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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also in the red during today’s session, as the price fell lower for a second consecutive day. Following a high of 1,869.74 on Wednesday, ETH/USD slipped to a bottom of 1,845.49 earlier in the day. Price slightly rebounded following the latest U.S. consumer price index, which marginally rose in July. The recent volatility in ethereum comes as the RSI was unable to break out of a ceiling at the 51.00 mark. Ethereum’s price strength is sitting at 49.12, with a price of 1,856.44. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Whether it can rise above 1870.09 is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- ** The formula of the RSI indicator that composes the chart indicator has been changed. ** Therefore, support and resistance points are marked differently from previous charts. ** It is recommended that those who use this chart start by sharing the ideas published today. (Reason for change: Changed the formula to be compatible with the index value of the exchange chart.) (ETHUSDT chart) Looking at the big picture, the question is whether it can rise above 1870.09-1933.53. (1D chart) The question is whether it can rise above 1857.66-1889.58. If not, you should check for support around 1777.05 or the HA-Low indicator on the newly created 1D chart. This is a period of volatility until August 11th. So, after a period of volatility, we need to see if it can rise around 1870.09. The StochRSI indicator is looking to enter the overbought zone, so if it fails to hold the price close to 1870.09, I would expect a bearish trend. ------------------------------------------- (ETHKRW chart) The key is whether it can be supported around 2431000 and rise above 2510000. If it drops below 24231000, you should check for support around 2208000. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) rose marginally after the Paypal news, with the price moving away from a recent support point. Following a low of 1,804.72 to start the week, ETH/USD jumped to an intraday high of 1,836.06 on Tuesday. Despite the slight rise in price, ethereum continues to trade below a recent resistance level of 1,850. A positive for bulls, however, comes as the 14-day relative strength index (RSI) broke out of its ceiling at the 43.00 mark. Currently, the index is tracking at a reading of 43.88, with the next resistance zone near the 50.00 point. In the event this target is reached, ETH will likely be back above 1,900. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) remained above the 1,800 level, despite bearish sentiment intensifying on Saturday. ETH/USD dropped to a bottom at 1,817.41 earlier in today’s session, following a peak of 1,847.91 the day prior. The decline saw ethereum drop close to Tuesday’s low at 1,812, which was the weakest point the cryptocurrency had hit since June 21. This latest downturn comes as price strength moved below a key support point at the 43.00 mark. the index is tracking at 41.57. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
5
Important period of volatility : around August 13 (August 12-14)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) The trend has been changed by price volatility. Accordingly, the next period of volatility is around August 13th. The period of volatility that began around August 13th is likely to continue until around September 24th. At this time, depending on whether ETH leads the coin market, the meaning of this volatility is expected to change. What matters in this volatility period is whether it can break above the long-term downtrend line by moving higher above 1862.00. Currently, ETH is showing signs of touching important indicators as it falls to the 1790.20-1862.0 zone. Therefore, the important question is whether it can receive support and rise in the 1790.20-1862.0 section while passing through the volatility period around August 13th. In the end, it is expected that the mid- to long-term trend will be determined by whether it is supported or resisted in the 1572.69-1879.61 section, which has been said to be an important support and resistance section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
ETH/BTC - Ethereum: Ascending_Triangle◳◱ We've detected an Ascending Triangle pattern on the CRYPTOCAP:ETH / MIL:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance levels are at 0.06362 | 0.06446 | 0.0659 and the major support zones are respectively at 0.06218 | 0.06158 | 0.06014. ◰◲ General info : ▣ Name: Ethereum ▣ Rank: 2 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.06383 ₿ ▣ 24HVol: 602.903 ₿ ▣ 24H Chng: 0.33% ▣ 7-Days Chng: -1.65% ▣ 1-Month Chng: 1.79% ▣ 3-Months Chng: -2.51% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.06362 | 0.06446 | 0.0659 ◢ Support: 0.06218 | 0.06158 | 0.06014 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.23 ▣ Last 90D: 0.03 ▣ Last 1-Y: 0.53 ▣ Last 3-Y: 1.11 ◲◰ Volatility : ▣ Last 30D: 0.39 ▣ Last 90D: 0.41 ▣ Last 1-Y: 0.64 ▣ Last 3-Y: 0.89 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.40 - Bearish ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.53 - Bullish ▣ In-depth ETHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Ethereum Showing Extreme Weakness - Major Trend Break Just thought I would leave this here to see how it evolves as I don't look at Ethereum much besides the utility of stablecoins. In the past months Bitcoin has hit a macro bottom and completed a pretty good bounce roughly 90% indicating true accumulation + interest and this is before the Spot ETF's had been announced. Ethereum on the other hand had actually dropped under Bitcoins Macro bottom and had been trending to stay alive on the the line (Green) 56%. Compare BNBUSD we see the same picture indicating less and less interest in the native Eth token what could be some of the reasons? Many allocators interested in Bitcoin could only really use exchanges via bank transfer > stablecoin of your choice mainly USDT > Bitcoin, this means the majority of volume and price upkeep on the native Ethereum token is not based on its own unique ecosystem rather based on the Stable coins providing the only mode of transport. We see the decline of Ethereum's strength directly correlated with USDT, USDC, BUSD declining growth proving this theory including MSTR (MicroStrategy) offering one of the only alternatives to have exposure to Bitcoin. Where is this going where does it lead? Simply if the stable coin model fails to provide more and more liquidity to feed the BNB or Ethereum Chain the chains results to failing unless you can keep the native token price up. Spot Bitcoin ETF's and internal Fidelity trading platforms will render stablecoins needing to use blockchains like Ethereum, Solana, Binance Chain not needed. Paolo Ardoino (Tether CTO) explains this model very well, exchanges forcefully chose to not adopt Bitcoin Lightning Network due to basically no fee's and no native token, forcing Ethereum / BNB forces liquidity into L2 chains and staking funding exchanges to do more marketing. See if Spot ETF's come in and other exchanges like Coinbase, Bitfinex etc adopt Lightning Network the demand for stable coins on Ethereum / Binance Chain would free fall and its already starting. As the NFT / DeFi hype continues to decline leading exchanges will need to change their business model like firing thousands of employee's and adopting Lightning Network and eventually USDT, USDC will run on Lightning Network. Paolo Ardoino 🍐 Tweet twitter.com We will see over the months how this develops.
INDEX:BTCUSD
by FederalXBT
1
Buy period: 1754.58-1913.79 (volatility period: around August 3)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) (1W chart) The Bollinger bands are beginning to contract, and the contraction range covers the roughly 1168.36-1862.0 interval. Therefore, to continue the uptrend, we need to see support around 1862.0. However, even if it drops temporarily, if it shows support around 1611.62, it is expected to show an upward trend. (1D chart) The chart looks complicated, but the important support and resistance zone is the 1572.69-1862.0 zone. If supported and rising in this section, it is expected to rise around 2531.05-2871.13. Among them, the 1757.58-1913.79 section corresponds to the buying section. Therefore, if it is confirmed that it is supported in this section, it is possible to buy. -------------------------------------------------------- In order to trade altcoins, it is recommended to check the movement of BTC dominance. (BTC.D chart) BTC dominance gives you a rough idea of whether the money in the coin market is concentrated towards BTC or altcoins. Therefore, in order to trade altcoins, it is recommended to proceed when BTC dominance is showing a decline. Looking at the big picture of BTC dominance, it is expected to touch around 56.78-61.73. Therefore, even if the current BTC dominance declines, it is expected to continue to rise eventually, so it is recommended to approach altcoins with day trading or short-term trading. However, if you want to trade in the mid- to long-term, 1st: BTC 29K or less 2nd: BTC 32K-43K 3rd: Over 43K You can proceed with the split purchase in the first to third steps above. The third period corresponds to the full-fledged buying season. Therefore, when you are in the BTC 29K-32K range, it is a good idea to look for an altcoin you want to trade. To do so, we need to find the support and resistance sections of the altcoins in the big picture and see what kind of movement they show in that section. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
