ETHBTC: Bitcoin will outperform Ethereum unless this line breaksThe ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019).
The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can we see an immediate rally on ETHBTC. Until we do, it is more likely to see Bitcoin outperform Ethereum as the candle action since March 2022 is similar to the one from September 2018 - May 2019. The 1W RSI is a testament to the repetitive nature since March 2016.
If we get a repeat, that would make a bottom on Higher Lows trend-line A and then steadily rise on Higher Highs and Higher Lows.
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ETH-BTC
Chainlink on the vergeThis is a follow up to the TA below. Have a look at that one first .
So here we are a month later and Chain Link is on the verge of a major relief rally with only 48 hours from a massive weekly and monthly. My predictions so far spot on .
Let's take a look at the structure on the weekly and monthly
The weekly has been making lower highs since June and the monthly is looking to close really strong with a massive wick , showing real strength.
LMACD printing two light reds on the histogram showing momentum is moving up for LINK , keep in mind we still have 48 hours to confirm this signal .
The LINK/BTC dominance chart that uncovered all these amazing LINK fibonacci time sequences has still a 100% win rate, check the TA below .
Which was in a ascending wedge which turned into a descending wedge that has currently broken to the upside .
Once LINK breaks this blue dotted line things are going to get really interesting for LINK and for the last piece of update and by far the most important one in my opinion is the USDT dominance chart.
When I say LINK is on the verge of a rally I mean it , not just LINK but the crypto market as you can see we were in a rising wedge that has broken down, a few weeks back i published this TA detailing how USDT would move.
It was pretty close in fact the movement was pretty much the same, it was just it on the 0.618 Fib time instead of my prediction of 0.5 Fib.
So at the moment we are currently sitting on the last support for USDT , if we break this the crypto rally will officially start.
Just look at the reaction this white support line has , keep in mind this line has been there since Jan 2022.
Amazing reaction , once this breaks and closes under on a weekly we are good to go for 120-200 days before a massive crash comes in.
So far everything is unfolding as predicted , the cycles are repeating , the bottom is already in and has been for months. Most traders are still looking to short the market while here we have been stacking for months at these prices.
There was plenty of hard evidence that the bottom was in take a look below
And now Bitcoin will be printing its first colour change the LMACD histogram (confirmed in 48hours with monthly close)
Beautiful , no words to describe just take a look and sit back in disbelief because not only are we doing the same thing as other cycle bottoms we doing it in pretty much the same time frame.
So whats next? If i’m correct what happens next is the following
Relief Rally to 0.618 or top of the channel
Sometime July 2023 possible massive flash crash
Then only up till next cycle top sometime 2025.
ENS USDT | everything is possible!Despite the bear market that struck most cryptocurrencies in Q3, ENS managed to keep generating revenue. While witnessing growth in terms of its network and daily activity, the future outlook for ENS seems positive.
ENS is trading at $13.13 and it had appreciated by 8.36% over the past seven days. However, in the past 24 hours, its volume depreciated by 6.47%. At press time ENS had captured 0.03% of the total crypto market.
ENS technically is above a very important support between 13 to 12.5 and breaking this support in daily or weekly time frames will open the road to 8.5 and 7.37 supports (decline by -30% to -40%)
We may open a very discreet trade according to the current support.
#ENS/USDT
🟢Entry price: 13.15 to 12.5
🎯Targets:
|> 14.17(Sell 40%)
|> 14.95 (Sell 30%)
|> 18.73 (Sell 15%)
|> 22.75 (Sell 15%)
🔴Stop-loss: 11. 35 (1D or two 4h candles Close under it)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 4%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!
"THE FLIPPENING" : When ETH flips BTC in dominanceThe flippening, or when ETH exceeds BTC in dominance, aka flipping dominance, will happen on May 2023 according to this chart.
By charting the ratio of ETH dominance, ETH.d, to BTC dominance, BTC.d, the flippening occurs when the ratio exceeds 1.
ETH.d to BTC.d ratio has printed a cup and handle pattern on the higher time frame. This pattern's measured move, if the ratio breaks out of it, exceeds 1 meaning that ETH would have flipped BTC in dominance.
By projecting a rising channel from the handle, the intersection of the measured move is around May 2023.
At the moment it seems inconceivable that crypto will rise, but drops of 80% to 90% are common in alts in bear seasons, bull seasons will be in the multi Xs gains for alts.
BTC is facing many problems, the largest of which is energy consumption, currently turning a profit mining BTC is in the red as energy prices have risen and BTC price has dropped. Another problem is that BTC transaction time is exceedingly slow and BTC lacks smart contracts.
ETH merger has addressed the problem of energy consumption in mining and theoretically transaction fees which have been astronomical since ETH price has risen.
ETH technically is a better contender as a BTC replacement. Also, ETH holders from March 2019 covid dump have outperformed BTC holders. Microstrategy would have been in better shape if it held ETH.
