ETH-BTC
ETH Orders continue to buildGood Morning traders,
After the success of yesterdays post (thankyou)
I thought I would give you another quick update.
you can clearly see the say thing it still happening.
We build orders, Whales protect orders.
There will be an impulsive move coming to sweep things out, so be prepared!
As always trade safe.
EnvisionEJ
CRYPTOS ARE FORMING DOUBLE TOP | $ETHWatching $1700, if lost I think it's safe to say this Bullrun is over..
If we lose it, the next several years should go as followed...
2022 bear market
2023 bottom out (LOAD THE TRUCK)
2024 HODL through the madness
2025 Become a millionaire
NOT financial advice :)
DCJ
ETH An example in why retail traders are wrong!Good Morning traders!
Today I have a great example of order protection and liquidity building.
This is something that I have been speaking about for a long time and this current PA shows it well.
The blue boxes show places where large orders have been placed and and initiated moves. See how price returns to retest these areas?! this gives the Banks, Whales and big players a chance to protect orders.
Retail traders place orders outside of these areas "support and resistance areas" These orders can easily be seen, and therefore hunted. The highs and lows create areas for the big players to exit the large volume positions as every buy order needs a seller and vice versa.
I hope this information has been helpful.
As always trade safe.
EnvisionEJ
cake/busdcake is getting a bullish divergence on the daily tf. the green line on rsi indicates bullish divergence. we may get a little dump but the future with cake looks good fundamentally and technically.
BTC- SINCE LAST TRENDS ON RED AND 37300 could be the target!Hello trading friends,
Today 24 Sep 2021 is not the best day for crypto, first of all, 🚁As we did add about Binance did start to close futures trading for the more EU countries, also Germany. it means you cant deposit with SEPA or credit card and also no futures trading. since today 24-09-2021. and the china news.
What about the TA?
TA trends look also not the best, to get a confirmation trend for uptrend BTC should hit at last 44K with confirmation time frame, and it looks that we could get a new breakdown trend if BTC doesn't confirm the time frame.
We did add before about the 45K+ target, and bitcoin did hit 45100, and from there it did break down because of the news trends.
💎As always hold do your plan, but always good for DCA and manage your risk well.
Can bitcoin go to 37300 usd?
Yes, it's possible but we should confirm some targets coming time.
Have a great day!
KSMUSDTThe yellow line has now become an important resistance for the price, if the price can break the yellow line, the next target will be ATH. If the price falls, the green lines are good support.
In the current situation, the price will be more likely to fall to the range of $ 313
........
No one but God knows the future, we only state the possibilities
_______
Good luck
SRMUSDTThe price will fall to the green line in the current period.
The red line is an important resistance and the green line is an important support.
If either of the two red or green lines breaks, the next support and resistance will be the yellow lines
........
No one but God knows the future, we only state the possibilities
_______
Good luck
Cardano Google TrendsLike any other market - currency, asset, commodity, (Ponzi scheme?) - cryptocurrency prices are a function of the supply and demand. Holding supply constant, the more demand, the higher the price. The vice is also true. For simplicity, and realistically most supplies of legitimate cryptocurrencies are fixed, at least in the short term. So how do you analyze the demand? There are fundamentals to analyze such as the bid size (the amount/size people are bidding for it) but I am going to use a public sentiment. The tool? Google Trends. I cannot embed the image but look up ADA, BTC, BNB, ETH, and DOGE on Google trends to see what I am talking about.
As you can see the leader on average searches is OG of cryptocurrency, BTC. However, as of late the public sentiment gauge has transitioned toward ADA. Why is this important? If you look at DOGE their is a direct correlation between the Google Trend results and the massive pump in price. The same could be possible with long term trends and price action of ADA.
Cardano is currently the third-largest cryptocurrency based on market capitalization (price * tokens). However, it is still small compared to ethereum and less than 1/10 the size of bitcoin. Yet, I believe this system is one of the most well-designed and efficient ecosystems.
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress.
For the prior reasons and more, it is no surprise that the token has had a massive run this year. Will this trend continue? The world may never know but I am currently an investor making about 5% on my staked tokens +/- appreciation. Banks don't pay anything anymore so I am taking this bet.
ETH/USDT short opportunity !! Bearish divergence appeared The live Ethereum price today is $3.436,29 USD with a 24-hour trading volume of $16.184.015.412 USD, -0,15% in the last 24 hours.
After its bullish momentum ETH seems approaching now a significant correction, as the price has already hit the upper level of Keltner channel on 4h timeframe . Historically after such a bullish momentum, price usually starts its rally to the downside, ranging between the trend line and the lower level of Keltner channel. Also indicators are pointing out to a possible decrease, in fact a bearish divergence has been spotted, as shown by the black lines.
MACD is looking bearish, below the trendline, RSI is 50, buying volumes are decreasing and RSI divergence is still under 0 . For all these reasons I highly expect the short position to play out. In order to enter the position, wait for the bearish fractal to appear (green triangle). A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart and signals the price could move lower.
The entry point corresponds to 0.236 Fibo level and all the targets corresponds to previous resistance, as well as to 0.382, 0.5, 0.618 and 0.786 levels which all have almost perfectly predicted support and resistance zone historically.
