D-ETH
Will ETH remains range bound between $1400 and $2000 for a bit?$ETH has seen sharp correction from its all time high over $4300 to levels below $2000 now. The current price range is an area $ETH hovered in for over 65 days on its way up to the all time high. Assuming a sense of symmetry is respected, could we see a long period of a range bound sideways market between $1400 and $2000 like we saw during the climb? The video uses channels drawn using the fibonacci retracement levels and tries to make sense of it all. Markets are not deterministic and so outcomes where we see a higher all time high later this year or we pullback to where it all started last December are possible.
Enjoy and hope these tools and analysis we share helps you understand the market better. Remember that northing we say here is investment advice. Please do you own research.
#bitcoin analysis 6.23.21 - That was a Healthy #BEARMARKET that we endured and hopefully survived through.
Markets are designed to shake you out
UP ONLY doesn't exist in the real world in a real Marketplace ... save that for the PONZI schemes (ahem Madoff)
The days of 80%+ value destruction in #BTC SHOULD not happen
(unless we see a HUGE spectacular blowoff event)
A "Welcome to" Pinescript codingThis simple idea is an intro to @TradingView & @PineCoders
Nothing fancy or complex, if you are already coding - you can skip this.
simple MA build walk through & adding a second MA.
If you want to get into coding, then here's the basic introduction.
FYI - I am not a coder, 21 years trading experience and know a bit about the instruments - but new to actual coding, especially in Pine.
Hope it helps someone!
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.
Quick Bitcoin Overlay videoAnother interesting structure with BTC.
Have a look at the overlay's here.
Here's the link to part two of the Wyckoff basics;
Here's the original call for the drop - the levels were pretty respectful as a whole and hit the target a bit quicker than planned.
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.
Where alts Market going? -Hindi #alts #bitcoinwe are near top of bull season as per btc dominance chart.. BTC dominance 40 means we r in top of alts season and now $btc dominance near 45%.. Now market will wait for fresh investment.. and it will come in BTC first.. so there is two situation
1. if btc price jump hard in 6 month than alts will dump in same period , but they will bounce back once btc stable at any point..
2. if btc price dump to 20,000 in coming month than alts will dump badly and near 50% project will dead and take long time to recover..
So at the moment Use Sell on Rise strategy and trade alts for small target and small timeframe... Holding alts good when btc dominance above 65% and alts run at all time low... now many alts only hold price base on speculation no real revenue in those coin...
Market not like Q1 where we bought anything and it was pumped.. now we need to more active and careful and than we able to get small profit...
Ethereum (ETH) • Still looking weakEthereum and most alts are currently looking weak. That weakness is equally visible vs Bitcoin.
In this video we walk through some support and resistance levels and what are possibilities support target levels.
We also discuss where it could come structurally bullish from where we currently are in price and time basis.
Since this a pretty much macro video. This neutral leaning bearish and far from support basis implies that most lower timeframes will offer better directional trades towards the short side unless we at at support range with risk is super higher to trade.
#BITCOIN update 6.8.21 have we REACHED MAX FEAR?POTENTIALLY
YES
all is not lost
but there are technical risks to the downside
but also historical reasons to see this is as AN OPPORTUNITY
wealth is made during these times of max PAIN.
ETH - BTC - SHIBA - Circle Circle Dot DotFor better or worse. I can tell my mindset is shifting from that of fear and compacencey and hoping to one of peace, planning, balance.
For me today. These are bullish markets. Despite how 90% may be looking at it.
Would be looking heavily at this as a buy zone for BTC.
Would be looking heavily for a correction wipsaw in ETH for an entry below some dots.
Shib has tested bottoms ten times in 3 days.
For better or worse. How you do one thing is how you do everything.
Back test everything.
Practice makes permanent. If what you're doing isnt working.....try these circles and dots my guy.
Keep Stacking It
-Harmonic Puma.