Do you see what I see? ETH/BTC chart

28 apr 2017

I would not advise shorting the rocket. But I would be patient and keep your antennas up for the peak euphoria/hype. I know I know, I am an ETH hater, okay, but to be fair, everything in crypto has bull markets and bear markets. ETH absolutely will not replace bitcoin, its not even worth comparing, two different animals, and when bitcoin gets going and the reasons are related to geopolitical events, there will be no reason for ETH to continue its epic rise. Food for thought. Just a chart.

28 apr 2017

Nota

Just providing a bigger picture which shows more of the preceding price action before the blue box:

29 apr 2017

Nota

The less umph version:

29 apr 2017

Nota

*The less umph version:

1 mag 2017

Trade attivo

Looks like the less Umph version?

Honey Badger is about to go wild, people are quitting their jobs to trade alts, noobs running wild. Short, will probably add more if we happen to go higher.

4 mag 2017

Nota

Which will break first...the neckline or the wave 5 high?

5 mag 2017

Nota

Added a bit more here. Let's see if ETH/USD can break/maintain triple digits, if that happens, even I will be impressed and probably close the trade.

6 mag 2017

Nota

M for murder? Looking good.

If and when we break .0057 the doom should kick in, well see:

9 mag 2017

Nota

wow such rektage fell out of the 1d rsi channel/support:

took some profits at the neckline as per the fractal, but will prob sell them on the bounce to better my cost basis, this is just getting started IMO

9 mag 2017

Nota

Improved cost basis here:

Now i will just be patient and wait for the big drop as shown in the fracal. It may not go exactly the same but I do think there will likely be a big drop eventually when that black trenline breaks...and then a good amount of time of consolidating/drifting up after that to keep hope alive.

9 mag 2017

Nota

Just providing a better view of the fractal as it got cut off on that snapshot...here it is:

15 mag 2017

Nota

16 mag 2017

Nota

21 mag 2017

Nota

Increased short position a bit more here, bitcoin going wild for geopolitical/economic reasons as anticipated, there is zero reason that ETH should do well in such an atmosphere. ETH has a nice pump there from the conference yesterday, but the hype should die down. If we make new highs here than trade will be closed, as stupidity will have taken over and I simply wont fight the market. Gluck.

24 mag 2017

Nota

While the price did make new highs, it slowed down at a level fairly similar to the fractal initially shown in this chart. So I haven't panicked and decided to stick with it for now. IMO ETH is wildly overvalued relative to bitcoin, but of course that does not mean it can't go higher. We shall see, glad to take a loss if I am wrong.

Anyway, here is the updated chart:

30 mag 2017

Nota

Still sticking with this, small position can have a very wide stop. ETH is now worth half of bitcoin which is literally insane. This is very likely the top or close to it: