Is Bitcoin crashing and will drag all the market ?Bitcoin is going down very quickly that all the traders and investors lost to much of there money and they are asking what is the next level of the bottom ?
In this we have some ideas where is the next move so let's in our chart :
-we have 2 pink lines that were the resistance and the support line and floated there from 12 october to 16 of november so what i'm trying to say that we didn't expect to break those lines so we did break out and going very bearish ...
-what will happen now we gonna see if it will resist the 56000 or in my predection it will break it because we are seeing a correction days or maybe weeks ! test the support of 53000 and maybe break it too ...
Or break up with the end of correction days and see a beautiful pump (in all the market) ...
Please Follow and Comment your favourite coin and i will do my research about it
Ethereum-usd
ETH set to explodeOn weekly/daily chart we can see a rising triangle formation, reverse head and shoulders on the daily, break and re-test of 50MA, multiple demand and imbalane zones formed.
We're still in the daily supply zone so we need to see ETH cut through this zone if we want to go long. If we some rejection then we have multiple zones below where we can look for going long.
Update TOTAL market cap pathJust another update on TOTAL and the path I believe it is on. This is only a prediction and should only be used as an idea.
Fibonacci levels have been working well on TOTAL market cap and have so far been a good chart to base trades off of. We should remain sideways and up for most of the month until we reach that next level.
Update Total Market Cap pathAn update after a bullish close above the 200 simple and EXP on BTC /daily. The 200 moving average on total should begin to curl upwards while price action chops around the blue and purple channel.
Just a prediction and potential course. Don't take this as an investment tool only as an idea
ETHEREUM - UPDATEPrice has broken out as i expected. We now can look for entries here. We have a break of the outer trend line and now can properly place an ascending trend line, we also have structure. Daily TF is still bearish but 4H is now bullish and i beleive we will be heading upwards. See previous ETH post for what i was anticipating.
💡Don't miss the great buy opportunity in ETHUSD @ethereum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 2136
TP2= @ 2283
TP3= @ 2460
TP4= @ 2637
TP5= @ 2894
SL= Break below S2
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ETH/USD - Ethereum, Trade Idea! ETH/USD - Ethereum, Trade Idea!
It could be time to sell, further confirmation is needed depending on your trade plan.
Technical aspects:
Pattern: H&S / Triangle Formation
Key Resistance: 4033.10
Key Support: 3524.10
A break to either direction, on S&R areas will show clear direction of where Ethereum is heading.
Key Tip: Follow your own trade plan for further confluence!
Have a great week ahead.
TJ
Ethereum - Looks like topping out 3000 USDHello Traders,
Here we see the 4 hour chart of Etherum. As often, a picture say more than a thoussand words.
We are in the top of the trend channel and the target of 3000 USD is almost reached.
I now expect a pullback because we are on the top of the trend channel, we have the formation of a rising wedge and we see declining volume during the rise.
If the price breaks trough the top of the channel then this should happen with good volume. Again long if best on a retest of the upper trend channel line.
Ethereum Daily IdeaThis chart is primitive in fashion. I have outlined some trend lines and some key support levels that we are making as we move upward.
Using previous price movement within these trend lines I was able to come up with two possible scenarios using bar projections.
This idea is just showing a couple possibilities and is by no means a suggestion. I am NOT a financial advisor and this is NOT financial advice.
We have a daily MACD flip.
RSI could be lower but we still have some room.
Do you think we'll break back into the upper channel or fall back into the lower channel?
Let me know in the comments.
Thanks!
USD broke out of downtrend with CHF but overboughtThe sharp rise in 10y US Treasuries got people excited over the USD. I'm forced to looked at foreign exchange, FX, because with crypto and stablecoins impact, it's critical. More than just charts.
From a chart perspective, nice setup breaking down of the converging triangle. Enjoy the ride up and take profits and set your stop loses. I'm expecting the USD to go down from the 92/93 to the sub 90s in the coming weeks. Stimulus passed and all.
With over a quarter gazillion dollar world debt, look it up!, a trillion dollar Bitcoin as "reference currency" seems to be what the world governments all need at this point to make everyone accountable.
FIAT, as it continues to be debased, will survive and morph into Central Bank Digital Currencies CBDC which should become the stablecoin for stable counties and unstable coins for unstable countries.
Isn't Switzerland one of the most stable countries in the world from fiscal perspective? Please comment if you use a better FIAT pair to check the health of comparable FIAT worldwide.
Bitcoin was just in time and has survived the test of time. Now with L2 like Lightning, dealing with the transaction scaling and costs, they future will be very interesting
ETHUSD: Before Entry LONG, be carefully on this RETRACEMENT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
ETHEREUM/USD
⚪ Technical Analysis :
Since the 5th of February the price has been following an uptrend creating an interesting rising wedge pattern, few bounces and rejections on its dynamic trendlines confirm the validity of that pattern.
On the 10th of February the price reached the main resistance zone at about 1834.50, failing few attemps to break it.
After a quick and strong rejection, the price reached one more time the same level, creating a lower high.
It is currently moving close to its dynamic support line and the next price action around that level will be essential to define the next market movement.
🔴 Conclusion :
In my previous analysis, I explained my long scenario about this market, defining a target on the level at about 1900/2000.
You can have a look clicking the link below:
I'm still confident to see the price going up more, but right now is showing us few sign of weakness and there is a nice possibility to see a retracement.
The price is ready to explode, but creating a lower high on every attempt to break through the main resistance zone and the RSI with 20 period is showing a clear divergence.
If the price will break down its wedge pattern, I'd wait a bounce on the dynamic trendline before planning a long position or eventually the price will break through the main resistance find your best entry point!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
ETH going down for the short term The 50 days moving avg crossed the 2000 moving average and faced a critical resistance there before tanking. It attempted a bounce back up but faced resistance again at the 50day moving avg. The StochRSI also suggest an insuing downtrend. The %D line just crossed below the %K line.
This is my first TA post so take everything with a grain of salt.
Any criticism you give, I will greatly appreciate.