The daily chart of BTCUSD looks almost identical to the well-known "Psychology of a Market Cycle" graph. This graph shows the steps from optimism to thrill to Euphoria, and then the drop back to anxiety, denial, panic. This chart aligns almost perfectly with the BTC daily chart. As people are anxious, they are forcing themselves to believe that we will recover,...
Bitcoin dominance is moving higher here in a strong 5 wave impulse the dynamic is also lifting BTC. So BTCD down everything down BTCD up BTC up equally & alts up but not as strongly as big Daddy BTC. Full analysis in my newly created group.
A Trading Signal is seen in the ETHUSDT Ethereum
Traders can open their Buy Trades NOW
⬆️Buy on FLAG breakout or Buy on 2425.7
⭕️SL @ 2340.1
🔵TP1 @ 2585.0
🔵TP2 @ 2731.9
🔵TP3 @ 2865.5
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Ranging like BTC but on an horizontal channel..
If bounce from here, it may go back to channel resistance at around ~2800$// invalidation below latest LL on the 4H (good for scalping I guess)
Any break above or below this levels, may lead to a deeper breakout
Signals: Blue * 2 in high timeframes
ETH, ETHUSD , ETHUSDT , ETHUSDTP, ETHEREUM , CRYPTO,CRYPTOCURRENCY
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
#update on 3days chart
Just as we are following up on the 3daily activities on the chart, the previous candle was Bullish engulfing candle and we should expect some retracement from the current candle, which just do as expected and currently trading within major AREA of Interest.
From this setup, our zone for long remain 35k-33k.
Target remain same as...
ETHUSDT - Intraday - We look to Buy at 2302 (stop at 2202)
Daily signals are mildly bullish.
Pivot support is at 2306.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 2569 and 2629
Resistance: 2550 / 2630 / 2700
Support: 2450 / 2400 / 2300
Once again we came down to test the major support level indicated in the green line. This is the third attempt to break below this support level! Although we've held this level everything single time so far, I'm wondering how long can the buyers hold this line before they give into the bears.
Ethusd in this zone it have a strong support so now will try to up if can make one free candle above 2410$ will get a strong upward.
Entry: above 2410$
Tp.: 2675 & 2920 & 3560
Sl.: under 1930
After Bitcoin's most recent visit to the institutional demand level around 30k, BTC experienced a strong 12% daily rally, followed by some weakness on the third touch of the upper daily downtrend channel line. Today however, BTC is starting to show signs of strength again as it has just broke through the upper daily downtrend channel line. Technically the...
ETH is following BTC as far as correcting inside of a large contracting triangle after 5 waves up. The dip below to $2250 was quickly bought by bulls and kept the candle body cloeses inside the ABCDE triangle correction. A test of top line seems highly probable now after this we re analyze
Short-term targets, if the descending trendline will break.
Yesterday, #ETH price has broken a descending wedge pattern.
Now, on lower TF we can see a bull flag being formed exactly below the trendline.
Need more volume for the breakout.