ETH Long ScalpI currently see a very high risk to reward trade on ETH, we have a nice 1 hour refined block in a 4 hour orderblock. Nice flip on liquidity since FOMC.
Im entering this entry at 100x LEVERAGE
ENTRY: 1270
STOP LOSS: IF PRICE CLOSES BELOW 1265 ON THE 5 MIN TF CLOSE POSITION
TP1: 1282.8 or 1% RAW
TP2: 1333 or 5% RAW
Ethereum-bitcoin
ETHBTC: Bitcoin will outperform Ethereum unless this line breaksThe ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019).
The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can we see an immediate rally on ETHBTC. Until we do, it is more likely to see Bitcoin outperform Ethereum as the candle action since March 2022 is similar to the one from September 2018 - May 2019. The 1W RSI is a testament to the repetitive nature since March 2016.
If we get a repeat, that would make a bottom on Higher Lows trend-line A and then steadily rise on Higher Highs and Higher Lows.
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Short ETH now! The 1k3 resistance is a big block for ETH. In theory, ETH could break this resistance and turn it into a new support, but this scenario is not likely to happen.
As a simple man, I'll buy at support and sell at resistance, so, going short is the only way.
Entry: now 1285 (or wait for 1k3)
Sl: 1360
Tp: 1100 (or 800 if you got diamond hands)
RLinda ! ETHUSD-> Resistance retest. What next? ETHUSD is sandwiched between the 1220-1171 zones. Loyal breakdowns on both sides and a return of the price to the retest of resistance. The key level for the price is 1220, further direction of movement depends on it
We see the formation of downward resistance from the peak of the first correction in early November. The price has been testing this area many times, fixing and pointing us to the resistance. After another retest of the 1073 low, Ethereum is strengthening by almost 15% and is almost sticking to this zone.
To sell (priority):
Price could test downside resistance. 1208-1215 zone. If price returns under these levels, expect a pullback towards 1171, 1136
For buying. Key level is 1220.
The price should break through the level upwards and consolidate. The subsequent growth from the level of 1220 upwards may provoke the increase in volume and the formation of an upward impulse towards 1250, 1289 up to the global resistance of November 2021.
Regards R. Linda!
ETH Ethereum: 1D Chart UpdateToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down.
I think the $600 range may be resting place before more downside based on my prior ETH charts.
I have been calling drops on crypto since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
Rough Idea of Bitcoins immediate future just what i'm hoping I have thought about this and just see roughly what I see...Do you agree? My name is E, please give me credit by sharing this chart if you agree. help the average joe make money if you think I'm right. if Im wrong please educate me further. I don't use statistics, I go buy my gut.
ETHBTC looking strongWhile ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.
A MORE BULLISH DRAFTA quick update on my may bearish draft being 30-35% lower on total mcap
I now tend to be more bullish as we are approaching what i believe will be the fear climax and therefore the place to place bids and hodl for the next 24-36 months
The alts I have selected are:
Majors
- Atom : 30%
- Eth : 10%
- Sol : 20%
Minors
- QNT : 10%
- Synapse : 10%
- Looks : 5%
that's a 85% total, remaining of cash will be allowed to the newest coins/narrative
Cheers, stay safe out there those are brutal conditions
$CRV - Bull Flag BreakoutHello my Fellow TraderZ,
I must say mini- #DEFI season is going on at the moment.
Just look at $CRV #CURVEFINANCE - beautifully created the Bull Flag and consolidated inside the range for nearly a month or two and finally breaking out that too with the VOLUME .
Currently, the breakout is being followed by the retest.
I'm anticipating the price to complete another UP to give ~ 20-25% . If #BITCOIN breaks out 22.7k then the freeway to $CRV to test the July High.
CHEERS FAM .
Polkadot - Entered a LongJust entered a long on DOT.
- clear invalidation/risk (2.25%)
- clear targets above
- dotted line is where this could SFP, if that happens I may manually close
- plan to move stops up to break-even if I can
If this breaks down, it's pretty bearish so I have conviction knowing that I'm fine being wrong if the overall trend is still down, but if this continues higher it has potential
Lets go.
V
Ethereum/Bitcoin: Overview correlationEthereum look that has a bearish evolving in weekly timeframe, what it's a moment to sell Ethereum as Ethereum can to make a deep impact in front of U.S. Dollar in front of this bear market what crypto living today.
