ETH/USD Volume Analysis Prediction 3/07/2018Hi, friends.
ETH shows signs of weakness.
If the price break down and holds below level 775, with a high probability we will see a fall wave to 710 or even lower to 600-625.
There is no increase volume at the levels 775-780, so the situation for a possible breakdown for now.
But if false break down happens and the price will return back (above 775-780) into the mini-balance it would be a good signal for buy.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
Ehtereum
Double Bear Flag on Eth, are we in the death throws.Okay Death throws may be a little dramatic, we have a large bear flag/pennant forming on the daily chart but more important is the smaller flag that is well formed on the hourly, if this breaks down it will test the major trend line support at the bottom of the channel at around $728 from there we could see the daily flag break and free fall down to around $200-$300. I guess we will need to watch bitcoin, as it should bounce off around 9200 mark and head back up, this may stop the fall and the bulls make prevent it.
Good Trading, Good Luck.
[UPDATE] Finding Mr. Bottoms, when will this search end?Indicators:
Dash Purple: structural downward trend line
Dash Brown: Long run channel that broke out in November
Yellow Time Frame: Chinese New year holidays
My thoughts:
Sitting in the Middle East, for the last 3 days, i have seen the western markets be bullish, specially after the US Senate hearing and bring the BTC market up and the Asian markets bring it down, be it South Koreans selling due to new regulations and exchange issues, another one (coinpia) a small one suspended trading today, or the Chinese selling down for the holidays, or the Indians scared of a government crackdown, the fact is Asia is selling.
I am short because for the last two days the upper bound of the old long term channel has shown more resistance than i would have thought, combined with the lack of 'consistent' and strong buy volumes, leads me to believe that prices will trail the purple downward trend line for at least for the next few days till our Korean friends internalize new regulations and the Chinese brothers come back from their holidays and Indian fears dissipate.
All of this given there is no FUDing stupid news of some massive blow out somewhere in the world, I believe the search for Mr. Bottoms may finally end, around 5,000-5,500 range
***Disclaimer***
- This information is not a recommendation to buy or sell.
- I am not a pro trader, but someone learning technical analysis , as i go along, constructive criticism and positive feedback is most welcome :)
BTC –WILL IT FALL DOWN OR FLY LIKE PHOENIX BIRD ? LAST SITUATIONThere is a support level at 8800. I dont think it’s gonna break down it. Though investors lost their trust to btc a little bit, it will start its bull run to 20 K in February.
By the way a hidden bullish divergence in the chart I made must make you happy. Dont sell your bitcoins to whom the thives want to steal it. Just hold, just as we did before...
ROBINHOOD, LITEPAY MY DEAR FOLLOWERS COME FOR THE LIGHT HERE !LADIES AND GENTELMEN:
Comes now my humble not too "nooby" analysis; if you are HODLING a litecoin at the moment I would like to tell you ( be ready) you might encounter some heart issues in the coming days because we are about to see a bigger dip coming soon to the one of the major support lines as seen on my graph which $140. However, do not yet hesitate on the future of litecoin.
Let me lecture you on some valuable information that you will thank me later:
Litecoin is just like all major altcoin are related to the big boy (BITCOIN) thus when BTC makes any movement all other altcoins start shaking. Litecoin however, (mark my words) the most valuable altcoin after BTC even better than ETH.
February shall be a good month not only for Litecoin but the majority of coins including Bitcoin ! YES you heard right the big boy will making some moves not too major but essentially helpful to all of the HODLERS.
Let's count the MAJOR EVENTS coming in:
First ROBINHOOD, free commission crypto trading and already more than 1 million people are listed before its launch, imagine the influx of the new money coming to the market.
Second for LITECOIN lovers, a revolutionary step which is (LITEPAY) which will absolutely change the game because transaction will be available from dollars to litecoin and vise versa.
This two alone will cause a chaos and when people see green arrow pointing up more people will be flooding in like a tsunami.
Please support your loyal friend in the market
LIKE AND FOLLOW ME
PEACE HODLERS
ETC Massive Volume Increase Means up to 10x (LOW RISK)ANALYSIS
MACD and RSI are positive on 1 Day charts. Still room to have a small drop. Firm support at $28.00 and secondary support at $29.20
INTELLIGENT PREDICTION
(1 - 7 Days) Short Term expected gain 15% - 50% (MEDIUM RISK)
(1 - 3 Month) Mid Term expected gain 400% - 2,000% (LOW RISK)
(7 - 18 Month) Long Term expected gain 1,200% - 5,000% (LOW RISK)
NOTE - set stop loss if necessary for comfort, 7% - 15% from purchase price.
REASON FOR PRICE RISE
Besides the usual facts, we will have a fork with airdrop of CLO in early March or at block 5.5 Million
A repeat of NXT is possible
A possible very bearish resolution for ETHI'm currently long ETH and contemplating moving to cash if it doesn't break up through the upper triangle line in the next several hours. While BTC has already completed an intermediate wave (A) and (B) wave and may be near completing if not already completed its final (C) leg of its pullback, ETH might only now be completing its (B) wave in the form of a triangle. There is a bullish alternative count that I have previously posted, but for now I'm focusing on the alternative bearish count. I will be focused on that green dotted line and the e level. If ETH is turned back there, then I'll move to the sidelines and wait for resolution.
