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ETH-BTC

Sleep like a baby...And I don't mean, up every hour crying! The logic is in the price action, many people are already calling for the moon. It won't be that easy, I can assure you! If you have followed along with our streams, you would have seen the Weis wave logic and the count as per the Elliott wave day ranges. Here's the simplified logic showing the range of days. If this isn't enough to give you some comfort, how about this? We have been making lower highs and lows since our ATH... Don't get me wrong, I am not all doom and gloom - and for you perma bulls, I have been Bullish BTC Since 2011. But recognise the market sometimes needs a correction, I have written several posts on buying the dip and even a roadmap to our current location. See date of post. And to update this, see below; ----------------------------------------------------------------------------------------------------------------- See the logic from the 18th of March as to why we were in distribution (related ideas) They blew up the rocket. This was the schematic in simple form. With current price action nearing it's low. We also posted several educational pieces on the Wyckoff schematic. Click the image to take you to the post. Above is the local schematic formed and this could easily fit the profile for a nice UTAD type move. ================================================================================= Composite man (Wyckoff related) is having a laugh and will play the games, until he is ready. So whilst this might upset some Bulls, confuse some bears. The logic is there to help. It's been an interesting day today! Trade safe! 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
36
ETHBTC remains neutral until Lower Highs breakPattern: Triangle on 1D. Signal: Buy when the Lower Highs trend-line breaks. The pattern appears to be following the previous similar Lower Highs sequences within the Fibonacci scale. Target: The 2.5 Fibonacci extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin --------------------------------------------------------------------------------------------------------
by TradingShot
Not out of the woods, yetso i see a lot of people have done a complete 180 in their attitude toward the market in the last 48 or so hours, since we've had this rapid and substantial upwards price action these last two days. while i am about as bullish as it gets when it comes to Ethereum and Bitcoin (and many altcoins), I think it is still very wise to approach the next few weeks with an extreme abundance of caution. Don't think for one second that the Musk/Wood/Dorsey meeting was not timed very thoughtfully. I personally don't think we are going to enter a PROLONGED bear market, but we HAVE to be open to the possibility that this thing could still see some very nasty drops before we get back on the inevitable track to new all time highs. The run the last two days has halted exactly at this fib level that i actually posted in an obscure idea about a week ago, stating that it is a very crucial level for ethereum (its actually titled "crucial level" lol) The charts are still very very clearly bearish at the current moment, and we didnt actually break any significant levels that should suggest a market reversal to the upside. In fact, we are still forming a textbook descending triangle after a massive drop of 50+%, and you can clearly see the significance of this blue fib circle level. Capturing support on this level is the first step on the road to ATH's, and then we still need to invalidate this descending triangle. I know btc broke down from its own descending triangle and managed to find its way back inside, and i know quite a lot of people are calling this pattern for ETH a falling wedge, but guys. This thing is textbook. Im not saying anyone should buy, or sell anything, just that we need to be very diligent here these next few weeks especially with trading. And be cognizant of the fact that we could very well see some very nasty numbers coming up here soon. Until we invalidate this triangle and break the previous high of $2400usd, we should all be very cautious when approaching the market. You can clearly see the daily RSI forming higher highs while the price action is forming lower lows creating a hidden bearish divergence. We should all remember what it is we are trading in this space: human emotion. The only thing that changes faster than the price of eth or btc IS human emotion, and we have seen just how much of an effect it can have on price action. Just as quickly, though, that emotion can swing the other way and it could get ugly. The charts, however, are completely objective and quantitative, and right now, they are still very bearish on all time frames, even the weekly now. We are forming a bullish pinbar in the current weekly candle, which can be a good sign, however, last weeks candle closed the lowest it has since March for Eth, and December for BTC. Not saying that we cant still go up from here, this is crypto. We should just all proceed with caution here as the best accumulation opportunities may still be ahead of us, and its best to have at least some dry powder ready to capitalize. I dont mean to sound overly bearish, we have just seen these exact types of times before and they have both not ended well, and they have gone against all TA and shot straight up as well. I just dont think its the time to go "all in", if you will. we should at least let this triangle manifest itself before going to any extremes. Im saying this because im seeing people all over the internet talking about things like selling their car, selling this selling that to go all in on crypto right now because of two days of rapid price increase. Especially with the Eth upgrades coming very very soon, we should expect to see at least some kind of rather large pull back before the hype run. Again, I dont mean to sound overly bearish, we all just should be a little careful as to not be caught off guard. Didnt mean to ramble this bad, wow lol. Thank you all for coming to my Ted Talk i guess :p godspeed everyone
