Ethereum- Buy zonesHello,
I previously bought ETH between $80-$350 and sold between $1400-$3200
Since I sold I have been waiting for ETH to retest some of the vital supports that got broke. Over the next coming months I believe we will have tested below $1200 and lower again and we will be moving sideways.
I have set buy targets between my heavy buy zone and my buy zone once again for the next cycle. Be prepared to wait a couple of years before any real movement again.
If #BTC can find support around the $20,000 (currently $31,000) I think this cycle could have another leg up towards the end of 2022.
ETH-BTC
ETH/BTC Spread: Still has way to go to reach the bottomI said in my previous post that I'm eyeing a bottom around 1700 for ETH. The price is currently at 1815 as I am writing this piece. I don't know if 115 points is enough for that indicator to touch the final point of the triangle. That's why I'm bringing the hypothesis ETH may undershoot below 1700 to possibly even as low as 1550 for a couple minutes before bouncing back to 1700, crashing all the other altcoins with it. We will see how it plays out but I'm paying attention to when this indicator touches the bottom of the barrel.
ADA SHOW INTERESTING LONG TREND - GREEN COFFEE TIME!Hello trading friends,
ADA is the next that shows an interesting increase depending on data trends.
It's possible that we will get an increased trend from ADA TREND as data shows this increase.
Trade safe!
Have a good trading time
Follow/like for more increasing charts. thank you
To where do we expect ETHUSD next?Last week we were looking at a weaker upside move.
This week we are looking at which levels we could see next.
Right now, price is in a nice downtrend and already breaking below previous lows, after it’s made a correction.
This pullback is also known as a Pennant in technical analysis.
Based on this figure and on the trend we should see a downside continuation.
We’ve marked the 1736-1804 zone as a support zone at which we’re going to be looking for price reaction.
In case of a reversal candles we recommend closing out selling positions.
It’s still early for buying opportunities and we don’t suggest looking for any on this timeframe!
BITCOIN WAITING FOR WHALE PUMP FROM TARGET 32370+ GREEN TREND!Hello trading friends,
We still waiting for the important zone 32370, if we hit this zone with confirmation and time frame, a possible whale breakout for bitcoin on way.
our long-term expecting would be long after this target hit.
# know that when bitcoin into bull trend and activated, that we will see strong increasing trend, we have seen this also before.
Have a great coffee time!
Trade safe.
August 4th will be hugei know ive been posting a lotttt of btc and eth charts recently, but guys i really feel like were closing in on a massive move here. im gonna share a little theory i THINK i have in this post lol.
you can clearly see the significance of this pink circle band, as it has been the last line of resistance to bullruns. when we find support on this band we go parabolic, historically. well, the next fib time extension from measuring the swings highs and lows of this last cycle falls on august 4th, same day as the upgrade. if you look at the myriad of macro btc charts ive posted, you will see that the beginning of august is lining up to be quite important, i have dates for august 9th, 16th and 24th as important fib intersections. the btc chart, to me, is hinting that the move coming will be to the downside. by quite a bit tbqh, 30% to 50% for the first initial drop then possibly more. obviously btc could very well explode at this time as well, it just feels more likely that it would drop. its hard to explain in a post, but the fall would be from our current macro support line, to the next macro level down, which is in essence separated by the volatility of the corona crash if that makes sense. the discrepancy between the two formed because of the volatility and eventual correction of that volatility, but a macro support formed none the less. meaning, to me, it would take another catastrophic event for btc to fall back to the macro support level that takes into account the corona crash. the fib time and circles line up (for btc) also point to sometime in early to mid august and range to about december of this year... so my thinking is, what if that "catastrophic event" that pushes btc down to those levels is simply ethereum (after the upgrade) making a push to challenge btc's market dominance? could it be that after research and running algorithms, institutional money is far more interested in investing billions of dollars in ethereum over btc? which makes sense because they would want to be STAKING that billions of dollars right? would you wrap billions of usd worth of btc to stake it, or would you simply exchange your billions of USD from btc to ether..... you see where im going with this? what affect would it have on the market if BILLIONS of dollars were exchanged from btc to ether over a very short period of time? does institutional interest believe btc to be dramatically overvalued, considering it has no actual functionality compared to ethereum? if you had billions of dollars, what would you want to do with it? what if all this fud right now is simply the whales planning on dumping billions and billions of dollars worth of btc into the market, knowing that ether is the way to go? what if what if what if lets talk about it
BTC Imminent breakdown and Sell positionBitcoin is consolidating for quite some time now with zigzap pattern form, but, if we look closely, we can see that the price is congesting and the pressure seems to be on the sell-side.
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 34,000 zone support and even a drop under 29k important figure.
Obviously, a break back above 43K would negate this scenario.
Always remember to set stop loss and trade what you can afford and risk.
Please leave a like and comment it will help us more.
Thank you.
ETH - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETH is sitting around strong daily support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: ETH is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ETH would be overall bearish can still trade lower and even break the green support downward.
In this case, if we have a big bearish daily candle closing below the green support, then the next support/rejection would be the 1700.0
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH/BTC Spread: Long-Term Elliott Wave CountI think the giant triangle holds water because the correction we are seeing right now would be a summer lull before a bull run.... This view reinforces my opinion that 1,700 is a great entry point at a rate of 0.055 ETH per BTC. The next rally could see that ratio triple to 0.15 ETH per BTC, a serious decoupling.
Crypto Total Market Cap, June 29A double bottom is happening on Crypto Total Market Cap and target is around $1.7 Trillion as you can see.
It is on bullish trend and it has reacted to the support level , It is on 0.618 Fibonacci level too
Zoom out the chart, you can see the whole history.
Same thing is happening on BTCUSDT chart also which is normal and target for that is $40k , If this really happen then BTC will returns to the bullish channel and BTC rally is still going on (see my previous idea, I have linked it below).
Educational chronology Over the last couple of Months, I have published some educational content here @TradingView and wanted to correlate them into one post as they now cover several pages.
Starting with some of the fundamentals and into more of the advanced topics;
EACH IMAGE IS A LINK TO THE ACTUAL POSTS
Starting with Psychology - one of the most important things to pick up on early. There are some great books on trading psychology, one of the best in my personal experience is Trading In the Zone by Mark Douglas.
I expanded on this psychology one - by adding cartoons to break down the stages.
As for some good books see this post;
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When starting (many new traders are joining sites such as TradingView) for crypto. So when assessing companies/coins to invest in - it's good to have some depth on the company. Here's a guide on assessing alt coins;
Another relevant topic in crypto - as there will be dips! IS how to buy the dips.
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Chart basics
Trendlines;
Moving Averages;
Mixing timeframes on the chart;
A little more advanced
MACD;
Confusion in Indicators;
Gann Fans;
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Emotional analysis - Elliott & Wyckoff
Why I called this emotional analysis - is that the way Elliott & Wyckoff could read the situation above the chart price, the fact that human behavior drives markets. Composite man (Wyckoff story) controls the markets based on understanding how humans think. Means this is less technical and more emotional.
Elliott Basics;
Elliott Level 2;
Wyckoff;
Wyckoff chart basics;
Basics 2;
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Another topic worth mentioning is COT (Commitment of Traders) a report issued once a week on the large money moves, in simple terms.
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I know there is a lot here in one post - but I hope it helps going through the basics like this and you can save for reference. This was mainly due to all of these posts being over several pages in my profile. This way it's all accessible.
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.
PERL / BTCBuying PERL here
Holding strong above horizontal support level.
Testing uptrend line support on 1D timeframe.
Targets mentioned in above chart.
Stop if 1D close below 175
If you liked my idea, follow me for more.