ETH - Trading Projection Into The WeekendUnfortunately, politics play a huge role in the projected outlook for Bitcoin and other alts, in which we could see ETH drop to the upward diagonal trend line that originated after the COVID crash. Therefore, throughout the week and on through Oct, the market will be highly sensitive and choppy for alts, unless stimulus talks resume or some bullish news is announced for ETH. However, these dips are excellent buying opportunities, as we know Oct has been historical bearish during election years. With that said, I highly doubt we go sub $320’s, due to the strong support that exist within that region, but any thing can happen in crypto.
Choppy
Choppy and SidewaysThis market has turned to chop in recent sessions.
As the attached daily chart shows; the bulls and bears have no clue who is in control.
Price makes a move higher, only to be crunched back lower in the next session.
This is a market (and similar looking markets) I am avoiding until we get a clearer price action picture and when there is far less risk of being whipsawed out of any trade position.
Until then, if we are looking to trade in these sorts of markets we run the very high risk of getting whipped out even if we pick the correct direction.
Can Price Break / Continue This Week?Whilst price has been trending strongly higher for the bulk of this year, in recent weeks the trend has ground to a halt.
As the attached 4 hour chart shows; price is very sideways on the intraday charts.
This can be a tricky time to look for trades because inside this range is a lot of choppy price action.
The best play for conservative traders could be to wait for a breakout of these levels and to see if the trend continues which would then pave the way for long trades.
Thanks for your like and support...
Consolidation Choppy Price Action Taking PlaceThis pair has been choppy and sideways all year.
The past few weeks have been no different. After a huge daily chart bearish engulfing bar, price went right back to forming an inside bar and going nowhere.
Whilst price is very sideways there are still trading opportunities. The best plays look to be trading both sides of the market from the range high and low looking for reversals back into the range.
Thanks for your like and Support.
ETHUSD - Sideways Trend Today. Price Technical Analysis #45Market in last 24 hrs
- ETHUSD price has been consolidating. Market moved ~2%, between $201.6 and $205.7
- Price at time of publishing: $201.7
Today’s Trend analysis
Price should continue choppy/sideways trend today. Most of the Oscillator indicators are neutral with a weak bias towards sell side. MACD histogram is in negative zone, RSI and CCI are weakly trending down and are currently at 42 and -104 respectively. Also, the price is close to lower Bollinger Band and expected to bounce up. Overall, marketed conditions imply that the price is going to move sideways.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 51
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
BTCUSD - Choppy Today. Price Technical Analysis #81Market in last 24 hrs
- BTCUSD price moved down suddenly. Market moved ~7%, between $9.2k and $9.8k
- Price at time of publishing: $9,350
- BTC’s market cap: $172 Billion
Today’s Trend analysis
Price movement expected to be choppy today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone, RSI is trending down and is currently at 41 but CCI is already in oversold zone. To add to this, price is touching lower Bollinger Band. Overall, marketed conditions imply that the price movement is going to be choppy. Brace yourself!
- Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 41
- ‘Moving average‘ indicators have flipped to indicate a downtrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
XRPUSD - Choppy/Sideways Today. Price Technical Analysis #6Market in last 24 hrs
- As predicted in previous analysis, XRPUSD price consolidated. Market moved by ~2%, between $0.200 and $0.205
- Price at time of publishing: $0.2044
Today’s Trend analysis
Price should trend sideways today. Oscillators are mostly neutral and compared to yesterday more have switched to confirm neutral momentum. MACD histogram is at 0. RSI is at 54 and CCI at 62, both moving closer to neutral zone, confirming that bulls are loosing strength.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 54
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
BTCUSD - Sideways/Choppy Today. Price Technical Analysis #79Market in last 24 hrs
- As predicted in yesterday’s analysis, BTCUSD price consolidated. Both bulls and bears tried to gain control, but both failed. Market moved ~2%, between $9.4k and $9.7k
- Price at time of publishing: $9,680
- BTC’s market cap: $171 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral and compared to yesterday more have switched to confirm neutral momentum. MACD histogram is in negative zone. RSI is at 55 and CCI at 37, both moving closer to neutral zone, confirming that bulls are loosing strength.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
XRPUSD - Choppy/Sideways Today. Price Technical Analysis #5Market in last 24 hrs
- As predicted in previous analysis, XRPUSD moved up. Market moved by ~4%, between $0.2011 and $0.2087
- Price at time of publishing: $0.2044
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral with a bias towards ‘buy’ side but RSI moved close to 50 and CCI is now at 90, confirming that trend is not strong in either direction. MACD is almost at 0. To add to this, price bounced back from upper Bollinger Band.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 56
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
S&P500 Choppy Previous Week - Potential further declinesPrice has been range bound now for the last couple of weeks and I wouldn't be surprised if we move lower in the coming week, falling into the 2700 handle as The TVC:SPX failed last week to create new highs. I think the market needs a strong catalyst to break the most recent high around 2900, however I wouldn't add a any new positions until we break the 3000 handle. Alternatively I think buys will look good around 2700. My overall bias for the marker remains bullish!