Ethereum - 1D - Target Hit, But is There More?If you like this idea leave a like and follow me to get my updates :) If you want to join our team to get trading alerts and our chatroom message me!
Underlying: ETHUSD
Time frame: 1D
What am I Looking to Happen:
So we posted a few days ago about ETHUSD potentially hitting 330 from 300. This has happened. The MACD has still not crossed and cleared the MACD range bars and so, I feel there is more upside. The potential upside is around 345-350 level. As soon as the MACD EMA's have cleared the centre line and the red range bars, we can take profits!
If you like this idea leave a like and follow me to get my updates :) If you want to join our team to get trading alerts and our chatroom message me!
ETHEREUM (ETHUSD) - 1D - The Move We Are All Waiting For?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: ETHUSD
Time frame: 1D
What Has Happened So Far:
So we have realy just been trading sideways for most of the time. I did post the other day about the Bollinger Band range tightening but I did not think it would last this long so have had to update my charts, the end goal being the same still.
What am I Looking to Happen:
Longer term I am very bullish on the major crypto currencies. Right now the MACD has just crossed above the centre line which was one of our cases for the bullish view, so it is a bit more difficult now. However the Bollinger Bands are giving us some form of confirmation. Right now price is bouncing off the centre line (brown) and is starting to move upwards. I feel that over the coming days and maybe 1-2 weeks you will see a rally in Ethereum, back up to previous highs. In order to get there, we might need a crossover on the MACD EMA's so it can then push higher. I will keep updating on this one as I think it is qute important!
Target Profit: 400.00
Stop Loss: 0
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
$NEO.X: Holding well above the 50-dayNEO finding strong support well above the 50-day moving average. Buy volume seems to be coming in relatively well, and the 12-day EMA on the 4-hour chart seems to be on a steady upward rise above the 9-day EMA. Lets see if momentum can be held. Note: If NEO can break through its $40 resistance level, this would clear the path to $47-$50.
ETHEREUM forming a Double Top??? Hold onto your BUTTS The main thing I see that makes me skeptical is the fact that the volume on the most recent run up to the high $300s was significantly lower than the 1st run, and the Volume MA for that entire period. It seems like all the new money has become complacent and isn't really buying in and the sellers are eager to take some profit. It could be all a ploy to lower the price and accumulate more ETH in advance of the anticipated fork later this month. I'm not sure but if the price falls below $195 we could be in for a MAJOR pullback. I'm also watching the MAs and EMAs on the price action, they also look like they're itching to confirm a change in trend. Let me know what you all think :-)
ETHBTC oversold, time to rise again~If we pay attention to recent history of ETHBTC we can see that it respect very well the oscilators when its oversold. Now we have a light divergency on stoch rsi. I know it is not much or means nothing for most of you guys. But I encorage you to watch closely how ETHBTC behave when oversold and the oscilators tend to signal a near long status.
ETHBTC
Right now we have a nice pivot and fibo right were we spect a floor, and if you search for that price in the "Lv 2" of your trading provider, you will surely notice a huge limit buy right between those levels. Those are the profits for a lot of bears.
The area between the rectangles, are the areas where we can spect the confirmation and the red one where the "Good Bye - Kiss" should be.
I dont suggest to "BUY RIGHT NOW" I will wait till confirmation, maybe 2 bull candels, let the price take it time to give the bears their reward for holding short. Once they got what they want. Will be time for the horns! Let ETH rise~
Ethereum ENTRY points at MAsThe MAs (moving averages) give us a nice signal for entry.
When price moves up, it almost always stops and takes a break to digest. That is called consolidation.
Buyers are taking profits and sellers are coming in, but not enough to make the price shoot up.
The price hovers around the same price until the moving averages catch up.
Moving averages, by nature, are lagging. They are an average of the closing prices. I use 9 and 20 exponential moving averages for my trading.
But when the moving averages catch up to the actual price, then there is a test. If the price stays above the moving average, then we usually see a bullish breakout.
I usually add a little when price is TESTING the moving average, and then I add some more when price breaks out of the range.
The moving averages even seem to PUSH the price up. That is only an optical illusion, but you can see it as price finally reaching equilibrium, at which point a decision must be made. Either more sellers push the price down (breakdown) or more buyers push the price up (breakout).
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!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
Ethereum break above the 55 MA and off to the races?Lot of consolidation lately as people use their funds to buy other alts. The bull parade could be slowing down and time to take profit and return those funds to the staples, LTC, ETH, BTC.
Ethereum is showing signs of building up pressure to move back up. If it breaks above the 200 MA on the 5 minute chart and the 55 MA on the 15 minute chart, then we could see a continuation of Ethereum's hundred dollar destiny.