Ethereum crashing don't lose your mind, still in range.until its actually invalidated we are just ranging and coming back down to test the lower levels for support which should totally be expected given the way the stock markets as a whole have been today as well as the fact that we have plenty of FED meeting that begin Wed. and don't end until Fri.
Don't freakout it's going to be OK. Most likely just a better time to OPEN a position and or make use of trying to DCA.
You've got further support at $1250 and $1200. Not likely that it just Nukes to $600 if that's what your worried about. Depending on your position size for most people they should focus more on buying this dip rather than selling and or getting liquidated or doing so themselves. Looking forward i think we see Eth above $4500 within 12-24 months 36 tops. the next real bull run should take Eth over $5k and possibly over $7500 before a retest of the lows that in the future i believe will be $1800-$2500 at their worst and NEVER again see sub $1500. so, enjoy these prices while they last and rather than FEAR them, take ADVANTAGE of them.,
D-ETH
BRIEFING Week #40 : Patience & Resilience still requiredHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Ethereum weekend thoughtsI still say we are on track to hit $1400-$1600 ranges for a liquidity grab as well as to resolve a short-term oversold metric. However, unless we get a major change in narratives and or global economics, we are STILL in a Bear Market and a down trend.
I'm still expecting more downside going into the end of the year/next year as they finally get the U.S. absorbed in Recession feelings and maybe even by Q2 2023 begin foretelling of a possible global depression.
Trade wisely and remember to preserve capital at all costs.
IF you're not really short-term trading and looking at investing on a longer horizon as in months and years vs days and weeks. These are looking to be REALLY good ranges to begin your and or stick with your DCA strategy and or time to adopt one.
#Ethereum #Eth
Ethereum spy s&p500 #BTC Bitcoin SPXLooks like we might be able to hold the line in the markets at this last weeks test of the lows, i.e. about 3700 on the spx and in that $19.5k range of the Bitcoin. Ethereum looks to be holding the range at $1325. We wont really have direction until the markets fully open and we see what the big boys and major algorithm trading bots do with the bigger cash flows. There's a VERY good chance that we go lower today, especially this being Friday. Be very cautious with making moves going ALL in on this DIP.
Stay safe and trade Wisely and remember to preserve capital at all costs in markets like this.
Trendmaster Market Update - Monday October 3rd -Welcome to Monday October 3rd
The Q3 close last Friday showed a complete route in the general markets as the quarterly close saw the DOW, NQ, and SP down 16%, 17%, and 20% from their summer rally highs. The Dollar Currency Index is still fully parabolic from it’s double bottom from May 2021. The collapsing value of the Swiss Bank Credit Suisse has brought to problems in Deutsche Bank and several other institutions across the European continent. That being said everyone is bearish and expecting more downside and historically Q4 is the strongest quarter.
*Breaking* - hastily announced emergency FED meeting (US) has been called for today at 17.30 UTC
-Markets
Both the Nasdaq and the SP500 are at critical support. The Nasdaq closed the quarterly under 11k signaling the lowest close in 2 years however still holding above it’s 9.7k pre covid dump high. A gain of 11.5k is the only thing that matters to the upside -
The SP500 also closed the Quarter under 3.6k another 2 year low with only the pre covid dump high at 3.4k to offer any levels of importance to the downside. -
The VIX is still hovering around the low 30s and at a potential failure point. A loss of 29.5 and the major support there could see some bullish relief as markets have been generally crushed and fear and panic are reaching 2008 levels. Anything above 35 and the bearish markets should accelerate to the downside. -
-Crypto
BTC is still hovering near its main resistance as 20k which is the September, July, and Q3 open. This is the main area to break out from which upon its gain should see a test of 21.2k at the least. To the downside 18.6k has remained an important swing in price action and between that and 18.4k there any major losses or level there should flush the price back into the 17k zone. -
ETH although retracing more than BTC following the highs from the summer rally, ETH continues to hold above the June/July range high at 1.27k. Any loss of level around 1.22k should see a retest of the previous range levels at the low 1100s. To the upside a regain of the floor of 1.4k could see ETH rally to its September open levels of 1.55k. -
