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Candlestick Analysis

Ethereum Future: Limited Upside Ahead?Ethereum price dropped roughly 25% since April 2 due to an overall market crash following Trump’s tariffs implementation. Compared to the almost 40% drop back in February after the first tariff announcement, this time the correction wasn’t as harsh or brutal. So what can we expect next from Ethereum in the coming weeks? The main hope for ETH price remains the upcoming Pectra upgrade. Historically, major Ethereum upgrades have acted as bullish catalysts — for example, ETH roughly doubled in price ahead of both the Merge and the Shanghai upgrade. If history rhymes, we could see a similar pre-upgrade pump this time too. However, even if that rally materializes, I expect it to be limited to the $3,000–$3,400 range. The market lacks the kind of momentum or macro tailwinds needed to push ETH beyond 4k in this cycle — unless there’s a major shift in sentiment. Overall, I remain cautious. The broader crypto market seems to be rolling over, and Ethereum hasn't even reclaimed its ATH. With the next bear cycle approaching, long-term bullish targets might need to be revised — at least for now. Short-term bounce possible thanks to Pectra hype, but don’t expect miracles. ETH likely capped below 3.4k unless something big changes.
by Real_CryptoRoy
Long trade Trade Breakdown – Buy-Side (BTC/USD – Intraday Setup) 📅 Date: Monday, April 7, 2025 ⏰ Time: 1:15 PM NY Time (NY Session PM) 📈 Pair: BTC/USD 📈 Trade Direction: Long (Buy) Trade Parameters: Entry Price: 78,281.5 Take Profit (TP): 79,619.0 (+1.71%) Stop Loss (SL): 77,890.0 (-0.50%) Risk-Reward Ratio (RR): 3.42 🚀 Reason: The Buyside trade idea is based on the midday continuation move, possibly a pullback entry from intraday demand. Targeting near-term highs or key resistance, with structure suggesting bullish continuation.
Long
by davidjulien369
BTC Bottomed out? Don't say i did not warned you. Bitcoin Bottom Analysis and Future Outlook In my opinion, BTC has already formed its bottom. I believe this because the lows are fully protected, meaning no candle has closed below the previous low on the daily timeframe. This is a strong indication that we have established a bottom. Additionally, the 74-75K area was a very strong support zone from which we saw a significant reversal. However, if someone wants extra confirmation, they can wait another one to two weeks for further price action. The RSI divergence is also showing that this is a strong area and could be a potential reversal point. It’s important to remember that nothing in the market is 100% certain. No one can buy exactly at the bottom or sell exactly at the top. Traders need to be cautious and analyze the market based on their portfolio strategy and risk-to-reward ratio. As for Bitcoin’s upcoming movement, I expect the market to remain sideways until the last week of April. After that, I anticipate an uptrend beginning in May. Let’s see how things unfold in the coming days. Hope my previous precautions helped you to save your capital and you are now buying the discounted prices. If you want to know about top utility projects comment down there I'll update you.
Long
by Traderscorpion
USDT vs. ETH: A Silent Signal for the Crypto Market?We often scrutinize the price charts of volatile cryptocurrencies, but a look at stablecoin market capitalization can reveal surprising insights. Recently, Tether's USDT market cap chart caught my eye, particularly when juxtaposed with leading cryptocurrencies. While comparisons with Bitcoin have shown interesting correlations between USDT supply and broader market cycles, it's the comparison with Ethereum (ETH) that raises a compelling question. The chart shows that Bitcoin along with several other cryptocurrencies have exceeded their 2021 price highs yet Ethereum remains below its previous peak. The market capitalization of USDT increased by 75% from 2021 to present day. This divergence is noteworthy. The growth of USDT's market cap signifies an increase in its circulating supply, presumably driven by inflows of USD (or equivalent) into Tether's reserves. Why would people exchange their fiat for USDT if they did not plan to use the funds within the cryptocurrency space? The rising demand for USDT coins indicates that market participants expect increased crypto market activity. However, the fact that USDT's growth significantly outpaces Ethereum's price recovery suggests a potential disconnect. Either there's an unusual surge in demand for USDT for purposes outside of immediate crypto investment (less likely), or significant capital is being positioned on the sidelines, potentially waiting for strategic entry points. Considering recent reports of increasing activity in large Bitcoin accumulation addresses, the latter scenario seems more plausible. The large increase in USDT market capitalization together with Ethereum's flat price performance compared to its former peak might indicate substantial accumulation activities that could lead to future market movements.
