CBOE Announces Ethereum Futures Is Coming Soon...Ethereum has been struggling to gain any momentum since the start of the year.
It had a 57% rally in April, but it has been all down hill ever since.
There are issues with scaling.
There are issues with mining.
There are issues with ICO's panicing.
However, today the CBOE announced that they will have a Futures market coming very soon for Ether.
There's a lot of controversy around the futures market and crypto as many of you know.
When the futures market was released for Bitcoin, the price has done nothing but go down from it's all time high at $20,000.
Let's do a break down of what to look for.
We can see that the fib levels are very respected on the monthly chart. It had a very strong bounce previously on the .786 and in April had wick to the .886 level.
When we look at the RSI, we can see that a swing low pattern is forming along with a symmetrical triangle.
I am expecting a break to the upside of the RSI as ETH hits the support level.
ENTRIES:
The Entry We are looking for is .038 - .039 with a stop below.
A second entry can be on the .886 level from .024 to .025.
Margin Longs are starting to climb again on Bitfinex, which could give us the catalyst for one more price drop to our entry zone.
If we see the .786 break and the long term diagonal trendline break, we may see a longter term bear trend.
I am working on a fractal I saw with Ethereum, but I'm not finished with my analysis yet.
Make sure you like this chart if it helped you and I'll be posting more analysis soon.
Etheruem
Ethereum "Buy the Dip" SituationTechnicals indicate this steep sell-off is exhausted. A rally will ensue.
PSAR's on Crypto-Index are all still bearish , but it has been a very steep decline The CARSI shows both the RSI of ETH and the Crypto-Index are oversold.
Sorry I couldn't put this post together even a couple minutes sooner.
Trip Down to $300's inevitable for $ethThe cover photo for this idea submission pretty much covers it all.
Just in case it is not shown clearly (they always show all of the other indicators on the chart for some reason), but here is the TradingView picture where you can see what I am outlining:
Basically I see that $ETH is looking to break out of the trading range that it was in for some time, and it looks more and more likely that it will end up simply falling through the support that it has been clinging to over the last few days.
It's still not even giving an oversold RSI reading on the daily, which means that we really can't say that all the momentum has waned (despite the fact that it has depreciated substantially against $BTC). I did not look into that pairing, so there may be information that I overlooked to some extent that would have otherwise impacted my analysis.
Despite that, I feel confident in placing the idea for a short trade.
Disclaimer: This is not financial advice and I am not a financial advisor. I am also not invested at all in Ethereum, nor was I paid to say what I just said above and in this disclaimer.
Basic Analysis for ETHUSD based on Bollinger Bands.Hello everyone,
This is my first educational idea on Tradingview and I hope it would be useful for many, your comments, supportive ideas or the counter ones are welcome. I admire sharing ideas in respectful way, after all no one has the whole image, and who claims that is not truthful with themselves, whoever they are.
Let me introduce myself first, I'm a blockchain enthusiastic who believes in the concept of decentralized networks, not only for money transaction solutions but also in the technology itself, what blockchain technology is capable to provide is massive. I'm not an experienced trader, I just started trading my self for less than 1 year, but I like analysis and looking at the bigger image, I usually go long with an appetite to hodl, usually it pays off, even if you bought at the peaks.
However, the crypto market is still lacking regulations, thus why we have this massive fluctuations in this market which is very profitable (at least for many) and also may lead to catastrophic situations if we don't double check on all factors surrounding any buy or sell order.
This basic analysis is based on a simple idea of Bollinger Bands on the weekly chart of ETHUSD, as we can see on the chart the down trend which is marked by a red "bubble" is almost finished, we just started a new yellowish in color bubble, but this bubble is still young and lacking the right momentum for a massive bull run like the one we had by the end of the last year, in my opinion side ways trade will keep playing for the next 3 months (maybe less, maybe more) in values between 300-400$ before a breakout. This expansion and deflection of the bubbles implies on all cryptomarket, including BTCUSD pair.
The main question is, for how long this bottle neck would last? Did we get through it or not yet?
