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
ETH-BTC
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.
Crypto bearish?! No, everything is fine!After a nice and long summer holiday I'm back for you all to help you out here and there to understand what is going on in the crypto markets. We have seen 7 consecutive green weeks and thus its time for a correction. Should you panic!? No.
Market maker vs. leverage and stop losses
The total crypto market (altcoin market displayed above) is looking very bullish regardless of the fast correction from this week. Traders have been stacking longs with high leverage and high profits and of course at some point its time for the market maker to bag his profit . Each time these fast corrections happen the same emotion is triggered: fear. With exchanges running low on ETH supplies and in general having sold truckloads of any coin, its is normal the market maker needs to bag up again. Fear is the perfect instrument for that together with a solid algorithm that hunts liquidations and stop losses. I haven't checked how many bulls got rekt on this dump but I bet there would be hundreds of millions of liquidations and that is free crypto for the market maker, which thanks you yet again for not taking profits or going long at a local high. Now, after a quick look on tradingview, it looks like most retail is going short right now, which is again a lovely deal for the market maker. Why?
TOTAL2 to 2 trillion
Well I expect a bullish reversal on Monday with the weekend providing choppy action. We could see some more downside to get rid of weak hands and in general provide some more liquidity to the market maker's longs. Yes he went long all the down from the previous highs back in April / May and he's building longs as we speak. I expect Monday or latest Wednesday for the market to reverse to the upside unless there is big news that prevents a bullish scenario. On the bigger timeframe we could be seeing something like a cup and handle forming although this is far from confirmed but it is a pattern I am looking out for. I do expect altcoins to smash their previous total cap and head for the 2tn mark. From there we can re evaluate, for now there isn't much to do in this market; I suggest you have a nice weekend and come back on Sunday night. :)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
MORE INFO: have a look at my previous analysis on why trends always reverse for further reference.
BITCOIN ON THEM GOLDEN WAY TO 48600 And STILL POSITIVE!Hello trading friends,
Hope everyone has a great weekend😃.
As you know it's BTC and it can change between price action and trend show, from here I still say BTC is positive and looking for a whale breakout to 48200 - 48600, which will also change the trend into a new belief trend for most users.
📈The trend should come out of the box.
💎We know it also from history when BTC get a breakdown trend or crash trend, it takes some time to get the panic trend away, because you have those thinking to buy BTC at 15K again, of course, all is possible into crypto, but the data don't show that now, to get the much lower price we should confirm first some targets, and that's now not the case.
Manage always your risk fine, and have a great day!
DOT/USD🤑 ETH killer?😵A correction took place throughout the market, but the DOT did not touch it and the bulls returned it to the range of $ 30-36, you should be careful here, since the safe buy zone for the medium term is no higher than $ 19 and if now buyers do not break through the resistance level, then we are going to the nominal $ 19, there are also suggestions that the DOT price correction is not over yet.
Do you agree?)
Your Solldy.
BTC - Still positive and Long whales can take any moment over🐳Hello trading friends,
✅We say it again, there is no reason for panic trend as #BTC are at trend side still positive.
we know it's a hard time for some to see these changes in bitcoin and not seen a building long target.
🐳Know when Long whales entering the target will change much more, market has some panic effect.
ETHUSD: Bullish Trend is Over? Time to Sell?
Hey traders,
It always pisses me off how "CRYPTO" traders react to bearish days.
Being so PROOO buying some shit coins at a cheap price and claiming them to be CRYPTO INVESTORS,
they cry like babies once the price starts falling.
During yesterday's fall, I received 50+ questions about btc/eth/etc...
Did we see a market crash yesterday?
Let's execute the price action analysis and try to figure out whether the bullish trend on ethereum is over.
Our initial structure low is 1700 level.
From that level, a strong bullish rally initiated in July.
Reaching 3400 level the price sets the first higher high and we see the retracement.
The retracement leg completes perfectly on 2900 level setting the first higher low.
The next bullish wave reached 4000 level and yesterday we saw a massive fall from that.
According to our classic price action rules,
the market remains BULLISH while it is trading ABOVE the last higher low level.
With that said 2900 - 4000 is the bulls' area.
While the price is trading within that zone the market remains bullish to us.
Yesterday's move, for now, is considered to be a correctional move.
The violation of the last higher low level leads to a TREND VIOLATION.
The violation by itself does not mean the change to a bearish trend.
Bearish trend will be established only once the price sets the sequence of two bearish impulses with two lower lows and one lower high.
Concluding the discussion,
Ethereum is still bullish.
Keep calm and rely on rules, not on your emotions.
❤️Please, support this idea with a like and comment!❤️
💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.0695).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.0777
TP2= @ 0.0820
TP3= @ 0.0855
TP4= @ 0.1000
TP5= @ 0.1105
SL= Break below S2
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Now, It's your turn!
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💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.0695).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.0777
TP2= @ 0.0820
TP3= @ 0.0855
TP4= @ 0.1000
TP5= @ 0.1105
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SKLUSDT might BREAK RESISTANCESKLUSDT has tested the 4H timeframe resistance (WHITE LINE) multiple times which forms an upward wedge potentially cause big movements in either directions
ENTRY will only be valid if after breakouts occurred, wait for healthy retest for direction to avoid any false Breakouts
Thats all from me LADS, HAPPY TRADING ;))
MATICUSDT has broken RESISTANCEMATICUSDT has broken its 4H resistance (WHITE LINE) which could potentially become support
ENTRY- we need to wait after retest to avoid any false breakouts
with bullish patterns to know that buyers are still in
control.
FOR ME i think there will be a slight pullback because Its at the overbought area in RSI and a slight pullback will be healthy for the price to pump back more to the upside
Thats all from me LADS, HAPPY TRADING ;))
BTC: Bullish Breakout On The Brink of Daily Golden CrossBitcoin has set a clean series of higher lows creating a clear uptrend on the daily chart. If BTC is able to break out of the ascending triangle, I would watch for a 14% to 16% move to the next large resistance area around $59,000.
A Golden Cross is to follow and this could be a major indicator for short-term to medium-term strength.
RSI showing an attempt at a trend change as it looks to break above upper resistance. Look for RSI breakout above resistance as an indicator for strength. Strong continued volume will be a great second indicator to look to next.
If Bitcoin confirms breakout on strong volume, I would watch for the rest of the market to follow.
Monitor capital flows around the market ( BTC-->ETH-->ADA/LTC/XTZ) and ride the bull.