CRYPTOCAP:USDTLong
by michaelrex
Buy gold, expect a rebound to 3000Gold just fell to 2958, but quickly rebounded to above 2965. The short-term support of 2965-2960 was not effectively broken. Gold quickly recovered above the short-term support, proving that bulls still have room to fight back. I expect gold to at least rebound and test the 3000 position again, so in short-term trading, we should not be too bearish on gold. I actually reminded everyone in the last article update that we can buy gold when gold falls. In this extremely fierce market, with a cautious trading mentality, I actually do not expect too much about the rebound space of the bulls. Once gold touches around 3000, I will leave the market safely and lock in profits! The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin
TESLA Always Pay YOURSELF! Tsla Stock were you PAID? GOLD Lesson ⭐️I want to go into depth regarding the this topic but it is a long one with PROS & CONS for doing and not doing it. Every trader must choose what's best for them but you will SEE when I finally get to the write up that MANY OF THE PROS are NOT FINANCIAL but PSYCHOLOGICAL❗️ Another of 🟢SeekingPips🟢 KEY RULES! ⚠️ Always Pay YOURSELF.⚠️ I know some of you chose to HOLD ONTO EVERYTHING and place your STOP at the base of the WEEKLY CANDLE we entered on or the week priors base. If you did that and it was in your plan GREAT but... if it was NOT that is a TRADING MISTAKE and You need to UPDATE YOUR JOURNAL NOW. You need to note EVERYTHING. What you wanted to see before your exit, explain why not taking anything was justified to you, were there EARLY exit signals that you did not act on. EVERYTHING. 🟢SeekingPips🟢 ALWAYS SAYS THE BEST TRADING BOOK YOU WILL EVER READ WILL BE YOUR COMPLETE & HONEST TRADING JOURNAL ⚠️ 📉When you read it in black amd white you will have YOUR OWN RECORD of your BEST trades and TRADING TRIUMPHS and your WORST TRADES and TRADING ERRORS.📈 ✅️ KEEPING an UPTO DATE JOURNAL is STEP ONE. STUDYING IT IS JUST AS IMPORTANT👍 ⭐️🌟⭐️🌟⭐️A sneak peek of the LESSON after will be HOW & WHEN TO ENTER WHEN THE OPEN BAR IS GOING THE OPPOSITE WAY OF YOUR IDEA.👌 🚥Looking at the TESLA CHART ABOVE you will see that we were interested in being a BUYER when the weekly bar was BEARISH (GREEN ARROW) and we started to consider TAKE PROFITS and EXITS when the (RED ARROW) Weekly bar was still BULLISH.🚥
NASDAQ:TSLAEducation
by seekingpips
Gold still has the potential to bounce back to 3070!Gold has been experiencing significant volatility driven by fundamental factors. While bearish sentiment appears to remain dominant, the recent downside move has already priced in much of the negative risk. As such, traders should avoid an overly one-sided bearish bias in the current environment. After bottoming out near the 2970 level, gold staged a strong rebound. During the ensuing consolidation phase, the 3010–3000 zone has provided consistent support, signaling the emergence of a short-term demand zone. This indicates that the bulls have not completely capitulated and may attempt to stage a corrective rally toward the 3050 level, or potentially even as high as 3070. From a short-term trading perspective, we may consider initiating long positions within the 3015–3005 range, aiming for an upside target of 3050, with a possible extension toward the 3070 resistance area. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin
Nifty recovers from lows of the day. But not out of danger yet.Nifty as expected suffered heavy losses due to Trump Tariff Tornado which has engulfed the global markets. The good thing which is the silver lining in the cloud was that it recovered from the lows of the day by a lot. The lowest point of today or perhaps the year 2025 so far was 21743 and we closed the day at 22161. Which is about 418 points. However we are not out of the woods yet. We will hopefully see bottom formation later during this week or the next if this lowest point is already not the bottom. The support levels for Nifty remain at 21743, 21289, 20790 and 20320. Resistance for Nifty will be at 22266, 22711, 23083 and 23384. Above 23384 closing Nifty will be back to the bulls territory and we can hope for a recovery towards 24K first and then 25K. As of now the ball is still in Trump's court as the world sizzles with his Whims and fancies. China is planning a stimulus package for its industry and High level cabinet meeting is going on in India as I write this to counter the effects of Trump Tariff and swift recovery of our economy in addition to minimising the effect of damage. The best strategy is to wait out the Trump Storm reassess the situation once bottom is formed. Those who have liquidity this is a good oppertunity to go long after bottom fishing. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Bitcoin’s Make-or-Break Moment: Eyes on $70KBitcoin price almost reached the $74k support area, which is critical for the bull run continuation. This zone has acted as a strong resistance in the past, and a clean bounce from here could signal renewed strength and confidence in the market. However, if this support fails to hold and BTC closes the weekly candle below the $70k level, it would likely mark the end of the current bull phase and signal the beginning of a distribution phase or even the early stages of a new bear market. That doesn’t necessarily mean Bitcoin will crash straight to $50k — corrections are rarely that linear. But it would drastically reduce the chances of seeing new all-time highs in this cycle. The next rally, if it happens, would probably be more muted and shorter-lived. Hopefully BTC will manage to avoid this scenario and hold above the support area. On the positive side, if BTC holds above $70k and we see strong demand stepping in, it could set the stage for a healthy bounce and continuation of the uptrend. Still I expect that BTC will test 70k level and if we see strong buying pressure on that level we can expect some recovery.
