Historic ETH success! What's next?Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We are also seeing a new pattern in the crypto market. Instead of reaching ATH and going down with a large dump, ETH wabbled a little and then the short squeeze kicked in. Gut feeling says that someone just accidentally stumbled into "holy sh*t have you seen shorts books* and instead of dumping, pumped ETH a little more!
So what does that mean for today? Will it go up? Will it go down? Sideways all around? Track whales and you will find your answer!
Today's technicals: Position should be Long (Eye of the storm, be vigilant Short and Long as per your better judgement). Forecasted hights 1600 with no hard ceiling. Forecasted lows 1520 with potential to implode if you all of the sudden start seeing large red candles!
Have fun and keep that volatility rising! 💸💸💸
Alltimehigh
WAN is a sleeping giant - and its about to wake up!!!Don't miss this sleeping GIANT guy - wan is showing many strong bullish sings and expect this coin to rise very fast once we break the reistiance zone, considering what the team is up too and have installed for 2021 this coin is going to long term goes well beyond its all-time high!
$ETH re-testing all-time highMomentum is picking up, the volume is slightly increasing, MACD is turning bullish. Is this going to be the moment to break the all-time high and start our altcoin season? If not now, then when? If we break down the up going trendline we may actually face a bearish market for a bit before we retest the all-time high again. Let's see where this goes.
$ETH/USDT 2h (Binance Futures) Symmetrical triangle on supportEthereum road to new ATH, this time for good?!
Current Price= 1333.97
Buy Entry= 1333.99 - 1316.69
Take Profit= 1417.16 | 1480.46 | 1565.22
Stop Loss= 1251.68
Risk/Reward= 1:1.25 | 1:2.1 | 1:3.25
Expected Profit= +13.84% | +23.40% | +36.20%
Possible Loss= -11.12%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h
🔥 Bitcoin Strong Break Out Of TriangleIn my previous Bitcoin posts I argued that Bitcoin was in for a strong movement since the triangle pattern was almost finished. On the previous occasions I mentioned that this triangle is a bearish one, therefore I was leaning towards the bearish side of the break out.
Bitcoin, on the other hand, doesn't feel like correcting at all. It just broke out of the bearish triangle with one of the biggest bullish candles we have seen in months. This amount of volume leads me to believe we're gonna see a crazy weekend ahead of us.
On the chart, I’ve marked two potential areas of resistance. These areas are based on the round number of $40k and the all time high. Will we see a new ATH soon?
Happy trading!
LINUKSDVery bullish on link longterm from a investing perspective, also from a trading perspective market recently hit all time highs breaking above resistance with a bullish impulse, after the impulse we saw a nice correction to the 0.382 fibonacci, now we are expecting to see the continuation to the upside and market to form a new higher high from a daily perspective so another ATH. We also have bullish structure newly formed on the 4hr this setup is ready.
Ethereum Falling After Failing To Beat All Time HighIn my previous posts about Ethereum I argued that in case the ATH gets beaten, we might see a sharp increase in the price of ETH in the near future. Sadly, the first target, which was the ATH, seemed too strong to breach at this point in time. The ATH resistance held strong for a second time now.
Currently, it's looking like the price is moving down gradually towards the lower trend line of the channel. In case Bitcoin stays relatively calm, we might see another sharp bounce from ETH towards the ATH. In case we fall through the support, I don't see ETH reaching the $1450 area again anytime soon.
Happy trading!
SPX liquidity engineering in progressHello analysts and traders.
Price touched the trendline on the 4hour chart.
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high .
Where did price fall to?
Key trendline creating a lower high.
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing.
We are currently long but await the next buy from a daily low.
Key:
4 hour = orange trendline
Green zone - daily, weekly targets
See the wider picture
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Ethereum to Btc Trying to Break Out to Newer Highs!!As you can see Ethereum has been trying to break to the upside for a while now. From my last post we broke out of the channel and we got the retest where the Green Circle is and we bounced right off it perfectly! Right now we are having some trouble to break into newer highs as we have tested the 0.038 level multiple times. I do see us breaking this to the upside very soon and when we do we can see Ethereum have a really nice move! This is just the start for Ethereum, as I really do believe we will definitely reach All Time Highs on the Eth/Btc Chart!!
Link Approaching Price Discovery Points to consider,
Observing LINKUSDT, a clear bullish expansion is present on the Daily time-frame where price action of current is in price discovery. Taking out the current swing high will greatly increase the probability of further upside momentum, epically with the current volume profile increasing.
The initial Daily S/R had been respected with a strong bullish volatility expansion that followed suit after a confirmed S/R Flip Retest. This was the tail sign of strength in price action as a volume influx was present. Strong volume influxes are key in determining the strength of price action, evidently being the case.
Price action reaming and respecting current Local S/R zone with multiple candle closes will signpost stored momentum for a bullish bias. This will show that price has been accepted at these higher levels where buyers are willing to step in. A local top will only be probable once there is a valid volume climax, this has not occurred as of yet.
Bitcoin Setting Up For The Biggest Move!! 50k+ Incoming ?!?!!!Bitcoin has been consolidating around these areas for a couple days now, but seems like bitcoin is setting up for a crazy move VERY SOON! As you can see with the photo above, you can see Bitcoin looks very similar to the pattern which is the same exact thing Bitcoin did in the 2017 Bull Run which is showing that we can see 1 more dip to the downside before having its next major rally to newer All Time Highs!!!
As you can see here this is Bitcoin in 2017 during the major bull run. Bitcoin has been consolidating for a while as it was cooling down, taking out the weak hands before having a major rally and hitting 19k 2017 high.
Lets see how this plays out! Will we repeat 2017!?
ETH may be starting its catch up runEthereum usually follows the movements of Bitcoin. However, in the last 18 days, Bitcoin has had a massive run while Ethereum has stayed proportionally behind. BTC has gone 75% over is previous ATH while ETH remains 45% under its ATH. Suppose we are about to see a catch up run like in 2017. The gold denominated resistances are 20grs and 33grs. At current prices that is $1,220 and $2,013 respectively.
A run for the 2,000 dollars area could take the ETHBTC pair above the channel it's been for two years.
The idea of using resistances denominated in dollars-per-grams-of-gold is to account for the depreciation of the dollar.
Stonks Make New Highs!! What's Next??As you all are undoubtedly aware, stocks made new highs yesterday. They met resistance exactly at 3856, the level we called out for weeks. Finally they inched past this level to 3867, where they are currently facing resistance. Almost certainly they will break out higher. They could range to feel out this new price territory first, however, so don't get too excited. The S&P is at highs, so jumping into a long trade would definitely be FOMO. It is certainly possible that we could retrace to 3825. The Kovach OBV is very strong, so we are in buy on dip mode. Nested Fibonacci levels give us a price target of 3887, and then 3935.
HTG - High Growth potential - Bullish Chart!Nice looking chart. Moving on strong volume. HTG is Still a relatively small market cap which could easily grow earnings quickly, particularly if the CV environment persists. Expecting continuation of bullish trend.
Key technicals - Breakout of wedge and all time high which likely acts as strong support moving forward.
Key Fundamentals - Leading Remote IT technology company focusing on the bullish resources sector. Will grow strongly for the forseeable (CV)+ moving into US and Europe markets is planned.