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flat triangulation Like and follow to help me out, thanks. the loss or profit is not known and with all news going on right now this is a hold position until I see a brake out up or down and it very well could go down witch is my bet. we are not at bottom yet, I see ETH 1800 as a support lv and BTC 3100. you can shot this by buying and selling on the hours high and lows but as we move to the end of the triangulation pattern, we must see a breakout and what way it go's in not know. I think move to the down side as I said, and it will go up, from here or from 1800 is the big question that no one truly knows. Cost average is the key always and when in this pattern it is the bible of trade. I am only showing you and idea of my opinion of the patterns I see. It is not and should never be taken as advice on how to trade. Never invest more than your willing to lose.
COINBASE:ETHUSD
by bigfootInvestments
Bitcoin is becoming institutional Over the last 14 - months I have made these posts public here on @TradingView What I found interesting is the level of respect that Bitcoin is building, many traders are looking for short term gains - but they also contradict themselves with the idea of possessing DIAMOND HANDS!! Once you have a feel of the trend bias, it's actually becoming so respectful of these levels, its incredible to see this play out. If you want to follow the path, you need to know where it's been, where it's at and why it wants to go where it goes next. So let's look back all the way to December 2020. You can click on each of these images for the actual posts; So in this post I covered why the move would link itself to the stock market and what this means not only for bitcoin, but the whole crypto space. Jump forward a month and I was highlighting the Re-accumulation phase we where seeing. This is key, it led to the "value area" levels later on. As you can see from this post below; the value area was defined and this gives a key point to anchor from. Play out the image and you can see the significance of the level. But, that is not all - go forward again and you will see this level being used a second time. Now if you don't follow the education you might not appreciate why this level is significant. So here's a full post on education. This covers an awful lot of content in one post. (click the image) ==================================================================================== =============================================================== ===================== This is where it gets even more interesting; In March I covered first the Logic for it's drop back down at a key level for distribution. Followed by the roadmap we where likely to see. Now I don't use Elliott Waves for the ins n outs of it. I use it predominantly as a tool for bias. So with the bias in mind and some logic for the drop; what did we see? Well - the drop. This for me was the foundation of the "institutional" Bitcoin. In the roadmap I posted why we where likely to go into a range - defined; As you can see from the date - this was already written in the logic, back from the value area's anchor point. Fast forward a few months again and you will see - nothing but respect; As we moved away from the bottom levels (thus the weekly 4) we saw very little volume in the move up, so added to the logic as to why we would likely see a truncated 5 which would equate to the monthly 3. This was the 24th of August. =============================================================================== =============================================================================== The next part, was just as impressive to watch (the charts that is) - when I saw the low volume move up and the move looking like it would need a drop quicker than expected. I spent the time to forecast the next set of key levels; again, into unchartered territory. When you take out a previous high, you should expect the price to rush passed and attract many new buyers - but yet we did not. (I'll cover this next) So the forecasted level was drafted in September. This was then what we would now see as the current ATH (at the time of writing). Above I mentioned why the logic was already there for a truncated 5th wave up on the weekly. So for this, you could see inside the COT data @TradingView has recently added some features on COT (Commitment of Traders). But here's the post I did on the COT at the time. ================================================================================= ================================================================================= So the logic would imply we saw the weekly 3,4 & 5 making a monthly 3 and therefore a drop down to 4 Monthly. If you revisit my comment from the image in August you will see the text in the centre of the image, explaining we would likely see 40k fast after going just above 65k. Therefore - the respect of the instrument is growing, we are seeing more and more institutional players, meaning this will become easier and easier to read in time. I have covered Dark pools in another educational post; You should understand this concept if you are not yet familiar with it. Large players entering the space does not always lead to a long position - as we can see from the current price levels. =================================================================================== =================================================================================== So for the next moves we can start to identify the swings inside the 4th of the Monthly, this in preparation for the 5th Monthly. If you have followed my streams or @Paul_Varcoe - you already know where we think the price is currently sat. If you don't follow (well you should). Then in essence Paul will cover the shorter term move. But longer term - I feel we are still making an A of the 4. This does not have to be deep. Just painful for retail. If you know how composite man operates, this is a signature move, being played to perfection. Anyways! Have a great week. Thanks for taking the time to read through this. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
10
TOTAL market cap set to drop furtherBeing rejected by the 21 weekly EMA and the descending trendline that it failed to breakout from. Failed inverted Head and Shoulders. Below the 4H 200ema. Below previous range support and penetrating longterm support. The 1 trend Fib extension is confluent with the 3.618 indicating a possible target. Breakdown of the RSI and CCI trendlines. RSI has plenty of room to spare down and CCI seems that it will be stuck in oversold. Price action is mirroring August to November 9th's price action but upside down. I flipped the price action where price found support at the 21 weekly EMA, on the 30th of September, pasted it to where currently price was rejected by the 21 weekly EMA. Drop in the market might be delayed with a bounce of current support, but overall price action is bearish and has failed to flip bullish.
