#ETHBTC - A Small Short Trade Here, But What's Next?After some mega trades throughout 2022 with #ETH #BTC we've been a little quiet recently ranging within a smaller channel with trades showing small profits and/or small losses.
We've got a chance now of another small profit from a Short trade but the real question is what's going to happen next? When a breakout of this ranging market happens (which it will!), the direction #ETHEREUM heads is up for debate!
What do you guys think?
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Crypto Tipster v2 by theCrypster
ETHBTC
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also moved lower in today’s session, as bears pushed prices below the $1,700 level.
ETH/USD plunged to an intraday low of $1,671.98 on Tuesday, less than 24 hours after trading at a peak of $1,714.29.
Today’s drop sees ethereum move below its long-term support point at the $1,675 mark, which has been mainly stable for the past week.
the decline in prices comes as the 14-day RSI retreated from a recent ceiling at 61.00.
As of writing, the index is now tracking at a reading of 57.28 and appears to be rapidly nearing a floor of 57.00.
Should bears hit this bottom, ETH will likely be trading below $1,650.
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
The price action has reacted to the R1 pivot resistanceEthereum rallied yesterday, breaking the daily pivot completely and turning this level into temporary daily support up to the resistances it had been marked for.
The price action has reacted to the R1 pivot resistance, and this level continues to have a positive reaction. For today, the resistance that we can consider is in the range of 1727 to 1735 dollars, and the second resistance range is considered in the price of 1788 to 1800 dollars.
The second resistance level can have a stronger reaction. Also, if this support is broken, the following support range is considered at the price of 1620 to 1630 dollars.
The bottom side of the triangle pattern is very important.
Ethereum Enron 2.0? Can anyone explain how this works? Somewhat confused here, I come from a traditional finance background TradFi if you wish, I decided to do some research on Ethereum as its in the talk next to Bitcoin .
What I discovered this Ethereum is a mix between Enron and WorldCom and completely useless.
Correct me if I'm wrong.
1. Ethereum is no longer PoW meaning there is no energy to create or maintain the network.
2. The only value I have seen on Ethereum making it relevant and keeping the structure going is stable coins that are ultimately after Bitcoin .
3. Ethereum developers who clearly cannot do math but they can code have create a collapse scenario for Ethereum .
Only posting this is I noticed people wondering why are my Ethereum tokens locked in something called the Merge?.. .
Well think about it, Tether and USDC don't need Ethereum , Ethereum needs them, Ethereum developers bright idea? add a APY / Yield for staking Ethereum .
This yield goes up the less Eth are staked and the more are sold, this is creating a government issued bond but there's no country backing Ethereum .
The thought process is institutions and banks will plug into Eth to do transactions when in reality they're laughing at the Ethereum community.
Institutions will create their own network to transact to Bitcoin , they're never going to opt into a network that they have to pay for a token? to transact stable coins?
What you're going to see is Bitcoin rise Ethereum fall, more Ethereum users run to unstake the Yield will rise creating more Ethereum > causing more people to unstake > more selling Ethereum .
Like its not even like we did not just go through something similar collapsing.
Have listen to a few Ethereum developer calls and I'm wondering do you even understand what you just created? probably not because none of these people have any clue about finance.
You can actually already start to see a deflationary death spiral before the coins locked have even been unlocked?
Breaking of the top of the triangleIn the last 24 hours, Ethereum showed strong reactions to its support and resistance ranges.
At first, the upward movement of Ethereum continued up to the $1730 range, but with price reactions to the resistance levels, we saw a sharp return to the support range.
Previous support was considered on the chart in the $1,650-$1,630 range.
A strongly positive reaction to this level has been observed.
Ethereum's daily pivot is in the range of $1,690-$1,695, and if this minor resistance is broken, Ethereum can grow again to the previous resistances.
The trend of Ethereum has also ranged like Bitcoin. The uptrend can continue as long as the support levels marked on the chart are not broken.
With the breaking of the top of the triangle, Ethereum will be able to rise well in price
The main resistance of EthereumEthereum's volatility range was between $1,713 and $1,680 yesterday, forming a doji candle well within its previous candle's range. In the 4-hour timeframe, Ethereum is still bullish, and after hitting minor support in the $1,627-$1,654 range, the price is again trying to form a higher ceiling.
The main resistance of Ethereum in the range of $1727 - $1808 is one of the strongest levels that Ethereum has not yet stabilized above this range after eight months.
Due to the economic situation and the negative news after that, the price above this level needed to be stabilized.
Also, this range is confirmed by the Smart Money indicator. The thing about this resistance is that if the number of collisions increases to this level, the probability of breaking it increases.
BTC 🔵 or 🔴 ?Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet powerful technique. See the REKTanglez😁 on pic below, and it should be clear.
PS: Hover over the BIZ circle and you will find a treasure!
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BTC better to hold this supportPlease 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.
Bitcoin having nice ride up. I will not sell as long as this cyan support zone created by cluster of uptrendlines holds.
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Ethereum had a small correctionEthereum had a small correction in the last 24 hours and rebounded before reaching the $1,600 support area.
The return of the price to the previous ceiling range has again been accompanied by a reaction, and in general, has increased the potential to enter the range trend.
Only the first signs of entering the range trend have been observed. But before that, there is a possibility of further growth and a move towards a more important resistance that is considered in the $1800 range.
