Hello there ladies and gentlemen, BulloTaurus here with an awesome find!
Today i will go through #Ethereum and try to explain what is happening by looking at the
ETHBTC.
You might think why i am looking at the BTC pair instead of FIAT???
Simple ... I have switched my focus on being up in BTC rather than USD.
Most of my strategies are focused on earning more Sats/Btc rather than USD.
My focus is long-term.
If you zoom out you can see a clear pattern of Legendary Ethereum pump in May 2017.
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.
I am very confident in ETH so i ignore the noise happening in news and other media.
Thanks to VPVR (Volume Profile Visible Range) indicator that is available only in Premium Plan from TradingView, i can show you something very important.
This indicator is displaying the volume realised on specific level, i have used an arrow to show that spike ( middle-left side of the chart).
What does that mean?
You can understand it easier as thinking it like a demand zone, it usually acts nicely as Support or Resistance(our scenario).
At the moment, we are hitting again the 0.03118 resistance, once we break it and find a nice support, we will have a strong move up at least till 0.045.
Another important indicator is EMA 50 & 200 crossover ( faded blue lines ), it flipped bullish after long downtrend.
A confirmation of the analysis above we can see at the bottom MACD and RSI.
If you are looking into a coin to invest long-term, Ethereum is the way to go, especially after huge demand for being a validator in ETH 2.0 , users were so confident to lock their funds for undetermined time without the possibility to withdraw it earlier till full Ethereum upgrade is live!
Risk: 2
Reward: 8
Disclaimer!
This post does not provide any direct financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority.
Trading is risky, and it is not suitable for everyone.
Only you can be responsible for your trading.
Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU!
P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom!
Peace out.
Today i will go through #Ethereum and try to explain what is happening by looking at the
ETHBTC.You might think why i am looking at the BTC pair instead of FIAT???
Simple ... I have switched my focus on being up in BTC rather than USD.
Most of my strategies are focused on earning more Sats/Btc rather than USD.
My focus is long-term.
If you zoom out you can see a clear pattern of Legendary Ethereum pump in May 2017.
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.
I am very confident in ETH so i ignore the noise happening in news and other media.
Thanks to VPVR (Volume Profile Visible Range) indicator that is available only in Premium Plan from TradingView, i can show you something very important.
This indicator is displaying the volume realised on specific level, i have used an arrow to show that spike ( middle-left side of the chart).
What does that mean?
You can understand it easier as thinking it like a demand zone, it usually acts nicely as Support or Resistance(our scenario).
At the moment, we are hitting again the 0.03118 resistance, once we break it and find a nice support, we will have a strong move up at least till 0.045.
Another important indicator is EMA 50 & 200 crossover ( faded blue lines ), it flipped bullish after long downtrend.
A confirmation of the analysis above we can see at the bottom MACD and RSI.
If you are looking into a coin to invest long-term, Ethereum is the way to go, especially after huge demand for being a validator in ETH 2.0 , users were so confident to lock their funds for undetermined time without the possibility to withdraw it earlier till full Ethereum upgrade is live!
Risk: 2
Reward: 8
Disclaimer!
This post does not provide any direct financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority.
Trading is risky, and it is not suitable for everyone.
Only you can be responsible for your trading.
Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU!
P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom!
Peace out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.