ETH ENTRIES + EXITS FOR THE WEEKHow To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -30 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
I will be updating these charts letting you guys know the pip counts for the trades.
#ExclusiveFX
Ethsignals
Ethereum, ETH - I expect on local correction👇🏻Preconditions:
- broken local trendline
- head and shoulders
- pressure of key level
Write in the comments all your questions and instruments 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
Ethereum, ETH - 57% drop😰when to buy?Price dropped 57% from high😱 Yesterday it was so big liquidation traders who have long positions. If the price comes back to 1950 - 2200, it will be the best zone for buying. The only spot)
Write in the comments all your questions and instruments 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
Ethereum, ETH - everything looks like we'll grow locally.Price is closer to mirror level. A good accumulation from 3500 to 3900. Entry point only after breakout and retest. Don't forget about stop-loss!!!
Write in the comments all your questions and instruments 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
I ANALYZE FOR YOUR COMFORT - ETHConsolidation channel for eth, who is just waiting for a small shot in the ass to take off to new heights. We live memorable times on Crypto, to take advantage while we still have the Bull Market :)
If you appreciate my analysis please like and follow. If you want other tools analyzed, leave their names in the comments, and in the next hour I will publish the analysis. Everything on green !!
ETH/USDT - a great entry point for a long position.Time to buy🔥Preconditions:
- global uptrend
- local uptrend
- breakout of key level
- accumulation
Write in the comments all your questions and instruments 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
ETHUSD ENTRIES + EXITS FOR THE WEEK!How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -30 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
I will be updating these charts letting you guys know the pip counts for the trades.
#ExclusiveFX
End of Ethereum Bull RunEthereum has been going crazy for the past days and has demonstrated a strong dependence on its own.
Now we can no longer talk about its correlation with bitcoin given that ETH kept going up while almost every other crypto melted down.
Ethereum is a strong project and is having great changes, 95% of blockchain projects rely on Ethereum network.
But after the quite parabolic move it had, it is time for a correction.
RSI is at an important level where price reversed many times
We can see a volume getting quite with a price-volume divergence and price-RSI divergence.
The next red candle might be tomorrow or the day after tomorrow and it would signal the end of this bull run.
Just watch out.
Share your thoughts in the comments and support me with a follow and a like for the idea.
Have a good day folks.
ETHUSD Projections for the next 4 months. Peak at 4k or 7k?Back in January 05 (2021) I posted the following idea that (understandably to some extent) was received with some skepticism by the trading community:
** The Fibonacci Channel and the 1.0 Fib lower rule **
As you see the $1900 target was achieved even before my March deadline, but the most impressive thing is how Ethereum managed to trade so accurately in the Red Rectangle of February - April. The fundamental idea of this study was that ETHUSD is trading on a Fibonacci Channel (Up) which "follows a very specific sequence since May 2020. When a new Fib line High is made, the price pulls back 1.0 Fib below. The Fib zones are quite clearly displayed on the chart. When ETH hit 1.0 Fib it pulled back to 0.0. When it hit 1.5, it pulled back to 0.5. This was repeated several times from May until December 2020, long enough to be considered consistent."
The pattern was confirmed once more (even though the first part was more aggressive than expected) as the price made a new High on the 3.0 Fibonacci extension and dropped 1.0 Fib lower for a Higher Low on the 2.0 Fib. That lasted until early February when the price made a new Higher High on the 3.5 Fib ext and again pulled-back 1.0 Fib lower to form the new Higher Low on the 2.5 Fib ext.
** What's next? Pattern 1 and Pattern 2 projections **
Well if this pattern is extended (and since it has been valid and in effect for 1 year there's no reason to expect it not to), then we should wait and see where the new High is made. Will it be on 4.5, following the more aggressive price action that the more recent Pattern 2 (from Nov 20 until now) displayed or will the price make a Lower High on the 3.0 Fib, following a less aggressive model similar to Pattern 1 (May 01 to Nov 20, 2020)?
** The role of the 1D MA100 **
In my opinion there are slightly fewer chances for a Pattern 1 projection to be realized as this would mean that the 1D MA100 (green trend-line) will break, when this trend-line has been supporting since this aggressive Fibonacci Channel started back in April 2020.
But what do you think? Will ETH follow a Pattern 1 projection and peak around $4000 by August or it will go for the more aggressive Pattern 2 and peak around $7000? Feel free to share your work and let me know in the comments section!
Please like, subscribe and share your ideas and charts with the community!
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🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> tradertrain
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ETH - 4h. Buyers gave up and began a correction to $1560-1600?Good day everyone and have a good trading week!
The ETH market continues to move within two trend lines that form a wedge. The buyers failed to implement the optimistic scenario, which we wrote about in the previous idea .