CRYPTOCAP:TOTALShort
by nagihatoum
BTC - 42K SUPPORT WILL BRING BTC to 48K TREND (LONG)Hello trading friends, This is a BTC update depending on the last trends. Also with these manipulations trends - it's important to have good risk management and goal target. 42K is an important point , same time a whale point, and can be seen as support. We will see how this level will handle the coming time - 42K is very important for the breakout of BTC - even with the manipulation trends that are now going on. as we said before there is not only a trend that going up. and as ETN did expect before more targets - the same also with this update. Have a great day.
Long
by watchtrend
7
ETH, How Fast the Tables TurnWhile we held BTC $40K and ETH $3,000 I kept a sliver of bullish hope. That is gone now. Sorry, bulls, I believe the rally is ending now. Like in 2018 I think ETH will be one of the best, safest bets on a reversal trade for what I think is going to be a gut-wrenching sell-off (for those still holding). Stocks and crypto are done, prepare for the year of gold and silver (miners especially). (This is my opinion, you're entitled to yours. Your trades are your trades. I'm wrong a lot).
COINBASE:ETHUSDShort
by GunMoney
2
Deviations and Overreactions as the Pathway to New HighsThe period of October 2021 to January 2022 was a deviation on $ETH and $BTC. The downtrend resulting as a reaction to this deviation has not been invalidated, despite optimistic trends over the past two weeks. With intimidating macro obstacles looming and fundamental fear-driven threats to market-wide liquidity arriving by March, this downtrend could continue as part of an overreaction. It might appear as if it is all over for both BTC and ETH. Hopefully, that downward overreaction can give rise to a retest, a bounce, a return of bullishness, and eventually, new highs for ETH. Yet, the BTC chart does not appear to even have room to provide grounds for a retest. Despite ETH and BTC seemingly moving together, on the high time frames they each paint a disparate structure. The bitcoin chart seems more exhausted--at the end of its road--the birth of a new trend?
COINBASE:ETHUSD
by yourfacemyfoot
What is ETH thinking ??Hello dear friends What is ETH thinking ?? It knows what it is thinking But I think the price is going through wave 4 and the beginning of wave 5 is a downward trend. This is my view for now. If the previous ceiling fails, this analysis will be invalid. ******Appropriate entry points for supports and resistances according to the chart******* If you like this idea, Please Follow me and do not forget that your likes and comments are very important Thanks dear friends. Be generous and rich.
Short
by EhsanMalekII
2
ETH/BTC at critical support/resistance levelInflation-related data seems to be spooking crypto market again... pushing crypto, and risk on assets, to the downside. As of 1145am MST, this hasn't been fully confirmed. IF we see a bounce off the .07 region (support) to .073 and beyond...THEN it's looking bullish over the short term. IF we see price goto .069 or lower...THEN it's looking bearish short term. If we go bearish, I'm converting more positions to cash- which I've been doing throughout the past week. I'm stockpiling cash to buy on the way down at better prices. Any differing opinions? Let me know! Would love the info.
