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Ethbear

ETH ecosystem to fund initial stage of crypto bullrunWhen markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem beggared while money flows out of it into other ecosystems. In order to try and stay ahead of the rotations into and out of crypto and into and out of the various layer one projects within crypto I turn to the best tool I have, which is the charts. Once we have the layer one blockchain we care about we can look at other layer projects that ride on top of the layer one to move up the risk curve for more volatility as we see fit. ETH/Bitcoin Bitcoin is the biggest single slice of the crypto by fame and market cap. The double top threat is pretty clear at this point. The black double top appears to be an eve and eve with the difference between the first and second peak about 3.12% That is about as textbook as we could want to see. We just have to start breaking the neckline of the formation and we should start to see more volatility in the pair. Eth Dominance ETH.D is likewise in a double top but this one is a bit further away from the neckline. The targeting is much the same. Due to the structures of the uptrend I think that 40% draw down is very reasonable and realistic. XRPETH XRP appears to be in a ascending triangle against ETH with a target close to 2x if full performance is reached. Solana/ETH Solana is suppose to be an Ethereum killer and in the long run I think it will live up to its name. I think it has a couple of years for the ecosystem to mature before It does. A major sign of strength will be if this W pattern performs to target. That would have Sol putting up over twice the gains than eth does in the initial stages of this move. Polkadot ETH Dot has been moving sideway for the last 4 months and has created some bullish divergence on the weekly chart. I think we will see it slowly erode share out of eth. Kadena Eth One of my favorite layer ones to watch and maybe trade before I see my long term set up is Kadena. It is poised ot have a W pattern that pops it over 100% against eth. Cronos Eth Cro seems to be another coin in a wedge against eth. The target this cycle is over 300% away from the current level. ADA ETH Oh, look, it is another coin in a bullish falling wedge against ETH. Sure reaching the previous ATH might take a decade or so, but that is a decade to favor ADA over eth. Doge Meme Coin Versus Eth Want to consider something that at first glance seem moronic or hilarious? Doge has the structure to 70x eth over the next couple of years. Final thoughts The Eth team has done a lot to make their system more affordable to use. As price goes down the ease of use goes up and the adoption goes up. Ethereum is in the process of turning itself into a volume trade and not a profit margin trade. That might be a good thing for cryptocurrency as a whole but I am chasing alpha. Crypto gives me more potential alpha than equities so I play here. If the alpha is leaving eth then I am going to leave as well, no matter how good it could be for the world or the ecosystem. Daddy can't pay for his girls food and clothes if he doesn't get that alpha.
Editors' picks
Short
by This_Guhy
18
Etherum's different potential W pattern outcomesIntroduction Ethereum's price action has been concerning for some time now.  Generally speaking the more something goes up the more of a cooling off period it needs and Ethereum has been over-performing a lot of the older crypto currencies for a while now.  At the same time it has shown quite a bit of resilience compared to the Other coins and how their W patterns have played out. W pattern Analysis The top chart shows Ethereum, Monero, bitcoin and bitcoin all with a double bottom or W.  We are being a bit loose with the terminology because strictly speaking in traditional markets a double top or a double bottom is suppose to have at most a 5% difference in the lows for a double bottom and 5% difference in the tops for a double top. Ethereum and bitcoin both set higher highs with their W patterns but the structure of their Ws was different.  We can see a clear amount of white space on the Ethereum chart between the green and blue zones and that space is not present in the bitcoin chart.  Bitcoin had a much tighter consolidation pattern than all the other tokens. Monero and Litecoin basically double topped in 2021 and have been consolidating ever since. They both returned to the green zone and found support there.  Monero found continued support there while Litecoin bounces and is now being potentially rejected by the green zone.  That is quite a bearish set of circumstances and Litecoin is one of the least attractive looking OG coins at the moment based on that weakness. My bais and conclusion My bias towards Ethereum is that it will return to the green zone.  That is about a 80% drop from here.  The chart below shows that the situation with the gaussian channel and keltern channel seems to be quite similar to the middle of the last bear market.  the situation pairs well with the Log MACD situation. For me, the main question is how much of this potential drawdown of the Ethereum ecosystem will drag down the broader crypto market.  I suspect we will see lots of risk off and draw down in other crypto which will then pump due to people rotating out of the Ethereum ecosystem. while it trend sideways. There will be some pumps here and there while people take profits in eth pairings. For example, I see ETHBTC in a head and shoulders and I suspect that at each fib level people will be taking profit on ethbtc shorts and we will see bounces in ethusd when that happens. 30-40 percent bear market rallys happen all the time. I don't see the ETH ecosystem being a target of investment until it reaches the ethbtc target and then we will see strong hand come back in.
