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Ethereum-bitcoin

Altcoin Capitulation and A Repeat of August 2018In 2019-2020, I managed to nail the long term top for Bitcoin dominance. Here's the original analysis: Since I accumulated altcoins during the last bear market, I still did significantly better than had I just bought Bitcoin. Some of course did much better than others. But now that I'm scaling out of the market, my strategy is much different. I hold no more Ethereum, and if I decide to repurchase some crypto, I will wait until Bitcoin dominance is higher again. There is still the possibility of one more final low for Dominance, but I think time is running out for that to happen. I was also thinking crypto could make a run for Gold's market cap this cycle, but recent market movements have proven that Gold and Silver are still better safe haven assets than crypto. As Bitcoin loses its strong uptrend trend against other financial assets, crypto will need to prove that it's more than just about making money. A true crypto revolution would be born out of necessity, not out of excess. And this current cycle had a lot of excess. This is one of the major reasons I have become more bearish on this market. The analysis I've noticed some similarities in both charts and sentiment from back in 2018. I've been thinking about these similarities for a while, and as this consolidation drags on, they are becoming a bit more obvious. In July, 2018, people were still hopeful that the alts that did well recently would make new highs. That changed quickly the first two weeks of August, when many hyped projects dropped by 30-50%, even after many had already been down by 70% or more. Although already facing significant losses, crypto investors are still hopeful that some of these projects will continue to see new all-time highs. This confidence in 2018 was bolstered by the fact that ETH/USD was holding a higher low since the decline to the March 2018 low near $360. ETH seemed to be relatively stable above $400. Today, ETH is maintaining a weekly higher low, stable above $2300. Nevertheless, the NFT bubble has yet to truly pop (and yes, I believe it's a bubble). In addition, in 2018 Bitcoin dominance was slowly showing some signs of strength while Bitcoin itself continued to make lower highs. We're seeing similar market conditions today as dominance approaches the 50 week MA (red). Here are the ETHUSD chart from 2018 and the chart from today side by side: Here, you can more clearly see the bearish 9 EMA/50 MA cross (red over orange). Below is the same comparison with the Bitcoin dominance chart: The weekly MACD for Bitcoin dominance shows strength, even as it approaches the 50 week MA. In 2018, this breach resulted in confirming the long term bottom for dominance. Shortly thereafter, ETH began its disastrous decline from above $400 to below $100. Before breaking down, ETH held a higher low for roughly six weeks, and it seemed that the floor could be in. Although the market can still surprise me and reverse back to the upside soon, the bearish momentum seems to have really set in, and this appears to just be a momentary pause. ETHUSD price also seems to generally correlate well with ETH/BTC. When ETH/BTC is in decline, ETHUSD does not tend to do well. This also implies that Bitcoin is not likely to trend significantly up. It was actually the rejection off the 50 week MA for Bitcoin that set off the "Altpocalypse" in the beginning of August, 2018: Bitcoin was recently rejected just shy of the 50 week MA, despite maintaining weekly higher lows:https://www.tradingview.com/x/MUpAmLy9/ The TOTAL crypto market cap shows multiple rejections from the 50 week MA: Let's see what happens! Are we about to confirm a longer term bearish trend for ETH with the first new weekly low since last summer? There would need to be a pretty strong push up from markets to reverse the trend. Traditional markets might still have another leg lower before any significant rebound. Things are shaky out there! Whether you agree with me or not, it's very important to be careful these days in markets. Sometimes the best thing to do is nothing - and just let it all unfold. The pain always comes for those with leverage. This is not meant as financial advice. This is meant for speculation and entertainment purposes only. -Victor Cobra
BITSTAMP:ETHUSDShort
by VictorCobra
12
Ethereum Hits $3K!! 🤑📈Ethereum has finally reached our target of $3K. We blasted through $2965, after crossing multiple levels in the upper $2K's which had provided prohibitive resistance in the past. The Kovach OBV is strong, as is the Chande, which suggests that a retracement may be near. We will see how ETH deals with $3042. This is a major level and reltive high from which we fell at the very beginning of March. If we do break out, $3148 is the next target, otherwise $2852 should hold.
BITSTAMP:ETHUSDLong
by quantguy
1
GET READY! GALA could be ready to MOON! (Part 1) 🚀🚀🚀Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! GALA is gearing up for another bullish rally. GALA is under a symmetrical pattern and we can expect a higher rally soon. While symmetrical triangles can be aimless as there equal amounts of buyers & sellers, Bitcoin and Ethereum are regaining strength and both Gala Games and Sandbox have been displaying signs of strength (while many other crypto game tokens have shown significant weakness). The RSI for GALA has been trending up for the last 31 days and is only in the middle of its range; it has not reached anywhere near overbought. This further validates that there is more upside pressure in the price than downside. My goal is not to highlight a specific trade at this time, but to get GALA and SAND on your radar to start tracking them as they could have massive rallies in the very near future. ⭐ If you liked this content, please consider subscribing and giving it a Thumbs Up 👍. If you have any feedback or suggestions, please leave a comment below as I answer each comment. Namaste 🙏
Long
by TheUnbounded
4
Metal (MTL) Could we be ready for the real alt season?Hello Traders, Here is an idea on MTL. The price action seems to be breaking an important trend line here and could be ready for a nice impulse move. What you are looking for here is some volume to come in to make the upward movement a more likely scenario. Worth a peek. Of course do your own research but, here is an idea to help and some fundamentals below. P.S. I have posted a few of our private trades in the related links for you guys. Have a green week! Savvy -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- FUNDEMENTALS MTL Price Live Data The live Metal price today is $1.63 USD with a 24-hour trading volume of $30,566,597 USD. We update our MTL to USD price in real-time. Metal is up 3.81% in the last 24 hours. The current CoinMarketCap ranking is #367, with a live market cap of $108,833,600 USD. It has a circulating supply of 66,588,888 MTL coins and a max. supply of 66,588,888 MTL coins. If you would like to know where to buy Metal, the top cryptocurrency exchanges for trading in Metal stock are currently Binance, Hotcoin Global, Mandala Exchange, FTX, and Gate.io. You can find others listed on our crypto exchanges page. Metal (MTL) is the native currency of Metal products and an essential part of the Metal ecosystem. Sending and receiving any crypto to friends on Metal Pay is, according to the team, instant and feeless. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL. Additionally, Metal Pay users pay substantially less fees when buying other cryptocurrencies if they also hold MTL, with 0% fees offered to anyone who holds 10,000 MTL. Created with the goal of being highly useful and advantageous to hold, MTL has fueled Metal Pay and allowed it to become one of the few FDIC-insured on-ramps to cryptocurrency in the United States. On the Metal X exchange, users can reduce fees by paying the fee in MTL. Additionally, users can receive loyalty benefits for holding MTL inside the exchange. Metal (MTL) is currently a cryptocurrency token that operates on the Ethereum platform but it will become available on the native Metal blockchain: Proton. Launching MTL on Proton will open new on-chain utility possibilities for MTL
Long
by Savvythe1
HEX ,I wanna see this thing above....Current price is 11.1c Hex is in a descending channel . Middle line acts once again as support . The upper line of the descending channel is at 17,5c while the lower line is at 0,08c ... 17c-18c was also an old horizontal support area (now will be resistance) We wanna see this thing close above 17,5c on a bigger time frame like daily or even weekly candle close . If price manages to close above 18c the next immediate target should be ~23.5c ... Anything under 14.5c, but 17.5c is BEARISH really. Downside targets 0,085c 0,045c 0,015c
by Sam111
ETH/BTC at lower part of the range (Buy setup)ETH/BTC at lower part of the range (Buy setup) Context : Etherum is evolving wit h a clear outperfomance versus Bitcoin since the end of 2019. This ETH outperformance trend is since the last past 9 month in a pause within an ascending range (Yellow). Regarding the wave structure composing the ascending range we can conclude that the pattern is now or about to be finished and show an opportunity to catch a new significant bullish dynamic by anticipating a bullish breakout from this structure and at least a test of the previous top area in a common part scenario (Last upside leg before consolidation) +> NEws flow : More and more article are speaking about ETHV2 , it is more than probable that ETHV2 will be full operational one day but many people into blockchain tend to say it will not be for this year maybe.... So take care... buy the news yes but the technologie can take time to be released. Also Many regulation and supervisor are banning the POW mecanism in oreder to eraze the consequence of the mining so we can't ignore that ETHV2 will be not operational before a ban of the POW from many juridiction..... (Time to check HBAR : Hedera Hashgraph which offer a significant alternative in this context) Key Elements: - lower part of the ascending range is support - 233EMA is support whil the shorter period are mixed (Range config) - an ongoing divergence on RSI can be highlighted (bearish momentum exhaution) - Fibonacci multi level at 0,0595 Tactical View 3 to 9 Weeks Last upside leg - As long as 0,0595 adjust the weight of the ETH and BTC in the portfolio in order to reduce the BTC exposure.
Long
by JeanJean1983
1
ETHEREUM Daily TA : 03.07.22 $ETHBy consolidating above current price support (2500$) , the price can increase up to the specified targets that mentioned in below ! Important Supports : $ 2150 to $ 2550 and $ 1500 to $ 1800 . Important Resistances (Targets): $ 2920, $ 3200, $ 3700 . 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 📅07.MAR.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
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Long
by CountOnCrypto
ETH Bearish As BTC Drops ETH still appears to be bearish in my view. I would monitor the daily down close candle below where current price is. If we trade through that then expect to see a rapid sell off to $2160 as the first objective. BTC still hasn't convinced my that it's bearish. In fact - there is a lot of people talking about BTC is to go higher due to what's happen in Russia. Public sentiment is bullish - I think it would be a nice time to drop price while mainstream money starts to buy. Drop a comment and share your thoughts. I'm sitting on my hands & capital waiting for a hard sell off. I'm not rushing to invest, the market isn't running away so why chase it? - Maradona Capital
BITSTAMP:ETHUSDShort
by KnowledgeAndProfits