ETH ANALYSIS (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETH symbol. I have a scenario for Ethereum in mind, like on the picture. I specified the invalidation level. A close of 1 four-hour candle below the invalidation level violates the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Ethereum Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰) . Today I want to show you the 🗺️roadmap🗺️ for Ethereum for the next 7 days in the 4-hour time frame using the Elliott wave theory. Ethereum has started to form corrective waves after the completion of five impulsive waves; one of the signs of the beginning of corrective waves is the formation of the Head and Shoulders pattern . Since the main wave A has 5 microwaves, I expect a corrective structure ahead of Ethereum Zigzag(ABC/5-3-5) . Ethereum has managed to complete the main wave B in the 🟡 Price Reversal Zone(PRZ)-($1,918-$1899)🟡 (One of the signs of the completion of the main wave B is the breaking of the support line). 🌐 News 🌐: Vitalik Buterin Linked Wallet Invested 2013 Ethereum in OKX! Is it a Bearish Signal❗️❓ An address associated with Lookonchain Ethereum founder Vitalik Buterin said it has invested 2,013 ETH (worth $3.76 million) in OKX. I expect the main wave C to finish near the support line and inside the 🟢 support zone($1,780-$1,750) 🟢. 📚 Educational Tip 📚: One of the signs of confirming the wave count is that wave A basically goes down to the end of wave 4 . If we look at the ETHBTC chart, we will realize that if the cryptocurrency market falls, Ethereum will be more affected by this fall than Bitcoin. For more information, I recommend you to read the following post.👇 Ethereum Analyze ( ETHUSDT ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
Ethbtc pairI see a possible retrace on the 1-year of the ethBTC pair to the .786 fib. ETHBTC pair, the price has been in a downtrend since reaching a high of November 2021. Here are some other factors to consider when trading ETHBTC: Fundamental analysis. Fundamental analysis looks at the underlying factors that affect the price of an asset, such as news, economic data, and regulations. Market sentiment. Market sentiment is the general feeling of traders about an asset. If market sentiment is bearish, it could mean that ETHBTC is more likely to fall. Volume. Volume is the amount of an asset that is traded in a given period of time. If volume is high, it could mean that there is a lot of interest in ETHBTC and that the price is more likely to move. By considering all of these factors, you can make a more informed decision about whether or not to trade ETHBTC.
Short
by awakensoul_369
Need to check whether it is supported or resisted around 1913.79hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) (1M chart) Looking at the 1M chart, As long as the rate does not fall below the MS-Signal indicator and the downtrend line, I expect the price to maintain its uptrend. From a long-term perspective, the time to buy in earnest is when the HA-High indicator on the 1M chart touches and rises. Accordingly, it is necessary to check whether the price is maintained by rising above the current position of 3321.30 or above the newly created HA-High indicator. (1W chart) Looking at the 1W chart, Most notably, the Bollinger bands began to contract. Accordingly, it can be clearly seen that the possibility of large volatility is increasing in the future. The section consisting of the HA-High indicator on the 1W chart and the 1862.0 point corresponds to the 1st support section. 2nd support section: around 1611.62 3rd support section: 1168.36-1338.65 As the price is holding above the HA-High indicator, it is more likely to break the previous high. Whether the previous high will be at 2141.54 or 3582.10 is yet to be seen. However, if the price stays above the HA-High indicator on the 1W chart and the Bollinger bands start to expand, a rise above 3582.10 is expected. (1D chart) Looking at the 1D chart, the HA-High indicator on the 1D chart is rising again and is about to be created. Accordingly, the key is whether it can receive support around 1913.79 and rise. If it starts to rise, we need to see if it can rise above 2074.00. When looking at the combined support and resistance points on the 1M, 1W and 1D charts, the 1572.69-1879.61 section is an important one. Therefore, if the price is maintained above this range, it is expected that it will eventually show an upward trend. The target zone for this uptrend is the 2531.05-2871.13 zone. Therefore, the 2531.05-2871.13 area is likely to be an important resistance area for the previous high on the 1W chart to reach the 3582.10 point. For ETH to trend up, the money flow in the coin market, i.e. BTC dominance, must trend down. Therefore, when looking at the flow of BTC or ETH, it is recommended to look at the Market Cap chart (USDT, USDC, BTC.D, USDT.D) together, if possible. ------------------------------------------ (ETHKRW chart) The sideways range on the 1M chart is 1911000-2920000. The important support range on the 1W chart is 2370000-2487000. Looking at the 1D chart, The HA-High indicator on the 1D chart is expected to be created at the 2546000 point. Accordingly, the key is whether the price can be sustained by rising above 2546000-2574000. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
