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Ethbtclong

$ETH #ETHBTC Daily Technical Analysis - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's daily TA. Today the TA has been requested by the traders of School of Sparta, we are taking a look at ETHBTC on the exchange Bittrex to see if it a good point to buy right now or not. The equivalent to the Bittrex ETHBTC price would be on BitMex the contract ETHZ18. Against BTC value ETH has just had the worst months ever and the question right now is, will Ethereum bounce or will it fall even more? We will answer this question with an extensive technical analysis in the following. Using again, Horizontal support and resistance lines/zones, trend-lines, trend-angles as the main source of TA. Indicators are added at the end to confirm the findings. Lets jump straight into it. The first thing falls immediately in my eyes is that we have now finally found a pretty nice support zone, that we saw ETHBTC actually bounce from and not just have small bounce and then break down almost right after it. Seeing this, makes finally sense to start any kind of TA. After finally bouncing we have indicated a pretty strong buy-zone for ETHBTC. Within this buy-zone there have been multiple opportunities to LONG or BUY ETHBTC and sell it again with some nice small gains, especially with leverage. The selling points are basically throughout valid and are in the form of a horizontal support, indicated here with the dotted lines. Now, continuing to surprisingly very few trend-lines and trend angles especially on such a "big" coin. The lack of possible and obvious repeating trend angles indicates a lack of "staying" traders. It is more an indication that people hop in and out of it to make "a quick buck" which is not wrong, especially when we have such an obvious and strong "rinse and repeat" trading zone for it. I am teaching about rinse-repeat trades on our group of course, where and how to find it. Anyhow, the only very obvious trend-angle I was able to find was an downtrend which is actually valid since multiple months (indicated with the big red downtrend line). Everything has been bouncing up to it and then getting rejected. Now, we are in a position where we are very near to the downtrend resistance line YET not because of bounce but because of a sideway movement. Normally, (as we also see with a lot of coins) this boy should have crashed way before but is has not and it is going sideways, while staying at the same support buy-zone and just waiting for a move. This is what you normally would call "ACCUMULATION".. How does this accumulation work? Well, taking a look to many other markets, this type of price movement ends when the accumulating capital is "gone" (in the coin) and then everyone who has been accumulating starts pushing it. There you most likely see an impulse move upwards, followed by a small take-profit movement by the accumulators and then the next big impulse move by FOMOers and new people gaining attention to it. HERE comes a very interesting fact into consideration.. the flat price but constantly rising RSI from below 20 points all the way up to 50 points and even above. THIS is what you would normally call a bullish divergence, which then again is also and indication for a soon impulse move. BUT FOMO is showing sell and StochRSI is going down, why do you want to long? I would say, be happy that it is going down a little so you can fill your nice entry orders and then thank me later. Just because indicators are going down, you have to know in what case it is only for filling your orders and in what case it is actually trending down. In this case we have not a trend down but rather a hidden trend upwards. Is it already over will it moon NOW? Most likely not. Give it a few days and then lets see where the price is then.. as long as Bitcoin is not having another bigger move down, we will have a nice push on all coins upwards. So based on the TA above I am making a trade call of ETHBTC / ETHZ18 LONG (max 10x) Staggers - 3125 - 3100 - 3050 3015 Targets - 3215 - 3333 - 3600 - 4000 Stop Loss 2950 Long term and low leverage would be 5350 a good target. Should Stop Loss hit, it will most likely go to 2675 and bounce there again (long opportunity). Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
Long
by KongTrading
1
Ethereum - A Crypto Markets Catalyst?Ethereum has always kind of been serving as a catalyst for the altcoins market. And if ETH starts to move up, you can bet that many of the ERC20 tokens and some of the other altcoins will follow as well, and even faster than ETH. Volumes - if we look at the Binance chart, the place where ETH is most traded - is showing a climax bottom If a market arrives on a new low while volumes reach a new high, then this hollow has good chances of being retested , or even overrun. A climax bottom is almost everytime retested upon low volumes, offering an excellent buy opportunity. Also, we can see this kind of pattern happening before, creating an upwards volume curve before the storm. Stochastic - On the weekly, stochastic is extremely bullish. There is a lot of room for price to make up from its losses. If it can keep its price around 35000 Satoshis it will be a sign of an upcoming uptrend towards the 50 days moving average which is at 45k satoshis or even higher. But what is also going to bring the price higher is CBOE Launching futures contract in the upcoming months , a recent News that could bring new players into the game. Thank you for reading, leaving likes and commenting. My Website: blockchainfiesta.com
Long
by cyatophilum
