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ETHUSD Analysis (12th May 2024) Crypto Analysis (12th May 2024) ETHUSD Analysis On 1 hour timeframe , Price has created a 1 hour bearish FVG, indicating bearishness. Currently, price action is retracing towards the 1 hour FVG slowly, but hasnt tested it yet. There are 2 high probability scenarios that could play out. 1) Price taps into this bearish FVG and rejects created a 15 minute Change of Character. IF prices does this, I want to see a body candle closure to ensure that the Change of Character is a strong one. After that happens, i want a retest into the CHOCH level before looking to sell. 2) IF price just continues to push higher past the 1 hour FVG, the FVG will be invalidated and wee will be looking for buys above 3019 level with a body candle closure above that level. Break and retest will be valid here.
BINANCE:ETHUSDShort
by CallistoFX
Upcoming buying opportunities for BTCWith the price having broken down from the 200-day Moving Average (200MA) and the Relative Strength Index (RSI) turning down from the overbought level, the price action on Bitcoin is signaling increasing strength for a possible reversal. However, to continue trading significantly lower, BTCUSD would have to break through the price area of 51,000 and 56,000. And beyond that, it could open further decline towards the support level of 40,000. Another perspective could be to view the identified price levels as hurdles which the BTCUSD could bounce, presenting good value entry positions for long term investors. Buying opportunities on BTCUSD: 56,000 to 51,000 price area (short term 50% & 61.8% Fibonacci retracement level) 40,000 price level (long-term 61.8% Fibonacci retracement level)
BITSTAMP:BTCUSDLong
by JinDao_Tai
IS BTC READY FOR NEW INCREASE TO 68KBitcoin seems the last day in a broken downtrend with here and there what stability. There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume. The trend of now. BTC trying to find the right way to get out to new building volume, out of the playing trend. Can this weekend have a new change since we are by the key level that's exactly what we will follow if BTC can break the key level l of 65K with a high chance of 68K There is always a chance there will be manipulation volumes, it depends on building volume and that's hard to count. small changes can always be targeted, its BTC. For day traders, there change noting, since day traders trade depending on what the market shows, this can be short or long at any time. This is not trading advice, markets going on their way.
Long
by SatochiTrader
1
ETHUSD Analysis (29th April 2024) Crypto Analysis (28th April 2024) ETHUSD Analysis On the 4 hour Timeframe, Price action made a bullish Change of Character after a heavy retracement on ETH. In the process, a new 4 hour bullish FVG has been formed. Ideally, I want to see price pull back to the 3282 level to retest the 4 hour minor resistance level it broke out off before creating confirmations on the 15 minute or the 5 minute to go higher. This is in line with retesting the bullish FVG created as well. However if price action fails to continue bullish and breaks past 3074 with a body candle close, I will more inclined to look for sells using the break and retest strategy, ideally with a 15 minute timeframe confirmation using Change of Character or a bearish engulfing candle, targeting 2868 level.
BINANCE:ETHUSD
by CallistoFX
1
ETHUSD Analysis 202 Crypto Analysis (21st April 2024) ETHUSD Analysis On the 4 hour Timeframe, Price action is currently retracing into a FVG which created a Change of character before attempting to break a lower low and failing. If price action respects the FVG or the OB on the 4 hour timeframe and create a change of character at the 3021.30 Level price action is more than likely to break and retest that level to continue lowerr taking out the sell slide liquidity Below. However, if price action decides to break aggressively above the 3279 level, there is a high chance price action will pump towards the 3550 Level. Keep a look out for bullish confirmation like a break and retest, or a retest of a bullish FVG.
BINANCE:ETHUSD
by CallistoFX
1
BTC Algorithmic Analysis: Potential Correction to $61,000!As a quantitative analyst and algorithmic trader, I've conducted an extensive analysis of the BTC chart, revealing clear indications of a bullish trend in both the medium and long terms. My algorithmic trading strategy operates on a cloud-based system with two edges tailored for different market trends: the medium-term edge, which is closer to the current market price, and the long-term edge, which is further away. When the medium-term edge crosses above the long-term one, signaling an upward trend, the cloud indicator turns green. Conversely, if the medium-term trend dips below the long-term one, indicating a downward trend, the cloud turns yellow. Based on historical data and my algorithm's performance, as the gap between these edges widens, it suggests potential for a price correction. I anticipate a possible retreat to around $61,000 for BTC. Such corrections are typical within upward trends and may offer favorable opportunities for traders to enter the market or adjust their positions. It's crucial to vigilantly monitor price action around the $61,000 level to discern future movements. Please note that any market analysis provided here is intended for informational purposes only and should not be construed as financial advice or a trading signal.
Short
by alih_net