In an old idea below, I predicted that ETH will reach the neckline of the cup and handle around 25% of the market cap.
Bitcoin | SPX, DJI, Altcoins, Flash Crash, The Merge-ETH & MoreWho dares to make a prediction at such a juncture?
Anything goes...
After this type of action, a new low compared to June but with lower volume... We normally tend to see a test of the "counter trendline", this is as common as it can get.
We also have MA200 dropping fast and once this one drops the candles tend to move in the contrary direction and meet up half way.
We also have the feds easing a little bit, any good news the market can use as an excuse for a much needed relief.
We see many Altcoins that did not hit new lows instead hit new highs, signaling that not all is lost.
The SPX is sitting above 4000.
Its bear market is not over but already in the relief phase with a few more weeks to go.
The DJI broke the August high... We see some positive signals around...
What about Bitcoin, where will it go?
We are looking for a jump now but we have no volume, no positive signals... So many a flash crash and then up?
Ethereum, the merge, is already trading above EMA10 but weak nontheless...
I say up... What about you?
Let me know in the comments below.
Namaste.
Ichimoku Analysis for MATICClosing below the cloud and also lagging below it will be a good short signal.
BNBUSDT| We take SHORT from local resistance.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
From the last signal in LONG, they were able to take 20%; now the asset has rested against the local resistance of $ 303-305, there is a chance to get a rebound!
I take no more than 5% of the main deposit for a deal, with a short stop order for $318, be careful, you can see a puncture and then go below $300
Take profit will be updated according to the situation.
Chainlink Trade (High Risk)This is a really high risk trade but I like these springboard patterns they have high hit rate for me.
Every time LINK has dropped under 5.8 it has been bought back up pretty quickly.
The 12hour time frame has caught these divergences pretty well and we just confirmed another one with the last candle.
So what do we have :
1. LINK extreme oversold zone RSI under 40
2. Bullish divergence on 12h
3.Springboard setup
4.Max Fear in the market
I take the trade
Stop loss last swing low 5.6
🔥FORGOTTEN GAINER: STEPN (GMT) IS ON THE WAY TO NEW HIGHS?🔥 Hi friends! The media activity around Stepn a fall to it's yearly lows, so this is a time fot traders to pay attention to it. The retailers are already wiped out on this 46% dump as the overleveraged traders.
🚩 Aditionally, we see how the GMT price move during the double bottom pattern. This pattern calls the swing failure pattern cause the price can't fall/grow after the reaching swing low/high.
GMT already make it 3 times and now we see the 4th. All the targets for GMT will be reached, If BTC make a pullback to $19k. I think that is more than possible.
📊 TRADING PLAN:
🔥 long traders liquidation which happen not so far. We can see it on the growing volume bars. Also the short traders who open a trade on this dump will be forced to close their trades in loss. Such activity will push the price higher and higher
🔥 squeeze to the trendline before the breakout
🔥 bullish BTC is a must have for altcoin growth
🚩 The main task of traders is to understand the mood of the whales in different situations. I use DOM and Footprint scalping tools to idenify the big players. I see when they sold during the pump and buy during such "avalanches" like that. So it's very usefull tools.
✅ TARGETS:
1. $0.43 - the closest key level
2. $0.57-0.66 - the closest value area and strog resistance
3. $0.92-1.1 - the important value are and even number of $1, which is huge technical resistance
🚩 I recommend you to book at least 70-80% of profit at the 2nd target.
Traders, what is your targets for GMT? Write in the comments
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
SOL ADA SFUND ENJ DOT look like trashBoy we're glad we sold $SOL LONG AGO!
Something didn't look right after last green bump 11/5 & since then, nothing but sells
$SFUND & $ENJ Tiny trailers, great sells too
$BNB $DOT sold off huge after sells @ blue line
Dishonorable mention $ADA = TRASH
#cryptomarket #Crypto
$VGX Long on Daily, $1.20 again??With news of #Binance putting in a new bid for #Voyager, #VGX has been soaring. It is testing the bottom of the triangle (old support, which is now resistance). If breaks through we can see $.70. Will it hit $1.20 again???
ETHUSDT | We are waiting for the exit from the pattern and dial Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Still the same triangle, only had to adjust the borders from the last signal.
Here the 50/50 deal placed an order below $1200 (1160), the asset starts to clamp in the range and I think the exit from the triangle will be a downward movement, if I can’t hook the order, then I’ll just wait for a new entry point, I’m trying now to share deals without much risk!
Be sure to work with risk management, it is now more important than ever!
4Hr $BTC is FINALLY leading!!! Yes, it's 4 Hr but it's a startWHAT IS THIS?!?!?!
DO YOU SEE IT?!?!?!
Granted, this is 4hr chart but $BTC is FINALLY leading!
