ETHUSDLONGS trade ideas
BULL DIVERGENCE ON ETH/USD SHORT
ETH/ USD SHORTS PAIR IS SHOWING A RISE DUE TO THE INCREMENT OF THE TOTAL SHORT POSITIONS, PRICE ACTION IS SHOWING SOME BULL DIVERGENCE ON LOWER TIMEFRAMES (15 MINUTES) PROBABLY THE BAER TRY'ING TO FILL SOME BETTER SHORT POSITION. IM ALREADY SITTED ON MY SHORT WAITING FOR THE BIG DROP.
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ETHUSD FOLLOW THE WHALEThis zone is looking to be the likely last resort for a revival of the slaughtered bulls. Stand fast!
1) Weekly ATH Zone
2) Weekly uptrend that formed the ascending triangle to push the price to recent ATH's
3) Decent hidden bullish divergence
Most important of all this analysis is certainly the skill for whale watching. Anyone who has been here since the $10 ETH knows there is a ginormous Ethereum whale on Bitfinex that at one point accumulated a long of multiple hundreds of thousands of Ethereum (unfortunately the ethusdlongs doesn't go back that far). This whale always accumulates on the way down and distributes on the way up, like a professional trader who would be trading with 10s/100s of millions of dollars. (see comment)
Point being: the people making this market are those with the capital to hold margin positions this large, therefore "if you can't beat 'em, join 'em".
ETHUSDLONGS/ETHUSDSHORTS anticipate rebound , bullish divergenceMagenta trend line : ethusdlongs/ethusdshorts
Marginalized EtherETHUSD 4H candlesticks side by side with Longs rising and Shorts dropping (no pun intented)
Also Google Trends for the last 7 days showing a peak interest in shorting bitcoin at 9pm last night.
trends.google.com
I'm bullish I side for Long John here
Common bust a whole in that 0.786 fib ETH!
