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Ethereum-bitcoin

Ethereum/Bitcoin Spread Should Expand MoreFor those unfamiliar with this indicator, the ETH/BTC intraday spread is a great risk on / risk off barometer for the crypto markets. I was both right and wrong in my previous analysis. I was right that the last downward wave was shaped as an ending diagonal. However I was wrong, when I thought it would go lower when it was actually completed. I relabeled the count to match what we are seeing right now with the movement of both cryptocurrencies. As I am writing these lines, ETH is consolidating the large gains made over the previous days. In theory, there should be another upward movement so we get 5 waves up from the lows of this week-end. As a trader, this means you should focus on trading ETH because it has potential for more gains.
BITSTAMP:ETHUSDLong
by quantmaven
2
I Say 1000$ ; $30-40 is a very cheap figure.Seeing the future is not everyone's business. Don't say I wish I had bought it in the future, buy it now, add it if it falls. It is not investment advice. Install tp and stop. - - -The risk is twofold. The risk will decrease once the crypto gets validated. When the risk decreases, new riches will emerge. - - - -When the risk becomes too high, the price drop will come. - - - -Time reduces risk. - - - As long as you don't turn cash, you are not considered to have made a profit. Cash is what we can spend with a credit card. like $,€,£ When you spend in the future like bitcoin, ethereum, ethereum classic, you don't need to exchange for dollars. For now Visa and Mastercard are in tracking status. In fact, those who buy bitcoin at $ 65 thousand clearly in the future will not be upset again. The top of Bitcoin is not 65 thousand dollars. There is a high probability that we will see numbers close to 200 thousand as a peak. Here it will wait for a long time and fall. So when it starts to stabilize, bitcoin will drop. There is no such thing as stabilization in high-risk money. Of course, certain revolutions and innovations will be required for it to be 200 thousand dollars. Crypto Marketcap I expect 10-12 Billion$. Interest in Gold-Silver will gradually decrease.
Long
by TraderEtc
1
ETH - Important Support Level To HoldHello everyone, rouzwelt here Well it should be clear enough for everyone seeing the chart that ETH is now sitting at the critical support level, that's an important level for ETH to hold. after the double top that we saw few days ago in the chart which ETH has been rejected from and fallen to its critical support level. If somehow ETH manages to hold on to this level we can expect some uprise at least locally for some days. but we should be aware of BTC price action at this point cause that's the leading indicator for most of altcoins at this stage and if BTC falls then the whole market will follow. I'd like to point some good sign here and that is ETH at least is sitting above its local down trend line (yellow line), it had a fake out but right now is above it. Let's see what ETH does with its support level and position accordingly. You always wait for confirmation before opening a position, that's the key. As long as ETH is below its double top level, I wont open long positions, once we have clear sign of breaking above it with volume coming in simultaneously I'd be more than happy to go long. Have fun and trade safe.
by rouzwelt
ETH - What Next?Remember when MonoCoin said that ETH is moving on the edge? That edge was a key support level for Ethereum which held the price up for too long. Now that it's already broken, it's become very strong resistance area for our price range! And since we're already in a correction season, then it can cause a drop. You can buy or open long positions for now until it reaches that area, but be very careful because it might push the price down stronger than you think. And also about right now: there is one small resistance right where the price is right now, which might take a while to break. By the way, this new re-tweet option on TradingView is awesome! Current Market Price: $2015 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
2
Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks. With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range. Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Long
by peacefuljustin
4
Ethereum - LONG with low risk / high reward. an opportunity!Dear friends, Here we see the daily chart of Etherium. When in doubt, it is always good to zoom out to get a better overview without noise It is very important for Ethereum that the lower trendline holds. If Ethereum closes below this trend line with a close for the day we will very quickly see 1500 and 1200 USD in the picture. I would only trigger a stop below the trendline and then only with a closed day candle. Otherwise you run the risk of being stopped out intraday, after which the price goes like a rocket in the other direction, without the trader's knowledge. We also see on this chart a huge head-shoulder formation but the price has NOT broken through the neckline. So no bearish scenario yet! This will only start when the price closes below the neckline and not before! By the way, this head shoulder pattern can continue until the end of 2021. If the price breaks through the +3000 level, it will quickly return to the old top. Then there is the orange bullish wedge targeting the old top! This Bullish wedge is actually the failing head shoulder formation we see here. Targets: 2281 2894 The orange trend lines of the wedge and the descending trend channel. These are dynamic because the value is falling every day as these lines are directed downwards. Downside risk is low (you can place the stop tight under the neckline) as we are very close to the outer limit of the rising trend channel / neckline of the main shoulder formation. Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
14
Ethereum Breakout from wedge in a symetrical triangle. Targets: Dear Friends. Ethereum is currently doing better than Bitcoin. To the top, Ethereum can recover 100% versus Bitcoin 80%. Bitcoin dominance is decreasing and that is good for the ALTS. Rather, it means that the danger has passed (for the moment). You can see the 6 hour chart here and Ethereum has broken out of a bullish falling wedge to the upside. Target for this wedge is 2651. Even more interestingly, the price of Ethereum is moving in a sysmetric triangle with a target of 4000 USD. Several more patterns are forming, I will give regular updates on Ethereum. Targets: 2268, 2335, 2416, 2651, 3049 and 3438 Support: 2119, 2176, 2229 If Ethereum breaks above the upper triangle trend line again, we will get a new target of 4000 USD. Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
12
ETH Reverse Head and Shoulders-- LONGI think Ethereum is ready to buck this recent downtrend on the basis of a reverse head and shoulders. We've been trading sideways for a while in a compressing pattern and until we make a confident break of this sideways action, you have to expect that we will oscillate. In addition to approaching the recent local bottom of 2280ish, this looks like a perfect opportunity to form a reverse head and shoulders and force the bears to cover their shorts. TP1: 2630 (+9.3%) -- neckline of reverse H&S TP2: 2830 (+17.7%) -- higher target if we breakout above the neckline Published trade statistics: Win Percentage: 6/7= 86% Avg Gain on Wins: 12% Avg Loss on Losses: -20% Weighted Avg P/L % : 7.81% Pending Trades (including this post): 2 - Sultan of Chart *This is not financial advice*
COINBASE:ETHUSDLong
by Sultan_of_Chart
6
Eth Gaining Steam??Ethereum is testing a level of resistance above at $2651. This is a level as to which we have been alerting you for several reports now. We are seeing resistance here at this level and a retracement is likely. In fact we are seeing one now. We are seeing good support at $2556, confirmed by a green triangle on the KRI. If ETH has enough momentum in its favor, then this is the most we can expect for a retracement. If not, $2400 will provide support. It does seem that ETH is due for a nice rally however, and there is a vacuum zone above $2651 to $2800, which appears to be a significant upper bound and barrier to the $3K handle. The Kovach OBV is still a bit weak but definitely appears to be picking up.
BITSTAMP:ETHUSDLong
by quantguy