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#ETHUSDT Trading plan!Hello friends! In this idea, I describe the reasons for considering trading in one direction or another based on the following criteria: Resistance level - reversal; There is energy accumulation before the level for a breakout; Prolonged accumulation in a sideways channel; Closing below the level (a good signal); Parabolic energy accumulation before the level; No reaction to a false breakout. It's no secret that the markets reacted in the past week to the bankruptcy of a bank, and the Federal Reserve System turned on the printing press once again. Against this backdrop, the markets began to grow, as they did during the COVID-19 pandemic. Don't forget that tomorrow there is news from the Federal Reserve regarding further interest rate changes, which could affect market reactions. Given the reasons outlined above, I expect the coin to grow in the near future. I plan to buy on a breakout above the level of $1,800.00. Target #1: $2,020.00 Target #2: $2,161.00 Target #3: $2,446.00 in the best-case scenario. Despite all the targets, I will close the deal at any time if I am not satisfied with the market. Be careful, the market is currently very unstable, so enter only at strong levels and with stop-loss orders!!! Wishing you all profitable trades!
BINANCE:ETHUSDLong
by VS_trading
Bitcoin TA - Bottom and Next Cycle -> from 2023 to 2024 Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only for the year 2023 and 2024 about finding possible Bitcoin Bottom and the next counter move/next Top until next Halving. 1.The Tools I used for Analyzing: Various Patterns and channels Fibonacci retracement Volume Profile RSI, MFI and other indicators/oscillators. Observation1: As explained inside the chart, generally in trading, price moves in patterns whether it is triangle or parallel or cup shape or V-shape or zigzag or head and shoulders or any kind. Patterns get created in a concentric way one inside the other based on lower time frames to higher, in general if the price breakout or breakdown from one shape it will enter into other bigger shape/parent shape. Currently we are trading inside a smaller Descending triangle (Green) which in turn inside a bigger Descending triangle (Red). Price respects this Green Descending Triangle, so technically Bitcoin will not Breakdown, perhaps it keeps testing the bottom line. If Bitcoin Breakdown it will be a disaster, then we have to think about it. Conclusion1: I personally think 15473usd is the Bitcoin Bottom of the year 2023. Currently if Bitcoin puts another lower low, still it will be on the bottom line of this green Descending triangle (may be 14345usd, so mostly price will be above 14k). Observation2: RSI and MFI are cooling down and showing Bullish Divergences. Even other indicators like OBV and Stochastic made a slight Divergence. Not compulsory but these indications can invalidate/negate at any time if there is a forcible sell off, but as of now showing some good signals. Conclusion2: Technically due to Divergences created, soon Bitcoin may Breakout from this Descending Green Triangle and enter/start trading in the larger Red Triangle. After Breakout, there should be a counter move/rally and make until Fibonacci ratio at 0.618 level (roughly 50k) or at 0.5 level(42k). Finally, after rally Bitcoin puts a new lower low somewhere in the year 2024. (Since in a bigger picture Bitcoin is trading in a Red Descending Triangle so definitely it will test lower line of the triangle, so it will be lower low in 2024.) Please give a like and put a comment if u have any questions. Thank you, cheers.
