BRIEFING Week #25 : Still trying to Time the Market ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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D-ETH
ALTCOIN BULLRUN UPDATE | IS BULLMARKET OVER OR NOT YET STARTED?What if I say the bull run hasn't started yet? It was just a Bitcoin run. Altcoin bull run (2024-25) will start very soon!
Retail is now panicked because they think bull market is over! Market will only continue to go down. That's what they think before the real bull run starts.
ETH is the king of ALT coins. Both the 2016-17 & 2020-21 ALT bull run started right after ETH (btc-pair) bottom and BTC-DOM top was made.
Bull run is not over! Check the chart, It hasn't started yet. The great altcoin bullrun (2024-25) is still to come🌚
$BADGER in Demand zone
Sure, here are the key points for demand zone trading in crypto:
1. **Identifying Demand Zones**
- Look for price areas on the chart where the asset has historically seen strong buying interest, causing multiple price bounces or reversals.
- Confirm these zones with high trading volumes and supportive candlestick patterns like bullish engulfing or hammer patterns.
2. **Trading Strategy**
- Enter long positions when the price approaches a demand zone and shows signs of a reversal.
- Place stop-loss orders below the demand zone to mitigate risk and set take-profit levels at previous resistance points or based on favorable risk-reward ratios.
3. **Combining with Indicators and Risk Management**
- Use additional indicators like moving averages, RSI, or MACD to confirm trends and potential reversal points.
- Practice sound risk management by using appropriate position sizing, diversifying your investments, and continuously monitoring and adjusting your strategy based on market conditions.
ETH, ran out of breath?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH update 🧵
It looks like it moved down and bounced out of the area,
MLT for a W5 as a possible impulse.
Watching these 3 paths for some clarity.
A completed impulse down here doesn't spell ATH.
But A break of
3653 and 3759 would have me reconsider.
#Elliottwave #PriceAction
MATIC Weakness: 2-Year Pennant BROKENAfter a massive pump last cycle, MATIC is one of the weaker bigger alts on the market. It has given away all of the gains made since the October 2023 bull move and is not looking like it will stop dumping. The pennant pattern that has been holding for over 2 years has been broken.
I'm looking at the yellow area for a potential long-term entry. Patience is key.
#ETH: ACCUMULATE HERE!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming.
IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging).
Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions.
Buying range:- $3200-$3500
Target:- $6k-$7k
Invalidation:- Weekly close below $3200
Let me know your thoughts in the comments below!
Could Ethereum reverse from here?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 3,561
1st Support: 3,449.66
1st Resistance: 3,625.50
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$ETHBTC two year downtrend breakoutTo pair with the USD chart from earlier, which I'll link, BINANCE:ETHBTC finally appears ready to break out of the downward channel dating back to summer '22.
Successful retest of 3D RSI EQ, as well as the recovery of the pink zone.
This channel is a thing of beauty, but we shall not miss it. Bigger and better targets await.
ONWARD AND UPWARD.
$eth HTF breakout imminent | TP ~$7kCRYPTOCAP:ETH still looks full bull to me on HTF. Hovering right above previous major resistance, which coincidentally is right at the pivot.
5D chart here. Sill on bull side of RSI EQ and AO is inching closer and closer towards a full reset.
We're eyeing at least $7k by November.
ETH Analysis:Comprehensive Review Across Different Time Frames🔍 Let's dive into today's analysis. Today, I want to thoroughly analyze Ethereum to provide a complete overview of the potential scenarios ahead.
Bitcoin Analysis
📉 First, let's take a look at Bitcoin. In the 4-hour timeframe, we found support at 64429. After breaking the high of 65389, we set a higher low in this timeframe. From a Dow Theory perspective, we are seeing the first signs of a trend reversal. If we set another higher high and higher low, we can confirm an upward trend.
📈 An important aspect of this trend change is that buying volume needs to enter the market. As you can see, the green candle volume is gradually increasing. We now need price confirmation for an early long position entry. Dow Theory confirmation can be a good trigger, but if the price doesn't correct, candle confirmation above 66719 can serve as a suitable long trigger. RSI has also given its confirmation by breaking 50.91.
📉 For short positions, confirming a candle below 64429 remains a strong trigger. Given the current downward momentum, there's no need to complicate things unnecessarily. Simply confirming a candle below this support is sufficient for a short position, with RSI breaking below 32.53 providing additional confirmation.
⚠️ Remember, we are in a large range box. When the high wave cycle (HWC) is in a range, we shouldn't expect our positions to yield significant profits or for the market to move sharply and hit our targets.
### Ethereum Analysis
🔍 Now let's move on to our main focus, Ethereum (ETH).
Weekly Time Frame
📅 Starting with the weekly timeframe. Alongside Bitcoin's rise from 25k to 74k, Ethereum also climbed from its 1500 support, coinciding with a curved trendline, up to 4k. It formed a significant resistance at 3873 and then began correcting, reaching around the 0.382 Fibonacci retracement level, finding support at 2922.