BTC1! - BTC trading on the CME is opened up monday with a slight gap just above 19.2k at that is the Daily, Weekly, Monthly, and Quarterly open. The CME Report showed nothing significant other than Exchanges/Brokers being extremely short as of last Tuesday. Asset Managers/Institutions are still completely out of position on their longs that were added in November ‘21, and April, August of this year are severely under water. CME traders want the regain of 20.4k to test up into the 22k zone. There is also a very old CME gap from 17.6k to 17k which is still untouched from the 2020 runup. Any fill of that gap would be critical in the overall price and a buy back or continued loss of that zone would dictate BTC’s direction for the coming quarter. -
Spotlight
NFLX - Netflix has been playing out a beautiful 17%+ range for the past 6 weeks with major support at 215 and resistance at 250. Buying higher lows from the support and Selling lower highs from the resistance is still viable until proven otherwise. A loss of the 215 low should see a retest of it’s June monthly open at 198 while conversely a breakout of 250 could see the gigantic gap between 252 and 330 finally filled. A breakout however, is only likely in a general market rally. -
Financial Events
The emergency FED meeting today at 17.30 UTC is of critical importance to the markets as the financial system is showing signs of cracking. The only item listed under Matters to be Considered is “Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
Other important items this week:
Wednesday Oct 5th - Crude Oil Inventories
Thursday Oct 6th - Initial Jobless Claims
Friday Oct 7th - Unemployment Rate - Forecast 3.7%
Chart to Watch
The DXY Dollar Currency Index is generally the canary for market Bullishness or Bearishness as it has an inverse relationship with the general markets. The fact that we are at the midpoint of the “Dot Com Bubble” high structure is a frightening wake up call. It has continued its fully parabolic move since the double bottom back in May 2021 and shows no signs of slowing. The important swing low at 111.3 needs to be broken and retested bearishly which would signal a general correction in the DXY and see much needed relief flood into the markets. It has currently only tested structure at 111.6 in the past few days of retracement and looks primed to send off to new highs. The eventual parabolic break of the DXY will be a catalyst for a significant bear market rally. -
ETH.Usdt (Y22.P4.Video1). Short trade scenarioHi All,
ETH along with many coins is looking bearish for the short term and from a macro perspective, I still have ETH dropping down to 600 to 800 range.
Here I explain a few setups and what to possibly look for as a trading opportunity.
Please give me a like and share,
All the best,
S.SAri
ETHUSDT - Bullish Volume +20% LongSETUPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I hope you had a great weekend ! We're waking up today seeing altcoins gaining ground on BTC. This is a good sign, alts like ethbtc holding their ground whilst BTCUSDT slides lower. This indicates a rotation from liquidity (money) out of Bitcoin and into altcoins.
Today's analysis is on ETHUSDT and we're taking a look at the fixed range volume profile tool. This provides us with a POC (point of control) which we can use to determine a potential short term target and a bullish long-setup that could reward 20%.
While you're here 👀 Check out other altcoins with great potential that I'm watching for the last few months of this year:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow
We thank you for your support !
CryptoCheck
BRIEFING Week #39 : The Dollar Gamble at Full SpeedHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
MAKE MONEY NOW!!! ETHEREUM PUMP!! LETS GOOLIVE UPDATED SIGNALS JUST FOR YOU!!! STOP LEVELS ARE PREVIOUS BUY ZONE ZONES! TREND LINE ANALYSIS. watch me put in all the trend lines. 1 hour breakdown leading into a four hour chart break down!
Time is of the essence on this one. Buying dips is a challenge. Wait until Monday to enter, I expect the market to range on Sunday (next 12 hours until NEW WEEKLY OPEN) be patient and wait for the right time. set some limits no need to chase! Happy Trading stay tuned and thanks for all your support! Chat soon!
BRIEFING Week #38 : Merged, 4Witches & FED aheadHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
US500, DXY, USDT.D, BTC & ETH Analysis To Feel The Market!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US500, DXY, USDT.D, BTC and ETH.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BRIEFING Week #37 : Merge Merge Merge !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
BTC & ETH Detailed Video Update!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
63 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich