Ethereum / Bitcoin - RSI at important levelEthereum / Bitcoin - RSI at important level
Look what happened in the past when the weekly RSI went from oversold through the yellow zone (47 - 53)
No guarantee for a zone-break yet but it could lead to a triangle breakout as well
What do you think about that long-term chart dear Crypto Nation
*not financial advice
do your own research before investing
Ethereum-bitcoin
ETHEREUM | Bulls Are Taking Control Of PriceETHEREUM | Bulls Are Taking Control Of Price
After the price was correcting for more than a month now
we can see a clear breakout of the pattern.
This was the expected reversal area that I was looking at for a long period of time
and as we can see the price is confirming that ETH increased almost +60% from the bottom.
In the actual conditions, the price just broke out from the Flag pattern.
I am expecting any potential correction before the price will increase more during the coming weeks.
Thank you and Good Luck!
Bitcoin & Ethereum Will Follow | Ethereum Classic LeadsWe are aware that the cryptocurrency market is all correlated and all the cryptos tend to move together, specially the Tether (USDT) pairs.
Whenever Bitcoin goes bullish the altcoins USDT pairs also go bullish.
If Bitcoin crashes so does the altcoins.
This chart is for Ethereum Classic vs Tether (ETCUSDT), just notice todays candle.
It has really high volume, full green, trading above EMA50 and going straight up.
The ETCUSDT chart is also identical to Bitcoin and Ethereum in that the initial low was set 12-May followed by a lower low on 18-June.
A little tip on how to spot a bottom.
When a correction/bear market is taken place, prices dropping, volume tends to stay flat until a panic force comes in and volume grows strong on the first drop (12-May).
On the second drop which is a lower low (18-June) the volume becomes lower than the first one, this signals that the bottom is in (bear momentum loses strength).
Back to ETCUSDT, it is moving strong now while Bitcoin and Ethereum consolidate.
My theory is that Ethereum Classic won't move alone...
It only grows if the king grows.
In that case, Bitcoin and Ethereum are very likely to follow...
That's just my view of course.
But I will be here tracking the charts to see how it goes.
Namaste.
Catching Knives - Potential for Some Small Relief For AltcoinsThe title is pretty self-explanatory. Sure, prices can keep collapsing into the abyss. I have little enough exposure where this wouldn't hurt me a huge amount. It's important for me to be very conservative. There is nothing that says we need to recover here.
Many alts are back to their accumulation ranges from the previous bear market, so it seams reasonable to expect at least SOME buying action. For instance, Polkadot has now retraced nearly its entire bull market rally. In January when price was still above $25, I wrote about how there was serious risk for it to break the long term uptrend, and head back towards the $7-11 range. Here is the original post from January:
Even prior to that, in November 2021 I wrote about how I thought DOT may have reached its long term top against Bitcoin. This has proven to be correct as well. In fact, looking at this chart tells me that it still has potential to fall. Perhaps it won't get a longer relief rally until those lower levels are reached.
Regardless, I picked up some DOT here near $7.20. I also rebought ALGO at $0.29 after stopping myself out of a spot trade from $0.39 not too long ago. These are not necessarily meant to be a long term positions. I may even sell them tomorrow if things seem even less likely to turn around here. My strategy is different than it was during the 2018 bear market. Back then, my strategy was to accumulate as much as I could afford, within reason. Now my strategy is to simply see if I can time the occasional bounce. If I do see signs that the market could rally again in the future like it did in 2017 and 2021 I will change my tune a little. Even so, I see little use for cryptocurrencies in our world. I acknowledge that this may change as well, although honestly I'd prefer to see adoption over price appreciation.
If the market bounces, it can last for anywhere from a week or two to several months. No one knows. My speculation is that a bounce would yet again involve altcoins outperforming Bitcoin, while larger whales unload their BTC in the $30-40k range. But then, this would imply that Michael Saylor would be able to exist at break even, or in profit. Will the market give that to him? More bullish behavior would be Bitcoin pumping right back to $42k while alts begin to really lag, as we began to see in 2019 once the bottom was in. Something like this would begin to invalidate my longer term bearish view.
On the bearish side here, if DOT can't hold above $7 for long, it can head down to the next support level, between $4-5. Similarly with ALGO, if it can't hold above $0.26-27, it can head down to $0.16. Dumps like this continuously happened in 2017, but at least back then there was the occasional mega relief rally for altcoins. This time, we may not get those opportunities, so I'm being especially careful.
