Bitcoin: Short-term Outlook Chart is pretty self explanatory, but as you can see, price broke above the downward trends resistance (red line), before reversing and using it as support. This is one of many signs of a reversal. We are currently testing new resistance (blue line), but given the momentum and breaking the downward terns, we should have enough buying to break above the current level being tested.
ETH-BTC
SSV Cup And Handle Breakout IncomingThe target of the Cup and Handle Pattern is 52$.
This coin has been rallying from the levels of 8$ and there is still some steam left for the bulls to go to higher levels.
Proof of Stake has helped this project to grow big. We're still early but for the traders a level of 52$ is to be expected for the short-midterm.
Long term hodlers expect at least 3 figures.
ETHBTC - After Rejecting the Downside, We've got an Upside!ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings!
We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days!
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$ETHUSDT: Trend is up in EthereumVery nice setup here, now that FOMC risk is out of the way. We have an actionable long setup with small risk, if price holds over the white box below, it will steadily rally for 14 days in a row at least. After that it might consolidate or retrace (or reverse), but keep in mind that the existing rally could end up triggering a larger monthly trend, which could drive this to over 3kwithin 5-6 months, so I am keeping that in mind. For now, let's start with buying into this setup here, and over time we can figure out for how long to hold it.
Best of luck!
Cheers,
Ivan Labrie.
$BTC, TOTAl3 = Altcoin - ETH - all interesting!$BTC Doji yesterday & today it's ENGULFED
#bitcoin will likely retest 24k again
#BTC up less than 1% and #altcoin up almost 3%
Strategy still in place!
We may be getting to RIP making recent #altcoin moves look like nothing!
Let's see how $ETH handles MAJOR RESISTANCE
#crypto
ETHBTC - A Quick FakeOut Followed by 5-15% DeclineHey guys - Just taking a quick look at ETHBTC and it would seem we've experienced a little fakeout above trend levels only to experience quite a sharp decline to the point of breaking below recent support.
There is still strong support located around 5% below current price so this may act as a natural level to reject the downward momentum - or ETH may well break below this level too on it's descent to an overall 15% loss.
Either way we've got a Short signal from Crypto Tipster v2 and if the last 2 years of signals are anything to go by, we trust this to provide some good results!
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Bearish divergence between RSI, MACD & Ethereum price 1DEthereum could be ready to move lower as the daily chart shows the MACD with a bearish crossover. The RSI also began a new downtrend.
Bitcoin is close to turning over on the MACD, but it didn't happen yet. We could see a bigger drop over the next few days into next week.
Of course, we'll have to see how the market interprets the Feds meeting on 1/31 and 2/1.
Bnb Was Never Looking So attractive Over All Moving In Ascending Channel
Bouncing Comfortably From Trendline Now Also Consolidating In Triangle Too Once Got Cleared Im Expecting Test Of Upper Trendline Of Descending Channel
For confirmation We are Using 50ema Whenever Bnb Crosses 50 ema Its Makes New ath
Keep Eyes On bnb Forb Breakout
People think ETH will Under Preform BTC. I respectfully DisagreeEthereum has provided great utility to the Crypto ecosystem. I am not here to school you on it, everyone can do their own research.
That being said, I believe that we are in the midst of a re-accumulation. The prior market cycle was cut short abruptly by Bitcoin's double top and Macro conditions. Without that anomaly, Ethereum was likely to test its all time highs against bitcoin.
Since then, almost all other altcoins fell to all time lows VS bitcoin. Ethereum has shown relative strength by holding its own, which is interesting.
The RSI (circled yellow) refused to go into oversold territory on the recent dump that I point to with an arrow.
If there was a time to go down, that was it.
A lot of FUD is appearing right now, which makes me believe ETH is in short supply and the move up begins shortly. We may be looking to right some wrongs after having our crypto cycle cut short.
Let the fun begin.