ETHUSD - Plethora of Bullishness on Daily CandlesticksIn this video I look at a few of the bullish price action patterns that have formed on the daily charts including bullish engulfing bars, 2 bar reversals, and a 1-2-3 reversal pattern.
As a side note: I am going to try and keep future videos at 5 minutes or less. I didn't quite hit the mark with this one but am doing a lot better.
ETH-USD
ETHUSD - Fresh Outlook - The Bull Is Still AliveFresh Outlook: Almost 2 weeks ago I pointed out that fact that price action in ETHUSD looked quite bullish and we could see a pop in price. Since that analysis, price has indeed popped and a bullish rally has ensued, at least in the short term. The current price action is that it looks as though the recent attempt by bears to push price lower is being rejected and the bull is still alive. I noted in my last analysis that $137 was a key price level that needed to hold for this bull to keep running. Price pulled back and briefly dipped below $137 before staging a sharp reversal from that level. If price is able to break above the local high of $148, that will be the proof we need to see that this bull is alive and a long term bottom is still in play.
Risks: The biggest risk I see is massive overhead resistance at $150. The best possible outcome is price slicing through that level like a hot knife through butter and then being able to hold above that level on a daily and weekly closing basis. The worst case is if price reaches or breaks above it, and then is slammed back down. That totally crush the bullish outlook in the short-to-medium term, and the bulls would have more technical damage to repair.
In summary: The bullish signals from a week or two ago did indeed lead to a rally in price. It is yet to be seen if that bull can continue, but as of right now the key price levels are holding. Price action right now is not ultra-bullish, but somewhere closer to neutral-to-bullish. Keep in mind that rallies within major bear trends can be very fragile. Always keep your stops tight if you decide to go long during a major bear trend. If you are swing trading this, there have been plenty of opportunities to establish long positions and then lock in profits with trailing stops or other types of price/pivot based stops. If you are building a long term position then this would have been the perfect place to put your dry powder to work and buy another tranche.
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 168.00
TP2= @ 191.75
TP3= @ 224.15
SL= Break below S2
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
ETH/USD To buy everything to sell at the same prises? Uncle with big money, there is no point in buying ETH from $ 300 to $ 84, then to sell it at about the same prices. ETH is currently a good investment for the next few years. The longer we are in consolidation at the bottom, the faster we will go to conquer the prices of $ 400-600-800-1000.
The best option is to buy ETH in equal parts every month.
I apologize for my English, I know it very poorly and I have to translate the text in online translators =)
Bullish Movement coming on Ethereum - by ThinkingAntsOk4H CHART EXPLANATION:
On this timeframe, we observe a nice bullish candlestick on the Support Zone. After that, price started moving upwards. We are now waiting for a retest of the Descending Trendline, and, if it is broken, then a corrective movement out of it that will allow us to enter to the market. The short term target is the Resistance Zone.
DAILY CHART EXPLANATION:
ETH dumping to 86$ to start his parabolic runWe all have experienced the indecision recently, which is because ETH has started it's bearish run.
By looking through my chart, we understand that it took 169 days till the MA 200 confirms the trend reversal from bullish to bearish. Also it took 149 days to confirm the bearish to bullish trend reversal.
We all know that ETH second bullish run has ended, but MA 200 has not yet confirmed it. However, it is expected to do so. According to my chart and the 163 day confirmation, the MA 200 trend reversal will be confirmed at 6th December.
Then it will take 322 days until the turning point of MA 200 which will indicate a bullish run, but in order to calculate the price turning point, we need to reduce 149 days (gap between price low and MA 200 low) from the 322 days which will end up in 28th May 2020. That is the time when ETH is going to explode up and break the resistance level and run to 1000$.
ETHUSD In accumulation VERY SIMPLE IDEA FOR EVERYONE TO FOLLOW!!Enough has been said about ETH. ETH is well established now and building up cashflow for growth. Once we break this accumulative range we are heading back up. Price can visit the bottom again easily as well as fall as low as the 127 ORANGE LINE. This would give us an INV head and shoulder formation for the long run. Or ...we get an impulse correction impulse without breaking the low giving us an ABCD pattern with an E pullback for a run to 475 - 500 zone. As I stated in my BTC post. ETH looks more and more like a basket of businesses and the value grown within raises the price.
How many people are building businesses on ETH??? We know they are huge players with MetLife insurance and thats a massive gain for their growth over time. Can't go wrong here long term! Where are my ETH fans? Id love to have a follower who dives deep with Ethereum to join our collaborative team.
As always trade safe. Manage risk.
Peace. Love. Trade.