ETHBTCI think it's complete 5 waves and it will have correction to complete wave B of D, so after that it will grows to up.
Ethereum-bitcoin
$ETHBTC 4HR Descending Triangle*see $ETHBTC 1D Breaking Point*
$ETHBTC looks to be in accumulation zone that is getting weaker by the day. Bick wicks on both the buy and seel side tells me indecisiveness, but the LHs and the LLs tell me bears are winning.
RSI trending under the 14MA, bit more bearish than bull there.
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
Take profit signal on ETHBTCA take profit signal has opened up on ETHBTC. If you had entered the position on the previous buy signal then here is a good place to take a percentage of that position into profit. How much depends on your personal risk profile. It is worth noting that BTC is also on a sell signal against USD so moving straight to USD might a strategy worth thinking about.
Ethereum - Next Price Target? Bear Flag Breakdown Begins!Hello Traders...
Here is my analysis for Ethereum.
First off just to update everyone, I am currently not in any trades. I am wary of market conditions and am waiting for BTC to show definitive directional bias.
Now onto ETH.
- ETH was recently trading in a Bear Flag formation. The formation was broken a few days ago, however price was still above the local support from the daily wick.
- Now that price has broken past local support, ETH is looking very Bearish.
But where will ETH possibly bounce?
- The next support level for ETH is at $2,750.
- Just below is major ascending trend line support at $2,695.
- Also the technical target from the Bear flag is almost exactly at the first support level. Isn't it amazing how that worked out!?
What do these 2 support lines so close together mean?
- The fact they are so close together means that there is a high probability of a bounce in that area.
- Think of support levels like a wall that you are trying to breakthrough with a sledgehammer. Now put 2 walls together, imagine how much harder it would be to breakthrough 2 walls vs one. It's the same thing for price trying to break through 2 support levels vs one.
- Also It's possible ETH could hit the first level, then wick down to the second level before getting a bounce.
- Either way we know that there is strong support in this area and the probability of a bounce is high.
When to enter a position?
***As you know nearly all cryptos follow BTC. This analysis could be negated if BTC has an erratic move. But as it stands this is how I would trade ETH.
- I would like to see ETH hit the level relatively quick, not a small move then consolidation, then another small move then consolidation.
- The quicker price drops, the bigger the bounce.
- So I'll watch for price to hit this level in the following days, more than likely I will enter a position at the first support level then add even more at the second level if it hits.
****I will post an ETH update in a couple days with take profit and stop loss.
Happy Trading *Patience is Key*
Possible Wyckoff Distribution for ETHBTCETHBTC may be forming a Wyckoff Distribution top here, on the back of renewed merge narrative that led retail to buy into the 3500 local top, followed by a return to dominance of macro bearishness and risk-off market outlook.
$ETHBTC 1D Breaking Point$ETHBTC got the nice breaking mid-March and has lost volume and momentum in "Upril".
Crucial point here with price at the .073 support and RSI at a trendline and midline level.
LONG ETHEREUM ✅✅✅Here I expect bullish price action as we have SMS+BOS+RTO Pattern, the price failed to break the last bottom, made a BOS (break of structure) and returned to orderblock.
ETH interesting patternKeep seeing sideways movement with a mini breakout followed by an actual breakout in the same direction. Im really hoping that ETH goes up, so hopefully this doesnt play out lol
BNB Trading Setup Road to 1000$ ?? Recently CZ tweeted about burning BNB and so it has shortened the BNB supply which will evenly increase the demand. Right now most of the crypto projects are based on BNB , so it is much likely expected the price to increase.
By the end if the market remains bullish then it can easily reach 1000$ mark.
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Lower third impulse wave, move up 4230On 4H TF
Seem the fourth wave hasn't done. It's been happening wave B before come to the fifth wave.
Besides, BINANCE:ETHUSDT has the invalidation level at 2500. Caution it!!!
Right now, ETH's still in ascending parallel channel to move up.
Wait and see
Entered Long ETHBTCEntered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:
The best course of The Major Player Behavior. ETH example Part 1I want to continue to share with you my knowledge of the behavior of the major players and who they are.😁
In the last example about Bitcoin, we considered a similar situation, now I would like to demonstrate this on another coin so that you also learn to identify such moments and fix them.
Right now, on the example of Ethereum, we see approximately the same moment, a small candle fixed exactly in the stops zone of a major players.
Thus, we can assume that in about 83% of cases the price will go up, since, as we mentioned in the previous tutorials, the stops of a large player in this case are equal to large buys on the exchange.
Best wishes
ETH Bullish ChannelWe see a Bullish channel here.
ETH can go up to touch the roof of channel again...
