D-ETH
Ethereum (ETH) • Hitting support again but macro trends weak Ethereum still looking terrible. Didn't break major resistance levels and now retesting lower lows once again.
No reason to be bullish on ethereum while we don't see significant bounce on strong volumes but also breaking the dynamic trendlines and quarterly opens outlines in the video.
BEST pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high.
The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video.
People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.
I also mention in this video that BTC likes to fall 80% from all-time highs. This is also a strong indication that BTC might go back down to the $10k-$15k range.
Many new traders/investors are tunnel-visioned on the current price. They forget to take a step back and look at the big picture. I’ve met BTC traders who said that BTC never fell more than 50% in its lifetime. Those are the traders that never looked at BTC chart before 2020.
CryptoMarket Update (#27) : Don't Fall for OverTrading !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Weis Divergence on BTC - So what?Here's a quick video view of the Weis Divergence - I have highlighted the up volume & hidden the down volume. For me this is showing a lot of effort and very little result. Actually retail efforts for the price to move lower.
See the COT & Elliott view also inside the video.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
CryptoMarket Update (#26) : Back to 1.7T$ MarketCap in July ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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CryptoMarket Update (#25) : Weekly Bulls VS Intraday BearsHere's your weekly update ! Brought to you each weekend with years of track-record history..
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