Get started

ETHBTC

Next Volatility Period: Around August 14th - 18thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M Chart) You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section. If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading. - (1W chart) If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart. Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated. If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located. However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart). If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support. - (1D chart) It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section. This short-term falling channel is a channel made up of high-point trend lines. Therefore, if it falls from this channel, it is thought that it is likely to record another large decline. That is why the key is whether there is support near the 1783.0-2159.0 section. - When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible. Currently, the HA-Low indicator is formed at the 3079.59 point. However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point. - The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points. Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range. If it falls, 1st: 2159.0 2nd: 1783.0 You should check whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals. Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price. The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound. Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon. Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure. The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur. From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors. Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
Long
by SafeCryptoSignals
Ethereum medium term analysisWe have a scenario for Ethereum. Note that this analysis requires a lot of time It doesn't matter if we reach the green range like the wave counter on the chart or not, but whenever the price reaches the green range, we will be a buyer. Ethereum seems to be completing a large bullish triangle, which we are now in wave d. It is expected to be rejected from the supply range to the damnd range. On the green range, we are looking for buy/long positions for medium and long term. Closing a daily candle above the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
ETHUSDT - 4H a correction phaseRecent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto market. From a technical perspective, COINBASE:ETHUSD has faced strong resistance at a key zone in the 4-hour time frame. Despite multiple attempts, BINANCE:ETHUSDT was unable to break through this crucial resistance level, suggesting a lack of bullish momentum to sustain higher prices. Additionally, the Relative Strength Index (RSI) shows a bearish divergence, indicating weakening buying pressure and potential for a downward move. Given the inability to breach the resistance, the bearish RSI divergence, and the prevailing political uncertainties, it is likely that ETH will experience a pullback. This correction could provide a consolidation phase before the market assesses the next potential moves. Traders should be cautious and consider the potential for a short-term decline in ETH prices.
Short
by Sober_Trading
2
Ethereum may go bullish, be carefulFirst of all we need to know that the main structure is bullish and we can trust the signals that are in the same direction as the main trend. Recently we had a bullish iCH on the chart. We are in a big range that we are approaching the discount of this range. We are near a support range. We will look for buy/long positions within the specified demand range. The targets are marked on the chart Closing a daily candle above the invalidation level will violate 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
ETHBTC Shows Lower Degree Bullish Setup FormationWe talked about ETHBTC back on July 5th, where we mentioned and highlighted a completed higher degree corrective decline with strong support zone. Since then, we have seen some short-term slow down, which can be just a lower degree bullish setup formation. ETHBTC looks to be finally ready for a bullish continuation within higher degree wave C/3 after we noticed an impulsive rally into wave A/1, followed by recent a-b-c corrective setback in B/2. With current sharp bounce, seems like wave B/2 is completed and wave C or 3 already in progress, especially if the price jumps back above 0.05150 region. Bullish ETHBTC pair also indicates that Ethereum could be doing better than Bitcoin in upcoming weeks. Can other ALTcoins too? Is it finally time for ALTseason?
Long
by ew-forecast
ETH/USDT 1DAY CHART ANALIYSIS !!The chart shows ETH/USDT within a descending channel, highlighted by the purple lines. There is a crucial support area between $2,800 and $3,000, represented by the orange and yellow shaded areas, indicating potential areas for buying. ETH/USDT has recently bounced off the lower boundary of the descending channel, indicating that this support level still holds. The upper boundary of the descending channel, along with the horizontal resistance around $3,600, forms a key resistance area that ETH needs to break to confirm a bullish reversal. The green line (possibly a moving average) around $3,050 currently acts as a dynamic support level. Recent price action indicates a double-bottom pattern around the $2,900-$3,000 range, suggesting a potential bullish reversal if confirmed. If ETH/USDT can sustain above the $3,000 support, the next target will be the upper boundary of the descending channel and the horizontal resistance at $3,600. A break below the $2,800-$3,000 support zone could lead to further declines towards the next significant support levels around $2,300-$2,500. This analysis is based on a visual interpretation of the chart. Consider using additional technical indicators and keeping an eye on market news and sentiment for a more detailed and accurate analysis. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