INDEX:BTCUSDLong
by nmchary
21
Ethereum-Probability of Bottom and next Bull run-2024/25 Eth This is not a financial advice - this is my personal opinion. Am looking Ethereum in a bigger picture right from the start in and around 2016. -> During 2016 to 2017 Eth made a bull flag at BreakOut1 trading in a parallel channel for some time and it Break out again at (BreakOut2) reaching exactly the size of flagPole2. (The length of flagPole1,2,3 and 4 are of same length). ->BreakOut1+BreakOut2) For more than a decade Eth is Trading in a huge parallel channel without break out or break down from this current channel. Eth tested 3 times at the top of the channel and tested only once at the bottom of channel at (test) creating Double bottom1 for next bull run. ->Double bottom1) This is the Wyckoff accumulation zone making Double bottom for another round of Bullrun with the same length of FlagPole1 but unfortunately did not breakout from this channel. ->There is a slight Bearish Divergence created in the rsi comparing 2018 bull run to 2021/22. And also, it took out the once 1's and twice 2nd making it over sold. This is the data we have until now. Let's Analyze things and make some probabilities based on what we have. In General Eth should once again retest the bottom of this parallel channel at any point testA or testB or testC, not compulsory though but realistically the upside movement is limited. Basically the parallel channels break down at some point of time if the strength of rsi is deteriorating. for example like this: Case1: Double bottom2) Lets think if eth makes the double bottom (at 800 to 900usd + rsi is oversold). ProbabilityX: Breaks out from the channel with the same length of FlagPole the price target will be roughly 45000usd. (Realistically i don't think this is possible.) "No". ProbabilityY: If eth stays in the channel and test the top of the channel again than the price target will be roughly 15000usd.( this is 3 times the marketcap of eth at 5k) i still say "No". Probability3: If it stays inside the channel making higher than 5k- may be 2 times the previous ATH somewhere 10k based on psychological aspect. i say "may be possible". Probability2: If stays inside the channel making same or higher than 5k- let's think 5k or 6k or 7k. i say "may be possible". (In the above Probability3, if the rsi is in down trend than eth may break down the parallel channel at testC roughly at 1700usd, since 10k is huge number, it takes some time to break down from the channel). (In the above Probability4, if the rsi is in down trend than eth may break down the parallel channel at testB roughly at 800usd). Case2: This is my personal opinion that eth will make double top making another 5k or little higher may be 5500/6000usd or little lower than 5k, than making the rsi bearish Divergence again (monthly wise), creating lower lows. Break down the parallel channel at testB and go back to sub 300usd or 200usd level area. for going back to the lowest levels, it takes long time. Nothing goes straight Down nor straight Up - In any direction price moves in waves (If the asset is not Luna than).
BITSTAMP:ETHUSD
by nmchary
2
Bitcoin TA from 2010 to 2022 - Based on previous Patterns/cyclesAs I said I will post an idea different from Elliott wave theory. Not a financial Advice, this is my personal opinion or idea. This Bitcoin Technical Analysis is purely based on studying its own previous trends/cycles and predicting the future cycle. This is not based on Elliotte wave Theory nor am comparing it with DXY or S&P or Dow, next time I will make an idea based on correlation with DXY/Dollar. Before proceeding I will tell an interesting story " The Story of Zombie and chickens". A lazy zombie maintains the chicken farm, since chickens grow and breed faster so the numbers are keep growing n growing. Throughout the year zombie keeps eating chickens and he keeps growing bigger n bigger. Since the zombie is very lazy, he needs help and maintains a dog to look after all the chickens. As per now for every 4 years or so zombie gets seasonal disease and to get recover himself, he eats chickens in a massive number, not all though. Dog also keeps eating for his survival, but after all its dog, so when the dog gets older and unable to handle the chickens, zombie appoints a new young dog to take his place. The conclusion of this story is "Zombie never dies and keeps growing n growing, chickens are born kill and the dog keeps replaced by a new dog". Ok let's proceed with our Analysis. Different traders visualize the charts in different ways based on their own perception. Chart is the emotions of all traders, it's like map of treasures. I see many people use trend lines, Fibonacci, moving averages, Ichimoko or other technical indicators and many other. Even I use many of these, but for this am not using averages or Fibonacci or Ichimoko. Am using RSI and money flow index indicators and triangle pattern for this. 1.Explaining the Patterns or drawings which I created: Chart patterns in longer time frames, price moves in waves or some kind of curves rather than straight lines/trendlines. I made some concentric circles where the price is respecting more (basically support n resistances), that doesn't mean the price goes in a circular fashion and goes back to its origin - zero. Always trend breaks (upside or downside) so may be at some point of time it may break out this circular channel and form a new trend of circles. I created the triangle pattern in this way --> (A)previous ATH-> to ->(B)current ATH-> to ->(C)lowest bearish Point-> to -> Highest counter move). For each Bull of Bitcoin (with in 2yrs or so), it is forming a kind of symmetrical triangle with ABCD waves inside it. (Symmetrical Triangle pattern --> Breaking out of the pattern --> new Bull or new Triangle pattern again). 