MATICMATIC is currently trading in downtrend.
We can see it at the price of 1 or even at 1.5 dollar.
For that it needs to break the trendline & also the resistance level of 0.8870 dollar.
Ethereum-bitcoin
Similarities to Wyckoff AccumHere's that image again as I am seeing it, it usually gets messed up when publishing a chart so I've saved it here:
Though this is not coming out of a downward move, the pattern looks incredibly similar to Wyckoff Accum Schema # 1, and just coming out of the Spring, moving towards LPS and then SOS.
We could see a strong move up for ETH here. I have shown some bearish outlooks in the past, this is a bullish one. Bitcoin Dominance is also looking bearish atm, while Other.d is looking bullish. Eth.d is a bit neutral however.
Lil more data on BTC and ETHAdding more to previous post
Did not notice the CRYPTOCAP:BTC DAILY $ FLOW - Kinda gross, really fell off.
#BTC RSI has been weakening for a bit, we've mentioned this few times.
#bitcoin is once gain testing the Green Mov Avg.
CRYPTOCAP:ETH RSI & $ FLOW, like BTC, is weakening.
Volume has been trending lower.
#ETH is still on an uptrend but it is facing pressure.
Weekly, #ethereum is still okay but consolidation is very likely.
#crypto
Please see profile for more data. More info there.
When Head Shoulders is done then Bullish | Long BiasOn 1h TF
OP closed below 2.227 that confirm to Head Shoulders Pattern with target around 1.93
But OP is supported by Ascending Trend Line so we have a good zone to buy around 2.1 first then 1.93 if OP still down more.
Wait for rejection and signal for Bullish come back
Here's What Needs to Happen Before I Grow Interested in AltcoinsTraders,
We've done great with 22 winning trades in a row, exiting just before this little pull back. I wanted to bring you a quick update to show you what I am waiting on before I grow interested in re-entries into my altcoins of choice again.
Stewdamus
ETHBTC: Support Zone holding for 7 weeks straight. Rebound closeETHBTC has completed seven straight weeks of trading at least for some days inside the S1 Zone, a supporting range that holds since May 2021. The 1W timeframe might be bearish (RSI = 35.095) but the 1D technical outlook is neutral (RSI = 46.177, MACD = 0.000, ADX = 25.760) and this reveals accumulation bias inside the S1 Zone. The 1W MACD is close to a Bullish Cross. We are taking this as an early buy signal and target and LH trendline (TP = 0.05900). Once the price closes a 1W candle over the 1W MA50, the upper Fibonacci levels should start getting filled one by one and eventually hit 0.08500 as the new Bull Cycle fully unfolds.
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HOT Future RoadmapHOTUSDT Weekly Chart-
These are just my thoughts on areas of significance. I feel like we're still in an accumulation zone. If bullish sentiment continues, I think we exit this area soon.
Maybe dips on New Weekly candle (Monday), will provide acc area for next leg up, if/when momentum continues.
Key areas of resistance: (Areas to take profit, areas that will provide potential pullbacks for safer entries)
Market is in GREED mode right now so best to be waiting and watching for opportunities to present themselves.
My goal is to share my knowledge to help regular folks like myself trade safer, and transition into the 10% of Market winners.
Thanks for your time! Please like and follow me here for more crypto analysis.
**Not financial advice, just my 2 cents.
ETH - 4H bullishEthereum has a clear chart in the weekly time frame, and we can anticipate ETH to rise at least to the upper trendline. In the daily chart, we can identify two bullish legs, the first with a minor pullback, and the second with a major pullback. Ethereum price has exceeded the resistance of the first trendline, and we expect it to rise after passing the second trendline.