Important section: 3265.0 ~ 0.618 (3543.65)Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think that the cause of the large volatility in the investment market is various political, economic, and social causes that affect the investment market. Therefore, I look for various issues or news. However, I think that these causes rarely directly affect the investment market. Therefore, I think it is better to first understand the flow of funds or charts of investment products and then look at various issues or news. Otherwise, you may interpret various issues or news from a subjective point of view and proceed with trading in the wrong direction. I hope that you always keep this in mind and maintain objectivity when conducting trading. ----------------------------------------- (ETHUSD 12M chart) ETHUSD chart is an INDEX chart provided by TradingView. - The first rising wave rose to around 0.886 (1384.76), and the second rising wave rose to around 3.14 (468.08). The wave we should pay attention to is the second wave. Since the third wave is in progress after the second wave, I think it needs to rise above 0.707 (3879.94), which is the downtrend point of the second wave, to eventually create a new rising wave. The 0.707 (3879.94) point corresponds to around 2.618 (3918.46) of the first rising wave, so we can see that it is an important location. - Also, you can see that the 0.5 (3092.49) point of the second rising wave is important because it is near the 2 (3014.40) point of the first rising wave. Therefore, if there is an additional decline, you should check if it is supported near 0.5 (3092.49). - If the price rises above 0.618 (3541.38) of the second rising wave and maintains, I think it is likely to rise to near 1 (4994.56). ------------------------------------------------------ The INDEX chart is a chart that synthesizes charts provided by multiple exchanges, so it cannot be used directly for trading. Therefore, you can use the INDEX chart to analyze the chart. - (ETHUSDT 1M chart) The ETHUSDT chart is a Binance exchange chart. - The 3321.30 point is the HA-High indicator point on the 1M chart. Therefore, it means that a high point section has been formed at the 3321.30 point. Therefore, if it is supported near 3321.30, it means that a new high point, that is, a new upward trend, is likely to be formed. If it falls without support, it will create a downward wave. ------------------------------------------------------------ (ETHUSDT 1W chart) It shows a downward and re-entered pattern in the rising channel. Therefore, the key is whether it can maintain the price by rising above 0.618 (3543.65). If not, it should check whether it is supported near 3265.0-3321.30. - If it falls below 3265.0-3321.30, there is a possibility that it will fall near the HA-Low indicator of the 1W chart, so you should think about a countermeasure for this. Currently, the HA-Low indicator of the 1W chart is formed at the 1340.12 point. As the price falls, there is a high possibility that a new HA-Low indicator will be created, so it is necessary to check where the HA-Low indicator is formed. - What we can do from the current position is to check whether it is supported near 3265.0-3321.30 or near 0.618 (3543.65). If it is supported near these two areas, you can start trading (buying). -------------------------------------------------------------- (ETHUSDT 1D chart) The chart may look complicated, but if you understand the important points or sections I mentioned in the explanation of the 1M, 1W charts above, I think you will have no difficulty in looking at the chart. - The section with the circle drawn is likely to play an important role as support and resistance. So, if you look at it broadly, 1. 3014.05-3321.30 2. 0.707 (3883.16) ~ 4093.92 You can see that the above 1 and 2 are forming large support and resistance sections. If we break this down a bit more, 1. 3014.05 ~ 0.5 (3093.51) 2. 3265.0-3321.30 3. 3503.68 ~ 0.618 (3543.65) 4. 3787.59 5. 3962.19 It can be divided into 1-5 above. - The current position is not a good area to start trading. The reason is that support has not been confirmed yet. Therefore, I think it is better to wait until support is confirmed around 3265.0-3321.30 or around 3503.68 ~ 0.618 (3543.65). - Since the HA-Low indicator on the 1D chart is formed at 3079.59, it is highly likely that the step-down trend will start when it falls below 3079.59 at the current point. Therefore, the support around 3265.0-3321.30 is the key. