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Ethereum-bitcoin

"Crypto follows his routine" Ben MillerBitcoin in general follows his routine and the whole crypto eco system Like you see, we have made a nice support on the 200 Moving Average with eth/btc correlation, which would consider go back around 3700 dollar per Ether(under pic) and going dominate BTC in the long term. What suprised me is that Bitcoin always follow his routine and never follows people their opinion or FUD like they're saying every year" Bitcoin will be banned in China". China pays US newspaper to scare people so after they can buy more in the dip and let people dive in(more liquidation) . Those misinformations are just here to stay to scare you out. Even when people fomo'ing, Bitcoin will always follow his traditional routine. Like, share and follow.
Long
by price_action_bars
ETH ConsolidatesEthereum has caught support from lower levels and looks to be setting up a nice base. We did see resistance from $2980, so it is not quite ready for the $3K handle yet. We are seeing support from below from $2659, a technical and Fibonacci level. There is a vacuum zone above to $3500, which is also a psychological level. The Kovach OBV has picked up, so hopefully this means ETH is gearing up steam for a breakout attempt. We should see support at $2131 if things go south.
BITSTAMP:ETHUSDLong
by quantguy
ETH correction continueThe correction definately follow BTC down move and drop like a stone, same as all the Altcoin. Will see if the previous congested area as highlighted will be able to contain the freefall and start forming some base. Trying to catch a bottom is like catching a falling knife, it is easier to get hurt than anything. Suggest to keep your prespective for long term and aim to buy some ETH at a discount when market is panic selling to force out all the leveraged traders entered into the crypto market since this bull run. Will continue to wait and be patient for now until market settle down. Good luck trading!
BITSTAMP:ETHUSD
by SundayFX
Ethereum Rebound to 3700 in trend channel - See it!Dear traders, A picture says more than a thousand words. You see here the hourly chart of Ethereum and we have just made a double bottom, reached the bottom of the trend channel and are heavily oversold. It's time for a short recovery in my opinion. Prices never go down in a straight line but they do go down in a saw tooth pattern. Let me be clear, I am not bullish anymore for this moment on Ethereum but for the short term I see a possible rebound to around 3700 / 3800. As a trader and investor, I believe more in the value of Bitcoin. Simply because the circulation is limited to maximum 21 million coins while with Etereum it is unlimited. Yes there can be mined coins as much as they want. One can just change the algorithm there. Not with Bitcoin because the maximum is already known. What they do is halving Bitcoin every 4 years. You can read about it on the internet. It means that the degree of difficulty is doubled. This means that mining can continue for a very long time with very powerful and expensive equipment that quickly becomes obsolete... That mining is necessary to validate the payment transactions on the blockchain. Because it takes more power each time to mine, Bitcoin does need to get more expensive to get out of the cost as a miner. I know this because I was a miner myself but changed because trading is better and less risky. If Bitcoin starts to rise faster than the ALTS we are also going to see a correction in those ALTS but that all remains to be seen. That is the Bitcoin dominance. It is important to trade what you see and not what you think! Patterns change all the time and you need to adopt you to the new situation. You need to be able toswitch from long to short and vice versa without hesitation. This market is volatile and goes fast up/ down. Don't run behind prices because often you are too late. Better plan your trades at the lower boundery of trenchannels for longs and simular techniques. Than you can make better profits with less risk. Risk management is everything! Traders, this is purely my personal idea about Ethereum /ETH and not an investment or trading advice! As a trader you should always do your own research and protect your capital with money management. The famous 1% rule or you risk to get to a zero account. With the 1% max loss per trade rule you can trade for a very long time. Do also not overtrade! If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates. Wish you all great and safe trading with lot of profits! Take care!
Long
by PegasusTechCharts
29
Bitcoin Expected higher prices - check out why!Dear traders, Here is a new update for Bitcoin on the 2 hour chart. As you can see, my previous head shoulder formation came true exactly. Also the small head shoulder formation in the descending trend channel have been perfectly met (target1). How is Bitcoin doing now and what can we expect. Currently we are in the process of forming a mini inverted HS with the neckline of the turquoise H-S at 52627 as the target. Important is to be constantly alert for the formation of a new structure, patterns, divergences etc. So for the moment I am LONG on BTC until 52627. The reasons for this position: 1 We see a positive divergence in the RSI (4 hours chart) 2. The falling trend channel has been broken. 3. The targets of the 2 previous HS formations have been met exactly. A rebound to the previous important key level at 52627 is thus very possible. Please note these are hypotheses, my personal view. Everyone has their own view on the charts and that is perfect. That's why there are bulls and bears. The balance in the market. I don't see the price going higher than 55000 before we can expect another wave down. Important: If the price of Bitcoin drops UNDER 46000 then the older lower target will come back into view! So keep that in mind! A closing price of the day candle below 46000 is bearish and continuation of the downtrend! A closing price above 55000 is a possible scenario towards the old all time high, a double top or higher targets after breakout above the All time high Traders, this is my personal view on Bitcoin, No trading advice. Always do your own research before trading and at least use stops and money management to limit your risk. If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates. I wish you lots of profits and above all safe trading!
Long
by PegasusTechCharts
5
Internet Computer (ICP) Have we found a Bottom? Can We hold $237I know Internet Computer (ICP) caught many of us off guard before and after the Coinbase release. I woke up this morning and It's already a top 10 cryptocurrency. Classic signs of a pump and dump. It seems like we've may of found bottom at $237 which would put ICP as of right now at an all time low. May not be a bad time to accumulate at these prices. Like everybody else I'm wondering if we still have more room to drop further down. I'm keeping a very close eye on Internet Computer we may have major upside back up to ICO release prices. According to Coinbase in a nutshell: "The Internet Computer is the world’s first blockchain computer that scales smart contract computation and data at web speed." This is suppose to facilitate and support the DeFi movement. Keep a close eye on ICP.
COINBASE:ICPUSDLong
by peacefuljustin
Ethereum ETH - We are going to 2625 see why!Dear traders, Here is my view on Ethereum ETH which is in the process of forming a head and shoulders formation. The target is at exactly the old top in April. At this moment you see the right shoulder is being formed. Keep in mind that H-S patterns can fail but then that is a perfect indicator to go long because the price then goes explosively in the other direction. Given the charts in Bitcoin that I have posted, this scenario could very well come true. To help everyone out of the dream. No is not nice and many will not agree but It's great to keep setting higher and higher targets but let's not forget that 14 months ago Ethereum was at exactly 86 usd. Yes indeed 86 usd and I hade them in my wallet. We have now hit 4372 as the top. That is as much as multiplied by 50 or in other words 5000 percent in over a year's time. What can I say more. We want 10000 percent by end of this year? Please share your opinion why you think we are going higher or lower! That is indeed a very interesting discussion! I will come back also with updates on Ethereum when important things change in the picture. Dear traders, if you appreciate my analysis it would be very nice if you would follow me for updates and give me a thumbs up. It motivates me to continue with these analyses.
Short
by PegasusTechCharts
53
ETHEREUM Short - Top or RetracementI'm currently in a short from $4150. See my previous ETH thread for details. Now the next question is whether this is a top or a retracement. For now price needs to make a lower low LL below $3500 to really show a downtrend. If it gets there then I will consider price to be at least in a Primary wave correction. As per Elliott Wave it is very common for a 5th wave correction to retrace back into the territory of wave 4. So if a downtrend is on then the correction could find its way back to the $2040 - $1293 range. If price has topped however, price could go much lower. I would be targeting the 0.5 fib $595 to the 0.618 $371. For now price is yet to pass first hurdle and I'll just watch and see how it behaves. If it could even get to the previous wave 4 that would be a very tasty short. Shorting is very aggressive. I don't recommend it. This is as much to hopefully show some skill. Not advice.
BITSTAMP:ETHUSDShort
by dRends35
12
Ethereum - a roadmap with possible scenarios - H-S formations Hello dear traders, You see here the 2 hours chart of Ethereum. A few things have happened that is why I am doing this update as Ethereum was in a perfect upward trend channel until last night. Ethereum broke the ascending trend channel downwards and that in itself is a sign of trend change. Next to that we also see a head shoulder formation (Blue) where the neckline has already been tested. I have not taken the candle wick into account but the purple one has. There the neckline has not yet been broken. If this purple neckline breaks, we can prepare for 3256, 2996 and 2834 USD. Targets for the main shoulder formations are the following: Target 1 - 3260 Target 2 - 2834 Target 2 is my favorite place to go Long on Ethereum. The resistance and support levels are: All time high 4375, 3827, 3521, 3526, 2996, 2834 and last but not least the crucial level of 2637. Dear traders, keep a close eye on these levels and because the market is so volatile there can be violent upturns that can lead to losses It's all moving at lightning speed but above all remember that patterns take time to develop. Patience and sitting on your hands can bring you a lot of profit. This is my take on Ethereum and not investment advice. You would do well to take a close look at everything yourself before taking a position. If you guys appreciate these analyses please follow me and give me a like. I am also completely open to discussions. The idea is that we all benefit from a down or up market.
Short
by PegasusTechCharts
2
Strong Correlation with Market Brings Crypto SouthStarting from March last year, that is from the start of the massive bull after COVID-19 lockdowns, strong correlation can be seen between the crypto market and the stock market, not in magnitude, for sure, but definitely in direction. This wasn't the case before and this is the reason of the crypto revival to begin with. Few exceptions have been witnessed, most notably the GME squeeze which brought the stock market down but didn't affect crypto, and the recent BTC saturation, even if the directions can still be seen to be correlated. Another notable thing is that the recovery of the stock market is much faster than the crypto market. For the above reasons and based on what's going on right now (also see the linked ideas), I expect a south direction for all crypto assets till the end of the month, including Ethereum.
COINBASE:ETHUSDShort
by MontyMacht