📈 A major catalyst for Ethereum's support at this level was the announcement of the approval of an Ethereum ETF, which generated considerable hype. As a result, since that day, everyone has been waiting for the ETF's launch date. This has created significant bullish sentiment around Ethereum. By analyzing the total2 to total3 ratio, Bitcoin, and Tether dominance, we can infer that money flow is shifting towards Ethereum, likely because traders and whales believe that buying before the ETF launch will be profitable in the future. Technically, we can see that it reached the 0.382 Fibonacci level, and as selling volume decreased and the SMA25 intersected the price, a new upward momentum began. In my opinion, a combination of technical factors and the ETF news has created significant hype for Ethereum.
💸 For spot buying in the daily timeframe, it's better explained, but if you buy only in the weekly timeframe, you should wait for a break above 3873. Breaking the 70 level in RSI can provide additional confirmation for your buy.
📉 If the 2922 support, which aligns with the 0.382 level, breaks, we could move towards the golden zone of Fibonacci, between the 0.5 and 0.618 levels, with a target around 2200.
Ethereum to Bitcoin Price Ratio
📉 Next, let's analyze ETH/BTC, which shows the price ratio of Ethereum to Bitcoin, helping us understand the money flow direction. Since mid-2022, Ethereum's price relative to Bitcoin has been declining. This doesn't mean Ethereum's price dropped, but rather that Bitcoin's price increased more significantly.
📈 After reaching the Demand zone, this chart made a fake breakout below this zone and returned to it, reaching its descending trendline. With the current hype and money flow into Ethereum, we expect this trendline to finally break. After breaking the trendline, the next obstacle is the SMA99. If Ethereum clears these hurdles, it could see a 56% increase relative to Bitcoin. If Bitcoin also trends upward during this period, Ethereum could experience significant growth in the ETH/USDT chart.
📉 If Ethereum continues to decline relative to Bitcoin, the next target could be 0.04307.
Daily Time Frame
📅 Moving to the daily timeframe. In addition to the weekly Fibonacci, we can draw another Fibonacci on this timeframe. The 0.618 level of this Fibonacci overlaps with the 0.382 weekly Fibonacci, creating a significant support at 2873. After breaking the trendline discussed in previous analyses and the ETF approval news, Ethereum made an upward move.
📉 Currently, it has reached resistance at 3894 and is correcting, forming a range between 3457 and 3642. Breaking either of these levels could move the price to the bottom or top of the range.
📈 For spot buying, breaking 3642 is risky; the main resistance is 3894. Breaking either of these levels allows you to buy. RSI can also assist in spot buying; breaking 52.04 allows buying after price confirmation. For shorting in a market downturn, 42.84 is a suitable trigger. For futures positions, let's look at the 4-hour timeframe.
📉 In this timeframe, the price, after reaching the 0.618 Fibonacci level, created a range between 0.618 and 0.382, visible in the daily timeframe as well.
📈 We have two main triggers for long and short positions. The main long trigger is breaking 3629, with RSI breaking 61.57 for additional confirmation. For short positions, breaking 3402 is ideal. Use these triggers for opening positions. The target for long positions is 3875, and for short positions, it's 3185.
📉 If you want to open a short position earlier, confirming a candle below 3522 allows a low-risk short entry. This is happening now, and if the candle confirms below this level, you can enter a low-risk short position, but the target will be 3402, not 3185.
⚠️ The most crucial point in most analyses is that volume must confirm the trend. Always remember this to filter out and identify fake moves.
📝Ethereum's price movements are currently influenced by a mix of technical levels and fundamental news, particularly the upcoming ETF. Monitoring key support and resistance levels in different timeframes, along with volume and RSI confirmations, is essential for making informed trading decisions. Keep an eye on market trends and news updates to adapt your strategy accordingly.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
ETH SHORTETH is showing signs of a potential breakout to the downside, presenting a short trade opportunity. The breakout trade setup indicates a possible downward movement in Ethereum's price, making it an attractive option for shorting. Traders may consider entering a short position in anticipation of a bearish price movement, aligning with the breakout pattern.
SOL vs ETH (Y24.P2.Video1).Bearish structure, lost the weeklyHi Traders,
Here it shows that we must be on top of our game if we are to maximise our opportunities.
I missed this chart which was setup months ago.
Really annoying to miss such important opportunities but are we going to learn our lesssons.
All the best,
S.SAri
ETH - Simple Structure!Hello TradingView Family / Fellow Traders,
📦 After breaking below the $3650 structure, ETH has been bearish trading within the falling channel marked in orange.
📈 For the bulls to regain control, and push towards the $4000 mark, a break above the upper trendline and $3700 is needed.
📉 Meanwhile , ETH would be overall bearish and can still trade lower to test the lower orange trendline and $3,200 demand zone.
Which scenario is more likely to happen first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC HALVING - What will happen? Historically, Bitcoin halvings have been associated with price increases in the past.
Supply Reduction: Bitcoin halvings reduce the rate at which new Bitcoins are created, effectively reducing the supply. Historically, this reduction in supply has led to upward pressure on the price as demand remains relatively constant or increases.
Halving Anticipation: Many investors and traders anticipate Bitcoin halvings, and this anticipation can lead to increased interest and buying activity leading up to the event. The "buy the rumor, sell the news" phenomenon can contribute to price increases before the actual halving takes place.
Historical Patterns: In the past, Bitcoin has experienced price increases in the months leading up to and following a halving event. While this historical pattern doesn't guarantee future gains, some investors may use it as a basis for their investment decisions.