Bitcoin and Beyond: An Analysis of Crypto Market TrendsHello everyone. A few weeks ago, I shared a few successful ideas about Coinbase, Grayscale, and the possibility of an ETF being approved. I also shared several interesting plays that have been doing very well, so I would like to dig deeper into them and check their progress. This idea will be a comprehensive look at crypto's evolving landscape. An in-depth analysis of current trends, fundamentals, and data, where I will explain why I remain bullish on crypto and Bitcoin in particular. There is also a decent chance that an alt season has begun. We will explore why the future looks bright while examining any potential issues and going through the current price action. So pour yourself a nice drink, and let's get into it! 1) Coinbase has been doing incredibly well. Why? A few reasons... a) multiple ETFs have been filled and are waiting for approval by the SEC, most of which have Coinbase as their main exchange/partner. b) The SEC was expected to sue Coinbase, so it was a sell the rumor - buy the news event. Once the SEC sued Coinbase, the stock capitulated and bounced immediately. However, the SEC's case looks weak, and Coinbase could win. c) Most other exchanges in the US have been suffering, with Bittrex shutting down and BinanceUS potentially shutting down too. d) Coinbase has launched a derivatives platform both in the US and abroad and its own Layer 2 protocol. Therefore more potential profits will come to the exchange. 2) Microstrategy is also doing great. Like Coinbase, the stock went through a lot of FUD, and many thought it would be forced to sell some of its coins if Bitcoin's price fell below a certain level. Now this is all in the past. Microstrategy's business is booming, and they keep buying lots of bitcoins. Not only are they buying, but they even repaid their loan to Silvergate at a 30% discount. Coinbase also repaid part of its loans at a steep discount because interest rates are so much higher and crypto so much lower. Both stocks fell more than 90% from their ATHs and went sideways for nearly 14 months. They both bottomed in May along with the Terra collapse and had a secondary low that was essentially an SFP, as they follow US tech companies as they were capitulating. Now both are also being heavily bid by players in the traditional space (TradFi), as these players don't have easy access to crypto until an ETF gets launched; hence they are looking for proxy trades. MSTR seems to be doing better as it is essentially a leveraged bet on Bitcoin due to the fact that it has taken massive loans to buy Bitcoin at low-interest rates and isn't exposed to altcoins like Coinbase is. Finally, MSTR's price partially filled the gap that opened in 2020 since the time it announced it bought Bitcoin. 3) GBTC's discount is closing. As I had said multiple times before, Grayscale's Bitcoin Trust would outperform Bitcoin. I had been saying that buying GBTC at a 40-50% discount is a good idea, and those that bought GBTC are now beating BTC by 40-50% and could gain another 30-40% as the discount closes even further. The main reason behind this idea was that the SEC would probably lose against Grayscale. The SEC hasn't been able to explain why it hasn't approved an ETF, and its case has many holes. The same holds for many of their actions and failures to protect retail investors. Approving an ETF before the elections would help them cleanse all their past mistakes. The massive discount that GBTC had hurt millions of investors directly and indirectly, and the only way to properly restore balance would be to approve an ETF. Once Blackrock decided to step in, it was game over. Why? Because BlackRock has an incredible track record of having its ETFs approved (575-1). If one ETF is approved, all ETFs have to be approved, which means that, finally, GBTC will be converted to an ETF. GBTC could easily rally, fill the gap at 24, pause there for a while, and then continue higher. 4) BITO was the futures ETF the SEC approved in October 2021, and it was yet another awful product. It was horrible for investors, as it has underperformed Bitcoin by more than 30%. The only real usefulness of that ETF has been to help me trade Bitcoin better. How? Because of its gaps. The CME futures, the BITO ETF, and GBTC have been forming/creating special patterns which could give an edge to someone based on the types of gaps on the chart. As BITO slowly becomes irrelevant, CME futures and all the spot ETFs will play a more important role in price action, so tracking their gaps could be a handy tool for those that actively trade. What BITO indicates at the moment is that Bitcoin could have another dip toward 28800 and then go higher because of the major gap it has lower. Overall, there are many more gaps to the upside than the downside; hence, I expect prices to go higher soon, as these gaps act like little magnets. 