 2019 8:56pm | Edited at 9:10pm
After the drop in ETH/USD during June and July, it's time to start thinking about a long swing trade. I'm looking for a clear break above the 233 level to enter. Once it does, I expect it to rise to at least around $355-$360.

ETH/USD has a bearish shorter-term bias. It's trading below the 200-day moving average. Charts (Coinbase Pro) on the 15M, 1H, and Daily time frames are all looking bearish.
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The six-hour time frame shows a little bullish breakout, that could signal we might be getting some momentum in order to get closer to the entry level, above 233.
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Trading one USD pair is enough for me, but looking at ETH vs BTC, BTC is killing it! I'm selling ETH for BTC... possibly long term:
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Quoting cityRat
Trading one USD pair is enough for me, but looking at ETH vs BTC, BTC is killing it! I'm selling ETH for BTC... possibly long term: {image}
Ethereum has been one of the weaker cryptos.

ETH/BTC below on a 1H and 6H show how weak it's been relative to bitcoin.
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ETH/USD continues to slide. There might be some good short-term shorting opportunities, but I'm not going to short Ethereum when the overall crypto market is showing some signs of strength. Here's the ETH/USD on the 1H.
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Quoting cityRat
Trading one USD pair is enough for me, but looking at ETH vs BTC, BTC is killing it! I'm selling ETH for BTC... possibly long term: {image}
So far so good:
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  • Post #6
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  • Edited at 6:06am Aug 9, 2019 4:09am | Edited at 6:06am
A current Ethereum TA.

https://www.cryptocraft.com/news/939...t-risk-of-more
Money isn't real
Quoting cityRat
{quote} So far so good: {image}
ETH/BTC order: Closed out for a 5% profit and I'm ready to get back in. I think she's still going down so I'm ready for more. I can't seem to find my p/l for my order, however... thanks Bitfinex.
ETH/BTC: Look at this beautiful correction from the weekend. I'm back in short, a little heavier this time:
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Ethereum weakness continues.
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Quoting cityRat
ETH/BTC: Look at this beautiful correction from the weekend. I'm back in short, a little heavier this time:{image}
That one didn't end well, but I'm back short at 0.018246
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Also long BTC/USD - hoping to catch the knife!
Ethereum moving higher!? This move versus Bitcoin is surprising with how weak Ethereum has been in relation to pretty much everything.
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In 2017 I would watch altcoins rally vs Bitcoin after BTC hit new highs and paused to take a breath. I think there is still good play on that concept now too but to a lesser extent than in 2017.

ETH is a bit unique compared to other altcoins though and probably has been oversold recently.
If you like my post :P throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
Despite BTC's rally, it has still weakened against ETH, which is hurting my trade... I'm guessing that ETH had way more to gain... I'm still bearish ETH/BTC however:
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Quoting cityRat
Despite BTC's rally, it has still weakened against ETH, which is hurting my trade... I'm guessing that ETH had way more to gain... I'm still bearish ETH/BTC however:{image}
ETH’s price was severely depressed starting June 27th. By mid July you had an undervalued and over reacted ETH price so that is the context I would look at on the ETH side of the pair.
If you like my post :P throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
Quoting g-force
{quote} ETH’s price was severely depressed starting June 27th. By mid July you had an undervalued and over reacted ETH price so that is the context I would look at on the ETH side of the pair.
Since you asked, I sent you 350 DOGE

https://chain.so/tx/DOGE/34d830868a0...1f71c0605f5fba
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Quoting cityRat
{quote} Since you asked, I sent you 350 DOGE https://chain.so/tx/DOGE/34d830868a0...1f71c0605f5fba {image}
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Looks like your trade is doing a bit better now?
If you like my post :P throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
Quoting g-force
Looks like your trade is doing a bit better now?
Better but still negative, down about 1%.:
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Hopefully gonna ride this trend down a bit longer.
Looking at the ETH side, as gforce recommended... ETH's either at resistance on a downward trendline, or it's at support, depending on how you look: ¯\_(ツ)_/¯

H1:
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Quoting cityRat
Looking at the ETH side, as gforce recommended... ETH's either at resistance on a downward trendline, or it's at support, depending on how you look: ¯\_(ツ)_/¯ H1:{image}
I think it is going lower. Sell at 195.99. We'll see.
I think MarkGman has the right idea, the past 6 hours have been moving in your favor cityRat.

I am entering an outright short on ETH myself. If the 200 level didn't motivate buyers to catch a deal, the momentum will continue a bit longer. I am targeting just above 185 for TP.
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If you like my post :P throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
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