This is not meant as financial advice! This is meant for speculation and entertainment only.
-Victor Cobra
ETH Holding Support!So far ETH has been respecting our S/R lines to a tee on the 8h chart and continues to trade in a channel. Currently I'm in a long on ETH from the 1040 area due to a few reasons:
1. ETH has major support near the 1040 area since June 14th
2. The Stoch RSI was extremely oversold and is now starting to curve to the upside
3. There's not much resistance until 1165, 1250, and 1430
Based off of our current price action, I'm expecting ETH to continue higher until we get to our micro resistance of 1165 then consolidate for a few days because attempting the push past the major resistance of 1230-1270 (red shaded area). Once we get past those levels, then it's clear skies to 1430 (our next major resistance). If we break down from 1040, our bearish targets are 950 and 880 (orange lines). I'm expecting those to hold and would be perfect levels to DCA if we have another capitulation event.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a DM :)
CHILIZ : ❤️ My Favorite ❤️One of the most amazing cryptocurrencies with so much potential in the crypto market and more interesting is that these days it has nothing to do with the trend of Bitcoin, but soon we can expect the entire market to crash and look for appealing zones to enter for investment !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.12.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
CHILIZ 4H TA Result : +25% ✅As you can see, exactly according to the latest price analysis, it grew to the point we specified and started correcting from there! That means more than 25% ✅ ! It is not everyone's job to draw the price path in the analysis 😉! Just compare these 2 charts! I still see Chiliz as one of the most promising Cryptocurrencies in the market!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.05.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ETHEREUM 4h TA : 07.05.22 (Update)As you can see, Ethereum rose to above $1200 exactly according to the latest analysis and then returned to its Bullish Brder Block (RTO), After reacting to that demand zone, the price has reached the $1140 level with more than 15% growth. If it consolidates above $1120, we can see the price rise to $1234 as the first target and then $1420! Otherwise, we have to wait again for the price below the $1000 level!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.05.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Ether recovery helps crypto revisit US$1 trillion market cap Ether and Bitcoin reached their highest levels in 10 days on Sunday (June 26) as the market showed some signs of stabilisation. The No. 2 cryptocurrency advanced as much as 5.8 per cent to US$1,279.06 on Sunday (June 26) before pulling back on Monday.
The rally comes after the token dropped as low as US$880.70 on June 18. It appears to have found support around its 200-week moving average, which currently sits near US$1,200.
No. 1 Bitcoin topped out on Sunday at US$21,860, after having fallen as low as US$17,742.83 on June 19. It hovered around US$21,000 on Monday, bringing overall crypto market capitalisation just below US$1 trillion, accordin to CoinMarketCap. Bitcoin represents more than 40 per cent of the crypto market's value.
Ethereum Bitcoin Holds Major SupportI am remiss that this summer I have been enjoying life more than sitting in front of the screen diligently analyzing price action. While catching myself up on the long term trend changes from the recent moves I came across the BITFINEX:ETHBTC cryptocurrency cross pair. This pair has been my favorite to watch and trade for years.
On the Weekly, price has reached and begun to respect the confluence of the Ichimoku cloud which aligns with the 50% Retracement of the 2019-2021 bull trend as Ethereum captured more relative market share to Bitcoin. The recent recovery in cryptocurrency is tending to favor the more volatile assets and this too is reflected in the bullish rise of ETHBTC.
On the Daily chart 6/22/22 price did a textbook "50 in 50" hold of the short term rally to confirm the Weekly support.
Ethereum Whales Purchased Over 150 Billion SHIB in 24 HoursOver the last day, ETH whales purchased over 150 billion SHIB.
Another positive for SHIB is that nearly 62 billion SHIB tokens were burned over the last day and moved to a dead address. This means that these tokens have been removed from the circulating supply which could lead to an appreciation in the value of SHIB.
According to Shibburn, the burning of these SHIB tokens took place over eight transactions.
Shiba Inu (SHIB) has been recovering well over the last few days and is up around 41.39% over the last week. Unfortunately for the meme coin, it can’t seem to gain any real traction as it is still trading below its all-time high of $0.00008616.
One thing that has been going in SHIB’s direction is that the top Ethereum whales have been accumulating SHIB. According to the whale tracker website, WhaleStats, SHIB has become one of the top three most acquired tokens among the top 100 Ethereum whales.
