RSR looking very bullishRSR CHART: On this weekly chart you can see
that there is a Hidden Bullish divergence set
up, along with most of the Market.
When Price has a higher low and
RSI has a lower low,
Thats HIDDEN BULLISH DIVERGENCE.
I loaded in the green circle at the
bottom of the wick. I believe we will see another
breakout past the $.12 mark...do the math.
ETH-BTC
SNX and the Chaikin Money FlowKnowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be interesting to watch knowing that BTC is King Crypto and will eventually rise to unimaginable price value... even from here. Here's to SNX continuing to mirror. It will eventually pay handsomely.
Bitcoin Mastery These last few months have been amazing to see Bitcoin become more professionalised as a trading instrument. When I started trading BTC back in 2011 - it was a punt, a gamble and something I hoped would grow but wasn't sure.
Throughout 2021 you have seen each swing tag key levels - value ranges, MP patterns, Fibonacci extensions and clusters. Respect Gann and Ney levels. It's been very interesting to see an instrument evolve in front of our eyes.
Although I covered recently the full years worth of BTC movement;
This all comes back to the retail psychology which was covered in the Simpson post.
To see the price respect these levels only shows the presence of institutional money flow, pulling the strings. We can see similar respect starting to form in ETH (Ethereum) too;
Looking back to this latest move up from the 28,800 level you can see the move did exactly as was expected in August.
Tagging to the pip on the way up;
In October I was showing why we where tagging a distribution level high - guess what;
There you go again.
When you put all of these components together, it's clear to see where exactly we are on the roadmap.
2022 - will be a magical year but it's not going to be as easy as many retail traders would assume or like it to be.
Have a great New Years! See you on the other side!!!
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.
Weekly Market Updatereview of the various tokens. with special attention to the ROSE token over at Aurora
Bitcoin on the important Splitzone - See whyHello trading friends,
I hope all of you had a great day.
For a long time, we see BTC having a breakdown trend from the 69K - and as we are now above the 50K area we see some interesting trends going.
- The split zone
If bitcoin breakout the split zone there is a high chance we can see bitcoin going above the 53K trend.
In the best way, we can see BTC hitting also 55K on the long-term trend.
# It's important that BTC holds the 49K with time frame, if this goes well, we could see BTC in positive ways for the coming days.
If BTC breakdown the 49K with the time frame below - this could mean a further breakdown on BTC.
And of course for you as a day trader, you trade up and down depending on TA and your strategy. and most important always study the trend well before you enter any order.
Why the split zone?
The split zone have shows more times in history of long trend btc that its very important for the breakout of breakdown for bitcoin.
There are more split zones. This one are for this trend very important.
Have a great day!
Ethereum/Bitcoin (ETH/BTC) Potential Cup & Handle - 0.1 targetOn the 1D ETH/BTC chart, we have a cup & handle pattern, which created the lid, with the handle bottoming out in October.. The price has now rose above the lid, at which point we may see another push upwards to the target area of 0.1 BTC. This would be a large gain, and may take some time to complete.
Chromia CHRUSDT - A good rally ahead on a simple analysisHello Traders,
we talked about BINANCE:CHRUSDT some time ago and made huge profits.
I think it's a good moment to observe how buyers are moving now.
Need a close above 0.7 and a confirmation.
First target 1 usd.
ETH downtrend before bounce. ETH isn't looking particularly strong here. This upward support line is getting smothered with indecision from the market. Supports that get smothered get broken. I wouldn't be surprised if ETH breaks this support to the downside.
Based on the most recent major move up, you can use fibonacci. On strong charts it is normal for it to retrace to the 0.5 fib and on most charts it falls down to the 0.618 level. These levels are 3760 and 3480.
I'm expecting a slight drop down to the 3480 level soon. It may only touch it for a moment and get bought back up, as it is very common these levels get hit and the 'market bots' begin buying again.
Not a good place for a long position right now.
$ETH TO $6K?!Expecting Eth to make some moves toward the end of the year aiming for a breakout first.
Once we have broken out and had a retest I personally think we will be flying the first target of $6,000.
Overall eth looks strong and has been holding down the trend we look similar to the previous just a longer accumulation period.
The RSI also looks really similar to the previous leg up we had.
ETH Ethereum Long Idea ETH has been victim to the sell-off that's occurred in the cryptocurrency markets in recent weeks. The price has finally broken below the key $4000 number which is a worry. However, in the short-term a bounce back to the $4000 level is likely considering the recent price action of ETH. The RSI levels for ETH on the 4hr chart remain oversold which shows that a change in momentum is possible, at least in the short term. The price has also found temporary support between $3750-3800, if this holds then a retest of the $4000 area is plausible. The stop loss area for this trade will be at $3680 which is 4% of the trade size.
Deep flight ru invasionRegardless of the radial nature of the alternative tokens in relation to Bitcoin, which like the sun in a limited space allows all these speculations to take place, it never ceases to amaze the potential bribed due to the threat of chain blocks reorganization by ordinary hackers on a platform that already has not yet taken place, where incomprehensible blocks are burned by mysterious manual algorithm. irrepressible, not so crypto marketers manage to disperse the deficit of endless emission in spite of all the mathematics based laws, but not programming that in its case can do everything, AI uses cookies to turn the manufacturer's software console inside out in the near future. Improve roads. Trash is on its way. Too much information. No inspiration today. I need time to explain, but one is not exist. Season greetings!
Etherem is stronger than Bitcoin ...***
As we have seen these days and in recent months, Ethereum has emerged stronger than Bitcoin.
Ethereum ascents and corrections are reasonable, and in this recent decline, Bitcoin has shown more resistance than bitcoin, and according to the patterns on the chart, there are signs of ascent in it.
I think, unlike Bitcoin, which continues to improve, we will see the growth of Ethereum in the coming days.
I hope this time Queen Ethereum will take the Bitcoin emperor by the hand and pull him up.
Of course, all these scenarios were available for Bitcoin before the fall, but Bitcoin fell.
What mattered was the resistance of the Ethereum to this fall.
In the Ethereum to Bitcoin chart, we also see Atrium to Bitcoin rising.
Finally, my advice in these days of uncertainty is to enter the market with caution ...
#ETH/BTC
***
DOGE - 11/25/2021The trend set from 4/19 looks good still. The daily chart for doge is almost very oversold. The macd looks like it's showing momentum upwards. ETH and BTC look like they're showing signs of reversal, and if it's true that their price action and the trading pair values for them are good indicators for doge movement, we could see a good reversal for doge soon.
I think it's entirely possible that doge could drop to .1950 or .20 cents though before another spike. I'm still focusing on buying under .2160 as a good position for the upcoming run.
BTC could drop to 54k and ETH to 3950/4k areas following the same concept. I think it's a little less likely given the action in their prices, but not out of the question at all.
Ethereum vs Bitcoin Set To New All-Time High!We are looking at ETHBTC (Ethereum) long-term, this is the monthly chart.
The stage is set for new All-Time Highs.
ETHBTC is looking strongly bullish.
We have the cup pattern clearly marked, which shows that any correction is in the past and already over.
We have prices trading above EMA50 and flying above EMA10.
We have a bullish count on the TD Sequential indicator, with plenty of room left available for growth.
The MACD is looking good.
The RSI is super strong.
It will be sudden and when it starts it will just go and go and go...
50% can be done easily, then the last ATH and 189% as the new jump.
There can be more...
We will let market take care of the rest as our strategy is simply to buy low and hold, just wait for the prices to go up.
Namaste.