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ZILUSD Forecast: Bullish Momentum & Targets for Q4 2024, Q1 2025ZILUSD currently finds robust support at $0.0136, suggesting favorable conditions for a potential uptrend. The recent retesting and observed volume indicate a promising setup for a bounce. Concurrently, the ETHBTC pairing shows notable growth, poised to potentially flip the 0.6 level, signaling a likely rally in altcoins. Moreover, with ETH's ETF approval nearing, the market anticipates heightened volatility and upward movements in Q4 2024. Historically, such periods have exhibited significant price rises and increased market activity during bull runs. Notably, preparations for market exit around March or November 2025 are advisable as bull runs typically conclude during these times. In historical contexts, ZILUSD has shown resilience and substantial targets during bull runs, with a minimum target projection of around $0.5 in Q4 2024. Breaking the $0.5 resistance could propel prices towards a maximum target of $1.5 by Q1 2025. Since its listing in January 2018 amidst a bear market, ZILUSD underwent significant downtrends until March 2020, followed by a notable uptrend till May 2021's bull run. Subsequently, a downturn from May 2021 to December 2022 led to a consolidation phase until March 2024, marked by recent upward movements. Retesting support at $0.0135 suggests a potential for a substantial uptrend towards Q1 2025 amidst the approaching altcoin season, expecting similar market volatility. Monitoring resistance zones and patterns is essential to maintain active trading strategies. Consider exiting long positions around March or November 2025, aligning with historical market cycles. For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
CRYPTO:ZILUSDLong
by Houseofcryptokings
BTC is down >10%; Is this a buy-the-dip moment?Just because something is cheap does not mean it is a good buy, and just because something is expensive does not mean it is a sound investment. This investment adage applies to Bitcoin (“BTC”) ever more so than now. Bitcoin prices dropped 11% over the past week, triggered by substantial BTC sales by the German government. Concerns loom about the forthcoming Mt. Gox repayments, which are likely to increase near term supply. Persistent downward pressure is anticipated as further sales are pending. Yet BTC ETFs are witnessing significant inflows, indicating that investors are capitalizing on lower prices. This paper explores a hypothetical spread trade involving short micro BTC futures and long micro-ETH futures, given the near term headwinds facing BTC and the tailwinds of ETF approval imminent for ETH. BTC DECLINES 11% DUE TO LARGE SALES BTC prices have plummeted by 11% since July 1st, breaching the critical USD 60,000 support level and 200-day moving average. This sharp decline was propelled by a series of negative factors: 1) German government liquidating its BTC holdings: The German government has been liquidating its BTC holdings which were seized by the German police earlier this year. The government has already liquidated 10,000 BTC (USD 550 million at current prices) since mid-June. Crucially, the German government still holds more than 42,000 BTC (USD 2.3 billion) which could have a major impact on markets if sold. The consistent outflows to exchanges in July suggests the impact could be felt in the near term. 2) Mt. Gox begins repayments: On Friday 5/July, Mt. Gox stated that it had started transferring BTC and BCH to its customers 10 years after the exchange was hacked. More than 47,000 BTC was moved out of the Mt. Gox cold wallets on 5/July, suggesting the repayments are ongoing. Given the size of the transfer, the impact could be substantial. While the repayments will take place in a staggered manner, most customers are expected to receive their BTC within the next six months. Aggregate repayments will total up to 140,000 BTC. 3) Large Long Liquidations: Due to the sharp market moves in the past week, BTC derivatives saw large liquidations for both long and short positions. However, the overall liquidations were much larger last week. BTC longs worth more than USD 210 million were liquidated on 4/July and 5/July. The large liquidations further exacerbated the decline. Large short liquidations over the past 12 hours suggest volatility persists in both directions. Source: CoinGlass 4) Fear Sentiment Dominates BTC: BTC’s fear and greed index has rapidly fallen to its lowest level in the past year. Over the past month, sentiment has shifted rapidly from extreme greed to fear. Heightened fear sentiment could impact the resilience of BTC holders. At the same time, periods of extreme fear can also represent buying opportunities. Source: Alternative.me Crypto Fear and Greed Index Long-term BTC holders (HODLers) who have not moved their tokens in more than 1Y have been remarkably resilient so far. Although the balance from this cohort has declined 7% YTD, it has been due to GBTC outflows, the impact of which was absorbed by other ETFs such as IBIT and FBTC. As sentiment swings the other way given the current sharp decline, more holders could start to sell their BTC. 5) BTC ETFs saw huge inflows last week: Following a mixed June which saw outflows from BTC ETFs total USD 1 billion, ETFs are once more seeing inflows. Since 27/June, more than USD 200 million have flowed. The largest inflow was on Friday 5/July, when price fell sharply. This suggests ETF buyers are using the price corrections as an opportunity to buy more BTC. This presents a potential bullish driver for BTC if prices fall too low. ETH RELATIVELY RESILIENT AS ETF APPROVAL BECOMES IMMINENT Mint Finance covered the relative outperformance of ETH to BTC in a previous paper . Approval for ETH ETFs is imminent. Bloomberg analysts previously suggested that approval could come through in early July. However, due to delays and re-filings, the updated approval deadline according