10k
ETH/USDT Breakout confirmed! We are heading towards 10k 🚀🚀🚀- Ethereum still holds the biggest ecosystem and has running smart contracts for a long time.
This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc.
- The main issue is the scalability and therefore the transaction fees which are way to high at this stage.
- Ethereum still is the first choice after Bitcoin for big investors and remains attractive.
- SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned.
- 2 billion worth of Ethereum burned since August.
Daily chart:
- Price broke the last resistance at 4100$ and is now in price discovery territory! Enjoy yourselves.
- Volume is still very low but shows signs of increase. We expect volume to go up during November.
- RSI analysis shows that we are in an uptrend and consolidating below the 70line. Get ready to crush it and go beyond the 80 line.
- Moving averages show that the 20MA acted as support which is very bullish.
- Support lines are at 3950$, 2850$, 1750$ and 1350$. All of them have been retested which is fantastic.
- Resistance lines are no more. Let's see where we get a pullback to find some sort of resistance.
Expectation:
- We expect that Ethereum finds itself around 5k within the next week.
- Once we start moving up seriously FOMO begins and we can enjoy the ride.
- More and more people get heavily into Bitcoin and start pondering about their next investment. Taking Ethereum as next seems very likely.
- End of the year prediction: We will see a 10k$+ Ethereum before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
ETH/USDT Last consolidation before new ATH?- Ethereum still holds the biggest ecosystem and has running smart contracts for a long time.
This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc.
- The main issue is the scalability and therefore the transaction fees which are way to high at this stage.
- Ethereum still is the first choice after Bitcoin for big investors and remains attractive.
- SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned.
Daily chart:
- Price broke the next resistance around 3500$ an keeps moving upwards even touching the 3950$ line.
- Volume keeps decreasing and can be considered the calm before the storm when finally new ATH's are printed.
- RSI analysis shows that we are moving upwards alongside the yellow line. Nowhere near the 80 line yet and therefore still much room to grow.
- Support lines are at (3500$?), 2800$, 1750$ and 1350$. The ascending yellow line can act as support as well.
- Resistance lines are at 3950$and 4150$. Afterwards clear sky ahead.
Expectation:
- We expect a further price appreciation over the next three months with some consolidation phases. Currently we are within a consolidation phase which could end at any time.
- More and more people get heavily into Bitcoin and start pondering about their next investment. Taking Ethereum as next seems very likely.
- End of the year prediction: We will see a 10k$+ Ethereum before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Ethereum/USD Next Stop 10k How ETH gets to 10k,25k,and 50k with a few stops along the way. By June or sooner I believe ETH will be 10k that`s right. Pump madness what percentage of the population in in crypto right now? 10 - 20 % My guesstimate 30-40 % by the end of the year. 60% by 2023 70% 2024 80% 2025 100% by 2026. Factor in other changes being implemented there is no doubt 10k by June.
Happy Trading
Bitcoin MAJOR LEVEL (10k) Support/Resistance Hey All Fellow Traders, Teachers, Students,
Here we are looking at a CLEAR Level of Support on BTC/USD at around $10,000. This Level in the past has proved to be a major resistance zone! But Now Currently have breached this resistance area and have been holding above the $10,000 mark Strong! This Can Prove to be a Major Support Level that WILL take Bitcoin to Test New Swing Highs, and possibly new All Time Highs! I Have been watching this 10k area for quite some time, years now, Lets watch the Price Action Play Out !!!
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🚀BTC on Huobi goes past resistance of 10kHello everyone! 👋
Last week’s 13% range tore apart bears shorting the weekly level at the bottom of the current range at $8,730. It’s still not clear if this pennant will break upward, or if this marks the top for the near future. However, today it looks like its jumped up let's see how the next day or two will bring to the Bitcoin market!
From @tradeprophet
Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
BTC to launch next phase from 9k or 7.2kBitcoin loves what I call four-and-a-half wave corrections, ABCDE correction waves where it's so bullish that it never completes the fifth wave.
In the larger view from 2017 to now, we've either completed a three-wave ABC correction, in which case we should crack 10k any day now (more below), or we're going for a 4.5 wave correction, pictured in the main chart. Or perhaps something else will happen that I don't have a pattern handy for.
The large 4.5 wave correction implies that we fail to take or hold above the 10k psychological level and fall down again to *roughly* halfway down the big triangle.
Of course, drawing trend lines is an art, not a science. I drew what looks good to me, using log scale.
I've drawn the target box from the midline, just under the 0.5 retrace at 6800, up to the 0.382 retrace around 7600. I've drawn the retrace from the base of my meme triangle, not the bottom of the wick (the extreme depth of which I think was exceptional, not technical). Anywhere in here would make sense for a bounce, at this scale. The middle of the target box is just under 7200.
However, I think the smaller version is just as likely to play out. In this view there is no D. The large correction was complete at C, the flash crash of March, and now we are simply consolidating under significant diagonal and horizontal resistance.
The following chart shows exactly the same pattern playing out but at a smaller scale.
For the target box, I've chosen some horizontal support/resistance lines (again, more art than science). The point is we should break the local low but not hit the bottom of the triangle.
Well, that's all, folks. I just thought it would be fun to see how these two identical patterns could play out. I'm pretty sure one or the other will do, and then, finally, we go up.
BTC/USD - descending broadening wedge could push us above 10kBTC /USD is in a descending broadening wedge on the weekly and on the last count of the move.
This formation breaks out to the upside in about 80% of cases.
Wait for a weekly close above the formation if you want to play it safe or you might end up buying the top in case this setup is one of the 20% that fail.
If you do enter now remember to keep a proper stop loss in place in case it doesn't work out.
Plain and simple chart pattern so I left out unnecessary indicators.
Good luck and let me know what you think!