Is BTC Really Going Down?Well, what have we here. Looks like Bitcoin's dropped into a range between $9300 - $9500 on the 15m chart.
If you fancied it go for a bit of range trading between these values, keep your stops tight and, as always when range trading - TAKE YOUR PROFIT AND RUN. Just take what you're given and go!
Good Luck & Happy Trading
BTCUSD - Sideways/Choppy Today. Price Technical Analysis #73Market in last 24 hrs
- BTCUSD price saw a sudden downward movement with volume surge. Overall market moved 12%, between $8.2k and $9.2k
- Price at time of publishing: $8,740
- BTC’s market cap: $161 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral and compared to yesterday few more have now flipped to indicate sideways momentum. MACD is at -163, far below 0 and RSI & CCI are near neutral zone, indicating that neither bulls nor bears have enough control to drive the market.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 44
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
ETHUSD - Sideways/Choppy Today. Price Technical Analysis #34Market in last 24 hrs
- ETHUSD price movement has been relatively less volatile. Market moved 3%, between $208.2 and $215.4
- Price at time of publishing: $211.7
Today’s Trend analysis
Price should continue moving sideways today. Oscillators are neutral. MACD has just crossed up 0. Both CCI and RSI are slightly above 50, indicating that momentum is neither direction has strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 54
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Bitcoin 1D - Break Upwards? Maybe Not...Seen from this angle it would appear the price of BTCUSD is currently stuck ranging between a high of $9200 and a low of way way down @ $8000! Don't take this the wrong way, we're as optimistic as the rest regarding the upcoming halving; but looking at this there would appear to be a clear range that (unless a big Breakout occurs) could drive the price all the way down to $8k.
That's quite a big drop from where we currently are, and also where we want to be! Although, this could represent an excellent opportunity...
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Good Luck & Happy Trading
-theCrypster
BTCUSD - Sideways Today. Price Technical Analysis #65Market in last 24 hrs
- BTCUSD has been relatively less volatile with trade volumes decreasing. Market moved 500 points, between $8.7k to $9.2k
- Price at time of publishing: $8,890
- BTC’s market cap: $163 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral. MACD is indicating a sell opportunity. CCI and RSI both are near mid-zone.No strong momentum in either direction.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 55
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
ETHUSD - Sideways/Choppy Today. Price Technical Analysis #27Market in last 24 hrs
- ETHUSD has been relatively less volatile. Market moved between $208.5 to $214.4
- Price at time of publishing: $214.3
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral. MACD is indicating a sell opportunity. Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility.
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 58
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
BTCUSD - Sideways Today. Price Technical Analysis #64Market in last 24 hrs
- BTCUSD has been very volatile. Market moved more ~5%, between $8.66k to $9.05k
- Price at time of publishing: $8,970
- BTC’s market cap: $165 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are mostly neutral. MACD is indicating a sell opportunity. CCI and RSI both are below over-bought zone.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 65
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
BTCUSD - Sideways Today. Price Technical Analysis #62Market in last 24 hrs
- BTCUSD price consolidated, moved in a range of +/-90 around $7,700
- Price at time of publishing: $7,745
- BTC’s market cap: $150 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are mostly neutral. Compared to yesterday some are indicating upward trend. MACD is indicating a sell opportunity. Both CCI and RSI are close to entering overbought zone.
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 64
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud indicator is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
ETHUSD - Sideways Today. Price Technical Analysis #24Market in last 24 hrs
- ETHUSD mostly consolidated, moving in range +/-3 around $196.3
- Price at time of publishing: $195.45
Today’s Trend analysis
Price should trend sideways today. Oscillator indicators are mostly indicating neutral momentum, which means that neither bulls nor bears have enough strength to drive the market in up or down direction. CCI is below over-bought zone and RSI is close to 60. MACD histogram is almost 0.
- Sideways today
- ‘Oscillator‘ indicators are neutral
- ‘Moving average‘ indicators indicating buying opportunity
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
ETH Stuck until Bitcoin's HalvingGiven the volatility of the past few weeks you might imagine this uncertainty to continue, our current thinking is that ETH will be ranging between $170-190 for the next couple of weeks until early/mid May (Bitcoin's Third Halving). There may not be an immediate explosion there after, it may take some time to build momentum, but ETH, along with a host of alt-coins, is going to get swept upwards with Bitcoin sometime very soon.
These support/resistance levels have historically been quite strong, but given how tight the space is between them and the current market conditions, we wouldn't be playing the range game here. Don't place your bets just yet, but definitely get your coins ready to go at a moments notice! Expect a pump from $190 in the coming few days!
BTCUSD Let The Chop Begin (Once Again)Hello traders,
BTC has reached the resistance level. From now on choppiness is to be expected. I have outlined some key levels between this might develop. Make sure to also check out my macro view that is linked to related ideas.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Happy trading!