by Real_CryptoRoy
2
Ethereum 20% Crash: Temporary Setback or a Buy Opportunity?Hello, Traders! Ethereum experienced a significant drop, plunging over 20% in just one day and hitting its lowest point since last August. ETH price found strong support at $2130 and I don’t expect further downfall beyond this level unless broader market conditions deteriorate. One of the key technical developments was Ethereum breaking the crucial $2800 support zone, which is a bearish signal for the continuation of the uptrend. However, a quick recovery above this level could reignite bullish momentum and bring buyers back into the market. W atching how ETH reacts to this resistance will be crucial in the coming days. The main catalyst for this sell-off was Trump’s decision to impose tariffs on Canada, Mexico, and China, which triggered a broader risk-off sentiment in global markets. The crypto space, being highly sensitive to macroeconomic events, saw a sharp reaction, with Ethereum and other major altcoins suffering deep corrections. Despite the current bearish outlook, there is one major reason why Ethereum is likely to recover quickly — the upcoming Pectra upgrade, set to take place next month. Historically, ETH has seen strong rallies leading up to major network upgrades, and I expect a similar pattern to unfold this time. If the market stabilizes and sentiment shifts, Ethereum could reclaim lost ground and resume its long-term bullish trajectory. For now, the key levels to watch are $2130 as support and $2800 as resistance. A break above $2800 could signal a strong reversal, while failure to hold $2130 might open the door for deeper corrections Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
8
Bitcoin drops. What's next?Hello, Traders! Bitcoin price continues to fall towards the next big support area at 74k-70k. Currently, there is no sign of BTC reversal, and it seems that this correction phase will last long. Ideally, the faster BTC finds its local bottom, the faster it starts to rise again. However, the current market conditions suggest that a period of consolidation might be necessary before a meaningful recovery. I doubt that the BTC price will fall below 70k despite all the negative sentiment surrounding it at the moment. More likely, we will see strong buying pressure at those levels, as institutional investors and long-term holders step in to accumulate at what they perceive as a discount. Also, the stochastic RSI on a weekly scale has dropped to 0, which historically indicates that momentum is oversold and a potential reversal could be near. If we see a bullish cross on the SRSI on a weekly timeframe, this might act as a catalyst for a price rebound, possibly pushing BTC toward new highs. Another indication of a possible bottom is the Fear & Greed Index, which currently sits at around 20. This level reflects extreme fear in the market, a condition that has often preceded local bottoms in previous cycles. Historically, such extreme fear tends to trigger a shift in sentiment, leading to increased demand and a subsequent price recovery. Furthermore, on-chain metrics suggest that long-term holders remain unfazed by the recent downturn, with exchange reserves continuing to decline. This indicates that a significant portion of BTC supply is being moved to cold storage, reducing selling pressure. Additionally, open interest in the futures market has seen a decline, which could mean that excessive leverage is being flushed out—a necessary step for a healthier market structure. If BTC manages to hold the 70k support level and confirms a reversal with increasing volume, we could see a strong recovery phase unfold. However, if the price breaks below this key support, the next significant area to watch would be around 65k, where additional buying interest might emerge. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
1