💎 $XRP : The Price will Pump again ? (READ THE CAPTION)By checking the Ripple chart in the daily time frame, we can see that the price is trading in the range of 0.6045 and if the price can stabilize above the level of 0.5730 in the next week, we can still expect growth from this cryptocurrency, otherwise Considering that Ripple is below a supply range, selling pressure may increase and soon we will see targets below 0.5730! This chart will be updated!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
💎 $ETH : What a Bullish Move, Will it continue ? (READ CAPTION)As you can see, after the last analysis, Ethereum managed to continue its growth and hit the targets of $2050 and $2140! Currently, the very important support of $1,850 to $1,910 has caused the price to maintain its demand pressure, and if it succeeds in stabilizing above $2,070, we will probably see more growth from Ethereum, whose next targets will be $2200, $2600 and $3300 respectively! Currently, the resistance between $2,050 and $2,140 has prevented further price growth, and we have to see if Ethereum can break this important resistance or not! The efficiency of this analysis is more than 35% so far !
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
ETH/BTC Catch up time?ETH/BTC chart broken down into some simple key areas. We've recently had a double bottom as ETH has lost strength against Bitcoin, however for me it is clear that if the breaker block is flipped after such a strong reaction from the double bottom ETH is on its way to reclaiming strength against BTC.
The next level of major resistance would be 0.0625 area. After BTC's huge move recently and other L1's like SOLANA and INJECTIVE etc ETH has had a lagging response in comparison.
With profits from BTC filtering down the next obvious place would be Ethereum before some sort of mini alt-season if that's possible at this stage. Coupled with the news that Blackrock have just registered an Ethereum trust in Delaware ETH looks very strong currently.
ETH.BTC (Long Term Full Analysis)Hello Guys.
How are you?
I hope you are well.
let me say something frankly, it's NOT financial advice.
It's just a vision that belongs to me.
Please just see, think about that, and finally don't hesitate to write your comments.
Today I want to talk about ETHBTC
As you can see we are still in a bearish trend. because we always see a lower high in the chart.
First, I drew a trend line. As you can see, we had four hits on the trend line. It means this trend line is valid so much.
that's really amazing. it proves to us we can expect to see a reaction when the price touches this trendline.
That's really the best zone to buy ETH for the long term and hold.
I drew two support zones. the first one is around 0.04957 and it's really strong.
If you change the price from line to candle stick, you see there are four hits on the trend line.
So, this zone has the ability to push the price up.
although, I believe that the price will lose the first zone finally. Keep it secret, Please.
I'm waiting for the price to touch the second zone to buy ETH.
by the way, we have a flag, based on the flag's theory, when the price succeeds in breaking the low of the flag, A more optimistic approach would be to measure the distance in dollar terms between the pattern’s high and the base of the flagpole to set a profit target.
Also, we have a very positive reinforcement between this red trend line and the first green support zone.
This helps the price to stop dropping.
But if the price loses this zone, the next support zone will be active around 0.02688.
Let me tell you something different, I counted all the waves based on Elliot's rules. please pay attention to the below photo and tell me what you think.
I bet you can buy whatever you want at an amazing price. the rule of buying is being patient. and hold for the long term.
this is the main secret ...
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
And tell me what do you think?
Do you agree with me or not?
Wish you health and success
Sincerely Yours
Ho3ein.mnD
ETHUSDT Prediction.I have learned that most financial instruments including crypto move in cycles of three. I assume most of you traders would agree with this statement, however where and when do we start the first of the three movements. I have put an example in my chart. In my chart i have predicted the third movement in a three movement pattern. Guessing the first or even second movement would be nearly impossible. So I try and looking for places where it is obvious there have been two movements and put my trade hoping for the third! Please let me know if you agree or disagree with my chart?
Thank You,
Crazytrader11
ETHBTC Channel Down but how long before it takes off?The ETHBTC pair is trading within a Channel Down pattern on the 1W time-frame, with the 1W MA50 (blue trend-line) its key Resistance basically since the March 2023 sell-off. What's new though is that after this week's bearishness, it is approaching the 1W MA200 fast.
This coincides with the ETH's previous Bear Cycle bottom. That could be the test level before the price rebounds and really takes off breaking finally above that Channel Down. The current trend is bearish but you wouldn't want to bet on it too long.
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Market Update - October 6, 2023
Bitcoin and ether have another rollercoaster week: Following a pop early in the week as the US Congress narrowly avoided a government shutdown, bitcoin and ether were up and down, settling around $27.5k USD and $1,600 USD, respectively, by Friday.