to Bloomberg analysts is currently 15/July. Recent re-filings with the SEC showed minimal changes in the applications suggesting the applications are close to their final form and should be ready to trade within next few weeks. ETH ETF approval will drive spot buying and support ETH price. This is likely to drive specific outperformance of ETH relative to BTC. HYPOTHETICAL TRADE SETUP BTC faces multiple near-term headwinds. However, a directional position may be inadvisable given the bargain buying for ETFs and the sizeable, short position liquidations as price recovered on 8/July. Volatility remains high which presents a risk to a directional short position. Instead, investors can opt for a spread trade consisting of a bullish view on ETH and a bearish view on BTC. The spread trade effectively balances out price movements by offsetting declines in one cryptocurrency with gains in another. This approach provides investors with exposure to the relative performance of BTC and ETH. The recent decline in price has led to a decline in the ETHBTC ratio offering a compelling entry point to benefit from the ETF approval while maintaining a bearish view on BTC. The following hypothetical trade setup combines a long position in 19 x METN2024 and a short position in 1 x MBTN2024. • Entry: 0.05295 • Target: 0.05750 • Stop Loss: 0.05050 • Reward to Risk: 1.75x Notably, this trade does not match notional exactly as the current BTC/ETH ratio is 18.85. Alternatively, CME offers Ether/Bitcoin Ratio (EBR) futures that enable investors to gain exposure to the ETH/BTC ratio through a single transaction and match notional exactly. Each contract of these futures corresponds to an exposure of USD 1,000,000 multiplied by the index value (approximately USD 52,280 at a ratio of 0.05228 as of May 31). These contracts enable investors to obtain relative value exposure on these closely correlated assets without taking a directional stance. The EBR contract is also substantially more margin efficient than individual futures on both legs. Liquidity on the EBR contract is lower than the MET and MBT contracts for now. Volumes in the EBR contract saw a strong uptick in June suggesting greater investor activity in these futures. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CME:MBTN2024Short
by mintdotfinance
Ethereum (ETH)After huge pumps in crypto market we will have a little correction Ethereum price today is $1.6k with a 24-hour trading volume of 14.4 billion dollars on June we had a crazy Volume for eth and whales buys the dip which is a very good sign for eth price in future Eth under 1k is a most buy and 1k-2k is a dip for eth, as you can see in weekly time frame eth trys to make a W pattern an bulls try to back at 1900$ 2000, 2500, 3500 and 4500$ are the most important resistance for Eth and huge opportunity for scalper traders
Long
by moonypto
6
Is ETHBTC Pair Turning Bullish?ETHBTC pair can be turning bullish, as we see strong rebound after a completed corrective decline by Elliott wave theory. We talked about ETHBTC pair back on May 14th, where we mentioned and highlighted the completion of an (A)-(B)-(C) corrective setback with the wedge pattern within wave 5 of (C). As you can see today on July 05, ETHBTC pair bounced from projected 0.045 support area, which can be signal that it’s turning back to bullish mode, especially if breaks back above 0.061 region. Regarding dominance in the Crypto market, ETHBTC chart can be one of the reasons that ALTcoin dominance may kick in soon, so new ALTseason could be around the corner.
Long
by ew-forecast
2
ETH DOMINANCE Ethereum dominance showed strength a few hours ago. This is a great sign for large cap altcoins as well as Ethereum. There is only a little time left when he will show his strength. It is important to be ready when the impulse comes. At some point, ethereum should jump by at least 50 to 100 percent. Also Btc.D dominance will show the peak of bitcoin and then the altcoin season begins. Currently, the price of bitcoin is above 69300 both daily and weekly. Which shows that the trend continues, but I must not ignore Ethereum
Long
by learnfromfailure
2
Example of how to effectively use auxiliary indicatorsHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The StochRSI < 80, StochRSI > 20, OBV, -100, +100, RSI < 70, RSI > 30 indicators included in the HA-MS indicator are indicators that express the formulas of each basic indicator by modifying them. These indicators can be intuitively confirmed by expressing each indicator on a price candle, and can be used as support and resistance points for detailed trading strategies. - (1M chart) The most frequently referenced RSI indicators have been added to be drawn on price candles as RSI < 70, RSI > 30 indicators. Therefore, if the price is maintained above the 3014.05 point, it can be interpreted that the RSI indicator is in the overbought zone. Therefore, the 3014.05 point corresponds to the support and resistance zone. - The +100, -100 indicators are indicators that express the CCI indicator. The CCI indicator interprets the -100 to +100 range as a sideways range based on the 0 point. If it rises above +100, it is interpreted that it has escaped the sideways range and formed an upward trend. If it falls below -100, it is interpreted that it has formed a downward trend. Therefore, if it rises above the 3762.29 point, it should be interpreted that it is highly likely to form an upward trend. Therefore, if it rises above the +100 indicator