Short Trade Setup on $ETH Hello Trader, I took a short position on Ethereum today at 2,580, targeting 2,269. While I'm a long-term bull on Ethereum, my model is indicating a possible sharp drop in the near future.
I've been using the EW 2.0 model to trade cryptocurrencies & Stocks and in just 15 months, I've turned a $192,000 account into $500,000. If you're interested in learning more about how to achieve consistent monthly returns watch the video carefully.
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Ethereum (Cryptocurrency)
Bitcoin & crypto bouncing, time to buy?Bitcoin tagged the EMA 113 today on the daily chart and has bounced superbly.
Since the etf approval, Bitcoin has sold off. This did turn out to be a buy the rumor sell the news event.
Since BTC is bouncing does this mean its time to load to boat on crypto stocks?
I personally thin BTC/ Crypto has 1 more flush to the downside before a bigger move unfolds.
Im looking for a 50% retracement of the entire crypto market cap.
Ethereum - Bullrun StartedHello Traders, welcome to today's analysis of Ethereum.
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Explanation of my video analysis:
In March of 2017 Ethereum created its first valid breakout followed by a +7.000% rally and a -90% correction thereafter. A couple of months ago Ethereum perfectly retested the previous 2018 high and I am just targeting new all time highs from here. If we get a retracement back to the structure level which I mentioned in the video, I will probably even add to my long position.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
ETHUSD: Thoughts and AnalysisToday's focus: ETHUSD
Pattern – Consolidation / ascending triangle pattern.
Support – 2166
Resistance – 2371
Hi, and thanks for checking out today's update. Today, we are looking at ETHUSD on the daily chart.
What's next for Ethereum? Will we see a new leg higher break resistance? A lot will come down to the SEC and its pending approval of the BTC ETF, but it is far from a safe bet that crypto will continue to move higher after the approval. While the majority believe that prices will continue to move higher with increased demand, there's also the risk of buy the rumour and sell the fact.
Considering that, we can't discount the last several months of gains across multiple crypto coins. Looking at ETHUSD's price, buyers still look to have the cards in their corner for now. We can see a consolidation in the current uptrend, and we have also noted the bullish continuation pattern that is also visible in price at the moment.
If the Bulls reign supreme after the SEC approval (hopefully this week), we want to see a strong breakout from the current area that closes above resistance and back into the 2400 area. With further confirmation, that could be the start of a new leg higher.
Good trading.
Market Cycle - Accumulation - KEYUSDKEYUSD - Selfkey - weekly chart
Here, I use the FIB to show my thoughts on potential targets for KEY in the coming Bull Cycle.
You can see that the 3.618 FIB purple line, has been where the past few cycles on KEY have targeted. I have noticed this on MANY coins.
If this plays out, we could potentially see 15X on KEY from current levels in the next bull market, after BTC halving, I suppose. No one knows, but that's what I assume.
Not financial advice just my 2cents.
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Ethereum Takes the Spotlight - Crypto's Shifting Winds 🤖🚀 Ethereum Takes the Spotlight - Crypto's Shifting Winds 💡🌐
Hey everyone, Professor here! First off, wishing you all a joyous holiday season and a Merry Christmas! 🎄 As we gear up for the new year, let's dive into the crypto charts, focusing notably on Ethereum (ETH).
📊 Ethereum's Strategic Position
Ethereum has recently emerged as a standout in the crypto landscape. Veering away from Bitcoin, which has been our usual start point, Ethereum presents a fascinating opportunity. The analysis, based on the same message chart used since 2021, suggests promising potential for ETH. The key support levels to watch are at 23.62 and a lower bracket at 23.24. The intermediate support within the channel is particularly critical for a bullish stance.
🚀 Ethereum's Targets
The targets for Ethereum are ambitious yet calculated. We're looking at ascending to levels of 2545, 2650, and potentially up to 2918. A stretch goal remains at 3500, but we approach this with a step-by-step strategy.
🔍 Ethereum vs. Bitcoin Analysis
Switching to the ETH/BTC chart, we notice a significant wedge formation. The anticipation is high for this resistance to break, which aligns with my projection of over 73% confidence. Once Ethereum cracks this barrier, which could happen in the next 24 to 80 hours, I foresee a notable rise against Bitcoin.
🤓 Technical Insights & Solana's Influence
The Ethereum Improvement Proposal (EIP) 4844 is a key factor to consider, which could propel ETH further. The relative early move in Ethereum, as observed in the OP, suggests a shift in focus towards ETH. Additionally, the Solana vs. Ethereum dynamics indicate a potential 40% rise in Ethereum against Solana in the coming weeks. This reinforces our Ethereum-centric approach.
📈 Bitcoin's Current Stance
Bitcoin, though not our primary focus now, still plays a pivotal role in the broader market context. It's currently moving sideways, with support at 42,291. The resistance is pegged at 43,200, and an eventual target around 46,000. This level is crucial as it represents a major resistance, and a breakout could lead to significant movements.
🌐 Other Altcoins in Focus
Matic: Following Ethereum's lead, Matic is another contender, with a next target at 1.7.
Cardano: The breakout target remains at 1.19, but we're currently not aggressively pursuing this.
Avax: Shows potential with support at 40, suitable for strategic trades.
Link: On a steady climb, aiming for 19.6, but caution advised due to distant support.
GRT, STX, and SNX: Display varying degrees of potential, each with specific considerations.
🔎 Ethereum: The Focal Point
In conclusion, Ethereum stands out as the star player in our current analysis. With various technical and market factors aligning, ETH seems poised for significant movements. Remember, these are insights based on my analysis and should be approached with due diligence.
One Love,
The FXPROFESSOR 💙
For further reading:
Vitalik Buterin's ideas to simplify Ethereum's Proof of Stake model: www.coinspeaker.com
Ethereum's potential to outperform Solana and other cryptos: cointelegraph.com
BTC Market Update. Nothing too new.Im a bit more bearish than i was yesterday. Im not liking that. Still, I think its more important to just wait to the DXY opens on sunday to reassess the direction we may take.
While the open on last Sunday had much more potential to ruin stocks and BTC than this weeks would, it did cause a volatile drop.
Here's What Needs to Happen Before I Grow Interested in AltcoinsTraders,
We've done great with 22 winning trades in a row, exiting just before this little pull back. I wanted to bring you a quick update to show you what I am waiting on before I grow interested in re-entries into my altcoins of choice again.
Stewdamus
ETH ETHEREUM Technical Analysis And Trade Idea ETHUSDLately, ETH has displayed a strong bullish trend. This video thoroughly examines and dissects this trend, closely analyzing price movements and identifying potential trade prospects by assessing various scenarios within the weekly and daily timeframes. Anticipate an in-depth exploration of price behaviors, market formations, trend assessments, and critical technical analysis components. It's crucial to emphasize that the content shared is solely for educational purposes and should not be interpreted as financial advice.
Bitcoin bear market is overI think we have made the bottom for bitcoin at 15-16k area and now we are in the accumulation phase of the crypto cycle. It is hard to say how long it will take, but I am more convinced towards the accumulation phase based on my analysis of the weekly chart.
There are 3 major occasions during which we have tanked below weekly 21 moving average and immediately seen a spike in volume and came back above it. Every single time that this has happened, we have made new all time highs!
I have also shared my thoughts on what will happen in short term going into 3rd May 2023 fomc rate decision.