ETHLeading cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and XRP are showing significant gains, according to data from CoinStats. Today, BTC was up 0.91%, trading at $35,171, with expectations of breaking the $35,612 resistance. If this level is surpassed, BTC is likely to reach $36,000 by the end of this week.
On the other hand, ETH outperformed other cryptocurrencies with a gain of 1.73% and is currently trading at $1,909. If ETH surpasses yesterday's peak, it is predicted to hit the critical $2,000 zone by mid-November.
Ethreum
ETH vs BTC? It depends: See why!The TPI (Trend Probability Indicator) tells you if the trend of an asset-class or commodity is bearish or bullish.
It has values that range from -1 to +1, where -1 is bearish, and +1 is bullish.
Values between -0.2 - 0.2 are neutral, and we expect market to be ranging and mean reverting at that TPI score.
The TPI works on all timeframes above the 4H timeframe. I use it to manage a modern portfolio where I use longs and shorts. Here is how I try to mitigate my risk, and maximize my profits by for example reading when ETH will out/underperform BTC.
EthereumPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line or S / R Level. Completed " 1234 - abcd " Impulsive Waves at Fibonacci Level - 38.20%
Entry Precaution :
Wait until it Rejects or Breaks the UTL
BTC still in bearish mode.You can disagree with me, but I've seen so many posts lately saying we're going to 200K in a matter of months.
I'm sorry to tell you that it's not true at all, although I wish it was true because all of us want to earn money now, or better said... YESTERDAY! :)
All of these posts showing a bullish pattern are basing their analysis on the years of the halving, when BTC starts the bullish market. These years are: 2016, 2019, and 2024. Boys, girls, just for you to know, we're still in 2023.
This is not financial advice. Do your own research before believing everyone.
HUT 8 - Time to Let it Reload HUT 8 - NASDAQ:HUT
EARNINGS RELEASE: This Thursday 17th August 2023 👀
⚠️The last 3 quarterly earning reports have had consistent 10% or more reduction to revenues .
o Hut 8 is one of North America's largest innovation-focused digital asset mining pioneers and high performance computing infrastructure provider.
o Hut 8 has one of the highest capacity rates for mining in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally.
o With 9,136 BTC, Hut 8 continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company
o On June 26, Hut 8 announced that it entered a US$50 million credit facility with Coinbase Credit, Inc.
THE CHART
The chart speaks for itself. My ideal entry would be off the POC or 200SMA with three confirmations:
1. MACD CROSS
2. OBV VOLUME BREAKOUT
3. RSI OVER SOLD
Safe Trading folks
PUKA
QREDO looking for an ABC corrections!Kind of Rug pull chart QREDO is looking for an ABC corrections then dump more, The community/holders please notice that next ATH will be max of 0.9$ to 1.5$.
Seriously the Team behind QREDO is the only responsible of the pure manipulation.
Good Luck!
ETH, ETF going great so far!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Elliott wave Impulse, still printing variant.
Hope all those talking heads are right and the BitcoinETF goes a bit better...
Cheers!
LQTY 4hrs bearish retestAs what I said in my last post yesterday that LQTY is currently retesting on daily TF but weekly says pinbar creating…. Currently 4hrs TF says bearish retest is about to happen if that happen means my view on weekly chart will play out… check my last post on LQTY to under better what I’m saying….
Follow for us for more market update….
You can chat us up also if you need help or want to join us in our trading journey…..
ETH - Rebound Soon? 🌦️Cloudy ☁️ and rainy trading conditions 🌧️ lie ahead for the global crypto market in the next 24 hours, signaling a bearish trend with downside risk for most cryptocurrencies. Ether faces an even stronger downward trend, indicating a likely rebound in the short term. 🌦️
Over a one-week horizon, the bearish trend continues for most cryptos, with Bitcoin being the notable exception. A slightly bullish trend with upside potential is likely for the largest cryptocurrency, according to ATTMO. 🌞
Follow us for more crypto weather reports!
ETH - 10/10/23ETH - 10/10/23
**Trade setup:**
ETH doesn't look good one big fall from BTC and we could see ETH fall as far as $750, we are holding ATM on the FVG from previous structure at $1577 to $1466, we break this then we could hit $1000!
If we break higher than $1595 we can still move higher but I would wait for confirmation first!
ETHUSDETHUSD
Thoughts
On the ether chart, we observe uncertainty, as well as on all market assets in principle. The chances of going up or down are literally 50/50.
I would refrain from trading ETH for now, because I don’t really like such situations. But for those who trade, I will highlight the main theses on the chart:
The blue lines indicate the nearest targets in case of a breakout of the chart up. These are the levels: $2113 - $2271 - $2457
Support levels are marked with red lines: $1532 - $1717
Global support is at $1379
Of course, it is worth focusing strictly on BTC and its reaction. While we are monitoring the market and in case of any updates we will inform you about everything.
If you like the idea, don't forget to subscribe and rate like👍
ETH on the Demand Zone!Since the last chart on 04 Oct, ETH went up to 1662 on 07 Oct
Resistance Zone: 1657-1673
Short-term bearish since and a retest at the Demand Zone on 10th Oct
Demand Zone 1531-1568
Demand Zone since 18 Aug 2023
Demand Zone tested again on 11 Sept and 10 Oct
As long as this Zone holds, we may have another dash for the Bulls to the Resistance Zone
A possible retest at the Demand zone
Future Observation
* A large volume on 10th Oct
* RSI >50 = Bullish bias
* Price close above Ma200
ETH/BTC 2025 CRYPTO BULL SEASON !2025 Crypto Rally ETH/BTC !
🍁> The Crypto bull season in 2024 & 2025 will be stronger than the previous bull season (2020-2021). We will see big rises in terms of major altcoins.
🍁>In my opinion, we had a weak rally in the previous season, we understand this from the chart (ETH / BTC). I guess the next bull will be longer and more aggressive like the 2017 season. #eth #btc
>🍁 The blue zone I have marked at the end of the triangle will break upwards (some period between November 2023 and March 2024).
As we know, the rise of altcoins is highly dependent on Ethereum. Strong Ethereum is necessary for a strong sub-season. Therefore, the ETH / BTC parity is critical.
>🍁 I don't know if there will be a final drop in the blue area before the expected rise, and I'm not interested. I am focusing on the big rise ahead. I repeat; the declines that will be experienced after this point are buying opportunities in major altcoins and Bitcoin.
Lets see...
Ethereum can exit of pennant and continue move up to 1660 levelHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price entered an upward channel, where it first declined to the support line of the channel, thereby breaking the 1600 support level, which coincides with the buyer zone. But soon it rebounded up and rose to the resistance line of the channel, which coincided with the 1660 resistance level. Then price at once bounced and declined to the buyer zone, where it some time traded and fell lower to support line aging. After this movement, ETH rolled up to the support level, broke it again, and then made an upward impulse to 1735 points, thereby exiting from the upward channel. Also, ETH entered to pennant, in which it started to decline and in a short time fell to the support line. But a not long time ago it tried to rise, failed and now it continues to trade near the support line. And possibly Ethereum can rebound from this line and start to rise to the resistance level, thereby exiting from the downward pennant. For this case, I set up my target at the 1660 level. Please share this idea with your friends and click Boost 🚀
Ethereum Moving Towards the Rise!Hi!!
After a long time, I came to give you an analysis of Ethereum
As you can see, Ethereum is forming a double bottom pattern in its corrective movement in its support range (1640-1600). At the limit of 1606, with the return of the trend and the formation of the double bottom pattern in the first target, it will reach the range of 1660, and after breaking the neckline and completing the pattern, it can move to the second target, that is, up to the range of 1750.
Ethereum Might Shock Us All
Ethereum, similar to Bitcoin, also remains in a tentative uptrend. We've successfully made Higher Highs and Higher Lows throughout 2023, however Ethereum has underperformed Bitcoin this year and ETH's chart looks less convicing than Bitcoin's.
Critical support must hold for Ethereum at $1,450. If this levels breaks, we will revisit our Demand Zone between $1,075 - $1,235.
Conversely, we are looking for a successful breakout of $1,780 - confluent with our 20-Period Weekly Moving Average.
Ethereum on the Daily indicates that price has driven back down into our Daily Demand Zone. We've ranged between mid $1500s and mid $1700s for several weeks now.
The trade setup on this timeframe is longing from our Demand Zone back up to Resistance, however I'm not pulling the trigger until potentially daily close. I want to see the Demand really come in. Visually that means I want to see a nice bullish candle with little wick at Daily Close, not going to enter on a Doji Candle.
With all that being said, this is certainly forming up to be a Short Setup on the hourly for Ethereum.
The 50-Peroid Moving Average has acted as firm resistance for all of this downtrend, and price has reached that level again. There's lots of pin bars wicking up into this resistance zone.
Patience is necessary, as a potential Change of Character is always possible. Wait to see if ETH breaks out, then we can trade to the long side. However, if we get any sort of rejection away from this level it's a safe short to a lower low.
ETH at weekly 0.618 FIB Retracement-ETH reached a new high at 1751 in recent weeks, creating a resistant zone 1725-1751. It then drops about $126 to a support zone @1625-1641
-This support zone is also a weekly 0.618 Fib Retracement zone.
-STO oversold
-Current Price above ma 200
-Next support @1580-1594
Watch the Price above 1H Bear Trend Line for another test at the resistant zone.
What do you think?