💡Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0411). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin ETHBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.04320
TP2= @ 0.04500
TP3= @ 0.04750
TP4= @ 0.04970
TP5= @ 0.05150
SL= Break below S2
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Ethereum-bitcoin
ETHEREUM - CRASH IMMINENT? | BEARISH ASCENDING WEDGE + TARGETS
Bitcoin alt coin decoupling may be happening however market direction is still preserved with the magnitude differing
Hence, since bitcoin is bearish (see idea linked below) and the ethereum chart itself is bearish, it is looking like a crash is imminent
Given the ascending wedge, a breakout out of this formation will trigger the collapse and begin the journey down towards the price targets
We have a minor 61.8% fibonacci swell as a major 61.8 fibonacci
The major fibonacci zone forms confluence with the healthy median trend line dating all the way back to the lows of 2020 and has been tested multiple times
Therefore the first fibonacci target will be a short term target with an expected overall target as the second fibonacci with the trend line at approx. $700
Price may wick or settle even lower at the major volume support zone at $600 but a wick is more likely due to high demand rejecting consolidation here
ETHBTC Time for Ethereum to cool off?The greater pattern of ETHBTC has been a Triangle since mid 2017. Yesterday the pair made contract with the pattern's Lower Highs trend-line for the first time since February 03, 2018! Also the 1D RSI is entering its 4 year Resistance Zone. Every time ETHBTC hit those levels, it pulled back to at least the 1D MA50 (blue trend-line).
Is it time? What do you think?
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Major Unbiased Crypto, Blockchain, Bitcoin Move To The UpsideHere's A Weekly Fractal Pattern Measured From Exactly 19 Years Ago to the Pits of 2008. If History Ever Repeated Itself, The Next 2 Months + Could Be Real Nice For The Blockchain As The Value Of The Dollar & Crypto Cap Move In Conjunction As Similar Polarities Repelling Each Other.
To Make It Simple, Dollar Up = Crypto Down
And Vice Versa; Crypto Up = Dollar Down
If This Fractal Pattern Measured With A Fib Retracement Is True, We Are Exactly 50% To The Next Potential Dollar Pit Running The Next 3 Years.
As Each 1 Percentage Point The Dollar Decreased, The Cryptocurrency Market Cap Increased 24% Per That One Point Decrease Of USD. (Measuring The Run Up From March 2020 Bottom To August 31 2020)
As Each 1 Percentage Point The Dollar Decreased, The Cryptocurrency Market Cap Increased 44% Per That One Point Decrease Of USD. (Measuring The Run Up From September 21 2020 To January 4 2021). Since Then The Crypto Cap Saw A Healthy Correction Of 25%
If We Take The Average Of The Two Percentages (24 // 44) We Get 34 Right. If We Apply This Same Logic Or Thesis Of The Dollar Going Down And In Turn Crypto Going Up To The Next Projected Downfall Written In The Fractal Shown In The Snapshot, Potentially We May See A 2 Trillion + Crypto Cap Or A $70-80k Bitcoin In This Next Move.
Take What I Present Or Say For What It Is, Because You Are The Gunner At The End Of The Day.
ETHEREUM - All Time High ETH has recently broken its all time high as Bitcoin has taken a breather since reaching its own new all time high. Just as Bitcoin has retraced, ETH has now dipped around 14% as sellers are taking some profits. Bullish scenario is still in play unless a new major changes take place. We recently sold off to secure some profits and are awaiting new re-entry levels.
Levels we're watching on our 4hr chart:
1. The bottom of our parallel channel in blue (roughly $1190-1230 region)
2. The 200MA line in White (floating around $1100)
3. The golden Fib pocket at $900
Not sure if it would drop any lower if we did see a retrace but anything is possible in crypto as we've seen time and time again. Best case would be to ladder buy at these levels and have some cash ready to go in case we see a panic sell off. (We have limit buys set up around $700 levels in case of flash crash/panic sell off).
Shoot us a like and follow and we'll be back with some updates.
A
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Eth poised to set new ATHEth is ready to break out and set a new all time high.
Ever since bitcoin hit its new ATH on the 8th January we have seen a steady decline in market dominance meaning that money is flowing into Altcoins.
An Ascending triangle is identified signalling towards a continuation of bullish trend.
Target
2277 (61.8% Fib)
-BreadCharts
Simply More Moon Lol Ya Totally Bullish LOL Taking profit is for weak hand HODL.
What are your thoughts? Is it bad that people like to realize gains or just something else?
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
Ya takes time indeed...
Ethereum New Highs!! Where are the Buying Opportunities??Ethereum made new highs then swiftly retreated. It is a bit extended right now, having crossed $1035 to $1430 since Thursday. We can anticipate further resistance at highs, and perhaps for a consolidation pattern to form (such as a bull wedge or flag) before another breakout. We could see up to a 50% retracement of this month's range, which would bring us to $1172. We would see support from some levels in between at $1320, and $1233 in between. We could dip all the way down to $913 and still be considered bullish. The Kovach OBV and Chande are both really strong, so it is highly likely the pendulum will swing back and we will see a retracement. Long term we are very bullish of ETH.
Inverse Head and Shoulders about to be confirmedWhen the Head-And-Shoulders-Pattern's breakout is confirmed by a weekly close above the neckline (0,04), the reach of the suggested target would break the upper trendline, which is drawn from the highest wicks of the mult-year downtrend. also watch out for a monthly close above 0,04. This will create a higher high on the monthly chart and would further confirm a trend reversal.
ETH/BTC - Break Of Resistance From 2018 = Parabolic ALTS!It's been a while since I've posted an idea. But we are looking very strong here for a big break to the upside and a catalyst for a full-blown alt season leading to a much bigger decline in the bitcoin dominance chart.
Historic levels held below since August 2018... This could get very fun...
Trade carefully.
FALLING WEDGE IN ETHUSDPLAN
- Price Breaking below the Lower Trendline can lead to :
1. 1050
2. 933
- Price pumping up can retest the Upper Trendline but before that it should be able to break the 1246 region.
INFO
- Try to connect the ideas and get a clearer picture of the whole set up.
- This can play either way so keep an eye on the support and resistance as well.
Signing off,
THECRYPTONIZER
ridethepig | ETH Breaking Correlation 📌 ridethepig | ETH Breaking Correlation
A good example of a freeing move .
In similar positions, the break can trigger capitulation , since it opens up a test of the pivot level which is already somewhat cramped and is at the same time the appropriate positional response as we see profit taking in BTC help ETH catch up on the wing!
The break in correlation against BTC shows the underlying strength in the foundations of ETH... regulation is knocking at the door; governments will start to weigh heavier on BTC in 2021 than ETH. A +/- $300bn market cap for ETH looks about right in my books.
Thanks as usual for keeping the feedback coming 👍 or 👎
Ethereum correction finished? Alts hold strong against bitcoin!Ethereum has corrected back to the 15th-16th January support level and begun to resume higher.
Could this be the end of the correction or is there more to come?
Alt coins barely lost any value in bitcoin during the correction which indicates Alt coin strength and potential for a further run to the upside for them if bitcoin completes the large triangle pattern over the next week or 2.