Also, it's obviously that Bitcoin it's still bearish, one of the best strategy to accumulate Bitcoin using altcoin it's knowing the 3 key points:
1. U.S. Dollar value
2. Ethereum/Bitcoin or Altcoins/Bitcoin
3. Using Bitcoin dominance (to know when Bitcoin it's weak as strong in the trend)
That it's a smart strategy that I ever learned throughout of my crypto-experience since 2018.
So, there're a lot way to accumulate Bitcoin like making trading and find up consistent ROI, hold Bitcoin and using the old strategy that I know when we analyze altcoin in the strong dominance, that will be the case that they rise up in front of Bitcoin value. An also, you can to make trading in some crypto-broker that offer a lot instruments in the financial market like Forex, stocks, crypto or commodities and the benefit of them it's when we see a U.S. Dollar strong, a Bitcoin strong, an Ethereum strong, we could to change it for the convertibility to fiat to Bitcoin or Ethereum, or Bitcoin to Ethereum, and more.
A good broker called Prime XBT offer it to trade this thing.
But well, more later I will deepen this theme about Bitcoin and altcoins
Technically, we see that Ethereum/Bitcoin look in this bearish side, as Ethereum look more weak in front of Bitcoin value, I hope a drop in the Ethereum in front of Bitcoin value that could to reach down toward 0.038 BTC in the next month, it's a good chance to buy Ethereum later to accumulate a lot quantity of Bitcoin or an smart strategy it's making trading and starting to buy Bitcoin now and find up a goal like 20% monthly and each month re-buy more Bitcoin and then successively. Because as right now Bitcoin and Ethereum down, later of this bear market, I look that Bitcoin could to take more influence in front of Ethereum and altcoins giving us a clue of what the dominance could stand up after that Bitcoin repeat the same cycle in 2019 when Bitcoin dominance climb and altcoin weak in front of Bitcoin value. But for that, its essential to know every situation of each altcoin as I prefer that Bitcoin goes climb and Ethereum still more weak in the next month, and also a fix target could be 0.023 BTC for Ethereum/Bitcoin.
So guys, this it's a fundament and vital information if you want to know where to invest your own money later of this bear market. First starting to buy Bitcoin and accumulate Bitcoin and keep away of Altcoins for now and starting to accumulate Bitcoin for now and learn to make trading if you want to grow up your Bitcoin assets. Until the U.S. Dollar still more stronger, it's a way to apply it and change Bitcoin or Altcoins for Dollar when Bitcoin/Dollar may to weak and then, you must to re-buy Bitcoin in the deep and hold it. It's very hard to understand it, but if you have an ability, you can to get success in crypto-markets .
I hope that this information support for you. A lot content like this will be created very soon!!!
Keep update!!!
Max Pain Approaches, But How Low Can We Go?As stated in my last Chart a few months back, we are finally approaching the 2-week 100 Simple moving average. This moving average has historically acted as a magnet & major support for the market for the last 5 years. It would make logical sense that we see the same thing happen again. I see many calling for a $12K bottom, which is entirely possible, but we'll see if this 100SMA can continue to act as major support for the crypto markets again. Remember... Stay level-headed, be logical, and don't follow the crowd.
Ethereum Versus Bitcoin: Getting TightBITFINEX:ETHBTC Ethereum / Bitcoin is getting curiously tight around the 50% Retracement Level. Price abhors a consolidation and one direction or another we can expect to see a fast move away from this level. It will be interesting to watch this near term answer to the debate of which currency is going to become more dominant...
See below for Higher Timeframe Analysis
Ethereum: Bottom Price with Timeline (UPDATE)Hello friends, today you can review the technical analysis on the 1M (monthly) linear scale chart for Ethereum (ETHUSD).
UPDATE FROM AUGUST 2022 CHART!
I placed vertical lines for the month of April from 2017-2025 to show up to now and in the future when price may start making major moves. The current structure looks very similar to 2018 and my prediction shows the same type of movement for Ethereum.
The concerning factor is the price has a significant downturn to go based on this chart scenario. Other concerns include low volume, bearish MACD, and RSI is below the support line.
The long-term looks positive for Ethereum as I see upside over $8K but price may need to get to around $200 before it goes higher. Hold on tight!
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics