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Ethereum-bitcoin

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
ETHEREUM - Short at 8KEthereum - one of the major headliners in this "alt season' appears to have just passed the moon and perhaps now en-route to Mars. However ETH is surely the fat-lady-singing and the end of the party as Bitcoin is now looking very weak fumbling on cliff tops. It is not a long I'm interested in. But, if Ethereum can hit the same 1.618 fib as Bitcoin did and reach $8.3K I think it is a good short from there. The 2.272 looks far too far away, and I think price will hit a significant fib to find its top. Its risky but could be with excellent reward. This is also in tandem with Bitcoin collapsing (see my Bitcoin threads for details) and I think ETH can lose 90%+. Of course very good chance ETH does not even get close to my target, but that's ok. I will have a short sell order waiting just shy of the mark. Not advice.
BITSTAMP:ETHUSDShort
by dRends35
9
ETHEREUM - ETH - Correction ahead! See targets in my analysis!Hello traders, Here is a brand new analysis of Ethereum. It has been exactly 18 hours since I wrote that the target of 4000 usd would be met within a few days but it has already happened! Congratulations with Ethereum and the 4000 reached level! What is next now? We are seeing now many divergences on multiple time frames among others in the MACD, RSI, STOCHASTIC. We are also forming a DOJI on a daily basis but the daily candle has not yet closed so it is not confirmed. You can see also a bearflag. These factors and the 4000 level which make me expect a correction. To be more precise, I expect a pullback now to the levels 3500 usd, 3200 usd and 3000 usd. 3000 usd seems to me the ultimate buying moment but probably everyone is too negative and thinks it will go even deeper. I will wait with patience anyway because my style is buy low (with a discount) and sell high with nice profits! Right now I am short Ethereum with a stop at 4060 and first target at 3500 usd. Is my stop hit than I had a very small loss but a very good Risk reward! I will turn bullish again if we break all time high and come back with a RE-TEST of that level. My buy order is already placed at 3050 USD with a stop at 2790 USD and a target of 4000 USD. This is my own personal view on Ethereum and not investment advice. Always use your money management and stops when trading. Have fun and trade safely! See also the related posts from Ethereum because they are very useful! If you guys appreciate my posts it would be great to follow and like me! It motivates me to continue with these analyses!
Short
by PegasusTechCharts
8
ETH/BTC Mother of bullish formations - towards ATHThe first cup and handle almost reached the measured target and is forming the last part of the bigger rounding bottom. 3-years old falling wedge target in still play. Given how BTC.D dropped, the actual use cases behind ETH, bullish sentiment around it, value locked in DeFi and institutions starting to adopt it we might very possibly see ETH/BTC run to all time highs again. We should face resistance and have proper consolidation between the 0.5 and the 0.382 fib level. Putting things in perspective to USD prices, while BTC tripled the previous ATH, ETH still has room to further explode towards the upside. Keep in mind that the chart is on the weekly timeframe and does not take into account minor price swings. Good luck :)
Long
by MattiaPaccamiccio
ETHUSD pullback with Bitcoin rally?Here is a chart of ETHUSD with reference points that I have found to be significant in past cycles for the coin. With BTCUSD taking a much needed breather and retesting 48k after topping out around 63k, ETH has been on the move. This is likely the result of the awareness of alt coins growing and the current state of the crypto market. It isn't out of the question for Ethereum to come back down to test it's April highs within the next two months. There are definitely some important areas that bulls would need to defend to prevent this 33% pullback. Drop in price is healthy for most assets as it brings more enthusiastic buyers into the market. However, a drop below 3008 could cause ETH to have some problems. I believe that $4100 will serve as strong resistance as the psyche and evident exhaustion in this rally continues to set in. With all eyes on Doge-coin tonight, ETH could cause some problems for late buyers. The area I have marked as "temporary floor" is an idea level I would trade an ETH long from based on the current state of the market the volume distribution for the coin.
BITSTAMP:ETHUSD
by crawfordpaul
Ethereum classic ETC is forming a bullish falling wedge!Hello Traders, Here is a brand new update on Ethereum Classic ETC on the 30 minute chart. ETC is currently correcting on the huge rise of the past few days. It went too fast and too high and a correction inevitably follows. However, that correction is perfectly normal and healthy for a further rise in ETC with the all time high as the first target. We now have a new pattern and that is a Bullish Falling Wedge. I expect a pullback to 103 - 97 in this possible scenario. A breakout upwards from this falling wedge will normally show a re-test up to the upper trend line of the falling wedge. Then you place the stop at the previous low and we are likely to get another ride up. This is a hypothesis as it might go. patterns might fail. should that be the case and ETC drops further then we will have to assess at that moment what the structure looks like. Please also check out my other post about Bitcoin because it has a very important influence on the ALT coins. This is my personal view on Ethereum classic and not investment advice. Always do your own research before trading and apply stops and money management for reducing risk and maximize profits in the long run!
by PegasusTechCharts
13