ETHEREUM - END OF ANOTHER MARKET CYCLE? WHAT TO EXPECT NOW?The market cycle which started in the late March- early April with accumulation, is now approaching it's end with the final markdown phase. Possible reversal may occur here. A new cycle can start here with a new accumulation phase with a plenty of upside potential. On the downside, if it continues to fall then i see a support somewhere around 0.0498. If it pierces southward to this, the last zone of defense lies in the range 0.0436-0.400. Beyond that, it's a free fall territory. For those who have no idea about market cycle, read on. The Four Phases of a Market Cycle 1. Accumulation Phase This phase occurs after the market has bottomed and the innovators (corporate insiders and a few value investors) and early adopters (smart money managers and experienced traders) begin to buy, figuring the worst is over. At this phase, valuations are very attractive, and general market sentiment is still bearish. In the accumulation phase, prices have flattened and for every seller throwing in the towel, someone is there to pick it up at a healthy discount. 2. Mark-Up Phase At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes technicians who, seeing the market is putting in higher lows and higher highs, recognize market direction and sentiment have changed. Media stories begin to discuss the possibility that the worst is over, but unemployment continues to rise, as do reports of layoffs in many sectors. As this phase matures, more investors jump on the bandwagon as fear of being in the market is supplanted by greed and the fear of being left out. As this phase begins to come to an end, the late majority jump in and market volumes begin to increase substantially. At this point, the greater fool theory prevails. Valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are unloading. But as prices begin to level off, or as the rise slows down, those laggards who have been sitting on the sidelines see this as a buying opportunity and jump in en masse. Prices make one last parabolic move, known in technical analysis as a selling climax, when the largest gains in the shortest periods often occur. 3. Distribution Phase In the third phase of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months. When this phase is over, the market reverses direction. 4. Mark-Down Phase The fourth and final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold, refusing to let go in the vain hope of being rescued. It is only when the market has plunged 50% or more that the laggards, many of whom bought during the distribution or early markdown phase, give up or capitulate. Unfortunately, this is a buy signal for early innovators and a sign that a bottom is imminent. But alas, it is new investors who will buy the depreciated investment during the next accumulation phase and enjoy the next mark-up. Timing A cycle can last anywhere from a few weeks to a number of years, depending on the market in question and the time horizon at which you are looking. A day trader using five-minute bars may see four or more complete cycles per day while, for a real estate investor, a cycle may last 18-20 years. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
Is ALT-season near?BIG update on (BTCUSD,ETHBTC,LTCBTC and more)Today an update on 3 big players in cryptospace. I will talk about BTC, ETH and LTC, when will the alt-season start? This is my opinion… Not so much TA today, I would like to make a point on how I look at this markets using BTC as the main coin of comparison. BTCUSD: First of all I want to start with the most important one, BTC. So really nothing major has happened yet, we can see a 10% correction as reaction to our 50% uptrend of the last couple of days. Now BTC is trying to find support on several levels. Next big support level is at 7.45 level where our 0.382 FIB level is. As long as we don’t pass our uptrend level who could possibly be support line, I’m not worrying too much on BTC. I think that the area between 7.5K and 7.2K can possibly be another big support line aswell. When we would break down all these levels (chances very slim in my opinion). Than we could go back to our huge support level at 6.8K. At the moment the stoch RSI is telling us that we’re oversold so expect a green day tomorrow or the day after. BTCUSDLONGS: Another great thing to see is that more people are positive on BTC. More people are getting long at the moment. We broke back above our upwards trend line, which is very bullish. ETHBTC: A big downwards trend here, clear to see that BTC is outperforming ETH big time. We are now reaching an important support-line at 0.055. If we succeed to find support, we would create a double bottom, which would be a great foundation for the future. I’m expecting a small bounce at 0.055 which will be followed by a downtrend, my guess is that we’re not holding support at that particular level. My next target is at 0.047 . ETHUSD: We’re now on a huge resistance-line aswell, again I think this is too early, we’re not ready for a massive altcoin uptrend. We’ve broke our upwards support line which is very bearish. My next target here is 355. Although we’re in a huge oversold territory. ETHBTCLONGS: Very interesting chart aswell, this chart is showing how much people think that ETH will overperform BTC. (chart speaks for itself). LTCBTC: Interesting: we saw a 60% correction and we are reaching the oversold territory. Absolutely not the end, I expect a downwards trend to 0.0084, maybe to 0.007. LTCUSD: We’ve now reached a huge support at 76 usd. We’re nearing the oversold territory, could possibly see a small bounce at 76. LTCBTCLONG: Again same story, no one thinks that LTC will outperform BTC. Don’t see the point investing in altcoins at the moment, we’re nearing oversold territory aswell but should wait on this one. So we can conclude that the altcoin season hasn’t start yet and isn’t close aswell. I think that it’s great to see BTC-dominance go up to almost 50%, all the alts getting in the oversold territory. We’re preparing for the altcoin launch but we need first to go down before we can see a uptrend. I think we will see a downwards trend for the most coins for the next couple of days with BTC out-preforming the alts. I'm very bullish in long term for crypto in general! Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:BTCUSDLong
