Update: Bitcoin vs. Wallstreet or Ethereum vs. S&P500 ...Bitcoin vs. Wallstreet or Ethereum vs. S&P500 ...
Of course I can't predict the future but for the next short-term movement a second move slightly lower for traditional markets is possible IMO.
Expect a bullish divergence with RSI as we already have seen at Bitcoin and Ethereum .
Bitcoin and Ethereum could follow this curves for a more round bottom.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ETH-BTC
ETN TOOL - OASIS NETWORK BREAKOUT 0,60 +Hello trading friends,
Depending on the update of the ETN tool, also that we did share before here below
There is a trend expecting of 0,60+ depending on the data trend of the green cycle
The expecting of ETN tool flow model trend are for 2022
Oasis are in the important zone, if we go further on this trend a breakout could happen in the coming time
It's an interesting trend on it, depending on the choice of the green cycle of ETN TOOL.
Have a great day.
# this is not a trading call, manage your risk in all ways good
HEX hard rejectionQuick update.
HEX is traveling under 21 EMA (this EMA also sloping down-extreme bear}
Next immediate target is BB daily LOWER line : 17,5-18,5cents .
~18c +/- is support, if that breaks hex is going to our long term DOWN target : 0,085 c.
Conclusion:this is going down.
Invalidation at 28c (daily and then weekly candle close)
ETHBTC AnalysisETHBTC chart shows that after a long downtrend, it was able to break its downtrend line in the second half of January 2020. It is currently moving in its long-term uptrend. ETHBTC has not been spared in the recent fall and has undergone a sharp correction, which has seen the price below 3,000 theter.
The ETHBTC is currently near its uptrend line. It is expected to move upwards by hitting this upward trend line. A return from the 0.071 price area, where both static and dynamic support is located, is likely.
Now, if this support is lost and the uptrend line is broken down, the price trend will be down. Upcoming supports include:
0.071
0,065
0,060
If moving upwards, the resistance ahead are:
0.079
0.083
0.088
ETH looking good hereETH has continued it's retrace back towards both the major support line and the 200 EMA as we discussed in the linked ideas. We are now partially in my Buy Zone and seller momentum is slowing. I'm interested in a small long here, and will add if it drops.
Good Luck.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
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ETHBTC Horizontal Support & Resistance LevelsWatch for price action signals at these horizontal levels.
ETHUSD BTFD?$ETHUSD testing a very strong 2-year trendline. IF it does break this trendline I believe we will see a bearish market for the next year or so with a potential low of $1700 and will consolidate until the next bullish cycle. However, I am bullish and have been buying the dip like a true degen
$ETH $BTC
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economic energy in ..... gets multiplied many times over, if you play it right in crypto.
HEX has set the foundation of what is expected from Richard Heart.
Many influencers disparaged the notion of designing a crypto to increase in value over time.
But isn't that, what Satoshi did for Bitcoin ultimately? Halving's, supply cap, inflation to network participants as a onboarding mechanism?
Yes he did.
Midnight UK time is when the sacrifice rate for PULSEX ramps up by 5% a day.
Best of luck
Fortune favours the brave has never been truer.
VRA weekly chart screaming BUYVRA weekly chart, this chart looks very bullish...
The price on the chart is still making a higher low and the
RSI is having a slightly lower low.
This is looking marvelous at this level. Yellow dotted
line is the support and/or resistances as well as upper
circled % would be bullish price targets.
✅ ETHHello everyone 🙋🏼♀️ read my idea carefully ❤️
ETH could not hold the 3550 support area and tested the major support of the 3000-3100 area. If ETH breaks below 3000, then we see a panic sell-off. The next major support after 3000 is the 2650-2700 area. The first resistance for ETH is 3300-3340, and the major resistance is 3550-3640 area.
ETH UpdateNow let's revisit our ETH-BTC chart. The upper support line appears to be holding, however the downward momentum looks strong enough to push price to the lower support line. The Aqua path now seems the most likely to me, however I'm not totally convinced the lower support will hold either. Regardless, I'm waiting for ETH to enter my Buy Zone before I'm interested in taking a long position.
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following . Thanks!
ETH short updateI made a mistake on my last published idea. This is what it should look like.
The yellow line is the old local low set on December 29.
The green line is where we set the short.
Volume on selling rallies is way over moving average.
We are making plays based on the four hour chart. In this view of the one hour chart we can break the four hour candles down. And frankly they look good for short sellers because the sell pressure is strong.
If you made this play don’t forget to take profits. And don’t be greedy. Look for a false buy rally only if above 3500 to sell short: Preferably after at least one green hour. Optimally after three green periods.
Please follow the link to the original post there is more content. Just had to fix the chart here.
Will #Crypto stop falling when #S&P500 is oversold? #BTCWill Crypto stop falling when S&P500 is oversold?
Simply think about that - we are no way decoupled.