Sam Bankman-Fried’s saga continues as trial starts: SBF’s criminal trial began this week in New York City. In opening statements, the defense argued that “Sam didn’t defraud anyone,” while the prosecution described SBF’s crypto empire as a “house of cards … built on a lie.” The trial is expected to last up to six weeks.
Ether futures ETFs go live for trading: The first ether (ETH) futures-based exchange traded funds (ETFs) were launched on Monday by VanEck, ProShares, and Bitwise Asset Management. The total volume traded on the first day of launch came in just under $2 million USD.
Judge rejects SEC’s attempt to appeal Ripple ruling: The SEC faced a setback this week as a federal judge dismissed its bid to appeal the highly publicized Ripple ruling that deemed XRP sold on public exchanges is not a security. XRP rallied over 5% following the news.
Hiring slows in September, lowering interest rate hike expectations: Employment data from ADP showed far fewer private sector jobs were added in September than expected, and the ISM Non-Manufacturing Index slowed slightly for September. Expectations for another interest rate hike in November now sit around 20%.
➡️ Read more here
Why ETH bulls are in danger...Hi Traders,
when will ETH hit moon? 🌔
Will ETH in general be able to hit new highs? Thats the big question.
Right now from technical point of view we have bad news for the bulls...
Here are some Short Indications and some points that can make hope...
Short Indicators:
1. Trendline Break - the long trendline was broken with massive Volume and movement on 17th August
2. Lower Highs / Lower Lows - as you can see in the chart we have now made a lower low and also the highs are frequent getting lower. Clear indication for downward trend
3. Moving Average - the price is below EMA200 which is a Short indication as well.
Hope for the Bulls:
But we have also some points which can make the bulls hope...
1.Support
The Zone at $1600 which is a massive support zone is still valid and not broken. As long as we do not break this zone this is quite good
2. Bitcoin Halving
As you might know next year the BTC will halve and mining rewards will half. Less supply with likely same ore even more demand will then cause massive rise of Bitcoin . If this will be the case then ETH will also likely rise - as 2nd biggest Cryptocurrency.
There is always be a correlation of Bitcoin and Altcoins.
Conclusion:
Right now ETH is technically hit. But as long as $1600 does not break there is a chance that a positive newsflow can cause a reversal.
If the $1600 breaks a short breakout trade would be a option to think of.
Wish you all good Trades!
Team tegasFX
Margin Bloodbath as BTC ImplodesHi Traders, Investors and Speculators of Charts📈📉
One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out. Why am I reminding you of this? Well, because despite the recent liquidations, we are still in a CRYPTO BULL MARKET.
Bitcoin recently dropped to around 25K from a previous 30K ish. This caused a significant drop in the value of cryptocurrencies across the board, but micro caps didn't plummet as hard. Traders lost an estimated $1 billion in liquidations in a 24-hour period. This sell-off was one of the most severe downturns for digital assets this year. And yet, according to the macro , things are looking extremely bullish for smaller cap altcoins. Most smaller cap altcoins have not plummeted as hard as BTC and the other top alts by market cap. This means that the liquidity could possibly go into micro cap coins next.
(Liquidation is when an exchange closes a leveraged trading position due to a partial or total loss of the trader's initial margin. This happens when the trader is unable to meet the margin requirements for the position, or when the price of the asset falls below a certain level. Margin trading is a type of trading where traders borrow money from an exchange to buy more assets. This allows traders to amplify their profits, but it also increases their risk of losses. The liquidations that occurred during the sell-off were caused by traders who were forced to sell their Bitcoin positions due to margin calls. A margin call is a notification from an exchange that a trader must deposit more money into their account to cover potential losses. If the trader does not deposit the required funds, the exchange will close their position, which can lead to losses.)
The Bitcoin price drop was unexpected, but so far the support zone around 25K holds well.
My strategy at the moment is the same as it was before this bloodbath; I won't touch BTC or the top 10 by market cap, especially not with leverage trades . Instead, I will continue to seek out under valued micro caps and accumulate for the next altrun.
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