I don't think there would be a breakout for the next major uptrend before touching the 350$ levels again, it's the next main support for ETHUSD on the weekly chart, which is a strong support zone and it was active many times especially in the end of the last year. However, that level could not be the bottom of Ethereum, after all ETHUSD started in way less values last year, from 7 to an impressive figure of 1400$, this led to drawback in the market and we are experiencing that right now. We don't know yet how far in terms of price and time this correction would last, but I don't think ETHUSD would go less than 3 digit number in the foreseen future. After all Ethereum is a protocol and it has many implications that would be useful for businesses and organizations, it gained a lot of attention and after the rally last year which gained a lot of exposure that won't wear off easily.
This idea is not obsolete nor complete, but I would like to add updates to it when the market starts to show where is it going exactly, your comments and arguments would be very valuable and feel free to express in the comments section.
This idea is published for educational purposes only, and it shouldn't be considered as a financial advice.
ETH Battling EMA 12 4 hour Resistance ETH bulls took a step ahead of BTC with 4 hour inside bar bull break and test of EMA resistance on the 4 hour.
We have rejected the initial attempt and now consolidate as bulls try and keep hourly EMA support.
Keeping an eye on the bull 4 hour MACD cross closing in as well.
Lots of sideways trading the last couple days and the bulls are far from proving anything on the 4 hour and daily charts yet.
Still holding a smaller swing positions to prevent FOMO and allow for some smaller gains while waiting for more confidence before risking more capital.
Patience is the name of the game, with these slow bounces there is no need to try and nail bottoms.
ETH Daily Inside Bar Forming ETH is currently holding up a bit better than BTC as the daily higher low pattern is still intact, where it has already been lost for BTC.
We are clearly seeing consolidation and looking for a higher low on the daily for BTC,
ETH has not given such clear signals that we are done this bullish move yet.
Two scenarios are BTC forms a daily bull flag and looks for continuation in which case ETH would benefit without the need for much daily consolidation.
If BTC pulls back more significantly and looks like a few days of consolidation are coming, we will look for ETH to pull back to try and form a higher low in the $570-580s. Anymore pullback than $570 and we will look for a daily equilibrium before a break.
Best case scenario for all bulls is confirming the weekly reversal candle... which would mean brief consolidation to start the week and bullish continuation the 2nd half.
ETH/EUR Downtrend ( Ethereum analysis) Looking at the hourly there is a clear downward channel formed. However we did see that the last candle breached the Bollinger field, so we could see a short term bounce slightly higher that the previous bounces we saw inside this channel.
Thoughts and opinions welcome.
ETH/USD, Daily Chart Analysis 5/26Implications and Outlook
1. Ever since Ethereum fell to the $546 Coin Dip level on May 24, the bulls are attempting a rebound from this completion to Mean Resistance of $680.
2. However, if the bears prevent this from happening by initiating the break below the Mean Support of $570, a decline to Mean Support $500 will be in the cards.
3. The violation of the intermediate-term Mean Support of $500 will undoubtedly bring serious of the severe intermediate-term bearish implications, having additional downside target to Key Support of $370.
4. Current bullish/bearish bias is 60/40
5. About sliding crypto markets and opportunity to increase our portfolio holdings, please see: www.tradingsig.com
ETHUSD Bouncing back Up?1D Techinical Analysis shows almost 9 days in a row on the green side. Normally after that it came a retracement period (seems it was yesterday). Maybe not enough retracement after 9 days going up (we will see)?
Our trade intends to catch the bounce back up to continue the lately Uptrend after yesterday retracement. Our Entry point would be 535 with a very Tight stop loss (Before traders we must be risk managers :))
If we don't reach our entry point, then no trade.
Trade management and execution:
I would take 1/4 of my position at each Take profit point.
If after reaching T2, price come back to entry point, I would close the remaining position at the entry point.
MT Alberto
Long XMAS Game Strong - No Market Sentiment in sight.With the , and , we can estimate that the price will
fluctuate between the , and the . Each set of
brackets capture an indicator's landmark, and the range in which it is being assessed. The coalescing of FOUR major indicator, in two pair - sets, make this a poignant assessment of PURELY technical analysis. Email me at hellomoto1123@gmail.com for trade advice. Cost $50 per pair for Technical Analysis using 3-6 indicators. No Market Sentiment analysis offered at this time.
You showed me the way (ETH)The recent dip took me back to the drawing board and I'm still in a long position and the outlook is great.
