ETH Net Position points to up pricingETH net shorts positions are at the lowest point in the historical range. This reduces constraints on pricing and you can also see that the shorts are being closed as the pricing moves up. This clears the way for ETH price to move up significantly before bears start reacting again. Everything is pointing towards a wild Christmas and New Year before another pull back through spring.
BETHXBT trade ideas
ETHUSDLONGSETHUSDLONGS
On the chart, there was a sharp collapse in ETH longs. This is a likely signal for a subsequent correction of the coin.
But this does not mean at all that the collapse will happen tomorrow or within a week. Perhaps the correction will follow only after six months.
If there is an update, we will notify you.
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ETHUSDLONGSETHUSDLONGS
Thoughts
At the moment, we are seeing a new surge of interest in ETH long positions from traders. This growth is extremely interesting, because the last time such "green" sentiment was observed at the beginning of 2023, after which we saw a strong drop and subsequent consolidation almost 4 months long.
The growth of longs will mark an increase in interest in the asset from buyers, which in the future may mean the upcoming green chart.
But do not blindly look at one indicator or factor. Look at the situation globally and make informed decisions.
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ETH's canary in the coal mineThe ETH long to short ratio can tell us a lot about positions in the market and the corresponding impact on price. When this ratio is over .5 start to worry. When it moves into the high water mark, it is time to start closing longs and building shorts. This is a long term perspective and not for short term traders.
ETHUSDLONGS are buying again wait for the bottom... in 40 daysNot that we are at the bottom yet, but whales are beginning to accumulate. I believe there will be more downside over the next few weeks. but when this is up 32% already today, somebody sees this as a buying opportunity.
notice the pattern, 2 large buying days plus 40 days from the first large purchase date, has signaled a local ETH bottom.
Following that pattern 10/26/2022 could be the bottom for ETH.
Good Luck
ETH Q2-Q3 2022Publishing my outlook on Ethereum for the next month or two. If I had to guess, this does another fake out short-term before both equities + crypto go through their capitulation stage.
Expecting ETH to reach the 440-530 range before it's starts a true accumulation range.
Note : all lines drawn on the 3d, but want to publish in the 1d chart for daily tracking.
Previous BTC idea:
Playing out according to plan so far:
ETHEREUM IN A BIG DILEMMA *ETH/USDEthereum is forming triangle pattern. If the upper boundary breakout the triangle, we can see definitely good potential for long entries with target 3000-3200$.
On the other side if the price breaks out the lower boundary of the triangle we can see test and break of 2000$-1800$
In a Daily chart ETH/USD found support at the previous key area of interest, it is about to retest resistance 2900$, if the price pass through this level, next are predicted from the analysts is 3200-3500$
As long as BTC remain stable, ETH has the chance to recover in the bull direction.
ETHZ20 playNice idea if we are already long ethusd, as I currently am, playing it carefully as it is likely that we get stopped in the short trade, but if we do we can flip long with a very high probability of hitting 0.049 target ending in profit overall...
If short idea plays out, we can safely flip long after closing
ETHUSD Longs. P-Modeling Pt 1. The Black Swan Fuel of CajunWelcome Hyperspace Travelers,
Hope you were not caught long at 12k... Ooooof..
You should probably check out ETH.USD longs...
Just look at all the death fuel.
___________________________________________________________________
The Fuel for the Black Swan Event for crypto lies in ETH.USD Longs...
It will lead the death march with Bitcoin..
Please See latest.
RIP.
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Eth Target $14.00.
Bitcoin Target $955.
All hail the Black Swan. You beautiful creature you.
I finally found you.
Thanks for Pondering the Unknown with Me,
Glitch420