2.Observation and conclusion taken from the patterns: After deeply observing the previous 3 symmetrical triangles of Bitcoin-Green, Blue and Purple. I was wandering how to make the current pattern. The information I have is (previous ATH 20k (point A) + current ATH 70k (point B) + I took 15500(point C) as temporary Bottom. The conclusion is Green + Blue + Purple triangles are symmetrical in shape. (Symmetrical triangles are mostly bullish and breakout upside not compulsory though). But for the current cycle, bitcoin is making is Descending triangle. Descending triangle patterns are generally bullish as well as bearish depend on where they are created. (At the Bottom OR At top of the cycle). As of now it is at the top (so this means there are chances it may breakdown from this Descending triangle). What I observed is cycle after cycle the width of the triangles are increasing and the height is getting decreased, technically what does this mean? what I concluded is the move of going sideways is increasing and the momentum or motive of going up is diminishing/normalizing. (So, this means there are high chances Bitcoin may move less upside and may go sideways or down). One more thing I observed is after massive move/action of correction of every cycle (Bitcoin Bottom) there is counter move/reaction (Point D of the Triangle). Generally, the point "D" of every cycle is laying above the top edge of previous symmetrical triangle (the sky-blue horizontal arrow lines). (So based on the above observation I took the "D" point at 50k as counter move/reaction for current cycle/Descending triangle, also, it is coinciding with the concentric circles which I made). 3.Final Conclusion, studying the current Descending triangle (Red)/Probabilities: After over all study, this is my Personal Opinion: 1.Current correction is so massive with in short period of time, considering previous counter rallies and currently bullish Divergences formed in RSI + MFI taking into account, so high possibilities that there can be a counter rally up to 50k or more than that. 2.I don't think current low 15495 is Bottom for Bitcoin. May be temporary Bottom or it may go little lower than now creating 2 layers of bullish divergences in RSI (for temp Bottom). (Technically current pattern is Descending triangle, so high possibilities that Bitcoin may make lower low (another low may be 13780) after the counter rally. to my guess Bitcoin may put its lower low after the Halving). 4.Probabilities of next Bull/cycle: case1: After Bitcoin making lower low (may be 13.7k), this is the situation DO/DIE for Bitcoin. If Bitcoin manages to break out of this Descending triangle similar to previous moves, it can put a new ATH (for another decade Bitcoin may trade between 19k to 160k). case2: Since current pattern is Descending triangle, if Bitcoin fails to breakout from this channel, there are high probabilities that it will break down. If Bitcoin Breaks Down, most likely it will reset itself from over all cycle right from 2010. (This scenario can be same as my previous Elliott wave theory which I already shared.) Am sorry my Technical Analysis looks little complex; I hope I explained well. Thank you.
BNC:BLX
by nmchary
2
Luna - Technical Analysis- compared to Ethereum EthThis is a good example to Analyze Eth chart pattern. Even Eth is making something similar parallel pattern in a longer time frames. Generally, after the 2nd consolidation it should Break out from the channel, if it fails and making Bearish Divergence in the rsi, high possibility that it will break down from the channel. This doesn't mean Eth falls in a similar fashion as Luna fell down, but i took Luna as example to explain the movement in the parallel channel. Ethereum most probably make one more cycle in the next bull run and make bearish Divergence in rsi or Mfi and break down from this channel.
by nmchary
Litecoin-Crypto Technical Analysis if Bitcoin resets to 5k.If Bitcoin is resetting its overall trend and goes to sub or around 5000usd, i was checking what would happen to altcoins? Ultimately Bitcoin rules the overall criptocurrency not compulsory though, i took Litecoin as good example since it is one of the oldest blockchain and its chart pattern looks quiet simple and good. This doesn't mean all the altcoins perform same way, but may be few altcoins outperform Bitcoin. This Analysis is only based on "If Bitcoin resets its trend to 5k". (Based on this scenario Litecoin may go to or around 180usd and back to sub or around 5 dollars where its maximum volume exists. according to double top pattern the length of breakout to top and the same length to bottom, as in the rectangle box.) Or There is a possibility that if Litecoin maintains that blue parallel channel it may also go in the upward direction (green arrow line in the Double Top pattern example).