5) As the traditional market is closed tomorrow, it will be interesting to see what the crypto market does as it trades 24/7. The CME futures will probably trade tomorrow, as they've also been trading today. Usually, the market opens for a few hours on July 3rd and is closed on July 4th, but futures tend to be open pretty much on all holidays. Bitcoin is trading near its May-June 2022 local tops and looks super strong. Based on my analysis, the most immediate targets are 35300 and 37500, as indicated by the CME gaps. However, I think that the fair value of Bitcoin is closer to 37-40k, and with an ETF, it could easily shoot up toward 50k. As seen in the spot chart, many FVGs are waiting to be filled to the upside, and it's unlikely that any will be filled to the downside. The capitulation at 15.5k last November was quite intense, and the market has essentially formed a massive inverse Head and Shoulders pattern, with a target near 49-50k. The current uptrend is very clean and technically perfect. It first swept the Nov 2020 low that led to the big breakout, then tested 20k during the USDC-SVB crisis (bottomed right at the 2017 ATHs), and finally tested the 25k breakout zone during the SEC lawsuits. Currently testing the 30-31.5k resistance, and it will most likely eventually break above it. It also closed Q2 above 30k, which was a very strong close! 6) Finally, I want to talk broadly about Ethereum, Bitcoin's Dominance, and my view on crypto assets. Ethereum has filled its CME gap and paused there. It was normal for the price to dip slightly today in USD and BTC terms. Overall, ETHUSD isn't as clean as BTCUSD. I wouldn't say I like that it has too many FVGs (gaps/inefficiencies) open and so many double bottoms. Essentially there is much-untapped liquidity, which makes it look a bit unhealthy. However, ETHBTC seems to have bottomed. I waited months to see the FVG at 0.0608 filled, and once it did so, the market almost immediately bounced. It has now reclaimed support and looks fairly strong. If ETHBTC has bottomed, then potentially, crypto broadly has bottomed vs BTC. Ethereum is the leader of the rest and is also in a powerful position. Bitcoin might lead the ETF race, but an Ethereum ETF will eventually emerge. So far, Ethereum has many advantages over Bitcoin, like fee burning, lower inflation, more adoption, and staking. As more and more investors stake, then there will be less selling pressure on the market. Ethereum could be seen as green tech by many investors, which will also give it an extra boost. What remains to be seen is whether the SEC will deem staking and Ethereum as securities, which means that an Ethereum ETF might take longer. At the moment, many ALTBTC pairs look quite bullish and bottomed out. However, ETHBTC has gotten rejected at resistance, and Bitcoin's dominance remains in a strong uptrend. The current BTCD (BTC.D) pullback doesn't look sufficient to conclude whether we are in an alt season. So far, it's been positive that many crypto assets are dipping or rallying along with Bitcoin, as the worst for them to be dipping when BTC is rallying. In my opinion, there is a decent chance altcoins capitulated, as the selling from many bankrupt firms or crypto delistings has already occurred. For example selling from Voyager, Celsius, Bakkt, Revolut, and Robinhood are either priced in or has occurred. These customers have gotten or will get BTC, ETH, or USD back, which can convert into other crypto assets. To start wrapping things up, I want to mention the many crucial events to look out for. a) The return of FTX, b) the legal court cases between the SEC and all the crypto firms, c) bankruptcies, and d) the distribution of BTC from Mt Gox and the US government. The return of FTX would be very bullish for crypto and Bitcoin in particular, as FTX mostly has smaller coins and cash. The SEC will probably lose some cases against Ripple, Coinbase, and Grayscale, which will shape the future of crypto. Remember that a lot of the bearish news is already priced in to a large extent, and very few events can truly shake crypto (not Bitcoin). As these policies and bankruptcies have disproportionally hurt smaller crypto assets, they could be the ones that benefit the most once the tide turns. Bitcoin investors and traders should be most aware that Mt Gox will return about 140k BTC and 500m in cash, and the US government has about 90k BTC to sell and 120k BTC to return to Bitfinex. GBTC has 635k BTC, which will come back to the market through the ETF conversion (so far, they've been locked out of the market). BlockOne has 164k BTC, which was raised during the ICO period and might eventually distribute to EOS holders. All these events might be short-term bearish for Bitcoin, but long term, we think they will sort out imbalances in the market. At the same time, these events will probably push capital and liquidity into altcoins, so rather than panicking and selling, it's better to look for opportunities in the rest of the crypto market. In conclusion, this market will provide multiple opportunities to the bulls, even though it will be a bumpy ride. I don't want to say with certainty that the SEC will lose all its cases, as I think many crypto assets, if not the majority, are securities. However, the crypto space isn't going away, especially as multiple jurisdictions like the UAE, UK, Singapore, and Hong Kong have taken a good approach to crypto regulations. At the same time, I don't want to tell anyone to speculate too much on smaller crypto assets, as the pool of liquidity that is about to enter primarily into Bitcoin is much larger than anything that currently exists in crypto, which means that BTC could outperform crypto assets over the next 6-12 months. Thanks a lot for reading, and I hope you learned a lot from my analysis. Good luck! :)
