On the 10th Day of ETHmas...An Early Christmas Present - FULL TP
On the 10th day of ETHmas, My True Love gave to me....a Big Push Up to my TP!!!!
....and a new Daily Structure that could be a Game Changer!
Wow! This ETH play has been absolutely amazing! Today, we continued playing out just as expected and hit our full TP Target of the H4 Daily Source Zone. Please see our previous posts on ETH over the past month to see exactly how we have walked through a solid Technical and Structural Analysis of ETH, and how it played out perfectly!
So, what has happened:
The last day or so has seen what appeared to be a choppy back and forth of the market...responding to more completely irrelevant crypto news, Fed Rate Talks, Microstrategy Megabuys and more. All the while, the market has been simply playing out structure that was laid out a month ago. Today saw ETH push extremely hard ($200+ move), making many think that the Bull run was kicking off again. BTC saw a near identical move. Unfortunately, too many traders chased this pump, only to be slapped back down once it hit the H4 Supply Source that we have been targeting. It is a Supply Source, because that is where the market has already told us that it has been waiting to sell. Unfortunately, too many over zealous traders and investors had no clue and got caught in another big TRAP!
So, where are we now?:
As of this post time, again, we have hit our bullish target for now and got an early Christmas Gift. It was uncertain how long the market would take to push up here, but it did so quickly. At this point, the expected pullback has pushed ETH back down significantly. However, this is still NORMAL MARKET STRUCTURE and no need for alarm. A rejection of an H4 Supply Source is most likely to push the market back down to test a higher time frame support. In this case, it is the last Daily Demand Zone (2980 - 3200). This zone was just created yesterday, December 9th, so it's a new area. BUT, we have to expect the market to pull back to the latest Demand Zone to seek support for moving forward.
What to look for next?:
Now, that we have pushed down near this Daily Demand Zone, we need to go to the correlating H1 Time frame to look for signs that the fall is ending. This Demand Zone is stacked with buyers waiting to buy ETH, but where in this $220 range will they actually start doing it? The H1 will give us a strong indication. $2980- $3040 is the H1 Source within that bigger daily zone, so that is the most likely target.
So, look for an H1 BOS UP coming out of this Daily Demand Zone for the sign that the buyers are ready to step in. Once we see that, I'd expect one more pullback on the H1 (this pullback would need to stay within the Daily Zone) and then we can continue marching upwards.
What to look out for? The New Daily Structure!:
Now, if we get into this Daily Demand Zone and see an H4 close below it, that is a significant problem. Why? Because all the while we have been carrying out this H4 play....the Daily Time Frame has been making its own structure.
A. We got a Daily BOS UP on yesterday when we made a new recent high and created this big Daily Demand Zone. The BOS UP was a close above the previous Daily Supply Zone. SOOOO...we could actually be seeing the same market structure play out on the Daily that we have seen on the H4 this past month. With this Daily BOS UP, the market is likely to return to the Source of that Break...the BOS Demand Source (2610 - 2880). That would be an unwelcomed fall, but it is structure! The only thing preventing that is IF we hold this Daily Demand Zone. That's why I mentioned and H4 close below 2980 is trouble.
So, from here, we need to "Read" the market and play accordingly.
Hopefully, this analysis helps you all as traders or investors to see where we are going and why. Please drop me your comments, suggestions, and other feedback. Also, if you have a favorite pair that you would like me to analyze, I can take a look at it as well. We'd love to help you gain a solid market analysis strategy that can keep you profitable and out of danger in these markets!
Ethbull
On the 5th Day of ETHmas...a Pulllback to the H4 Demand Zone!ON THE 5TH DAY OF ETHMAS, MY TRUE LOVE GAVE TO ME....A PULLBACK TO THE H4 DEMAND ZONE....
OK, so our ETH trading plan is playing out as expected. Please see my previous posts from the first part of November until now to see how we got here. Since the last post, we have pushed up to our first TP Target and moved all the way up to the Daily Zone. This is a Daily Supply Zone, so it is expected to show some resistance.
Where are we now:
At this point, the market is struggling between the H4 BOS UP and Return to the Source that signaled its time to buy again...and this Daily Supply Zone that is saying..."Not so fast...you have to get past ME first".
Why This Matters:
A Daily Supply Zone is still stacked with sellers waiting to push the price back down. So, it will take some strength from this H4 momentum to break past the Daily Zone. It almost never does this the first time, and is extremely rare to do it without building a solid floor on the way up. All we are seeing right now is ETH pulling back to the H4 Demand Zone. We had several strong H4 bull candles up, and there was not a Demand Zone in place until this one around 2975 -3025. The market HAS to pull back to these type of zones for the strength to continue.
What to Expect from here:
At or inside of this H4 Demand Zone, we need to see confirmation that the buyers are really ready to push this back up. We need to watch the 15 min time frame and look for a 15 Min BOS UP outside of this H4 Demand Zone, Plus a strong retest and bullish rejection out of the zone. The 15 min will show us this first. Ideally, we also want to see an H4 Candle close back up above this zone and retest as well. With that signal, we are back to the bullish trend and headed for the H4 Supply Source as shown before...(3450 - 3560).