For today, as long as Ethereum is above the $1,666-$1,675 range, we can consider the short-term daily trend to be bullish. Daily short-term targets will be in the ranges of $1720, $1740, $1775, and $1800.
Volatility in the marketIn the last 24 hours, there has been a lot of volatility in the market and market sellers have gained strength.
With the continuation of the upward trend of Ethereum and the formation of a new ceiling in the 4-hour time frame, the price hit the range of 1727 to 1808 dollars.
This resistance has been seen as a strong supply area on the Ethereum chart for the past few weeks when the price hit this range again after a 6-month gap.
Also, the trend of Ethereum below this resistance zone can be ranged. But in the 4-hour timeframe, due to the creation of a higher ceiling, we see the Ethereum trend rising again.
So two important supports are considered for Ethereum, which considering the type of correction and the high angle to the horizon, we can expect the price to hit these levels.
The first support is in the rand range of $1600, and the second support is in the range of $1545-1555.
Buying pressure is still highEthereum had a lot of buying pressure yesterday, holding the support of the $1,540 - $1,550 range, rising to the first target in the $1,600 range.
Buying pressure is still high in the market, and given that the price is approaching important resistances, there is still potential for Ethereum to rise to the $1,800 resistance level.
Ethereum's closest support is considered to be in the range of $1,650 to $1,656. In case of price correction, we can again expect a positive reaction from this support.
ETH IS STILL BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETH symbol.
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
Buyers tried to hold the $1,500 supportAs buyers tried to hold the $1,500 support in Ethereum, this support increased yesterday, and the economic news helped to create a positive swing in the market. Of course, the news wasn't encouraging, and with annual inflation coming in higher than previously forecast, it's not good for financial markets in general. But in the short term, it has caused a positive fluctuation in the market. Ethereum broke the $1,540-$1,550 resistance range, and if it consolidates above this level, it could continue its short-term upside move to the next target in the $1,600 range. Note that the general trend of Ethereum is between the support of $1,500 and the resistance of $1,700.
BTC trendlines to watchPlease 1st of all smash the boost 🚀 button to support my work if you like it! It's absolutely for free.
I would expect ₿itcoin to move between the lines inside the rising wedge at least for a while. The wedge upper edge should act as dynamic resistance, while the lower edge should act as dynamic support. Let see how it goes... 🍿
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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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✳️ ETHBTC 8X Lev. 150%+ Potential (Update)Our position remains live/active and valid.
A better entry now possible!
Refer to previous trade idea dated February 8 for full numbers:
Thanks a lot for the support.
Namaste.
Ethereum reacted negatively to its minor resistance levelsEthereum reacted negatively to its minor resistance levels in the last 24 hours, and as soon as it hit the level of $1540-1550, we saw the price of Ethereum drop. From the bottom of the support range of 1483 to 1500 dollars, until it is completely broken, we expect the continuation of the Ethereum range. The positive point for the short term is that a descending channel has been identified in the CME market for the Ethereum chart, the ceiling of this channel has not yet been broken, and the short-term trend is still bearish. Only if there is a positive reaction to the support of this indicator, and the ceiling of the channel is broken, we can expect a positive swing from Ethereum to the $1600 resistance. One of the most important medium-term supports of Ethereum is in the price channel of $1300, and we expect a positive reaction from this range if the support of $1500 is completely broken.
The minor resistance areaEthereum has been in a range over the past 24 hours, and after a positive reaction to the $1,490 support area, it is making a positive swing.
But a minor resistance in the $1,539 - $1,569 range is set for it, and if it is broken, we can expect Ethereum to grow further to the $1,600 range.
In general, due to the downward trend of Ethereum in the 4-hour time frame, encounters with these resistance levels can be accompanied by a negative reaction, and the expectation of the continuation of the correction of Ethereum is higher.
Ethereum can have a positive fluctuationIn the last 24 hours, selling pressure on Ethereum caused its price to return below the $1,499 level for a short period of time. A temporary break of this range can be one of the signs of a further decline in the price of Ethereum and a move towards lower supports. But if Bitcoin makes a positive swing before continuing its downward move, it will grow to the $22,000 range. Ethereum can also have a positive fluctuation up to the range of 1581 to 1605 dollars with a strong positive reaction to this support. Otherwise, with increasing selling pressure, further decline of Ethereum can continue until the next support range, i.e. the price of 1366 dollars, which is a stronger range for a positive reaction.
✳️ ETHBTC 8X Lev. 150%+ PotentialWe are active on this one as well with 8X.
This is the same as ETHBTC.
We entered on the 6-Feb. in the following range: Buy-in: 0.06950 - 0.07170
Full numbers will be shared later down the road.
Disclaimer: Do your own research before trading. Lev./margin is high-risk and for experienced traders only.
If you can't handle a loss, then trading is not likely for you, as some trades we win, many trades we lose.
We learn from our mistakes, grow and move on.
We make sure not to repeat the same mistakes in the future. But if we do make the same mistake we take responsibility for our actions and make sure the next time we are prepared to take the action we are supposed to take.
You can have a plan and everything, be determined yet the emotions can take control.
A huge win can change your life... If you are not ready for your life to change, your body, your subconscious mind, might push you to make a mistake because deep down you can't take the win yet and thus another loss.
It is a psychological game.
That's why we mediate and study so hard... If you grow in your mind, if you grow your energy, if you grow your consciousness, your money easily grows too.
Namaste.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 on Tuesday, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second-largest cryptocurrency climbed past a resistance level of $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling of 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
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