Posting ETH soon
RSI looks good on both
$ETH lagging but will likely FOLLOW
THIS IS GREAT NEWS
AGAIN
4 Hr chart, don't get so excited but nice PLUS
#BTC #ETH #Ethereum #Bitcoin #crypto
TSUKA - We're about to turn.Buying pressure on the hourly has created an effective floor.
We have a price shock to the upside possible.
As you can see the descending wedge in the regression channel has almost completed and is about to break trend to the upside.
Also TSUKA's official twitter feed on Friday announced they will be listed on a major exchange in the next ten days.
twitter.com
Someone bought heavy to the point of owning over 5% of the current float of TSUKA, this could be a whale, or this could be an exchange gearing up for a secured launch.
NFA - I am long TSUKA and am buying as much as I can afford.
ETHBTC looking strongWhile ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.
Ethereum ETHUSD - Welcome to Bear Markets. $2,800 Lies AheadBear markets provide exceptionally nice volatility and are a really great opportunity to trade. But because they trade big ranges and go after both highs and lows, humans don't like them. Why?
Because people want to push buy on something and have it go up in a straight line with little or no pullback.
If that's what you want, go loan someone with good credit some money at 5% interest and stop trading.
Ordinary humans don't want to have to think about risk and reward and they don't want to have to take profit. They want to smush buy and get a 10 or a 20 bagger and go to the strippers.
And yet in the last stock market bull run, the greatest in history, retail traders lost $5 billion in the options market . Go figure.
The reason bear markets have such huge rallies is because bear markets are about selling. If you understand what selling is about, you'll understand that institutions and funds don't sell the bottom like you do. Neither do they buy high like you do.
Instead they buy at low prices from you while you're afraid and sell to you at high prices while you're greedy.
The best part of a bear market rally for them is that it Pavlov's Dogs you to buy the dip, so that when the pump is over you'll be on the wrong side of the trade, buying and buying "at a discount" while it slides downwards like an avalanche with only impotent wicks that don't last along the way.
Now, I'm not bullish on crypto. I think digital currencies, without exception, are scam coins with literally no value. The most fundamental reason for my opinion is that the Federal Reserve and the U.S. Department of Treasury intends to crack down on crypto in the very short term future for the purposes of replacing these so-called "decentralized" systems, which are heavily centralized in Chinese Communist Party-linked interests in the first place, with Central Bank Digital Currencies.
You should know a global digital dollar is never going to run on Ethereum or BTC. Don't be foolish. Nobody is going to give you power like that. It's a small club, and you aren't a part of it.
If you don't believe it then read the Fed's FOMC minutes. Stable coins are targeted in each and every one. The Democrats, which so many of you somehow still vote for, have crackdown legislation targeting crypto making its way through the House. Look at things from the International Bank of Settlements and look at comments given by the Deputy Governor of the Bank of Canada on the topic of Smart Contracts.
CBDCs and global social credit are coming. The globalists want to emulate the Chinese Communist Party. Technocratic communism won't be built on Ethereum.
Ethereum is just here to groom you to accept real technocratic communism. When they're done using it, this will get knocked down to $50, and then $20, and then $5.
Ethereum has already degenerated into a censorship regime as well. There's nothing AnCap about this junk, except that it goes uppy and you want to get rich, and quick.
In terms of long time frames, because Ethereum rallied so huge and so fast, from $300~ to $4,500 in only seven months, big moves like $1,100 to $1,650 only amount to marginal variance inside what can be considered a demand zone.
The truth is, though, that once Ethereum broke $1,700 during the June dump, this market is no longer a bull market. The makers are accumulating positions at a relative discount, still, and that type of demand zone, because the range is so huge, goes all the way up to $2,600.
There are two important considerations with this trade, considering ETH:
1. Ran the bottom of the $1,300 consolidation range and immediately recovered
2. Broke out, hard
3. Has not retraced in 2 weeks
These factors combined mean that the MMs are still heavy on the sell, and if ETH is to stop making upwards progress and actually trade under $1,480 again, it will not be for the sake of a rebalance for further upward movement, but because we are going under $1,110.
In short, that price range is "poison" and will only manifest when the markets at large are in trouble.
So if you're underwater short, I hope you cut your losses while you have a chance.
Because the MMs are heavy on the sell, you can expect previous highs to be eliminated.
Those most significantly stand at $1,800 and $2,050, two key psychological levels that will bring in a lot of FOMO. Because they will bring in FOMO and people who have been standing on the sideline scared, the market isn't likely to turtle soup either of these levels.
Instead, I expect the real intention of the MMs is to take the longs they accumulated in the $1,100 - $1,200 range over the course of several weeks back towards and above range equilibrium of $2,600 and begin distribution.
Once distribution is finished, the drop will be tremendous in terms of both speed and magnitude. What's aimed for will be three digits, and at that point, what we are being being set up for is probably a new high over $5,000.
But it will be very hard for you to survive long enough to see numbers like $5,000, especially if you want to HODL, especially if you get greedy, especially if you get scared.