TradingView
AlanSantana
Dec 1, 2021 8:29 PM

Ethereum Crash Potential Developing | Important Altcoins Update  Short

Ethereum / U.S. dollarBitstamp

Description

This is what I just saw on the 4h timeframe for Ethereum (ETHUSD), looks bad:


Here we have a lower high compared to the 10th of November and multiple bearish signals developing.

If Ethereum goes bearish Bitcoin also goes.

Keep this in mind as we are back in the bears hands if this continues to develop... Prices just breaking below EMA10.

Here we go...

Conclusion

Bitcoin, Ethereum, Cardano, Solana, Dogecoin and all major Altcoins go bearish. The correction continues.

Mainly Altcoins vs Bitcoin grows move green/grow.

Namaste.

Comment

The markets are live 24-7.

The charts are always changing.

Your job is to plan before hand for all scenarios...
Adapt if you got it wrong.

Don't blame me... One day it goes down, the next day it goes up.
Comments
Cryptoxamp
Mate, it would be great if you don't change from bullish to bearish every hour, thanks
AlanSantana
@Cryptoxamp, If I don't write about this development how will my followers know?

Were you aware that ETHUSD is likely to drop now compared to just yesterday?
The signals showed up just now...
lonewolf93
@AlanSantana, please keep posting as you see the market. It is indeed very helpful!
Pasovic
@Cryptoxamp, the market is on a tipping point atm. Hours is all it takes sometimes to get a heavy correction or an umpulsive uptrend. A few months ago elon musk and the usual banFUD trolled us in to higher highs and a harsh correction to 36k and lower again. You feel this market is biting it's nails to either sell or fomo in, instead of slowly accumulating. Or am i wrong?
Vestige
I am about to type this but I think it's unavoidable, too many traps and uncertainty. Probably better to wait however instead of impulsively posting a new one (I am saying this in peace not trolling) to give longer perspective or if not tell your followers to not take a trade first
AlanSantana
@Vestige, Thanks a lot for the feedback.

The long term trade ideas are always good.
The short-term ones can be taken less seriously.

For our trades, mainly ALTSBTC, always good, always the same perspective since August 2020.
Long-term bullish.

Major Altcoins + Bitcoin likely to correct more.
Smaller Altcoins growing strong.
AlanSantana
@Cryptoxamp, Can you see?
goldhand
Thank you for keeping us updated ! We all understand that sometimes the chart and signals can change within hours, especially in the crypto market were volatility is very high!
AlanSantana
@goldhand, Thanks for the support. It is good to know.
SabahEquityResearch
Great analysis
More