ETH-BTC
ETH breaking below the 1500 support level is inevitable On July, 18th Ethereum broke above the 1500 resistance level and is now failing to retest it. The whole market has a bearish bias, and this would affect eth as well.
In addition, ETH is moving in a bullish falling wedge since January 24th 2022.
What is somehow a little bit confusing, is that ETH succeeded to fill the gap formed on June 13th ( which most of us thought it was an exhaustion gap ).
We could easily see the price get closer to the 500 area as the whole market preparing for a painful august.
ETH LONG POTENTIALPotential against FED news. I'm in and now just holding - SL very tight.
People are playing with the price because they
are anticipating a massive drop due to FED news.
Long w/ tight stop loss
No FOMO
HOLDING until either SL is hit or we revisit.
I dont want to FOMO in halfway up at 1700
500% up on Short/Profits took profits, ill add to Short if we dont break recent channel high
Cryptocurrency Green Week (Market Cap. Will Hit 1.675 Trillion)Let's start with the altcoins first and I will explain my point at the bottom.
Litecoin (LTCUSDT)
- Above EMA50, high volume today.
- Signaling green next week.
Chart:
Bitcoin Cash (BCHUSDT)
- Full green candle today.
- Trading above EMA21 and EMA10.
- Signaling green next week.
Chart:
EOS (EOSUSDT)
- Hits a new high today.
- Trading above EMA50.
- Signaling green next week.
Chart:
Ethereum (ETHUSDT)
- We have a bullish flag.
- High volume today.
- Trading above EMA50.
- The retrace did not hit any of the moving averages, this signals good strength.
Chart:
Cardano (ADAUSDT)
- Trading above EMA50.
- Same situation as the pairs mentioned above.
The cryptocurrency market moves together...
The major Altcoins move together...
While we can see a doubtful/shaky Bitcoin chart, this is done on purpose because everybody's attention is on Bitcoin, so it can't be 100% clear what will happen next.
So we get the doubt on Bitcoin but if we look deeper, other charts that are correlated are already moving ahead.
My theory is that Bitcoin will grow because all these others are also growing and they move together/in groups.
We already used this same thinking successfully before...
See these two examples below with Ethereum Classic (ETHUSDT) and Polygon (MATICUSDT).
Polygon
Ethereum Classic
In the TOTAL chart we can see that the MA200 support holds.
After an entire month of consolidation we get a hammer (reversal signal) and this week a full green candle...
The rest is on the chart.
Namaste.
ETH vs. BTC - Medium Term Trading Idea - 24 July 2022KRAKEN:ETHBTC testing downside of the trading channel. In the next 2 months till end of September I'm expecting the ratio to be in range of 0.065 - 0.075 Bitcoin per Ethereum. In Q4 we can expect sharp north move
What is the supported thesis technically for the expected scenario on ETHBTC ?
- Big capitulation of ETH and strong coming back
- Etherium 2.0 coming soon
- Healthy coming back and strong alt season to 0.1 eth per btc
If you have any questions related to this trading idea I will be happy to provide you with answers. FX:EURAUD
ETHETH ran too fast too quick,
Breakout traders are trapped here and if the prices trades lower they will be forced to liquidate their positions this in line with the FED meeting one the 27th and another rate hike this could easily playout.
Above and hold above 1600 i will cut and change go long..
for now short with target marked with circle.
Ethereum short entry at $1700 - Bitcoin risks are too highThe cryptocurrency market is battling some resistance and negative fundamentals to maintain gains.
Tesla's sale of bitcoin has caused a panic where bears have momentarily been in control and buyers are trying to dominate the price action, which seems to be recovering momentarily.
Despite the weak results release, the feeling is a bit optimistic. If stock markets turn bullish, cryptocurrencies will strongly gain that support.
Ethereum is above $1,600, which can push the price towards the resistance zone above $1,700. A record amount of BTC flowed into the Coinbase platform. A whale, which has acquired 207,000 BTC since 2019, has transferred most of its reserves from an external wallet (cold wallet) to the platform. In the past few days, the address has sent more than 160,000 BTC to Coinbase, raising concerns about its possible sale.
ETH/BTC is Breaking A Long Term Uptrend This is a quick post. A month ago I wrote about the potential long term top for Ethereum's ratio against Bitcoin, comparing it with the distribution seen on the XLM/BTC pair in 2018.
Since the post, the ratio has declined over 20%, while ETH/USD has tested Summer 2021 lows ($1700). Today, ETH/BTC bounced off the 200 MA on the 3 day chart (teal). Once below, there could be unlimited downside. Although I made a couple of bullish-leaning posts today (short-term), the above chart shows significant risk still exists for the crypto market, and why I'm being cautious. I no longer own any ETH, having sold it all between $3000 and $3300.
Ethereum doesn't tend to do well against the Dollar when it's also not doing well against Bitcoin, so this can be taken as a warning. If Ethereum continues to decline here, what then does that say about the rest of the altcoins in the crypto space? The implications here are pretty serious. Still, even if ETH loses market share, it might eventually be worth considering if there will be other blockchains that take its place. Not so sure about that yet, and the technology may not even currently exist. As I wrote today, I bought some ATOM and ALGO for fun, though I may quickly abandon those.
This is not meant as financial advice! This is meant for speculative and entertainment purposes only.
-Victor Cobra
#PLSD could retest lower prices#PLSD price is trapped in a parallel channel in a nice accumulation/distribution chart.Sellers are happy to sell at the top of the channel is 4.21usd (resistance), with bottom of the channel at 1,75usd where buyers outweight sellers.(support)
Rejection of the top BB (daily) and the rising wedge on daily ,has a DOWNSIDE measured move to the bottom of the channel .Still a good chart but correction incoming .
Target1 1.75
Target2 1.45
Invalidation 4.50 (daily close)
ETHEREUM - HUGE ACCUMULATION CHANNEL Short term looks like we can have little push to the upside towards 1400 usd. I will consider it as continuation of redistribution and just after its finished I would like to see downward movement to the new lows. I think green line matters and if we will go for new lows there can be our bottom.
In that case huge accumulation channel would be very clear.
LTC - two possible scenariosAll depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the potential of reaching new highs before December. Time will tell...
BTCUSDT🔥 Graph updateSubscribe to the channel that would receive new information about the cryptocurrency market✅
Hello everyone👋
I will update the BTC chart
I expect the fall to continue to the $17,700 retest zone
So far, the decline has not been stopped much by short-term consolidation in order to gain more longists, after which the liquidation of longs and the removal of shorts will begin.
I moved my order from the last trade below $18.150
I think there will be a squeeze and they may simply not catch the 17.700 zone
XRPUSDT🔥 Subscribe to the channel to receive more new information about the cryptocurrency market✅
Hello traders 👋
Let's break down the XRP chart
After a long consolidation, the asset broke out and showed 20%, congratulations to those who made money on this movement👏
Then I expect a rollback to the local support zone, there was no closing of a full candle, so I think the asset will not test the local zone, but will simply roll back.
BTCUSDT 🔥 Get 8% profitSubscribe to the channel to receive more new information about the cryptocurrency market✅
Hello everyone👋
▫️BTC is testing the trend line on (TF) 2H. There are two options for events, either a rebound to the local zone and a breakdown, or a test of the trend line with a subsequent breakdown down.
Sample deal plan:
💡Entry $21.150
🔝Take profit 19.855$
✖️Stop-loss $22.450