What is your opinion on that? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
BITCOIN is creating a descending triangle pattern !! careful !!on the 4H time frame bitcoin is forming a descending triangle pattern with 2 possibilities : the First one is to go down to 43100 to a find a new support level, the second is break to the upside with the target i mention on the chart 49500$, this pattern is a bearish pattern and the market may going on his downtrend to another support level as i already shared with you guys to enter a short trade on 52K, this time i cant say i'm that bearish because the market is not safe and all his do is touching your stoploss and back, be careful guys trade with caution and take care of your money.
Alt Season Starting SoonThis is the total crypto market cap "excluding Bitcoin"
This morning we got a rejection of the 0.618 and dropped 6% but structure is still intact, we need to close above 0.5 Fib in order to confirm that the correction is over for this chart but the daily hasn't closed yet and target is the same on the daily , 1.40T.
Even though for now we under the 0.5 fib we did hold the bottom of this ascending channel and most importantly bounced off the 4/1 Gann which is bullish.
As always time fib momentum zone would be 30th December 2022 to 3rd January 2022 , could we see crypto market cap break the 8/1 Gann during this time frame? I think so!
Lessons for the year and into 2022Over the last year I have spent a lot of time on @TradingView writing up educational content, I have tried to apply drawings to my charts to express some lessons in simple yet easy to follow and understand walkthroughs.
Here's a chronology regardless of your experience and level.
Let's start with Psychology - this is the life and soul of the market, if humans where not so predictable then we would have a completely different looking chart. Humans spot patterns - even when they are not there. We try and assume, we get greedy, fearful and often just outright stupid. Entering trades at wrong times, listening to fake guru's and not doing the work ourselves. When you understand the emotional aspect of trading, your already 50% of the way to becoming a successful trader!
In this post (click the images for each individual post) - you will see how the basic emotions work at various aspects of the chart.
In a more simplistic form I broke the market phases down in relation to the post above, this time using the Simpsons as the best way to let traders relate to such phases;
Homer is brilliant!
Again - once you understand some of the basic psychology you can start to create a framework around investing, it will help build a plan. In this next post I wrote about the reasons why people get into crypto - the thrill of the ride, the desire to make it.
Once you got a feel for what it is your looking to do and you are wanting to play in the crypto sphere - here's a post that will help you on assessing an alt coin, the process of going through your own due diligence rather than listening to a youtube guru. A lot of what you need to know when searching for the next big thing, is already written in the business itself - this will include everything from the founders, the plan, money raised and so on.
Ok so let's step over to some of the technical aspects of trading;
Here's a post on the simple trendline - for you experienced traders jump this and the next Moving average post.
From trendlines to Moving Averages;
These kinds of tools coupled with some basic off the shelf indicators will get you going on your your journey - but you have to remember over 70% of retail traders lose money. There's even an industry quote that states 90% of new traders lose 90% of their account in 90 days. When everyone is using the same Moving averages, MACD and RSI - all it does is lends itself to the type of emotional analysis mentioned in the psychology section. So trade carefully.
ALWAYS deploy proper risk management and do your own due diligence.
Here's the basic on using the MACD if you do want to use it along with the 50 and 200 Moving Averages ;-)
All new traders want to buy the dip! But how; well here's a little advice on that too.
This is where it get's interesting;
Going back over 100 years there was a cluster of hyper intelligent traders, these techniques are still widely used today and just as relevant in crypto as they where for commodities and stocks when they where first introduced.
Here's the introduction;
Personally I feel these guys where not technical analysts but emotional analysts - they understood various aspects of why the charts do what they do, why the human mindset drives the target levels, the patterns are created and so on.
From here we can cover the technical viewpoint;
Here is an intro to Dow theory...
Elliott waves;
And even Wyckoff;
It was this post that many of you know me for - this was the method used in March to call the incoming top for Bitcoins first major move down.
However, the greatest tool of all for doing any kind of Technical Analysis is likely to be Fibonacci;
A very old technique and amazing to see the levels get tagged each step of the way, this can be applied to various other strategies and techniques.
The whole crypto space is filled with rubbish advice, scams and people claiming to make money. The truth is, like every other trading instrument - it's a dog eat dog world and you need to be able to take care of yourself. I wrote this article explaining why common sense is not that common anymore - logic seems to go out of the window when it comes to crypto. So please keep a level head.
Life ain't linear - Yes this is a drawing; took AGES!!!
I've tried to cover as much useful info for the @TradingView community as possible throughout the year. Here's another couple of posts that you might find interesting;
Do you know what is going on, inside the candle?
Chart patterns?
Even covered the art of the Pivot Point.
What don't you know about dark pools?
Or the difference in Volume profiles?
Or even if your interested in making your own indicators?
And to finish with on the technical side- Here's a couple of good books to get you going into 2022!
If you haven't followed me throughout the year and seeing this for the first time - here's every swing & supporting logic for the Bitcoin move throughout the year.
And to finish with NFT's and the METAVERSE.
and this one;
Hope you have had a great 2021! 2022 will be even better! Have a great NEW YEAR's eve and see you on the other side!!!
Feel free to give me a follow here and comments always welcome!
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.