ETHBTC - Bullish Idea (5-Day TF)ETHBTC Symmetrical Triangle that broke higher could be forming a continuation pattern (pennant/flag/wedge/ascending triangle).
The break out of the triangle got rejected at the 0.5 fib level, pulled over the 2017 bull market.
Since we broke out of the symmetrical triangle at the 0.236 level we can also expect a pullback and retest of that level before continuing higher.
Bitcoin Dominance chart also seems to be in a bear flag, which could be the inverse of the ETH/BTC bull flag.
The 0.786 and 0.236 fib levels have acted as rejection points during the bear market, interesting to note.
Etherium
Steps to invest successfully Hello guys, I hope you liked the video and you learnt something new.
Due the lack of time I didn't have the opportunity to talk in detail about everything I wanted. There are so many things to say and I would love to talk about them for hours.
Still, for any questions regard the video let me know in the comments. I will make sure to make more tutorial videos.
This video is meant to be a learning video and not a financial advise one.
Custom PM vs Cryptos chart heavily favors gold, silverHere is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio.
As you can see, the rise in precious metals versus cryptos has happened significantly in the past, by some 637%.
I know people want hard numbers for this prediction, but that's impossible since there are 2 main factors: The price of metals and the price of cryptocurrencies (namely the top 2 here). Maybe one goes up and the other goes down, or they both up but relatively one more than the other.
What one can surmise from this chart however is that it currently looks still very bullish for precious metals versus cryptos. This is backed by fundamentals such as the shifts taking place with basel III, metals held in an extended accumulation phase, and bitcoin and etherium coming down from it's blow-off top.
Bitcoin cycle top projection if epic bear trapNot 100% on how important it is to secure the blue channel but if we close above 36k on the weekly this Sunday, It will only be weekly wicks below the blue channel leaving high probability of securing the channel and this being a massive bear trap.
Put this all together with this Etherium cycle fractal idea:
Etherium cycle projection fractal ideaLook closely at the two. Note we are half way. Prob go to Oct 2022-ish. At end of each stretch, we break above the median line to hit top of channel. Bitcoin peak in the 100ks this Dec-ish. Eth & alts not do so well but still some up. 2022 Eth and alts really get to shine for the last leg. Imo, if this plays out, it explains why the flippening wont happen bc its bitcoins time to shine next and all that capitol going to rotate rn. Bitcoin prob about to outperform for the next leg up(rest of this year) just like it did in the 3/4 section of the 2017 run.
Put this all together with this Bitcoin cycle top projection:
Wycoff Accumulation: This Time, Bears Be Warned Update: Part 2It seems like this has absolutely nailed expectations. And even ran a little faster than anticipated!
We seem to already be in the LPS (Last Point of Support) and BU (Back Up) area.
This is a time we could start seeing profits begin to be taken, and a small cooling off phase. However, during the cool off it should not drop a whole lot lower, and also should put in a much higher low.
As we accumulate into this week it should be an ideal time to load up for the next phase SOS (Sign of Strength) as we begin to flip the market sediment from EXTREMELY bearish, to having hope for the return of the Bull Market. This is the time you will start seeing positive news released, as well as "So and So bought BTC" They need to justify this move with a reason, however the reason is always identified in the charts first. The narrative comes after!
-Please see our previous post for short term targets for this next leg up.
-Congratulations to all those who have held through the mess, you should be rewarded shortly.
-Short sellers, if you're still in profit it may be time to take it off the table.
-FOMO buying will begin quickly once this confidently clears the 42,000 level.
Until then, happy trading! We plan to always keep you on the right side of this thing. :)
BTC LONG: Play the WycoffAfter publishing yesterday's Wycoff pattern, it does appear we did confirm the Spring bounce in Phase "C"
It also appears to be moving a little faster than our markup on the chart, so some caution is advised here.
Again, this will not play exactly to the pattern but it should show some signs that will allow us to capitalize off of this move.
