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-bitcoin
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.
Ethereum, where are we going?I drew a fibonacci retracement from the previous high to the following low, which gives us clear price targets for ETH.
Nevertheless, we have just tested the ATH and are yet to break through with confidence. As we can see volume has been relatively low over the past couple of days. I'm hoping to see a strong break of the ATH with a large volume candle, which should take us straight to $2000.
Enjoy the ride guys!
ETH / USD 19 01 21 = BTC / USD 16 12 20 FractalToday is a very important day 19 01 2021. Pay attention to the fractal. Let me remind you that today 19 01 ETH against usd showed 1444.
1444 is the previous all-time high, for ETH it is the same as 20044 16 for BTC (the previous all-time high).
Let me remind you that BTC 19 01 21 is in a symmetrical triangle squeezed into a corner.
Change comes when the pain of staying the same is worse than the pain of change.
Nick Hinton
The main trend BTC. Published on 18 1 0 2020
BTC / USD Main trend. Triangle Secondary trend reversal zone.
+300%
Published on 31 03 2020
ETH / USD Triangle. The price is clamped. Coming soon.
More +1000%
Ethereum Ascending Triangle - New All Time High?Ethereum is approaching the end of the ascending triangle on the 4HR timeframe, if we see volume coinciding with a bullish breakout above resistance ($1256.98) then there's no doubt we'll see $ETH test ATH & likely break through. Technical target is around $1620, however with a breakout above ATH i'd expect ETH to pull a far bigger move & head towards $2000 as long as Bitcoin allows.
XRP IS TELLING US WHAT WILL HAPPEN TO ALTCOINS AFTER BULL CYCLEHello. Making this idea to have as a guide and explanation to all of you what will occur in majority of altcoins and cryptos..
As I've been studying the cycle we are currently in, couldn't ignore the fact that all charts look extremely similar.. Most of the charts from old altcoins look like huge WXYXZ patterns that offer the most volatility in both ways.. Wave Z usually are EXTREMELY PARABOLIC. Extreme expansion followed by extreme sell-off, fear and panic in the markets.
Not all cryptos are in the same cycle period.. Some are just heating up and finisheing WX waves. Some are already done with expansion and full completion of WXYXZ.. Our goal as investors and traders are to identify in what cycle stage we are in with particular cryptocurrency and profit from it.
XRP is a good example of what will follow after extreme greed and FOMO starts...
*****DISCLAIMER***** IT HAS NOTHING TO DO WITH FUTURE XRP PRICE PREDICTION AND CURRENT XRP CYCLE AFTER COMPLETING WXYXZ. We already dropped 70%+ from the highs and now consolidating..