Now, the Daily Supply Zone that threw this down to start with will STILL NEED TO BE TESTED AGAIN, so expect more resistance if we push back up to it (3108 - 3215). We need to break through the bottom level first and then retest the top (this recent high of ~3215).
A rejection again at this Daily Supply Zone is going to lead to all future Christmas gifts being cancelled. OR a break of this H4 Demand Zone were in now will lead to the same. This is a MUST HOLD area for the bulls now! If this zone fails...."Nobody's Gettin' Nuttin for ETHmas!"
I'm Dreaming of a White (Bullish) ETHmas!!!!OK, so December is here and ETH has been playing out perfectly. These sharp moves up and down have been all part of the market moving the way the market moves! As we've said before....forget about the talks of Tariffs, Shutdowns, Microstrategy delistings, etc. This market is moving according to solid market structure that we follow and teach. Please see our last Postings on ETH throughout November to see how we've projected these moves almost to a T.
Where are we now?:
At the last post, ETH had made an H4 Break of Structure (BOS) Up, signaling that we were finally seeing either an end, or at least a significant slow down to this bleeding. As expected, this H4 BOS up was going to drive the price back down once more to the H4 BOS Source (~2650 - 2750) for a strong buy. The market fell exactly to this range, and we saw an immediate bullish response back up. This bull push has led us back up to the top of the H4 Supply Zone for a retest.
What to look for next?:
Now that we are back to this H4 Supply Zone, many may be expecting another hard slap from the Bears, BUT, the market has already tipped its hand by giving us that initial BOS Up. We returned to the Source of that break for strength, so there is VERY LITTLE chance that this H4 Zone will hold the price anymore. In fact, the next target is the H1 Supply Source (3155 - 3220), which is an internal structure zone that still will not stop the price. The market is headed for the H4 Supply Source (3450 - 3560) for the 1st Real and Significant test of whether the Bull Run has resumed. A Strong test of this area is the determining factor. If we get a break above and retest of this zone, there is literally nothing to stop ETH from returning to the Daily Support - Now Turned Resistance Zone of 4,000 - 4,100.
So, Will there be a White Christmas for ETH?:
The H4 is pretty much driving the action right now, so any trades should be focused on that time frame until we hit the higher Daily Zone mentioned above. Expect the price of ETH to keep climbing through December, at least up to these zones. It could take a few days or even weeks to make this progress up, but the market has already signaled that it is coming.
Shorter trades opportunities should be abundant on the 15 min as the market makes its way up. Look for 15 Min Demand Zones and wait for the pullbacks to those zones to join the trend.
ETH Reversal??? Is it Finally Here???So, ETH has been pushing up quite a bit now these last couple of days, but is this a real pump back up, or is it a TRAP? I'll let you decide. Here's what I see....
As posted previously, we have seen an H1 BOS out of the HUGE Weekly Demand Zone. In fact, it came out of the Daily Source of that Weekly Zone, so this push back up is definitely expected. We have fallen so much and fell down to near the bottom of the Weekly Demand Zone.
So, this H1 BOS will nearly always lead to a pullback to the H1 Source of that break, or to the H4 Supply Zone. This is playing out perfectly. We have just pulled back to this H4 supply Zone.
So....This is the area to look for any confirmation that the overall sell will continue. This H4 Supply Zone is full of sellers waiting to dump ETH, and it needs to be tested.
What to look for here:
Inside of this H4 Supply Zone, we need to see a 15 Min BOS down to signal that this whole move was a huge fakeout to trap buyers. IF we see that, look for another fake-out return to the source of that break for the Fall of Falls.
What if it doesn't Stop:
We are ALWAYS Reading the market, not predicting it. So, if this move up is to continue, we must see a clear break of that H4 Supply Zone. An H4 Candle needs to close above that zone and give us a retest, with a bullish rejection. IF that happens, ETH can keep pushing up to the next target - the H1 Supply Source (3170 - 3200).
This is just clear, technical trading, folks, and if you've been following, the market has done almost exactly what it has TOLD us it would do.
ETH - BullishAccording to the market behaviour, ETH has been rising sharply on the one hour, five hours, daily, weekly, and monthly charts. Technical analysis indicates that the next target will $2280, and if it crosses that level and closes above successfully, the next target for the market will be $2500.
Italian Translation:
Secondo il comportamento del mercato, ETH è in forte aumento sui grafici di un’ora, cinque ore, giornalieri, settimanali e mensili. L’analisi tecnica indica che il prossimo obiettivo sarà 2.280 dollari e, se supera tale livello e chiude con successo al di sopra, il prossimo obiettivo per il mercato sarà 2.500 dollari.
