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ETHBTC O.I.W to last buy zone?Welcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Ethereum. This analyses is a followup from our previous analyses which will be linked below, where we caught the over 100% gain for ETH/BTC to exactly 0.04BTC. There has been a lot going on around Ethereum , Ethereum 2.0 and Defi which has all helped to the current bullish view that a lot of traders have on Ethereum . We will be analysing ETH using a top-down strategy, including candlestick patterns, indicators and price patterns. Monthly : - Bearish engulfing close - MACD Bullish - Tested 0.04 btc for the first time in a long time - Tested 50MA - Tested 0.786 as a resistance - Volume is still flat Weekly : - Last candle closed as a bearish engulfing candle - We have tested the 200 MA as stated in the previous analyses - First retest of the 100 MA (Yesterday) - The MACD crossed bearish - Approaching 0.618 Fib. support - Volume is still flat Daily : - The last daily candles closed as bullish engulfing followed by bearish engulfing and the current candle is starting to look strong upon touching 100 W MA - We had our support tested and confirmed at 0.03. - Death cross from the 50 and 100 MA, following the drop below the 200MA - We have a bearish MACD with potential In summary: At the moment things are not looking great for Ethereum against Bitcoin. We have the long term bearish signals from the monthly to the weekly. The bright side is todays candle, which is a test of the 100 Weekly MA. If we might overthrow the last daily candle then we could be in for a fast v shaped recovery. Vital here is to overthrow the 200 daily MA to switch the trend back to bullish on the daily timeframe. If this upwards movement that we are seeing today is not going to sustain then it would be logical for us to go down between the 50 and 100 MA stretching to the 0.618 short term support located around 0.025 which would be a vital support area to sustain the upwards momentum. This would be the ideal and maybe even last zone for buys, if this support fails then we might be in for a hard time with ETH/BTC and we will ofcourse let you guys know in time! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like ! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
Long
by ForAllCrypto
Bitcoin highest monthly close ever Welcome fellow Tradingviewers, This analyses is a follow-up from our BTC halving TA and the followup from that analyses analyses has proven to be effectious. (which will be linked in this analyses) If you haven't already consider reading that analyses before going deeper into this one. Since that analyses we are now on a 100 day streak above $10K and approaching new highs lets break down what the market is showing us. In this analyses we are going to show you our view on the current market situation for Bitcoin . We will be analysing BTC using a top-down strategy , including candlestick patterns , indicators and price patterns. Monthly: - This close was the HIGHEST CLOSE EVER for Bitcoin (By $20 on Finex) - The monthly close was a bullish engulfing candle. - Breakout immenent, with breaking ATH close price. - We are still above all moving averages. - Volume keeps increasing. - Higher High seems immenent. - Bullish MACD Weekly: - We closed the weekly as a bullish engulfing candle. - We still have the strong trend from the W formation on the MACD. - The MACD is bullish and shows strength. - We are well above all MA's - Volume increasing - Forming a Higher high according to analyses one. - We closed well above the 0.618 Fib. Level. Daily: - We closed the last daily candle as a bullish engulfing closing above $14K! - Clearly closed above the 2019 high. - The MACD is bullish. - We are well above all MA's - Volume increasing. In summary: Things are looking very Bullish for Bitcoin, the highest monthly close ever could result in heavy buying pressure from retail, smart and institutional money. We have seen crazy adoption by companies as microstrategy, paypal and square in the last couple of months. More companies will follow and with a graph like this we can only start to imagine what kind of companies/funds these are going to be. We ofcourse do not want to fall for FOMO and therefore we need to keep our vision clear. The still undicided elections are also things to take into account, this can create chaos in all markets including Bitcoin and while Bitcoin investors are mostly in GREED mode it will not be completely unreasonable to think about a pullback to squeze out the high leverage Long traders at the moment. But for now there are very little bearish signals from our perspective, support levels are also located in the chart. The lack of trading patterns is worriying making it difficult to set up targets on the current rise for the long term. If you disagree and see a price pattern, make sure to leave it in the comments with according targets! We broke above the 0.618 FIB. Level which has historically been a important price for Bitcoin. The next aim from here would be the 0.786 located around $16300. So we broke out of the downtrend and are forming the higher high that is going to move Bitcoin to higher grounds. This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
BITFINEX:BTCUSDLong
by ForAllCrypto
Eur/Usd: 1 Hour Chart - Oct. 12 2020 ShortAfter gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this region will take the Euro back to daily support (1.18000-1.17900 or (EI)), if support breaks the Euro can retrace further towards channel support && demand levels ((EII) or 1.17800-1.17300 region). CONFLUENCES: *Rejected weekly gap down *Creating lower lows on hourly *4 hour bearish candle wick vulnerable *Buyers momentum receeding above 1.1800
Short
by DaReal1
[XAUUSD] Buy Idea - Bullish Pennant on D1We are observing the formation of a bullish pennant formation on the daily time frame. A top down analysis allows us to observe the pennant on the Daily, and understand that before price makes its way into a bullish formation, it must respect the horizontal support line. Our buy limit is set at the bottom of the horizontal support as it pertains to the last two lowest wicks in the formation. We should be able to snipe it and follow our take profits as gold rises into the resistance zones.