POSITION: SHORT
ENTRY PRICE : > 3.450 $
TARGETS: $ 3.300-3.200 / 2.800 – 2.700 / 2.450 / 2.200 / 1.900-1.800 /
STOPLOSS: $ 3.900
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TRADE AT YOUR OWN RISK
NOT FINANCIAL ADVICE
Are NFT's really the new trading instrument?What is your opinion on NFT's? Do you see them as a new trading instrument? or is it just another hyped 'BUZZWORD'???
Being a long time investor & trader, I have witnessed over the years - things that come and go, in the venture capital world we call this Buzzword Bingo. You get hype curves in sectors that may or may not take off. Always chasing the next shinny thing. Even when talking crypto, it used to be fintech - then came the spin out.
As crypto evolves and searches for it's 'read adoption' phase we are very likely to see sideline gigs looking for a problem to the solution.
Notice I said problem to the solution and not a solution to the problem?
By this I mean, the issue is just like the reasons crypto will struggle to gain full dominance over FIAT currency for a while, is that whilst the tech foundation is solid, the lack of regulation, transparency and what would be deemed as negative points, are really the only thing holding it back.
People see the things they want to see, and not what is needed - El Salvador, the prime example. Instead of being a steady growth curve, it was used as a tool to profit from the very type of thing, that is needed for it to grow up properly. Any country looking on at the drop as the sign-off happened, would now be questioning "is this really for us"?
Exchanges need to stop trading against their clients, fees need to come down - and as much as I don't like it, regulation needs to be solid. Is thee things happen, I think it will be a wild-fire type adoption - globally.
OK so back to NFT's - The pro's = looking after the artist, residual royalties & of course a new type of toy to play with.
The negatives - Expensive gas fee's (will detour artists in the long run) from uploading content, the very people it's targeting. Explosive hype - why is this a bad thing? Well go back to my point about El Salvador, there is now either too much in the space (Large supply) with really, not much demand; apart from a select few.
My in point;
I draw a lot of my tradingview educational posts by using the polyline tool and brush.
I recently added the bored ape
I went on to finish it.
With a blue hat
and then with a pink one
How about a red one?
Even green with the addition of a funky eye
The point I am making, is that due to how simple this is to edit - surely it only de-values a proposition?
I would love to hear from the community, what your sentiment is - why? Do you like the idea or you think it will be a passing phase?
By the way, I liked the blue one with no candles behind him.
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.
OMI ECOMI CUP AND HANDLE COMPLETEDOMI ECOMI CUP AND HANDLE COMPLETED
Completion of previous published idea youtu.be , OMI is now in a zone to explode after hitting its new high. OMI is now in a flag on 4hr chart looking good. Good luck to you all and see you on the moon! According to Fibonacci looks like next target is .0067456 depending on bitcoin, could see a pullback, but everything looks like a beautiful setup to me!
Breakout in ETHXBT, Expected Rally to 0.08Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETHXBT) appears to be in an descending triangle setup where support held around the 0.07085 price level. The downward trend line acts as the hypotenuse of the triangle, illustrated in red on the chart. The cryptocross broke out from the downward trend line and is moving higher. Expectations are for ETHXBT to rally towards 0.08. A negation of the setup would be if ETHXBT declines towards 0.0716.
Technical Indicators
There has been a positive crossover on the Awesome Oscillator (AO) recently. This was complemented by a positive crossover on the KST. XBT is trading above a long term MA (495-SMA). A strategy around this MA in the 15-Min timeframe has a profit factor of 2.54.
Recommendation
The recommendation will be to go long at market, with a stop loss at 0.0716 and a target of 0.08. This produces a risk/reward ratio of 1.33.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to ETHXBT.
Ethereum could be a challenge for future of BitcoinBitcoin is at the lowest level of crypto market dominance!
while the dominancy trend for bitcoin has been bearish, Ethereum's story is different.
Since 2020 ETH dominancy has been rising and it could be continued this way for a while.
Bitcoin was the dominant cryptocurrency since the beginning, but if this trend continues, it may lose its title in a couple of years..!
ETH/BTC Spread: Underwhelming OutcomeThe ETH/BTC intraday spread serves as a risk on / risk off barometer. In my previous analysis, I called the bullish giant triangle shown in green that allowed me to buy at the bottom at the end of July. After, I mentioned two scenarios: 1) the ETH/BTC spread would decouple to trade at 0.18 ETH per BTC in a couple months or 2) the ETH/BTC spread would end up at the same level as in May, forming a double top, in the worst case scenario. Unfortunately, the worst case scenario is unfolding. The spread is doing an ending diagonal with one missing bullish leg, which means the end of the altcoin season is near. For now, a trader should still favor ETH over BTC, but this might last 2-3 weeks at best.
XRP CAN MAKE A HUGE INCREASE COMING TIME IF THE TREND...Hello trading friends,
✅XRP looks to make an interesting increase trend in the coming time if the trending news is approved, and it looks like everything until now is good for XRP. SEC trend is processing also. and iF XRP comes well out here, we will see a huge increase.
💎The TA shows also an interesting trend for XRP, which could increase into the short term to 1,27+ and from there even to 2 USD target.
The last target we will follow it with live data to get it confirmed.