Ethereum-bitcoin
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 ❤️
Ethereum crashes with other major cryptosEther prices fell to their lowest in more than three months on Thursday, plunging below $3,200. The recent crypto crash has affected many other major cryptos including Bitcoin, Solana, Cardano, XRP, and Dogecoin. Ether also fell against Bitcoin, dropping to 0.076639 on Friday.
Why are cryptos suddenly crashing? In an effort to deal with rising inflation, the Federal Reserve’s minutes revealed on Wednesday that a tighter monetary policy is on the cards in 2022. Expectations for decreased monetary policy support and higher interest rates instantly hit global risk assets, such as stocks and currencies.
Will Ether plunge to $3000 or even lower in the coming months? 2021 was a great year for Ethereum, which hit record highs. Moreover, let’s not forget that the major metaverse tokens like SAND and MANA all run on the Ethereum blockchain. This is a good sign for the second-largest cryptocurrency. However, the Federal Reserve’s intention to normalise interest rates could potentially challenge cryptocurrency prices even more in the near future.
$ETH 3D Chart is Printing MASSIVE C&HCryptocurrency is on the verge of MASS global adoption with large amounts of money pouring into the ecosystem as a whole. The Ethereum 3D chart is a technical masterpiece with a clear cup and handle printing.
Below average volume at the base of the cup (circled in orange) with declining volume on the downward consolidation at the formation of the handle checks all the boxes needed for me to be bullish here. Measuring out the depth of the cup, we should expect close to +138% upside from current price.
For an additional twist to this chart I overlaid a fractal that I have been tracking that plays perfectly to the measurement of this C&H.
My price target is $9500
-PennyBags
HEX is losing steamHEX shows double bearish divergence on 4hr and daily,and on smaller time frames triple bearish divergence (price with higher highs ,RSI & DMI lower highs)
DMI 2h ,bear line is already above bull line with ADX completley reseted for a (bear) run
1hr ,2hr 21 EMA already sloping down : its not the sign of fit & health
RSI on 2,3,4h already under 50 ,bears are in full control
1.As long as price stays above 0.275-0.28c ,no worries ,there`s a decent chance price will go to at least 0.35-0.36c
2.Once price starts to close under 0.265c target is .23c
3.If price goes under 0.18c ,then we should meet our final target : 0.085c (-60%)
Remember ,price action reflects supply & demand ratio in the end of the day (and thank God in hex theres plenty of supply lol) and TA helps take EDUCATED GUESSES,nothing more.
BTC ROI since ATH - Forbidden chartsIt's no fun to take note of the momentum and direction of price movement since the previous ATH. Down. It's the only way if not up. Unfortunately.
If it holds, we have a long bear market ahead yet still. Let's hope my previous predictions hold true. Long. We're gonna have a great 2022. Just can't get liquidated. :)
I set buy-limits, moving into more cash in periods of frenzy. Looking to sell when the market moves to higher volumes for liquidity.
Eth drop to 3230The break down from a 6 month channel is very likely to play some more downside for ethereum.
there is confluence with the volume profile point of control at 3236, 200 daily MA and measured move from a bear flag.
if that support fails, then 2800 will be the next major level of support.
Either levels are candidates for points of reversal to the upside.
Ethereum at its last supportLike I've been warning for weeks in a row, is now unfolding. Bitcoin and Ethereum are dropping hard and both are at their last local support. We are 2 days away from the options expiration on dec 31st and market makers are preparing for it. Ethereum is especially in danger as its max pain price is at 3200. Luckily bouncing back from 2500 where it was last week. We have a small expiration tomorrow with max pain at 3800, could they take to 3200 on dec 31st? Well, why not?
And even then, we still have a technical target at the 2800 zone where a lot of liquidity is waiting. We will have to see how the first 2 quarters of 2022 will play out because we are nowhere near a long term bottom on both Bitcoin or alts. Take off the green glasses backed by your inflation story. Market makers made tons of money in the last years, last thing they need to worry about is inflation. Supply is dry on exchanges and inflows are increasing especially on the CME, where big sell offs are currently unfolding on both ETH and BTC. Institutions dont have a moonboy mentality and taking massive risks, especially with a green stock market on the other side to their disposal.
Trade wisely and manage your risks - you're too late to go short and too early to go long - where are right in the middle of a chop zone - don't get caught out.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.