COINBASE:BTCUSDLong
by BitcoinMacro
2
Need to see support near 1.343 for short-term trend reversalHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) Looking at the 1W chart, Based on the 1862.0 point, we can see that a trend reversal is likely to occur. The question is whether it can get out of the sideways section formed below 1862.0. Since the HA-High indicator of the 1W chart is formed at the 1879.61 point, if it shows support near the 1879.61-1862.0 section, it is expected to show a sharp upward trend. this rapid rise 1st: 2196.53 2nd : 2531.02-2871.13 Split selling is possible around the 1st and 2nd above. Similar to the BTC chart, the HA-High indicator on the 1M chart is formed at a high price (3321.30), so it is not yet time to make full-fledged purchases from a long-term perspective. When it rises to the vicinity of the HA-High indicator on the 1M chart or when the HA-High indicator is newly created, you can proceed with the purchase from a long-term perspective when supported by that area. To do so, you can get a bigger profit by buying a lot now, but you can say whether you have to wait for it to rise to the vicinity of the HA-High indicator on the 1M chart or to be newly created. The most important thing in investing and trading is that it is determined by whether you can keep your psychological state stable. The full-fledged buying from a long-term perspective that I am talking about means that there is a high possibility that a full-fledged bull market will start from then. Therefore, I am saying this because there is a high possibility that the price will show an upward trend after the purchase, so you will feel less psychological anxiety caused by price fluctuations. The current price corresponds to the lower price range. Therefore, if you buy with a large proportion of your current investment, you will definitely get a big profit. However, if you can't overcome the anxiety and pressure of your psychological state, you will eventually be able to hold on to the end. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
ETHBTC journey in the descending channelHello! Today we will consider an unusual pair - the ETHBTC cross. In the previous idea, this topic was raised, so let's look at the graph in more detail. Globally, on a timeframe of 1 week, the situation for the ether is not very rosy, since there is currently a trend for short. But on the daily chart, ETHBTC goes in a descending channel and draws a divergence at the lower border of the channel, so you should count on a rebound and go at least to the upper border at 0.07.
Long
by CRYPTOVALUTCHIK
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) briefly rose above the 1,900 level in today’s session, after falling towards a support level of 1,830 on Monday. Following a low of 1,840.22 to start the week, ETH/USD jumped to a peak at 1,905.36 earlier in the day. with the world’s second-largest cryptocurrency once again falling below the 1,900 level. ETH is trading at 1,881.79, with the RSI marginally below a resistance level of 58.00. momentum is bullish, following a recent crossover between the 10-day (red) moving average, and its 25-day (blue) counterpart. Should this cross mature, there is a good chance that ETH will not only move above 1,900 but closer to 2,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
✳️ Ethereum vs Bitcoin NEW | Bullish Impulse (5-Up) 7X lev.Hello my dear friends, I am back on ETHBTC with lev. but I just want to show you the chart. The doubt that always creep in is this, "If Bitcoin is growing, how can the BTC pair of any Altcoin grow at the same time?" If Bitcoin grows the ALTSBTC pairs are supposed to go down, simple thinking based on logic but reality and logic do not go hand in hand. Proof. ✔️ ETHBTC grew from June 2022 through August 2022, together with Bitcoin. This means that ETHBTC can grow even if Bitcoin grows. It can grow apart from Bitcoin but also together, this doesn't really matter. The MACD is showing a young bullish cross. The RSI bottomed hitting oversold and is now neutral but trending up. A new bullish impulse can develop. After the 5-Up wave pattern last year, we had a long corrective phase. You can tell this is a corrective phase because you cannot draw a 5 wave pattern in anyway. When a 5 wave pattern is not do-able, you are most likely than not looking at a correction (Elliot Wave theory). To me this opens the potential for a new impulse. Even without EW the chart structure, market cycle and other signals all point to a potential upward move. Charts can change, things can always change and thus one has to plan before deciding to trade. This is a very low risk set up, the 20-March low can be used as the stop-loss. Any trading above this level and up we go. We have about 5% risk with 25%+ potential for reward. We are doing 7X. Capital allocation is 3%. This is not financial advice. I love you. Thank you. See you tomorrow... Or see you later on today? Whatever, I am happy. Namaste.
Long
by AlanSantana
10