BINANCE:LTCUSD
by nmchary
btc longbtc long **the holy grail in trading is taking advantage of 90 percent of traders** out there who aren't reading the market correctly and who learned it through know applying you know moving averages and oscillators candle stick patterns things of nature which is great for longer term for trading but they apply that to day trading they call that price action when they say I'm trading price action by taking the close of a bar against a previous bar and going long or short, that's not price action that's trading an indicator candle sticks are an indicator what you need to understand is numbers into constitute make up that supply and demand within that time frame whether you looking 5 min, 15min candle whatever there is all was competition so what you want to have your eye on is where the institution are being graded which is vwap and then standard deviation away from the vwap where you can better your average that's what we do we become speculators when price move away from vwap , if we are selling we obviously looking for resell as retrace back up towards view up or we could speculate and get long in as move two standard deviations or three standard deviations away from both of top side the bottom side so purpose behind having this information once again you have to know and ask your self-question everyday single day every single moment your about put on the train who was in control, we see sellers have initiated trade to the sell side they are in control where is value, right know where is price relation to value are you selling and its 2 standard deviations away from vwap so this means its too cheap and there it is cheap to sell there other side that we will be buying and you don't want short when large traders are buying you you all was want to stay with who is in control. *there is 3 question all was have to* ask, who is in control, where is value, and where is price related with value? a successful trader is an efficient trader and this is a mark of efficiency and first, they have to understand what we are looking at and what we are trying to do is we are not batting against professionals you can't win you will not win they have money than god so you might as well stop fighting it so you wait then you see with information clearly fast you have to understand what is it so the fact that large institutions can't sell everything they have, means they have to part piece it out in multiple prices or over time so you notice that over time when you looking at this information you will start to see that they start hitting it around the same price it will retrace up they hit it again that can tell you the size or large you know that can tell you the size of the fund and what other real purpose is you know what they trying to do and there nothing else out there in the retail space that shows you this type of efficiency nothing there is all was competition so what you want to have your eye on is where the institution are being graded which is vwap and then standard deviation away from the vwap where you can better your average that's what we do we become speculators when price move away from vwap , if we are selling we obviously looking for resell as retrace back up towards view up or we could speculate and get long in as move two standard deviations or three standard deviations away from both of top side the bottom side so purpose behind having this information once again you have to know and ask your self-question everyday single day every single moment your about put on the train who was in control, the holy grail is ending breaking through consistently you know being consistently profitable its all about managing risk fast it's not about trading more increasing your commissions or those fees its not about taking a larger position its all about managing your risk and managing your risk is all about getting in before 90% of other traders are getting you want get involved in the direction of larger player but you want to get ahead of everybody waiting for the bar to close so. you have valuble information learn of whether it's block trades or the blocks or the trade imbalance or stacked imbalances inventory levels or whatever you want to use your standard deviations we want a trade market generated information, we don't want trade biases we don't want trade randomness random number, market does two things, the market is the distribution system that seeks out value and it goes to value to value from high value to lower value it gona do so in a form of being balanced or equal and imbalanced unfair right and when its imbalanced its going to spend less time so there no value there for it searching for value and what noft prepare for this information algorithm in the orderflow sequence tracker prepares this information chronologically so that when your in the trade if your finding inbalnce occur your you gonaa stay with that trader as soon as imbalance offset by other side then it become value market will pause and trade basically turn around a price level and either at that point going to continue or large trader come in and create that imbalance once again or it comes back to the value and so you want be able to see that information as soon as available soon as you see imbalance and bounce your risk become higher there no longer imbalance that's all price sets become a fair price therefore you lose your edge and trading is all about the edge your edge is the 90% losing traders out there
BITSTAMP:BTCUSDEducation
by YODA-TRADER
1