Ethereum-bitcoin
ETH/BTC Analyze!!!ETH/BTC was able to pass the main wave 4 in the heavy support zone, and for now, it is running in main wave 5 while breaking the trend line.
I showed you the end of the main wave 5 (zone).
I expect that microwave 4 of the main wave 5 can finish near the trend line, and then ETH/BTC goes up to my target zone.
What can we conclude from ETH/BTC chart ❗️❓
🔆If the cryptocurrency market continues to fall, it is likely that Ethereum and tokens on the Ethereum network will be able to escape from terrible falls for the next 2 months, this does not mean that they will not fall, but the percentage of falls will be lower.
🔆If the cryptocurrency market starts to grow, Ethereum and Ethereum network tokens can give us more profit for the next 2 months.
🔆If you want to invest in the cryptocurrency market and you don't know whether to invest in bitcoin or Ethereum, I suggest you invest in Ethereum, of course, I think it's still a bearish market, and you can wait about entering the market.
ETH/BTC Analyze, Timeframe Daily⏰(Log Scale)
🟢Support Zone: 0.058BTC until 0.0488BTC
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Ethereum | FOMC Created Useless Bearish Volume | Bulls Are BackEthereum | The FOMC created useless bearish volume | Bulls Are Back Again
Since the news of the merger was released, we have seen ETH build a
very strong bullish accumulation volume.
All the patterns we see on the chart are shown that day by day many
traders are trying to take advantage of this rare opportunity that will affect one of the crypto leaders.
Yesterday morning the price made a small bearish move and decrease the price by -7%
However, as we can see it was a useless movement for the bears to win more price territory.
Strong support was shown for the second time close to the support area of the previous pattern near 1820
a bit lower than 1857 that we had as a zone.
Now the price is showing bullish signs again.
Given that the pattern is still valid, the bullish move should continue.
Price analysis:
Price is actually testing the top of the pattern and I'm waiting
the price should be corrected up to 1852.00 as a maximum.
After that, the price should rise again.
Targets:
🎯 2143
🎯 2285
🎯2400
Thanks and good luck!
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Crazy crazy stock market sign shows that great depression 2.0 is on the way
BE PREPARED and DO NOT MISS THIS OPPORTUNITY
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Bitcoin (BTC)/Ethereum (ETH) evidence that price is predetermineBINANCE:BTCUSDTPERP BINANCE:ETHUSDT
Bitcoin (BTC)/Ethereum (ETH) evidence that price is predetermine and they move in tandem (hey are working together, especially well or closely: I want these two groups to work/operate in tandem on this project. Simultaneous and consecutive.)
price is predetermine and you have to know how to read them with out indicator or robot just price. it takes time but you will get it.
Ethereum |The Ethereum Merge Is Helping The Bulls a LotEthereum rally is helping the bulls a lot
Since the news of the merger was released, we have seen ETH build a
very strong bullish accumulation volume.
All the patterns we see on the chart are showing that day by day many
traders are trying to take advantage of this rare opportunity that will affect one of the crypto leaders.
Price analysis:
Price is actually testing the top of the pattern and I'm waiting
the price should be corrected up to 1852.00 as a maximum.
After that, the price should rise again.
Targets:
🎯 2143
🎯 2285
🎯2400
Thanks and good luck!
ETHEREUM's target reached : +85% ✅Important Target Reached 🔜 +85% ✅ You may Close at least 50% of your position and take your profit !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.14.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ETH last push before the daily timeframe correction move. Expection on hourly timeframe that we are currently in the last two waves until we hit the final wave 1 (dauly) price. Right now the chart and the elliott waves do calculate this.
After hitting wave 1 price, expect a longer correction on daily.
Ethereum (ETH/USD) good call ETHUSD
The second crypto by market cap is in a very interesting graphical situation.
1) The price is channeled in an Down channel, which by default breaks upwards.
2) RSI is crossing UP 50% higher which is a strong buy signal.
3) The price after breaking the first resistance (lower red box) is breaking is heading towards the next resistance (the upper red box)
4) Found an all-time low at the technical price of $1k which triggered buy orders.
So to summarize we are in two options:
a) That the price follows the broad wave of BTC and Wall Street breaking the Down channel and the existing resistance to attack the all-time highs at $ 5K
b) If the price is rejected near the resistance and the upper band of the Down channel it will look for new lows in the historical resistance of $ 500
LPI.sa
Eth/Btc pairingETH/BTC pairing trying to breach the weekly resistance (0.08)
it's above the bull market support band. Flipping bullish.
Above previous weekly TD9.
Can we finally break the weekly resistance & head up to .1?
RSI above 50
MACD cross up bullish with positive histo
Stoch RSI looks over heated tho.
ETHEREUM | Will ETH Reach 2k - 2.2K Over This Month?ETHEREUM | Will ETH Reach 2k - 2.2K Over This Month?
In the bigger picture, Ethereum reached a very interesting price zone since mid-June-22.
This was the potential reversal area we were looking at during the previous analysis.
In fact, the price is developing many bullish patterns.
The probability is very high that the price will continue to rise after these bullish accumulation patterns.
I am considering this bullish move again because the price did the same before if we look at it from the bottom of the pattern.
Thanks and good luck!
Critical support for ETHBTCPlease 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.
ETHBTC dropped out of the yellow channel, broke the lime uptrendline and backtested the white downtrendline where price found strong support from Hulk.💪 After the bounce up price reclaimed the lime uptrendline and even got back inside the yellow channel and also broke the red downtrendline. I think the white confluence area of the trendlines needs to hold as support otherwise breaking down would be bearish in my view.