We are looking to begin our Long entry for a short term and long term swing based on the following parameters:
-Entry: Enter on pullback to $33,500-$33,850
-Target 1: Targeting previous automatic response/rally zone between $39,750 & $41,500
-Target 2: $43,150
-Target 3: $49,500
-Target 4: Previous All Time High
Trade invalidated with two 4 hour candle closes below yesterday's spring low point ($30,800).
Follow this thread for daily updates into what we are doing with this trade!
While being heavily shorted the past few weeks, the tides seem to be shifting to accumulation and run into the next phase to finish off this Bull Cycle into year end. When it becomes this easy to short at resistances, it is typically time to flip the script. We have also been extremely well below the stock to flow model for some time now. Though, that is not 100% accurate, it does form some point of reference of where BTC should be based off pure supply and demand.
We are very confident that this bull run is in fact, not even close to being over.
We congratulate the bears up until this point on their successes, however we advise them to take their profits as it is now the Bull's turn!
$ETH ready for higher highsETH has found a bottom post BTC collapse $1691 consequently pulling itself back into the over trend of the ETH market.
Having bounced x3 on that line it seems to find comfort support here therefore confirming the trend is back in.
1. Watch the yellow dotted line we could have a shard uptrend considering the volume
2. failing this our general support white whole line should bring us to the top of this ascending wedge.
Note MACD is looking to cross over as well indicating a bullish momentum
Red scenario heavier resistance @ 2900
Yellow scenario breakthrough
Blue lines are our targets along the way
New Custom Precious Metals vs. CryptocurrenciesThis is my new favorite custom PMs vs cryptos chart method. It adds together gold and silver multiplying the latter by the gold:silver ratio so they are on equal terms, and similarly with bitcoin and etherium, with eth multiplied by the current btc to eth ratio.
The chart is looking to complete a cup-and-handle formation, which would be bullish for precious metals over crypto in the short-term. Looks like cryptos could very well win out in the long-term. A prudent trading strategy would be having the ability to trade between them quickly, easily, and with the ability to set market orders.
In order to trade btc, eth, with allocated physical au (gold) and ag (silver), along with the fiats usd, eur, gpb,
ALL ON THE SAME PLATFORM
I use Kinesis: kms.kinesis.money
Happy trading!
This is not financial advice.
Ethereum, ETH - important words about trading ETH now👇🏻We're in a range. As you know, opening a position when the price is in the middle of a range is the worst idea. Because your stop-loss is big. The best way, wait for the moment when the price will be near the low border or high border.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Quick Short on ETHUSD. Hello Trenders,
In a calm market trading sideways is quite boring.
In the other hand is exactely there you learn to trade with disipline.
Learn to setup the chart, Analyse, set a target, always a stop limit and stick to your strategy.
If all this is stresful for ya, you are not made for this profession.
Now Eth has broken the bullish triangle and actually is in a smaller bearish triangle. Volume-tend-momentum-volatility are quite low.
Short it in steps of 80 USD then lower your SL time.
Good luck
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
EMAX LONG POTENTIALcurrent volume is at $34,259,884.20
with a daily low of 0.00035 .
swing low was initial entry and secondary entry on 61.8-50% FIBB Retracement.
fundamentals of cryptos may be purely speculative as seeing volume increase with a 24/hr period i believe the highlighted AREAS provided sufficient Price Action/ Technical Analysis entries.
Custom Precious Metals vs. Cryptocurrencies chartThis is a composite chart of Gold and Silver versus Bitcoin and Etherium. There is a fairly solid bottoming formation that could turn in to a cup and handle. This would be very bullish for precious metals. Fib retracement of 100% could return to a ratio of 0.39. This would be likely in a scenario in which cryptos continue to decline in value while precious metals continue to increase relative to the dollar.
To be able to play this market, it's best to have a way to easily move between top cryptos and allocated contracts of physical gold and silver.
Luckily there is such a platform. It's called Kinesis: kms.kinesis.money
and if you like you can read more about it here:
www.reddit.com