Part of my previous analysis:
Short term, as mentioned in my BTC' analysis, i think the market will go sideways this weekend, making an ABC correction. So maybe a bit lower, towards 161/162 and than up towards 169/173 and than one more drop in the 150/160 zone. Can't say i am very sure about this ABC , but it's my short term view for ETH now and don't have...
I started with the ETH' uptrend a few months ago and it first i was drawing an upwards channel from the Dec low and changed it to this triangle after we got rejection at the 160ish again in Feb. So after seeing it fail to reach the high of the channel a triangle was making more sense. Through out Feb and March we could see it was finding support around the 130....
The 140ish level has been a real pain in the ass for ETH' the past weeks. The past days it has been weaker than Bitcoin as well, which is something we have not seen much during sideways movements the past few rallies. There is a lot of noise in the market now, the big crypto's or simply not taking a direction and are moving sideways. My Bitcoin' analysis from a...
XRP or ETH, if the explosive bull run of the Alts has begun, in what sequence should we invest in them ?
XRP as shown by @TradingShot started it’s bull run :
ETH just validated its proposed bull run signal starting at 198 ETHUSD...
If we make a new high and break what was previously rejected I have a target on the chart. And targets after that if ETH continues up.
There is also a failure to gain play if we do not make a new high.
I do expect 180-170 area to be tested.
Vitalik does not want his coin to close below 0.0246 BTC. That would be DOOM scenario for Ethereum.
Vertical lines indicate 0.0246 BTC interaction.
Red bar: strong support/resistance area
Upward curving above this level: heavily bullish
Downward curving above this level: can be bullish depending on BTC
ETH/BTC is forming a descending triangle, with a strong support at 0.02x zone, and soon the price can break it and maybe going up, why? Because now BTC is going up and up (for some days) but soon BTC/USD can be SOOO overbought, and a lot of traders may sell it for USD (for taking profits) or Alts (because now they're so cheap), and ETH is our first choice.
Contiuous downward trend for ETHBTC. ETH can only take a break and retrace upwards once BTC suffers from strong drops.
Bullish markets are characterized by the BTC dominance, the main and most decentralized cryptocurrency. Now, the ETH price against BTC is reaching its main support at 0.026 BTC per ETH.
A lot of pressure is being put on this support that, if...
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Looking at this from a long term perspective i see potential for large gains.
The chart itself looks quite bearish tho!
But, on the 1D we can see that we are starting to make a...
I don't usually post super short term trading ideas, but let's keep this simple.
The pink line above is the neckline for the entire bottoming consolidation period that has been occurring for nearly 8 months. If we can confirm this short term double bottom and break out above that neckline (green X), I think ETH could make a pretty big move up. Circled on this...
i see the opportunity to sell ETHBTC
it is dropping dead
BTC is relatively stronger than ETH anyway at this period of time
so combination of this
most likely hit this pair to the ground
I recommend to short sell this pair
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Thank you so much
Trade Duration: Short
Trade Direction: Short (sell)
Risk: High (margin trading is extremely risky and you can lose your entire balance)
Our Entry Zone
0.034200 - 0.033000
Our Stop Loss: 0.036079
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On the left, at first sight it looks very bad for ETH', with that Feb dump and what looks like a big bear flag that has been formed the past month. But when zooming in a bit, we can see what looks like a real channel, where the price is moving inside of. Even at the break of that channel 2 days ago, we saw some volume increase and a decent drop as well, but not...
The price is in the zone where we should expect for trading opportunities. The market is supported by the uptrend line, SMA100 and SMA200.
If the price reverses from this support zone, the breakout above the signal line will give a buy opportunity. Stop orders for such trades should be placed below the uptrend line. The main profit target should be at the...