My next crypto trade (most likely)I keep my eye on the Ethereum / Bitcoin cross pair. There have been some interesting developments recently in the price action of Ethereum such as respecting Retracements exactly. The Ethereum market cap percentage is beginning to rise as Bitcoin is beginning to fall. It could be that Ethereum's price action will dominate the price action of the cryptocurrency market as a whole and unseat Bitcoin as the dominant driver. The most likely next trade will be a breakout from this tight range on the BITFINEX:ETHBTC cross pair. The trend on this symbol and subsequent trade opportunity will represent this shift in dominance.
$ETHBTC 4HR/1D Double Top$ETHBTC with a nice breakout, retest and bounce off, but failing to make new highs currently.
Losding the 8EMA (red) could signal the rejection. With this low of volume, I have less trust.
The Bitcoin – Ethereum Smart Money DivergenceThe smart money tool (SMT) divergence is used by traders to determine if the trend is getting stronger or weaker, which may lead to a shift in the market sentiment. If we compare Bitcoin (BTC) and Ethereum (ETH), we can notice that one is stronger and the other one is weaker.
However, this correlation is not visible to the naked eye because they seem to move in tandem.
Bitcoin – Ethereum SMT Divergence
Based on the coinmetrics data, the BTC-ETH correlation stands at 0.89, which is nearing all-time high values by historical standards. This means that there is a strong positive relationship between the two cryptocurrencies.
The SMT divergence concept can help a trader find short-term price discrepancies. If BTC and ETH have a strong correlation, the price should mimic the same price action. For example, if Ethereum makes a higher high, Bitcoin should do the same.
However, sometimes there is a break in that correlation, and that's exactly what happened recently. ETH's price made a higher high, but Bitcoin made a lower high. In practical terms, it means ETH is stronger than Bitcoin, so we can expect Bitcoin to sell more relative to ETH during the current pullback.
XRP LONG TERM PRICE ANALYSISXRP holders, I know a lot of you are hoping for XRP to hit $10-13 in 2022... After ZOOMING out, I've identified an interesting pattern that tells me why it won't happen JUST YET.
In this video, I go over XRP on a macro perspective, and explain why I think XRP will only hit $10-13 (4.236 FIB EXTENSION) in mid-late 2024, which coincidentally or not is shortly after the next Bitcoin halving will take place. I do think we will see a mini bull run to $1.30-1.60 this year, but not the huge run everyone's expecting. Everyone is calling for the SEC v. Ripple case to be settled this year, which to me is exactly why it won't happen anytime soon. It's going to happen when we least expect it... Sideways consolidation for now.
WATCH THIS VIDEO UNTIL THE VERY END IF YOU HOLD XRP
☑️ETHUSD: growth potential➡️ Over the past two months, Bitcoin and Ethereum have been consolidating, recovering from the November-January sell-off. At the moment, the cryptocurrency is strengthening against the backdrop of ongoing geopolitical events. This trend is likely to continue, and especially in the short term.
Technically, the price of Ethereum is now supported by the price area of 3190.90 - 3273.50 . In general, the price is still in the balance of 3190.90 - 3487.85 . The closing of the candle on this chart inside the balance will be a good signal to go long and the target of this trade will be at the upper boundary of the balance 3487.85 .
🔥 Ethereum Forecast Results 🔥
☑️ETHUSD: upward impulse 👉 +167 points ✅:
☑️ETHUSD: to the lower border 👉 +246 points ✅:
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👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
ETH/USDT Analysis Hi my dear trader
check my analysis
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share other traders
support & rasistance
☑️ETHUSD: to the lower border➡️ Cryptocurrency prices currently have limited growth potential, as the share of stablecoins in relation to the total cryptocurrency market is falling: instead of 10% , it is already 7% , Business Insider announced this.
Stablecoins are seen as cash that can be used to buy cryptocurrencies. The bank noted the recent rally in bitcoin and Ethereum , which began in early March.
As JPMorgan explained: “Sanctions against Russia have raised expectations that cryptocurrencies will be used more widely in the future to bypass the traditional banking system, given that they are not tied to or dependent on any government.” But now, according to the bank, the cryptocurrency rally has probably fizzled out, and we are seeing its end as stablecoins are rapidly declining their share of the crypto market.
Technically, the coin is trading at the resistance level of 3487.85 and is unlikely to be overcome by buyers. Near this level, a small balance was formed in order to go down. In addition, a larger balance is being formed with the boundaries of ~3273.50 - 3487.85 . This suggests a fall towards, 3273.50.
🔥 Ethereum Forecast Results 🔥
☑️ETHUSD: upward impulse 👉 +167 points ✅:
➖➖➖➖➖➖➖
👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
ETHEREUM Daily TA : 04.04.22As we can see the price is approaching to the $ 3700 target of the previous analysis and is trying to break the resistance of the $ 3500 (EQL) range! According to previous analysis, the current target is $ 3700 to $ 3900, the next targets are $ 4000, $ 4300 and $ 4620, respectively. (Targets will be updated) . Important Supports are : $ 3200 , $ 2900 & $ 2600 .
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.04.2022
⚠️(DYOR)
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