by cheynos
ETHWell, this is seriously suggesting a reversal. Is the third time this happen MACD about to cross SRSI oversold and getting into price dynamic zone BottomFinder giving a very Strong signal (thanks to "theheirophant truckloadtrader" for this. Please try his work) Coindetector also giving an important alarm to buy (Thanks to "CoinDetector" !! give it a try, very nice job) + ETH is above a huge support (blue line)... which is being backed by TDS with its "trade the 9s" method (that's why we see the price in yellow) Anyway TDS is yellow, and should be green as it was 6 days before.. but is still valid unless it breaks support. Volume is very Low, but from my experience that's a sign of market contriction, which could be followed by a breakout. Strongest resistance is EMA 55 (labeled on green)... if price break that level there could be a very solid uptrend. We wait this candle to close and watch the next one to confirm how are we going to operate... TDS must confirm the reversal. Anyway be prepared, everything is suggesting the Bulls are back and Cryptospace will fly high again. Educational only (Im learning) If you like my ideas, please hit Like, leave a comment, share them and follow me for more!! GoodTrade -CJ-
Long
by CristoJaraba
Ethereum creates a false breakdownEthereum is having a pretty tough time since Monday. The coin went from the 0.07190s to 0.06720s in two days almost without a correction. So, what stopped the move to the downside? Ethereum pushed through the horizontal support and even through the 161.8% Fibonacci key extension before racing higher as the bears were not able to close below the support levels. A confluence of two support levels managed to create a bear trap and allow the new traders to enter the market with an aim to push further the price to the downside. However, it seems that a lot of bulls waited for this level before entering the market and they are now in control, as far as the H1 chart is concerned. Watch out for a move higher to test the previous horizontal support around 0.06915 which also coincides with the 38.2% retracement of the recent fall. If, however, the coin returns lower and again pokes below the confluence of support, then there is a significant risk of the breakthrough and a major move to the downside.
Long
by WhaleAgents
1
ETH (and Really Most Big Coins) are About to MoonStep back for a second. Look at the bigger picture. We are sitting on a key support level with longstanding bull divergences in a number of key indicators and some pretty big hints about what the bigger players have in mind if you start looking through various Bitfinex longs and shorts. These days, I think people ought to strongly consider pairing their BTC analysis with a cross-check of the ETH chart. The ETH chart is just a little bit more honest about what's going on - heavily correlated, but without quite so many artifacts compliments of Bart Simpson. It's a different angle on the same overall story, with different indicators and analyses being clearer on either BTC or ETH. 6 month CME futures closed at the end of June. The next two sets of 6mo futures (September and December expirations) opened near the lows of April and July. So, if like me, you only really trust analysis in crypto that comes with a healthy dose of cynicism about how and why the gears turn the way they do, that's your clue about where the rest of the year is headed. The next bullish move starts very very soon. I'm an amateur and you definitely shouldn't take anything I say as financial advice. I'd be interested in any feedback.
BITFINEX:ETHUSDLong
by acatwithcharts
2
ETH is about to outperform BTC and a huge change in CryptomarketThe triangle formation is already set up, The ETH against BTC has been either strong or slightly strong against BTC -1.07% . The pattern suggests ETH to almost triple its value against BTC. Check out the volume shrinking and the symmetry of the triangle is nice In terms of BTC , if ETH triples in value that means the market dominance will be transferred to ETH from BTC. Suggesting a market dominant player change is already a big bet, but I am HODLing strong my idea. One major news might be that an official from CBOE just told that SEC's attitude against ETH was clearing a major obstacle against ETH futures . Remember BTC futures , made BTC run from 3-5.000 range to 20.0000 usd.
Long
by Baris_Sozen
1
Technical Analysis of Etherium (ETHBTC)1)Etherium is taking support at the 50% Fib. Retracement as well as on the short term uptrend line. 2)It will again try to break the 38.2% Fib Retracement level which will act as immediate ressistance and once it doesn , the next resistance is at 0.094096 BTC. 3)Once it crooses 0.094096, the next major resistance will be 0.123277 btc. 4)On the downside, if the minor uptrend line breaks,it may test 0.066103 btc level then the next support will be 0.054139 btc level.
Long
by sumeet007