See the original idea here:
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Resistance to ChangeJuly was a reassuring month for crypto, and financial markets in general, stimulated by the Federal Reserve deciding a 0.75% rate hike was sufficient to slow inflation. They also stated the 2.25-2.50% federal fund rate is now neutral – no longer contributing to growth or contraction within the economy. This caused markets to rally on the expectation there may not be many further rate hikes and the possibility the worst may be behind us.
Last year, July marked the bottom of the summer correction and the start of the rally that resulted in new all-time highs. This year, July saw a 16.6% monthly gain for bitcoin – the highest monthly gain since October 2021. This was outshone by ether’s monumental monthly gain of approximately 57% – the largest since January’s 2021’s 78% gain and the fifth best month over the past 5 years. The ETH/BTC chart conveys this spectacle well. Ether appreciated by 28% against BTC since the start of June – demonstrating the increased upside Ethereum has compared to its larger counterpart.
However, last week it was Ethereum Classic (ETC), that saw the greatest gains. ETC saw a 94% surge within 4 days, with price still trading within 20% of the high. It is suspected this was caused by The Ethereum Merge that will result in Ethereum moving from proof-of-stake to proof-of-work (POW). This will render the Ethereum miners’ expensive equipment, used to solve the mathematical puzzles used in POW, obsolete and the miners’ $18 billion annual revenue disappearing. On the other hand, Ethereum Classic will remain proof-of-work, driving Ethereum miners to potentially put their equipment to use securing the Ethereum Classic chain. However, Ethereum Classic’s mining revenue amounts to only 3% of Ethereum’s.
AntPool, one of the largest mining pools and an affiliate of Bitmain, a large mining equipment manufacturer, announced it would invest $10 million to develop and create new applications on the Ethereum Classic ecosystem in an attempt to increase the adoption of the blockchain, and the sales of their rigs. Bitmain also stated they will accept payments for their machinery in ETC. Will Ethereum’s fundamentalists win? On August 2nd, ETC total value locked (TVL) sat at $230,000 and transaction volume was $162 million compared to ETH’s $57 billion TVL and $3.8 billion transaction volume. The loyalists will require some serious network effects to capture any market share.
Fidelity has stated that bitcoin will be the only 401(k) crypto product they will offer with a 20% allocation limit per portfolio. It could be argued that this is a huge step in the right direction with a behemoth asset manager, such as Fidelity, believing bitcoin is a suitable product for retirement plans. On the other hand, it also demonstrates the rest of the space is generally regarded as unproven and untrusted. This opinion was echoed by three anti-crypto American senators this week who deemed Fidelity’s move to include bitcoin as “immensely troubling”.
Institutional hesitancy towards altcoins can be understood when considering institution’s risk aversion. The nature of the nascent crypto space where the “build fast and break things” approach, which can sometimes be taken advantage of, is also a hinderance. Incidents such as the $190 million exploit on popular token bridge Nomad that occurred this week is case in point. Solana also experienced issues this week with popular Solana wallets, Phantom, Slope and Trust Wallet, being exploited with their users’ funds being drained from over 8,000 wallets.
After the collapse of CeFi and now these breaches on hot wallets, crypto asset security has become an even bigger priority for all crypto users. Ledger, the popular hardware wallet provider, has perfectly timed its rumoured discussions of seeking to raise an additional $100 million in funding. It is rumoured the round will be at a higher valuation than their previous $380 million raise at a $1.5 billion valuation last June – showcasing the growing demand for protecting crypto wealth even during this market downturn.
Thankfully, resistance to change can provide profitable opportunities as the herd stays away from “risky” assets. Howard Marks details in his investment bible, “The Most Important Thing”, that the highest risk-adjusted returns are obtained when buying assets that are considered “not fully understood, fundamentally questionable on the surface, controversial, unseemly or scary, deemed inappropriate for “respectable” portfolios or recently the subject of disinvestment”. We wonder what asset class meets these criteria…
Gala Moving Sideways Will Explode Next CycleThe first crypto gaming and metaverse wave has left us and we're in the midst of bear market in cryptoland. Strong projects that survive this bear market will likely thrive in the next bull market. One of those projects I believe will thrive in the next metaverse gaming wave will be Gala games. Why? Simply because a lot of developers and innovators continue to create games and experiment on Gala. It is becoming a hub of metaverse, play 2 earn, and crypto gaming innovation. Gala games is well positioned to ride the next metaverse and crypto gaming wave in the not so distant future.
Currently down 93% from it's all time high of $0.85 cents Gala is starting to look like it's moving sideways and being accumulated around the $0.05 cent range. We've been in this horizontal channel since June 13th ranging from $0.045 cents to $0.068 cents. We can always go lower due to the market conditions since we're not out of the cycle and still may have a ways to go before we find a true bottom. All I'm saying family is to keep an eye on Gala. Much peace, love wealth, and health!
ETHEREUM daily TA : BUY or SELL ? READ THE CAPTION In this chart, I analyzed the possible trends of Ethereum , as you can see, the price after breaking $1666 has reached the important supply zone in the price range of $1748 to $1922 and has shown the first reaction to this level ! The important price's zone that it may react to are $1606 and $1386 respectively! One of the largest liquidity pools is above the range of $2170! Indeed, from 36 days ago until now, the price has increased by more than 60% ✅ ! Compare with the previous analysis!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.28.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
$BTC Daily range 21-23kSliding along the longer term support levels, if we quickly move toward 23k, but fail to overcome resistance, expect a quick a brutal pull back toward the downside. Watch for fake outs! News this week might cause some extra volatility.
This week:
July 26: FOMC Meeting, Microsoft & Google Earnings
July 27: Meta Earnings
July 28: US Q2 GDP Release, Apple Earnings
A Beautiful 3X Long Setup On anchor Protocol Beautifully MarkedAnchor Protocol Is Beautifully Holding the Support Aiming for a Push Upside