CryptoAddict77

CryptoAddict77

ETHUSD is forming a triangle on 4h chart. I have used the daily chart however to show how this pattern fits in the larger timeframe. It fits perfectly with the bigger trend lines and the horizontal support and resistance. Short at $131 or lower. (wait for a confirmed 4h candle close bellow $131) Target: $115 Stop: $135 RR 1:4 Good Luck!!!

CryptoAddict77

A very clear bearish RSI divergence on daily chart. MACD cross over Long term resistance can bee seen on weekly chart. Short in the area of 0.01225-0.01275 - the higher the better :-) Target: 0.0099 Stop: 0.013 Good Luck!!!

CryptoAddict77 Updated 

Very good RR trade and will know fast if it's wrong. Short at current price or higher ($3,610 right now) Stop at $3,700 Target $2,500 Good Luck!!!

CryptoAddict77

I expect a pullback to support (horizontal line as well as trendline from the lows) Short at or above 0.009800 Target: 0.009325 Stop: 0.09950 Good Luck!!!

CryptoAddict77

Price could not even retest the breakdown at $3,500. So far it looks very bearish with no strength on any rally. There is a potential setup of bullish RSI divergence on 4h chart. If we make a new low at $3,300 and a higher low on the RSI. $3,300 should be a buy on the first touch. Next support is near the lows around $3,200. Bellow that we are going to start...

CryptoAddict77 Updated 

A very simple descending triangle is forming on 4 hour chart. These have a high probability of success on ETHUSD and have played out many times in the past. A 4h close bellow $115 will give us a target of $100 Short below $115 Stop at $117 Target $100 Good Luck!!!

CryptoAddict77

I doubt it, but if we get another touch of the semicircle triangle around the $3,850 resistance it will be a really good chance to short with a potential measured profit of about 36%. This will also enter the long term area that I am targeting for long term longs. ($1,870 - $2,450) Short at $3,700 - $3,850 Stop at $4,000 Target $2,450

CryptoAddict77

Resistance level around 0.0000122 Support level around 0.0000112 Until these levels are broken trades can be taken to play the range: Short the resistance level and cover near support Long the support level and sell near resistance Keep tight stops under/over support/resistance Once we have a confirmed 4h candle close under support order over resistance you can...

CryptoAddict77

Notes on chart

CryptoAddict77

ETH should find support in the 0.0332-0.0337 area. There is horizontal support as well as support from moving averages in that area. Entry: anywhere in the 0.0332-0.0337 range Stop: under 0.0330 Target: 0.0360-0.0365 Timing of the reversal: 24-48 hours. Alternatively under 0.0330 there will be continuation of the current downtrend from the local top. Good Luck!!!

CryptoAddict77

I am using Bitfinex chart for this setup so prices will be a little bit different than XBTUSD (BitMEX) and BTCUSD (Bitstamp). Go long on a break of the small horizontal line and the big down trend line. (around $4,050) Stop around $3,900-$3,950 3 Targets listed on the chart. Take a 1/3 or 1/2 short with a wider stop at the T3 level. Add to the short at the T2...

CryptoAddict77 Updated 

Entry: Short bellow $3,680 Long above $3,830 Targets: for Short: T1: $3,470, T2: $3,300 for long: T1: $4,050, T2: $4,200 Good Luck!!!

CryptoAddict77

Buy on a break over the top horizontal line of the consolidation area. Target: 0.000018 Good Luck!!!

CryptoAddict77

After a resolution of the current consolidation which is a semicircle triangle we will see another big move of around $550. Position accordingly after a confirmed break. Good Luck!!! Merry Christmas!

CryptoAddict77 Updated 

Not going to add much notes in here and leave the stop and entry decisions to the trader as everyone has different preferences. There are two scenarios that will play out over the next few days. Stay safe. Merry Christmas! Good Luck!!!

CryptoAddict77 Updated 

If we break the resistance cluster at $3,600 next area will be $3,900-$4,100 On the downside, a test of $3,400 should be a good buying opportunity. I expect $3,300 to hold for now which can be used as stop. Good Luck!!!

CryptoAddict77 Updated 

There is a big bullish divergence on a few time frames going all the way up to daily. Yesterday candle is a kind of a reversal candle. It would have been way more convincing if it was a hammer and green. That said we are oversold and due for a bounce. The Bitfinex shorts are near all time high at 42,000. Buy on a break of the blue trend line or a break of the...

CryptoAddict77 Updated 

Go short on a break of the bottom trend line (around $4,050) Target: $3,050 ($1,000 profit or 25%) Stop: $4,200 Good Luck!!!