Symmetrical triangle can transform to a gigantic bull flag opening doors to uncharted territory.
We have a potential inverse head and shoulders forming as well.
Good stuff.
ETH is playing the symmetry perfectly and fibs are showing the way.
Don't doubt, just believe !
ETHUSD 1h - caution does not mean sell but respect the buy levelExceptionally full comments on ETHUSD 1H ASIA UPDATE
Following recent update of the count in 4h, we have a bullish sequence from 358.40 and therefore 498.34 will act as our main invalidation level in this sequence. For now, having had a motive 5 waves from 498.34 that ended at 624.75, as long as above 573.58 we should see at least 699.99-729.82 with possible extension to 778.11.
This means that we are already at equal leg area and that cycle is mature but I expect one marginal new high to complete the sequence from 573.58 low in a motive 5 waves.
Path is pretty clear up to red -3- but then we are exposed to bears and coming sessions will be important. Indeed, there is nothing to confirm that we will have a motive 5 waves up from 358.40.
Invalidation level to the upside is 573.58 and 498.34.
I'd prefer the other setups given this morning. Be safe with ETHUSD. I won't participate.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
XRP almost thereLooks like ripple is about to complete a ABC correction and will be looking at the 100 day moving average as support to complete the formation then im looking for a bullish impulse wave up. This coin has a lot of controversy in the crypto community but nonetheless it is a fundamentally solid coin and should continue to gain strength as this bull run continues to heat up.
Thank you for viewing and i would love to hear back from some of you. As always i have to say this is not financial advice but merely my opinion on what i see on the charts so DYOR and happy trading
Made this for the Ethereum lovers that wanna go all inHey Ethereum fan boys hope your day is going well I know mine is.
I can't believe you really panic sold all your precious Ethereum tokens this low again! oh wait actually I totally can because humans are emotional creatures that never change.
The title is a joke never go all in on anything! or all out for that matter (yes I'm calling out the people that are 100% in USD or USDT right now WHAT ARE YOU THINKING?) risk management is key I like to keep the following for my trading accounts.
30% - 40% Bitcoin
30% - USDT/USD (sometimes a bit less sometimes a bit more depending on how much Crypto I have accumulated in times of high panic or how much USD and USDT I have accumulated from the times with heavy greed)
Remaining % in Alt-coins (usually 2 - 3 month setups)
This is a really good spot to pick up some oversold Ethereum though if you don't have any you might as well buy some or start to average into this panic.
Also quick warning _ people you need to learn how to stop checking around on twitter / tradingview for TA all the time and start doing your own TA so you can get a clear perspective on the market this helps so you don't start following bad traders and also so you don't get caught up in the FUD and terrible TA swarm that thrives on twitter and tradingview I have seen top artist that don't even know how to draw a correct H+S pattern so you have to be mindful of who you trust even if they are popular on tradingview / twitter make sure they have kept a clear head through all of the price movement and are unbiased to both directions or outcomes (using primary counts and secondary counts so you can make plans for both outcomes.) it is also important to pay attention to their level of accuracy with entries / targets .
Anyways hope everyone is keeping a clear head and accumulating in this dip! Crypto is far from dead and these coins will do bullish market cycles again - goes back to the start humans never change the mood of the space will change though and people will start impulse buying again just as they impulse sold.
ETH-USD (Coinbase/GDAX) Bull Flag Forming on 1 Hour Chart. I put my long entry in at the crossing of the conversion line, held and still holding. Looks like we have a bull flag forming on the hourly. I'm going to be adding to my position here during the conformation. I believe this is the breakout that we've all been waiting for and i'm getting long as f**k. Game time!
MOD might be looking to go downMOD went up by a lot yesterday and now it has to cool off. I would sell and buy at the entry and the target point.
ETHUSD - Symmetrical Triangle BreakoutAfter considerable resistance for 3 back to back days, 22 November 2017 daily candle of ETHUSD finally closed above the symmetrical triangle and the digital coin looks very bullish to break the All Time High. Although 396.00$ looks a tough resistance to break. If the coin breaks that level and sits outside the symmetrical triangle we may expect a move till 415$ . Failing to do so and bearish movers if get successful to drive the market back to the symmetrical triangle then ETH may face the correction till its last support that is 340$ .