ETHUSDT 4H TA: Support and Resistance UpdateCurrently, the downtrend line has broken upwards and reached the resistance range. In the event of failure, we expect the growth range to the specified range, and if we are corrected, we will have the probability of falling to the trend line and then the support range specified in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
The Historic Price Levels of ETH/BTC Are Still ImportantAs has become the case across much of the cryptoverse during this current bull market, the bulk of attention has been on the dollar value of Ethereum, consequently its value against bitcoin is often overlooked. But to ignore this pair is to ignore some of its most important price action. Before stablecoins really gained prominence, trading altcoins against btc was the norm. As the major pair eth/btc was, and still is, a valuable chart for gauging the overall sentiment of the market. It is also where we can find the most significant historical price levels.
Unlike with eth/usd, we have yet to break the all time high so we should expect to see strong resistance if and when eth approaches this level at around 0.15 with a high probability of a major pullback/dump. Before we reach that we also have the Jan 2018 peak around 0.12 to contend with, a significant level from a significant time in crypto market history. Be under no illusion, just because the majority attention is on eth/usd does not lessen the significance of these levels, OG whales, market movers and anyone looking for an edge are all watching them.
As we currently approach the recent May 2021 high, we also find ourselves having to contend with the top of May 2018's dead cat bounce, a region which has provided us with a clear warning already. Just beyond that we have what is possibly the most significant trendline in any of Ethereum's price charts currently. Dating back to Dec 2016, this support-turned-resistance line has only ever been broken once, when it flipped during the 2018 bear market ultimately leading to eth's prolonged accumulation phase. This line was tested briefly before the recent May sell-off and provided us with one of the best predictors of price action for the entire crypto market this summer, even moreso when considering its proximity to the aforementioned dead cat bounce region. Although perhaps becoming less relevant, we should also note the other trendline lower down and almost parallel. This resistance-turned-support line may still be important should eth struggle to break above the current range, a strong possibility if btc's current recovery can take it back into new highs. In such a scenario these two lines could form a temporary channel before the inevitable break upwards.
When that breakout does occur however, it's pretty much an open space before 0.12 so we should expect eth to clear this with relative ease. Given its history, this will likely also act as the catalyst for the next wave of big moves across altcoins. Getting past 0.12 may prove more of a challenge and, should eth successfully clear it we would be wise to view 0.15 with extreme caution. At that level selling pressure may quite possibly be sufficient enough to trigger a prolonged reversal, especially if coinciding with a sell-the-news type event like eth 2.0 launch or another period of mass fud.
New money may be flowing into crypto via stablecoins but eth/usd is in unchartered territory, any analysis of that chart is extremely uncertain and reliant on a lot of guesswork. In contrast, this chart provides us with several historically significant price levels and continues to play an important role within the crypto market.
Weekly Analyze of Crypto Investing in June, 2022Date: Jun 20, 2022 - Jun 24, 2022
This week, the crypto market has experienced an oversold rebound after an accelerated fall and panic selling.
BTC took advantage of the trend to break the $20,000 mark on the weekly line and then recovered again. The daily yin and yang columns alternated and fluctuated higher. At present, bulls have the advantage. Pay attention to whether there is a breakthrough in the consolidation zone on the left consolidation area, which is more critical to the construction of the subsequent structure. The support range is 18500–19500, and the pressure range is 22500–23500.
ETH recovered nearly 50% of its weekly decline, the volume was launched out and there were pin bars on the markets. After the yin, there is an expectation of closing the yang, but there is still an inertial fall in the trend. The daily line was reversed twice by the Yang column, and the structure was consolidated at a low level. The key level is 1050, the support range is 900–1000, and the pressure range is 1250–1400.
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Bitcoin Next Week Price PredictionI Would Like to Share My First Analysis Dated 19-June-2022 for the bitcoin price prediction in the next couple of days.
We predict the Bitcoin price may decline on Monday 20-June-2022 to 19200-19500 . which consider a good opportunity to buy it with a target of 22800-23200.
We don't advise you to short now but hold on to your cash whether it reaches the above-mentioned price which is a good opportunity for a long trade.
Keep in mind that prices may go straight forward from the current level directly to 23000 Usdt without any correction, based on that never go short position in the next week.
Regards