FOREXCOM:XAUUSDLong
by growthbank
VETBTC following the planWelcome fellow Tradingviewers, In our last analyses we clearly showed everyone the buying range from 58-60 sats catching the wick of the weekly candle perfectly. If you would have bought in that area, you would now be in a profit of around 30% which is a nice start for just a few weeks. Monthly : - Monthly close above 78 sats would be a big deal because then we would have our 3rd bullish engulfing on the monthly, indicating more upside. Weekly : - Last weekly candle was a neautral one. - We are currently testing the 50MA resistance, breaking above would be bullish, for now indicating more downside momentum. - RSI is neutral - MACD is still bullish, indicating more upside. Daily : - The last daily candle has closed as a bullish engulfing, indicating more upside momentum. - We are currently testing the last resistance when it comes to MA's Currently testing the 100 MA - MACD is still bullish, indicating more upside momentum. - RSI is in neutral territory In summary: The most important thing to watch now would be the breaking of the 50 MA weekly, if we manage to break this resistance then we are almost certainly ready to test the 100 sats area! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like ! If you want to share your thoughts, please do so in the comments below! Kind Regards, FORALLCRYPTO
Long
by ForAllCrypto
SYMETRICAL TRIANGLE ON BTCUSD AND SUPPORTHELLO ALL THIS IS MY ANALYSIS BASED ON PURE PRICE ACTION ON BTCUSD AND THIS IS HIGH PROBABILITY TRADE WITH RISK REWARD 1:2 . SO MUST TAKE THIS TRADE …. HOW TO TAKE THIS TRADE? ONLY TAKE ENTRY ON THESUPPORT AREA MARKED ABOVE AS BLUE AREA AND TAKE ENTRY ONLY WHEN YOU GET ANY GOOD REVERAL CANDLE LIKE EVENING STAR , ENGULFING CANDLE OR PINBAR … STOPLOSS IS RED LINE MARKED ABOVE AND TARGET IS BLUE LINE MARKED ABOVE .. IF YOU LIKE THIS ANALYSIS THEN PLEASE LIKE THIS POST AND FOLLOW ME FOR DAILY TRADES LIKE THIS … HAPPY TRADING :)
BITFINEX:BTCUSD
by udit11
CADJPY POTENTIAL LONG THEN GOOD SELLIf price breaks above the inner trendline then we would be looking long to level 83.00-83.200. Once price reaches this level we would ideally be looking for a short setup down to 80.00-79.850. However, we take it step up step and be patient with the trades. On the one hour window the 200 EMA is acting as Magnetic Resistance in our target area on the upside. However if price breaks above the downward trendline breaking above 83.250 then the trade setup to the downside would no longer be valid. If we do have strong bearish PA at this level we would be looking short down to 81.650 then 80.000 for a 300+ pip downside move.
Long
by SERGENAYTUG94
GBPUSD SHORT TERM BUY THEN POSSIBLE SHORTWe are looking for a possible long up to 1.43250 as we have an bullish harmonic in play, oversold on the stochastic; price bouncing off the 161.8% “D” extension. As you could see price broke below the channel; we are now awaiting for the retest (Bullish Harmonic Target) creating a possible 3rd lower high TL bounce. We can look for b bearish PA around 1.43250; on confirmation we would look to sell down to the 161.8% level 1.4000, if this level is breached then we would be looking for our downside target of 1.38550.... CAREFUL OF THE EU REFERENDUM
Long
by SERGENAYTUG94
GBPUSD SKACAPITALAnalysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the trend line the next downside targets would be 1.5200 then lower. If price breaks above 1.6000 then the next target would be 1.6500. For day traders on the opening of the market price may reach 1.6000 so careful when setting up the trade. If you are a swing trader stop losses should be above 1.6000.
Short
by SERGENAYTUG94