COINBASE:ETHUSDShort
by This_Guhy
18
#ETHBTC Slides 22%, ETH Finds Support at 0.059 BTCPast Performance of ETHBTC Bitcoin bulls are rampant. ETH is down 22 percent from April 2022 highs versus BTC. From the ETHBTC daily charts, Ethereum is still under pressure and in a bear breakout formation despite ETH gains in the Asaian session. Currently, ETHBTC is trending at around October 2021 lows. Since bear bars are aligned with the lower BB, ETH sellers may search to unload on every attempt to print higher. #ETHBTC Technical Analysis BTC bulls are in control, and bars are banding along the lower BB despite recent ETH gains. This points to intense selling pressure and possibly BTC bulls adding to their longs. As ETHBTC retests October 2021 lows, traders should look to double down and accumulate BTC. There could be more losses for ETH if prices drop and close below 0.059 BTC in confirmation of June 6 dumps. Such a move would confirm the bear breakout of May 26 and may trigger more losses versus ETH, pushing prices back to 0.057 BTC and 0.055 BTC in the medium term. What to Expect from ETHBTC? After solid ETH gains in 2021, BTC bulls are rewinding losses, as evident in the daily chart. In a bearish breakout formation, ETH may drop to H2 2021 lows in the medium term if prices slide below the immediate support line. Resistance level to watch out for: 0.061 BTC Support level to watch out for: 0.059 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETHBTC Breaks below Q1 2022 lows, May Slump to 0.057 BTCPast Performance of ETHBTC BTC bulls have the upper hand over ETH prices as per the ETHBTC daily chart. BTC is trading at the highest point versus ETH in 2022 at spot rates following the close below 0.065 BTC on May 26. At this pace, BTC bulls are in control, and every attempt to retest 0.065 BTC may offer entries for Bitcoin bulls to double down. #ETHBTC Technical Analysis Technically, ETH is trailing Bitcoin. ETH is down 20 percent versus BTC in roughly two weeks, considering the formation in the daily chart. Following the break below Q1 2022 lows, the odds of more losses versus the resurgent BTC look likely. Notably, ETHBTC prices are trickling lower since the double bar pattern reversing the gains of May 10. The bullish bar of May 11 marked the beginning of another wave of liquidation pressure which saw BTC force prices below 0.065 BTC. BTC buyers may target October and July 2021 lows of around 0.060 BTC and 0.057 BTC, respectively. What to Expect from #ETHBTC? Bitcoin buyers are in control. Since the break below Q1 2022 lows has relatively high trading volumes, ETH could post more losses in the short term. In that case, ETH could drop another eight percent to July 2021 lows. Resistance level to watch out for: 0.065 BTC Support level to watch out for: 0.057 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETHUSD BEARISH - DISTRIBUTION PATTERN ISN'T DONE YET!ETHUSD Looking Bearish . Distribution Phase Doesn't Seem To Be Done! ETHUSD Target #1 $310 Already HIT! Failure to Hold will lead to Target #2 $280 which is a strong 200 MA support, however i don't see it happening overnight. We will consolidate and recover a little from here before Hitting our Target #2 LET ME KNOW WHAT YOU THINK! IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING :) ```````````````````````````````````` ⚠ DISCLAIMER: Trading Involves High Risk! Be Responsible For All Your Actions. This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
BITFINEX:ETHUSD
by crypt0analyst_
4
Ah ETH, look at you now. <3 Hi! Hit That Like Button, Good things are coming! :D Well well well, look at him ! ETH has been a good runner for the past weeks. But he is becoming tired now. ;) HOW I SEE THE SITUATION : - ETH was one of the best performance runner for he past weeks, but slowly getting to the reversal point. ETH needs to rest a bit to continuing going up again. - We are at the top of the trading channel, more chances now for bears, - We seen the huge rejection candle that touched 227. It give us a hint - we want lower price, - To confirm down move look for volume changes in selling power on lower time frames. - Risk to reward ratio to enter SHORT is marked on the charts in case we notice a bearish move lower. - Im also waiting for a possible pump to around 220 level and then sudden rejection, to enter ( ETHBEAR). We could also start to drop before. Lets wait and see for a bit more. Don't forget to like my charts, it helps me to gain more reputation here on TV <3 Also, check out my last calls on my charts for BITCOIN <3 Support area on green lines. Current price: 213.9 Future prediction targets: Entering SHORT trade in 208-200 range Targets: T1 - 175 level T2 - 150 level T3 - 116 level - Use stop loos ( trailing stop sell & buy ) - Take your profits on the way ! Entering LONG trades: - You can see my ENTRY for LONG - Risk to reward ratio is marked on the charts in case of a bullish move higher. - Will update as we go Also, check out my last calls on my charts for BITCOIN <3 More updates will come as we go. My last BTC Calls: What do you think? Lets me know your thoughts :)
BITSTAMP:ETHUSDShort
by DomiTheProducer
BTC ScenariosAs i said before BTC may still be in it's bearish trend ,because we can see a bearish flag. for A few reasons: * BTC had a strong pull back from 3k channel: * BTC is in a weekly bearish trend: So if BTC break's the support and it's short time up trend it would confirm one or all three support areas (DONT PANIC, I'm looking for a better entery point, We are going to moon after all right?) If it doesn't free fall to 3-4k channels it could go up to 7k channel but still it need to correct itself after that strong pullback Right? And 3/4 time frame's MACD says it's time to have a little bit of red ones.(1H, 4H, 1D, 1W) After all i hope you don't just take my word for it and lose all of your money over it ... You aren't a complete moron are you??! I'm just kidding smart *ss , bet 100% on me goddamn it 😂 (i'm not kidding)
Short
by Iampyhr
1
ETHBEAR formed bullish BAT | Upto 71% big move expectedHi guys and gals hope you are well, on daily chart the 3X Short Ethereum Token (ETHBEAR) has formed bullish BAT pattern and entered in potential reversal zone to move up. Lest’s dig the pattern deeper to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $12.81 to $11.61 Sell between: $15.67 to $19.94 Stop Loss: The potential reversal zone area which is up to to $19.94 can be used as stop loss in case of complete candle stick closes below this level.
ELong
by moon333
5