point, you can conduct a breakout trade. - If you understand the concept of the above indicators, I think you can create a trading strategy with just these indicators. - The HA-High indicator is formed at the 3321.30 point, so the most basic standard is the 3321.30 point. Therefore, you should set the 3321.30 point as the standard and use the support and resistance points of the above indicators to create a trading strategy that suits you. The trading strategy may vary depending on your investment period, investment amount, average purchase price, etc. Even so, the HA-High and HA-Low indicators can be the standard for the chart, so you should consider the location of these indicators. - (1W chart) It is currently continuing to rise within the rising channel. Therefore, the key is whether it can rise along the rising channel. - The 3265.0 point and the 3321.30 point are the HA-High indicator points of the 1W and 1M charts. Therefore, the area around the 3265.0-3321.30 section can be seen as the standard for trading. Therefore, if it falls below the 3265.0-3321.30 section, it is highly likely that it will fall further. However, the 3014.05 point is the RSI < 70 indicator point of the 1M chart, so if the price is maintained above 3014.05, it is likely that it will continue to rise in the long term. Therefore, if it falls below the 3265.0-3321.30 section, it is necessary to check whether there is support in the 3014.05-3136.41 section. - (1D chart) Currently, the HA-High indicator of the 1D chart is formed at 3787.59. Therefore, in order for a full-scale uptrend to begin, the price must be maintained above 3787.59. - The +100 indicator is formed at 3523.09. Therefore, in the short term, it is highly likely that an uptrend will be formed if it rises above 3523.09. If not, the movement is likely to continue in the sideways section of the CCI indicator. - As above, you should look at the charts in order of 1M, 1W, and 1D charts, interpret them comprehensively, and create and modify your trading strategy by considering your average purchase price or investment period. Again, among the indicators on this chart, the most basic indicators for trading are the HA-High and HA-Low indicators. To find out the basic trend, you can check the movement of the MS-Signal indicator. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
ETHBTC Set for 3X Gain: Strong Support Levels & Bull Run InsightETHBTC is showing strong support at the 0.0477 to 0.045 level, presenting a significant opportunity for traders. This level could provide an excellent entry point, with the potential for substantial gains. If ETHBTC breaks below 0.046, the next confirmed support level is 0.0355, where there is an 80% chance of a bounce, especially with the upcoming bull run projected to extend until November or December 2025. ETHBTC is a crucial indicator for identifying alt season. If ETHBTC flip the 0.06 level, we could see a robust rally in altcoins. Historically, the targets for ETHBTC during a bull run have been a minimum of 0.09 and a maximum of 0.126 by late 2025. For more insightful analysis, follow us on TradingView to stay updated with our latest trading ideas.
Long
by Houseofcryptokings
Check for support in the 2nd sectionHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) The key is whether it can receive support near the Fibonacci ratio point of 0.618 (3548.07) and rise above the upper point of the HA-High indicator box on the 1M chart. If the price is maintained above the HA-High indicator, I think there is a high possibility of a full-fledged upward trend. Therefore, it is expected that a full-fledged upward trend will begin only when the price is maintained above the 3321.30 point, which is the HA-High indicator point on the 1M chart. If not, and it falls, you should check for support around 0.382 (2647.80). (1W chart) It has touched the psychological volume profile zone and is rising. The key is whether it can receive support in the 3503.68-3730.71 range and rise above 4093.92. If not, and it falls, you should check for support around 3025.27-3321.30. If the price maintains above 4093.92, it is expected to rise to around 4868.0. (1D chart) It should rise to the HA-High indicator box section (3570.0-4010.98) on the 1D chart. Accordingly, the key is whether it can receive support around 3570.0 and rise above 3903.61-4010.98. If the price is maintained above 3903.61-4010.98, a full-fledged upward trend is expected to begin. The 3025.27-3321.30 section is the HA-High indicator section of the 1M and 1W charts, so it is an important section. Since the price broke above this important zone with a sharp increase, if the price holds above 3025.27-3321.30, it is expected to renew the latest previous high. --------------------------------------------- (1D chart) Please refer to the HA-Low and HA-High indicators used to initiate trading and the BW indicator to verify them. We need to check if we can receive support around the current secondary range, that is, the 3570.0-3730.71 range. If you were unable to buy around 2817.0-3025.27, I think it would be a good idea to check for support in the 3903.61-4093.92 range and proceed with buying. The reason is that the HA-High indicator was created and a high point was formed. Therefore, the HA-High indicator point at 3903.61 can become a resistance point. From a day trading perspective, if support is confirmed around 3570.0, you can buy and sell around 3903.61. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto