SMC !! BASED ETHEREUM (ETHUSDT) 1H IMBALANCE FILL SCENARIO 1/2As you can see, ethereum created an institutional imbalance (IB) that it has to fill, if it doesn't complete the double top scenario:
It will therefore rise to 2.56k before dropping back down to its recent bottom at 2.32k and then taking its way down to 1.7k:
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
If you enjoyed this post and agree with me, a like and a sub would be very nice : )
If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️
Stay updated for more content
Have a nice Day : ) Bye!
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Ethereum-bitcoin
BINANCE COIN - SELL ZONE. BUY ZONE.Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy.
The bigger picture is showing us an expanding flat correction and we're currently in the C wave.
SHORT Trade Idea:
- Watch for price to reject the fibonacci levels in our sell zone
- Enter with stops above the rejection
- Take profits around the 230-260 area
BUY Trade Idea:
- Watch for price to come to our buy zone
- Enter when you see bullish price action
- Stops below the lows
- Targets: 650, 880, actively manage the rest
Let us know your thoughts below!
DON'T IGNORE THIS ETHEREUM CHART!Hi everyone,
I figured it would be a good idea to share this find with the community. I'll explain below what I'm seeing:
RSI - Matches the same pattern as Ethereum during "consolidation" in 2016 before the euphoric 2017 bull cycle
MACD - Oversold levels not seen in years
Duration of Consolidation - As you can see, the duration of the phases circled in white both span about 90 (270 days)
Retracement - Both ranges circled in white had similar pullbacks of about +50%
Bull Market Support Band - Right before the start of a new bull phase in 2016, the PA trended below the BMSB before breaking out (we are currently at this point when comparing the two)
Obviously this isn't to be taken as FA, but it could be a very unique and rare opportunity to enter the market/add to your position as a bull/long term holder.
Let me know your thoughts!
Twitter @illusivetrades
Two similar scenarios in EthereumToday, we will look at the 2nd most important cryptocurrency in the world.
The logic I'm using here is: What are the characteristics of the current movement?
60% Decline / 250 days of drawdown / Kind of an ABC formation
After defining that, I changed the configuration to logarithmic to look for similar scenarios in the past, and I found 2 in 2016 and 2017. Both share similarities in terms of decline, duration, and shape. So if we are able to understand the transition on those two scenarios towards the beginning of new bullish movements, then we may be able to get ready to develop trades if everything is aligned with our filters.
My objective right now is to study those two and see if I see a clear pattern I can follow. This was a simple post that may be useful for those looking to create swing opportunities using historical data as a reference to understand WHAT we want to see.
Thanks for reading!
ALERT Ethereum Deathcross ApproachingEthereum is closely approaching the dreaded deathcross event, where the 50 day sma crosses under the 200 day sma. When this popular indicator lights up, we now the bears have been pushing price down hard in the previous weeks. The fact is though, if you're trading for more than a few weeks, you already know this! :_0 It's been a painful year so far for HODL'er's around the world, for sure.
On a positive note, ETH bulls have previously come out to support price and reverse momentum before or immediately as the moving averages begin to cross. Unlike LINKUSD, BTCUSD, and ADAUSD which are struggling to reclaim ground and trigger a Goldencross event, the bullish side of this indicator. eg, August 2021, November 2020, and multiple other times in 2020 before that.
If Ethereum fails to trade above the 200 day ema, it could be a signal of weakening support for Ethereum, and more generally could indicate we haven't found the bottom yet. A disaster for the market as a whole. Similar to many coins though, ETH has just pulled away from a nice W + retest pattern in the 4h charts or otherwise arguably a reverse head and shoulders. Either way, generally a bullish signal for day-traders looking for good opportunities to go LONG. A retest of the 3150-3200 levels should be expected in the coming days, once we find the resistance for the day. Decent candidates range for resistance is $3280-$3300, which align with VPVR and the lower market support band that currently acts resistance, since we started trading in bearish territory back at the start of the year.
FIB golden pocket is at 3050-$3100, which acted as significant support as we dropped through December, all the way through to this morning when we pushed off from it, up %5.5 at the time of writing.
$3450-$3500 will act as strong resistance, which we will need to overcome if we don't want to return back for a retest of $3000 before potentially heading much deeper into what is pretty clearly a bear-market environment.
If momentum continues, market makers will reclaim liquidity left behind at 3500, 3800, 4250 in the coming weeks. The pull back for over-margined LONG traders will have been painful, for sure. It will also have proven to be a excellent opportunities to accumulate ETH.
Don't get liquidated my friends! Make sure you have sell into strength, as prices rise so you can have your buy-limits set up and profit from the volatility, not lose your mind!
ETHEREUM FALLING WEDGE - HUGE POTENTIAL BOUNCE! ETH - ethereum had a really nice rally but as always there is a time to calm down and gain some strength before the new rally. We are approaching a really nice trend line - support that holded us for a really huge period of time! Will it hold again and give us huge gains?? I am so bullish on eth if we touch our support line - trend line ! Patience and buy the DIP! Patience is the 80% of Trading!!
CRYPTODROU
Happy Trading
ETH/USD Vital Support ZonesWe are looking at the 3 Day ETH/USD chart. ETH/USD has shown weakness after falling out of midterm ascending channel. Downside targets call for prices around the $2400.00ish area. $2,700.00 macro support level could be an area bulls attempt to defend. At least an area for a short term long scalp or close short term short positions. Further downside price targets at $2,000.00 and $1,750.00 as last line of defense for bull market continuation. This is not financial advice. Happy Trading.... Don't get rekt...
ETHEREUM FOLLOWING BITCOIN INTO A HEAD AND SHOULDER PATTERN ???As we can see bitcoin is forming a head and shoulder pattern. And we can also see that Ethereum is following a very similar pattern.
We are currently in a bull trend at the second shoulder base which will reverse at around 3400 to undergo a correction to complete the head and shoulder pattern.
The course of Ethereum could still go completely differently from my prediction.
"this is not an investment advice"
ETHBTC SCENARIO TREECOINBASE:ETHBTC
There are too many scenarios at the moment I know it looks a bit messy but if any of them start to play out trendlines and fib levels should play an important role in deciphering which way we break.
Which ever path ETH takes, there are interesting synergies happening in the chart, where long term trend lines are converging with short term trends as well as EMA and SMA.
I have given short term targets as well as some long term down side targets. If we look at the entire picture of ETHBTC we could form a classic cup and handle and still be bullish on the longer time frames. The interesting part is that the bottom of the handle could correct down to 0.43 to 0.5 fib levels and still validate the pattern. Which would put ETHBTC at 0.040. Considering this ginormous potential mid term downside, the answer to the question is ETH topping out around 0.1 against BTC might depend on how bullish BTC will be.
In this way it could shape into an ascending triangle as well. Which is a bullish pattern.
Consider this, BTC in the coming 2 3 months puts another ATH however starts dumping shortly after. During which point ETH is late to dump and thus reaches 0.1 BTC for a brief moment. When BTC takes its time patiently, ETH could retest those lows of 0.40 first before blasting out of the cup neckline and over 0.1 BTC.
Or on the flip side, BTC prints new ATH, decides to surprise everybody once again and doesn't dump a third time and pumps over 100k. Then ETHBTC would surely not fall below 0.55 lows, and depending on when BTC starts its next run, ETH might not put another low below even 0.75 BTC.
Its all a bit messy, but if you follow the chart as the days go by, the scenarios do start making sense.
Please comment your ideas, and check back how my previous scenario analysis played out
Cypto TOTAL market capWith all eyes on the crypto market there is a large amount of volatility in the market, therefore it is difficult to predict what will happen.
In my eyes we just hit a strong key level, which will maintain its ''power'', however with the 0.5 on the fibonacci and the 200ma acting like resistance it is likely that we will have a bounce back to the ''strong'' key level. When the time will come we will probably have a big sell-off and have a bear-trap which will result in a lot of fear in the market, however the whales will be able to make sure that we stay in bull-run.
I hope this helps and that we stay in the bull-run.
if you have any tips or tricks please let me know, I am a beginning trader and there is still a lot to learn ;)
Institutions in CryptoHi!
During every market selloff when fear is great there are also good opportunities to those who are not controlled by fear.
Wanted to point out one of them. This could be one of the most exiting projects in Crypto this year.
Side-note: I am holding their tokens since public sale and I'm bullish on that project. This chart shows pretty well
how I like to operate in Crypto markets and you can read about it from my previous post:
Recent market selloff has brought QRDO price down and to me it is in buy zone (I have long-term view).
Basically they are providing the most secure custody for digital assets and they are mainly targeting institutions. But regular people
can use their solutions as well. I'm using their wallet to store QRDO tokens and everything works like clockwork. In addition to that,
simply just holding your QRDO in their wallet will earn you staking rewards 10.1% APY.
I have been with this project since their public sale (July 2021) and I'm very happy how this project is developing. Few months ago
they had 10k Twitter followers - currently it has grown into 47k (social engagement is good).
They have made partnerships with some of the biggest names in Crypto: Coinbase, Figment, Metamask Institutional and Ledger Prime. They even have exposure on
country level as they are providing infrastructure for El Salvador to power Bitcoin banking solutions.
Quote from Bloomberg (06.01.2022): "Security concerns - not volatility and regulations - are holding investors back from Crypto." But institutions
are coming, it is inevitable. And QREDO is ready - in terms of timing and product market fit.
Currently they have quite low market cap, approximately $168 million. As I see their valuation in billions then still lot of upside potential
remaining.
As always, DYOR (do your own research), I'm just pointing out that trading/investing idea.
Thank you and enjoy your trading :)
ETHBTC Horizontal Support & Resistance LevelsWatch for price action signals at these horizontal levels.
Ethereum Daily TA : 01.09.22 : $ETH As you can see in Daily chart of #ETHEREUM , we see that yesterday the price broke its first support range and today is stabilizing below this level, the next bearish target (important support) is in the range of $ 2700 to $ 2900.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️