by WealthHunters
1
$COIN this trains about to depart 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* The market overall has reached its next buy zone. My team is loading up shares of companies that we believe will surely benefit within a small interval of 34 trading days. Some of these trades will be swing, others will be held long-term. Crypto exchange company Coinbase $COINBASE is looking to be a safe bet despite the ongoing crypto space controversy. The company is still fresh out the womb, and there are obviously risks involved with newly traded companies, but $COIN is already displaying stronger than usual fundamentals, and we believe that gives its huge potential. My team entered $COIN Friday afternoon at $230 per share. Our first take profit is $250 BUY ORDER: $230 TAKE PROFIT 1: $250 TAKE PROFIT 2: $277 TAKE PROFIT 3: $299 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:COINLong
by SimplyShowMeTheMoney
7
BTC- DAY UPDATE - Trend still into breakdown trend.Hello trading friends, This is a daily update for BTCUSDT depending on the last trends. Bitcoin is at this moment still in the processing of a breakdown trend - depending on the trend study BTC is still in the risk zone, and there is still no reason to enter the long term depending on this update. This update is not for those doing dollar cost average or any trading plan. What next? We see a BTC trend that did get before 3 pumped times from the 35k+ area where at this point we have a stable trend. Depending on before studies and as the ETN tool shows that the trend could go to 41900 From there we need to confirm and to check or we will have a new confirmed breakdown trend that could bring BTC even more below - or it will be a place where the trend can return. so 41900 very important Split zone. Don't expect 1 line breakdown trend - the trend will have also manipulation trends as it did show before for the breakdown trend. it could also show some trend increases, as it looks trends are back. but check the main trend - and it's about the end goal, as we did on all before ETN updates. Whale tricks Sometimes when the trend has not the right volume to break down - they pumped it myself, and from there it breakdown with better volume as there is a good price change. For this reason, it's better to trade Spot than high-risk futures - depending on manipulation trends. And also BTC can go back to 44K - 45K first before the dump. but this is not a must. Even if BTC breaks the 45K depending on ETN there is a high chance of a crash trend. Have a great day.
Short
by watchtrend
1
ETN TOOL CONFIRM THE NEW MAIN TREND OF 41K TREND -ALL TIME RIGHTHello trading friends, This is a data update from the ETN tool. This means it's not depending on TA trends, but 100 % depending on the ETN tool. And same time this update added on Asia time. What is ETN TOOL? ETN tool is a whale data tool that tracks the data depending on the last trends in whale trends. And until now all before ETN update is right - and there is some updates long term that is processing. - ETN tool used more times and until now the results are 100% ratio trend - this could change with time - but until now its 100% with more updates for BTC. At this moment is this a confirmation for the next trend of 41900, what even can go below then this trend, soon more than that. In this chart, you can find more before expecting trends also for BTC when you click on the link and check below the chart with more before updates. What could happen after this target expecting? Know its BTC and whale can play some manipulation trends what means an increasing trend before the crash trend. Make sure you manage your riks well, as that's most important. One of the ways how whales work to manipulate the trend. when they want to break down a trend, they make a fake increase as it looks trends are into green trend then dump, and another side same with changing the real trend. See this as an ETN education trend, and this is not a trading call. Manage your risk in all times. Have a great time. If you like the content give it a like and follow for more updates - thank you
Short
by watchtrend
BTC - STILL INTO RISK ZONE - BREAKDOWN TREND STILL ACCTIVE 41900Hello trading friends, This is an update for BTCUSDT depending on the last LIVE trends. We see that BTC has an increasing trend, and the question is are we now back into the green trend. Those who follow us, know if trends are positive depending on TA, we add this also. and at this moment the trend are still risky for possible breakdown trend 41900, even with this small increase trend. # its not about what the market now shows its about the end results. And know that by every dump happend price increasing first - reules of whales. Bitcoin go into lines, and some times it take a round way to come to target. Know that whales use the best trends to have in most time manipulation trends that could bring price action to what else that most expect. As long you manage your risk, all should be well and trade depending on your plan. This is the small update - with the adding that the trend is still risky on BTC even with hitting 44k+ Have a great day. # this is not a trading call, trade depending on your plan.
Short
by watchtrend