Bitcoin Forum

First of all let me say that I really like ETH and like 40% of my portfolio is in ETH so this is not FUD post. Got in at last dip after sept. 15 so im still good. But I don't like chart that i have been seeing today.
For me it looks like double top... what do you guys think?

https://i.imgur.com/xMlHAiq.png

*Corrected word dep with top

Do you understand the double bottom pattern sense? It says that there will be pump after price go further than previous high. The size of pump is equal to the difference between previous high and dip. This is not a bearish pattern. http://www.investopedia.com/terms/d/doublebottom.asp

I think that the crypto market is too unconventional to be evaluated by traditional analysis, in the main

Each time you try to use technical analysis in crypto baby jesus cries. It's too liquid and too small, only thing that I see could be of use is Elliot wave analysis as it tries to predict how will the emotion of people involved in the market influence the price.

The utility is limited as a single whale can cause a wave all on his own.

As legendary member with trading experience I can claim that technical analysis works as it should in 80-90% of cases. I'll be able to confirm double bottom pattern only when the price will surpass previous local high. It will be strong bullish signal.

I think the author meant double top. And if so, he's right, she actually appears on the chart and a price of ETH may go down.

I think that the ethereum has fallen so much now and I think that soon it must begin to grow

I spent a lot of money for Ethereum but i do not think so it is reason to be worried. It is long term so just focus on future

I wouldn't mind a good dip..... planning to put more ETH in my bags, since it is the coin for ico's (most of the time) and it is still steady rising in value

Yes sorry. I ment double top ... from what i can currently see on bittrex it's down to 316 and it's broken what i thought was support line at 320.

Altcoin trends are little predictable if you are relying more on fundamental analysis. Technical analysis are not so predictable.
Better to stick with Bitcoin when trying to rely on Technical Analysis.

Ethereum will be one of the best long term holds. I dont think that this will be a double top.

As a long term believer of the ETH project, probably no need to worry too much of the ETH recent fluctuation, as the recent fork is just one small step, once metropolis is running, we will see privacy support and that might move the price and usage up too. If you are really worry about the potential downward trends, then just start accumulating when it does do down or sell a portion now. Anyway, do whatever makes you feel comfortable.

It is amazing, but i remember that last year Ethereum was not even $9, and now it is upto $334 at the moment, of course that it needs to recover a bit, it made a really big path and maybe it will recover to $300 again, or maybe a little bit more. But there are a lot of speculations about the new crypto of Russia, and it will pump Ethereum a lot because i think that this coin is based on Ethereum technology, so maybe we can say that we are expecting a huge pump in the next weeks or months.

And finally looks the demand are moving towards the bitcoin cash. I know that just like an attack to the ethereum chart, and i think that will be recovering again soon or maybe some hours later.
Just wait and keep your coin.

Hmm looks like a bad chart. If you feel ETH will continue to fall.. Sell it and rebuy it once it taps the bottom. But I do believe that the support levels of ETH at 0.041 is too strong.

I sold most of my Ethereum after the price dip further after their hard fork, I don't think the price will go up further again their year especially against Bitcoin. I'm waiting for what will happen at Devcon because I prefered to trade fundamentals plus technical analysis

double dip lmao  :D

So already 3 lifts have passed on the air, or not. And the prerequisites are for 4, not the same bitcoin to creep up without falling. And then the competition will disappear altogether.

Crypto market is not a conventional one, it is not possible to predict anything in crypto world.

Technicaly yes..it is double top. And technically it will goea down to the very strong support arround $200 and after that we will see small waves between $190 - $250. And will goes up again in next two or three years. It is just my prediction. Do whatever you wanna do with your own risk

I think at look this chart will be forming butterfly mode. And buy in this dip, I believe Ether going to pump in mid term..

i think it is in a zone where there is strong support so i would say just wait for it to recover. Another point is htat on the 4h-chart stochastic is signaling that ETH is oversold at the moment so i'm pretty sure it will go up because it's actually a good moment to buy in again. I'm into ETH withabot 10% of my portfolio and i'm pretty bullish on it.

https://i.imgur.com/2LcXbic.png

I think now is not a good time to try to analyse ETH market - we have just had the upgrade, plus the upcoming btc fork has an impact everywhere. I think there are a lot of factors in play at the moment that wouldn't normally be the case.

Analyse or not it seems like I was right ... it's just under 300 now.... I think it got support at 285... I'm a hodler so I didn't sell yesterday when I posted this but I hope someone else did and can buy some more ETH in this dip :)