by g0nzo
5
DOGE AND SKL WICH ONE WILL BRING PRICE TO 1 usd + AS BEST ONE!Hello trading friends, A challenge between 2 coins Doge - and SKL as they are around the same price now, which one do you expect will hit as first 1 USD? add it into the comments. We did update before about the doge since 0,004 when doge did start to increase, and we did go with the before trend and have seen doge increase as Elon musk did promote the coin. SKL is a sleeping giant that is not so known as dodge - We from a watch trend expect that SKL can hit 1 USD before Doge can do that. This one more reason, the trend - data and history shows. and what do you expect? add it into comments, thank you. Out of this challenge - SKL is very undervalued in the price, and we expect with time we will see great increase trends on it. This update means not that we will bring doge into the lower trend - doge can show also good increases as they did show before also, but if we can choose between these 2, then we go for SKL. # This is not an investment view this is just our expectation, At the same time, we trade the market also for the short term as markets can change with time. As always manage your risk, and have great trading time! If you like the content give it a like, thank you
Long
by watchtrend
3
BITCOIN ON IMPORTANT ZONE TO BREAKOUT WITH TIME FRAME!Hello trading friends, We are now exactly on an important point BTC, the point of time frame, if this time frame is confirmed, bitcoin will increase huge, as this are the history and TA whale trend place. Know depending on TA is this an important level for a breakout from 32370+ as the trend gets confirmed, there is only a need to wait time frame, when this happened, know that bitcoin can get an increasing trend. And about SKL we expecting an increased trend coming time Manage always your risk, and don't invest with all in. as this is crypto. Have a good time, and we will see or this time frame will be done, on way to breakout! if not use good SL.
Long
by watchtrend
1
ETH/BTC thoughtsno real analysis here, just wanted to put this chart on everyones radar in case you havent been following. breakout of this pattern will be a massive move for the entire market. a good chart to watch over the next several weeks to gauge the market and make informed decisions mostly relating to your spot wallets, not so much trading. accumulating alt coins when the market is at a tipping point can sometimes be risky, so if anyone is holding a large amount of alt coins, you should absolutely be watching this chart. i personally am not doing any trading except for a bit of scalp trades while we let the last 48 or so hours manifest itself in the market structure, as we can all clearly see how much has changed in that time. just wanting to put this triangle on everyones radar! as always, godspeed everyone
by g0nzo
1
SKALE - THE TOP COIN THAT CAN SHOW INCREASE EFFECTS WITH HUGE % Hello trading friends, When we find a signal like this, then the most time we add it also as long term, we don't just a coin for no reason, there should be at last high study on the trend, and we can say SKL is a top coin for coming time ( long term vision possible ATH) WE did meet this coin also before, when we did add this below update when the price was 0,30, we did expect 1 USD, and in some days the price did hit 1 USD + See the below chart from 02-03-2021 We expect a great increase trend on SKL with possible ATH - at last, we expect for short term 50% increase as we did say from this start price 0,190 Have a great coffee Time! #Manage always your risk, and dont enter with all in.
Long
by watchtrend
4
Total crypto market analysis In this case we are analysing the total crypto market cap, which for me tends to be the best description of how the crypto market is going on. We can use this and correlate with pairs like are moved the most by it like btc, eth, bnb, dot, ada and so on ( in general top 25 crypto market coins). The good thing about it is that because of the volatility present in those coins, it can give us a better measure and structure for entries and exits . We can see at the moment we are in double bot chart patterns , which is a bullish pattern, and our current position situation us on the critical zone. In this case we have 2 scenarios LONG: We cross 1.25T total market cap . In that case we would have as TP 1.26T and 1.28 T For stop loss we would have 1.235 T SHORT We cross down 1.235 T In that case we would have as TP 1.22T and 1.20 T For stop loss we would have 1.25 T
CRYPTOCAP:TOTAL
by SoftKill21
1
BITCOIN DID BREAKDOWN SINCE NOT CONFIRMED THE TREND OF 32370+Hello trading friends, As you can see the bitcoin price did break down and did not confirm ours before targeting of 32370 USD. we did add before if BTC confirms this trend 32370 we will see a new increase - this did not happen. on more targets what we did share before that not get confirmed BTC did breakdown further. What is next? At this moment there is a very important target of 30800, if we confirm this trend with confirmation we will get a new increase trend - and again if this target does not gets hit, there is the possible trend for more breakdown. This is the crypto world and we should always check the chart on 2 options, and that we don't want to be in a trade we don't have confirmed. Why this breakdown trend? The first target came since Stockmarkets did break down, this can be a follower of this market trend, and second, there was a whale playing with more than 3k+ BTC. At last trade, safe and have a good time Follow/ like for more updates.
Long
by watchtrend
1