Germany Translation:
Dem Marktverhalten zufolge ist ETH auf den Ein-Stunden-, Fünf-Stunden-, Tages-, Wochen- und Monats-Charts stark gestiegen. Die technische Analyse deutet darauf hin, dass das nächste Ziel bei 2.280 US-Dollar liegt, und wenn es dieses Niveau überschreitet und erfolgreich darüber schließt, wird das nächste Ziel für den Markt bei 2.500 US-Dollar liegen.
ETHUSD 23NOVCrypto market took a dip over -9% just over the weekend due to several political issues with biden taxing crypto, Musk/binance Doge tweets.
Eth market full depends on BTC progress.
Etherum has been keeping the 4k level if we manage to surpass these over the next couple of weeks 5k is the main target then 6k.
A price above 4k is stable with a SL jus below 3.8k and if it passes 4.5k level the bearish thesis will be invalid.
I remain bullish expecting ATH due to more advantages to eth than btc also to continue as NFT market grows , DEFi (decentralised finance no use for banks) and when more people stake the ETH there will be less in circulation. Only downfall is the gas fees eth charge however
etherum is relavetly still new with a young owner of the company.
#Altcoins on fire. #grt graph token #ethbull #ltcIts going to be a good September
will Bitcoin see $54,000 in the coming week or so
Yes I believe so!
#sol
LLong
Trade setup on ETH-USDT 15 minutesThis is a pullback trading strategy that is a part of my daily series for Aglogains, where I publish one live trade every day for the next 30 days.
In this trade, you can see that the ETH-USDT chart had an explosive move upwards and is now looking at a pullback to the previous resistance, which gives us a great bullish entry.
Condition to enter the trade:
- Market pullback to previous resistance
- Double bottom on lower time frames (1H and 15m)
- Followed by a bullish candle
Entry - BUY - 2061
SL - 2027
TP - 2100
Since all our conditions have met, we entered a BUY trade at 2061 with a StopLoss at the swing low (2027) and 2:1 TP; Although I think the 2090-2100 range will see some resistance.
ETH update! Be prepared!Well ETH has been acting pretty strong these days!
Right now We broke out of this bullish channel and also the long (blue) trend line...
In my opinion, we are going to test both of them at the cross. (Blue arrow, orange area)
Then there are two scenarios:
Green
We could bounce up to another ATH.
Yellow
We could go back to the channel and trade in the channel... probably the healthiest
The only bearish scenario
RED
We could also break down from the channel and visit our support at 2700.
Another support is around 2600.
ETH/BTC chart
ETH is looking so strong... and we are so far away from the ATH! Just be prepared to the rocket launch...
Fundamentals
There is also an ETH update that deleted ETH fees... which is super bullish for ETH...
ELong
Ethereum - Ascending triangle formed. Bull Run? ETH/USD❗️❗️❗️More Trading Charts here: (LINK IN DESCRIPTION)❗️❗️❗️
Hello dear friends
Coin under consideration - Ethereum.
It is located on the ascending triangle - with its tightening to the resistance zone.
In case of a breakdown of this level, one can take into account that the level of 2000 will be overcome.
Look for good long entry points for yourself.
Negative scenario -
this is a breakdown of the ascending channel, as well as the triangle support line - it will mean a slight correction to values such as 1750 -1685 - 1615
price return to the support zone, for level retest
❗️❗️❗️Disclamer❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
This Channel is not financial advise, It's My opinion and My observation: @opptrade
E
ETHBULL/USDT - 90% Drawdown, Great EntryDue to the recent ETH price, ETHBULL just had a 90% drawdown. From here, if ETHBULL re-closes this valley and goes back up to previous highs, that's a 900% gain.
ETHBULL is 3x Leverage Long Ethereum token. This is textbook accumulation along this $80 support level. If Ethereum starts to go back up, this ERC-20 token is going to soar.
What's your risk tolerance?
As always please do your own research, I am not a financial advisor.
ELong
BTC DOWN, ETH DOWN, Will Daily 200EMA stop the fall? Hi guys,
Ok the last trade of mine didnt played out well so far..The power of Bears is huge. I am not much into deep fundamental analysis but I think that the panic on financial markets across the globe is obvious. It happens all the time over and over again throughout the years. The trigger of panic is everytime different but the results are similar.. High volatility is great for traders and Almost everytime in longterm big drops are followed by even bigger bullruns.. Indicies , crypto, gold.. everything.. For me is better buying into falling market and be temporarily in red than try to buy tops and jump into already accellerating markets.
So until the Eth dont close under the daily 200EMA I am not worried. If it will.. well.. than I shoul maybe consider getting out on some pullback. Try to zoom out and get the bigger picture.. I dont see many reasons to panic. We are still between 50% to 60% corrected from last top. 50%. Still chance for Eth to stay in mid term to long term bulltrend in my opinion.
Position type: Long
Entry Level: 230
Everything is just my opinion and my point of view. Maybe entirely wrong :)
It will be great to hear from you your opinion on the situation and what you see likely to happen in upcoming days/weeks
Wish you successfull trading!
See you in tomorrow update!
Mike






















