LAST CONSOLIDATION BEFORE NEXT BULL RUNMy Idea of consolidation towards next bull run. Best time to Buy and HODL.
ETH and BTC showing tendency of having a pullback soon before finally moving down towards the last consolidation area.
Expecting to see strong bullish formation after taking out previous HTF Low towards the GAP on 3D TF
We could already be at the start of the next bull run very very soon. Probably between March to June of 2023. :)
Time to study the best crypto projects out there.
I think the timing is just perfect, as most of the influencers out there area calling for the next bull run to be in 2024.
Momentarily my bias is a short swing upwards as a retracement of 50% to 61.8% taking out some of the gaps left recently before the continuation towards the last consolidation area.
ETH-BTC
Bitcoin 12.000 bad scenario for cm before christmasBitcoin 12.000$ soon because markets in bull/bear fight right now
Cryptomarket traders hear bad news since 2022
News about Bankman fried arrested
Maybe result bad/good for cryptomarket
I believe we see negative a result on cryptomarket pricing
Btc 12.000
Eth 600
LTC 35
Doge 0.034
ETHUSDT is testing resistance, SHORT level!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
ETH is testing the local resistance of $1340-1350, which in my opinion is considered a good short entry point, but I do not exclude the possibility that today's volatility will see a trip to the $1400 zone, so I advise you to work with limit orders.
The exit from the triangle turned out with a false break down, the price tested the $1240 zone and then the removal to the $1350 zone followed, which can be seen on the chart.
At the moment, the volatility continues, bitcoin is testing the important $18,000-18,200 zone and ETH is following it like it happens with any other alt, so there may be punctures above $1350 plus increased volatility from the data ahead of us, be careful!
Eth can have some more juice Doesn't show on the normal chart but we have a series of HH's and HL's on on the HL chart .
1299/eth was long term resistance .Nice breakout yesterday ,today we are printing an inside HH candle .Inside candles are continuation candles.
I think there's more juice left in this bad boy.
Everything above 1299...bullish !
BTCThis is my primary count heading into 2023. Seems like unless we straight nuke to $9,200 then I'd expect this move to play out.
Much more painful on both sides. Finish around the 618% of the covid 2020 crash $11,500 but never reach $10K as many are waiting.
Then B wave up to $34k getting everyone tweeting WGMI and then B wave gets finished and Rug back to finally hit $10K making everyone think Crypto is dead again.
Finally completing this correction & the HTF Wave C and this bear Market.
After that 2024 1/2ing and run it back turbo $200K.
BTC & ETH Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
111 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH ANALYSIS
#ETH UPDATE.
#ETH is currently trading in ascending triangle making higher highs and higher lows,any break below to the black diagonal support line would force eth to test the red box support area .For longs eth need to close above the red line resistance on daily.
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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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