However, this is not the worst thing. Notice how easily sellers on February 21 lowered the price by 10% and again tested the local critical point - the range of $1850-1880 . After this drop, buyers have not yet managed to regain control of the ETHUSD market. This becomes clear when you look at the price of BTC . Please note that after a sharp drop on February 21, the BTC price was able to renew its all-time high again and test the mark of $58352 . The ETHUSDT price could not repeat this:
Such behavior has started to be done on ideas, so the ETH buyers are coming to an end, and the ear of corrections to the growth of 7 fierce is to be read soon.
A signal of such a scenario will break through and fix prices below the range of $1850-1880 . As a result, sellers will be able to take control of the data in the range - they will be able to extend the price range of ETH to the range of $1560-1600.
The large timeframe shows that the trend line also passes near this range , which buyers have been holding confidently since January 11:
Another interesting fact can be seen by analyzing the dominance charts of BTC, ETH and USDT.
During the fall of BTC's dominance in late 2020, the ETH market revived significantly. However, since the end of January 2021, when the decline in BTC dominance began to slow down, interest in ETH has fallen sharply.
Looking at the situation on the BTC market now, in any scenario, the price of ETH will be in crisis . A sharp rise or fall in the price of BTC will have a negative impact on the ETH market. The only chance of success is the consolidation of BTC above $55,000.
In this case, ETH buyers will be able to hope for continued price movements within the white wedge and tests of the mark of $2070 . This week should be interesting!
________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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ETHREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2021/01/03MARKET OVERVIEW
Price Action: There was a lot of volatility in ETH, driven mostly by high volatility in BTC. ETH made a new high at $788, retraced back down to $750, and now creating a new high as i am typing this.
Chart Patterns: No significant chart patterns.
Areas of Interest: The area(s) of interest for us are the previous resistance @$788 and the 200MAs at $759-760. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/ 01 /01: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC.
2020/12/31: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC.
2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC.
TRADE SETUPS
Below are two potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: Breakout and Continuation
To open a long position, we are waiting for price to create a new high, move back down to test previous resistance as support and then bounce back up.
Trade Entry Confirmation:
1. Price Action: Price creates space between the price and the $788 level, falls back down to $788 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle)
2.1 Ideally Engulfing / Break candle has a large candle body with small wicks
2.2 Ideally Engulfing /Break candle closes near the highs of the candle
3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks)
4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink)
Long Trade Setup #2: Retest and Continuation (200MAs)
To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up.
Trade Entry Confirmation:
1. Price Action: Price needs to move back down to the 200MAs @$750-760 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle)
3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks)
4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink)
ENTRY SIGNALS
Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades.
1. Official entry calls will be posted using “trading active” post type.
2. Potential good trading opportunities that I’m not calling an official entry on will be posted using “comments” post type.
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
RISK MANAGEMENT / POSITION SIZING
Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk.
HOW TO USE MY ANALYSIS
Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily:
1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself.
2. You follow the trade setups and trade entry signals that I give in real time.
MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME!
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
QUESTION: Would you like me to conduct technical analysis on alts? If yes, please let me know in the comments which alts you’d like me to cover.
ETHEREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2020/12/31MARKET OVERVIEW
Price Action: After reaching breaking above the high of $748 and creating a new high of $759, price has come back to test the 200MAs @ $729, and is now bouncing off of that level.
Chart Patterns: We are moving up an upwards sloping support trendline. The 3rd touch of the trendline also coincided with the 200MAs. Whether this trendline holds or breaks will be important for ETH's next move.
Areas of Interest: The area(s) of interest for us is the highs of $759 and a break of the support trendline/200MAs. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP
Yesterday we had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC.
Two days ago we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC.
TRADE SETUPS
Below are two potential trade setups. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: Breakout and Continuation
To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up.
Trade Entry Confirmation:
1. Price Action: Price breaks above the high of $759 with force, creating space between the price and the $759 level, falls back down to $759 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle)
2.1 Ideally Engulfing / Break candle has a large candle body with small wicks
2.2 Ideally Engulfing /Break candle closes near the highs of the candle
3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks)
4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink)
Short Trade Setup #1: False Breakout
To open a short position, we are waiting for price to break above the horizontal resistance @ $759 and then fall back down.
Trade Entry Confirmation:
1. Price Action: Price breaks above the high of $759 and then rapidly falls below $759, forming a bull trap
2. Candlestick Pattern: A breakout candlestick (candle close above $759) followed by a breakdown candlestick (candle close below $759)
2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks
2.2 Ideally the breakdown candle has a large candle body with very small wicks
3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high
4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green)
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
HOW TO USE MY ANALYSIS
Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily:
1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself.
2. You follow the trade setups and trade entry signals that I give in real time.
MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME!
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.