In this analysis I want to discuss a way to time the market. Or more precise: to time the next ETH market bottom. We don't have a lot of trading data to look at, but we have 2 instances where this strategy has worked. The strategy is simple: buy Ethereum once the weekly RSI is below 30 and enjoy the ride. Every single time that ETH has reached oversold, this was...
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price started to trades in the range, where it some time fell to the buyer zone, but last time it turned around and made an upward impulse to the 2660 level, which coincided with the support area, thereby exiting from range. After this movement, the price...
Over the course of the last months I've made plenty analyses on the bullish channel that BTC is trading in. As of today, BTC is seemingly making first steps to break out of this channel. This area will be likely highly contested by bulls and bears. Bears will see a perfect entry for a short, bulls will see a perfect entry to exit (part of) their long position....
Yesterday we saw the BTC bulls put up a show with over 5% gains over the course of the day. Personally, I was not expecting such a bullish day to happen anytime soon. Part of the explanation is the oversold RSI on higher time frames for the first time in months, combined with shorts getting liquidated. For now, I'm still not convinced that the bulls have the...
While Bitcoin had a smaller correction yesterday, it has tested that broken zone as of now (but there has been no significant movement there as of now). We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone). If everything plays out nicely, we will see a very nice downward movement, for sure! Swallow Team
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some days ago started to trades inside the range, where it first made a correction to the 2185 support level, which coincided with the buyer zone. After this movement, ETH bounced from this level and rose to the top part of the range, which coincided with...
Hi folks today I'm prepared for you Ethereum analytics. After the price broke some days ago support 2, which is located in the support zone, ETH declined to the trend line. But soon it turned around and made a strong impulse up to support 1, thereby breaking one more time support 2. Later, ETH broke support 1, which coincided with the resistance zone, and rose to...
As expected, Bitcoin is continueing the bull-trend, fueled by ETF optimism. However, with the whole market turning bullish, I'm taking a step back. My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the ETF actually get approved and traders market buy their way in with...
In this analysis I'm going to make an educated guess at ETH's next bull-market top. I'm going to make the assumption that ETH will continue to trade within this rising wedge pattern. Naturally, this prediction will be invalidated once ETH deviates from this pattern. First of all, the time at which ETH will presumably top will be around the same time that BTC...
Ethereum has managed to break through the main bearish resistance line that has been keeping the price in check for well over a year. With this break out, ETH has broken of the 1.5 years of accumulation and has arguably started a new bull-run. I'm looking for a longer-term move all the way towards the 3600$ area. This can take a while, so don't see this as a...
As seen on the chart, ETH has been trading inside a bullish triangle pattern for over 1.5 years. In my eyes, a break out from this pattern might result in big gains for ETH, since it will burst through an area full of short-trade stop-losses which will be forced to buy back their positions. Consequentially, a break out will trigger a long-term trade that I've...
In my most recent ETH analysis I wrote that ETH was likely forming a bull-flag pattern and was going to break out in the near future. And here we are. A break out, followed by a retest of the top resistance, which is exactly what bulls want to see. Our entry has been hit and stop moved just below the retested resistance. This constructs a very decent trade...
ETH has been consolidating for nearly 10 days now, after a huge move from the 1500's to 2100$. With the market rallying over the last couple of days, I see a decent probability for ETH to break out of this bull-flag and continue the rise up. Bull-flags are bullish continuation patterns, to bullish price action is the most likely result from this pattern. Target...
Like most alts, ETH has been seeing very decent gains over the last few weeks. However, ETH has not yet broken out of the bear market range, which is well defined below the purple resistance area. This resistance area ranges from $2000-$2150. If ETH does not manage to break through this resistance, we can't call the bear market over. On the contrary, if this...
In my most recent ETH analysis I took a look at the long-term rising wedge pattern that has been playing out on the ETH chart since early 2017. I noted that the break out occurred, and could potentially lead to more selling. However, now that I switched to a bullish view of the market (because of the BTC break out), I think it's likely that ETH will go up as...
In this analysis I want to take a look at a very simple, but important chart. We're going to compare previous bull- and bear markets and look at the years after the bear market. The result is simple, Bitcoin has always recovered and always pumped again after every bear market. In many previous analyses I've noted that 15.500 was the bear market low, so this...
Ethereum has officially fallen through the last remaining bullish trend line left on the chart. This trend line has emerged at the depth of the June 2022 sell-off, so it's well over a year old and must carry some weight. In my view, this is the start of a longer bearish period for ETH, potentially even to retest the June 2022 lows around 900$. Wait for the price...
As of last week, Ethereum has broken out of a rising wedge pattern which has been formed at the start of 2017, making it the longest pattern that exists on the ETH chart in recent memory. Seeing that rising wedges are classically bearish reversal patterns, the risk is definitely to the downside. There's a risk that ETH will see more bearish pressure over the next...