ETH BTC is having some trouble right now, causing ETHUSD to drop.
Currently dropped beneath support, so will be shorting the retest. It should not go above 148 for very long. If it does, I will probably close my short.
I still think Bitcoin has topped. It may be at 4200, or 4400-4500. Either way, I will be shorting most coins.
Thanks for viewing!
Targets mentioned with T.1 and T.2
Major resistance is also identified
All things are visible in chart
Dont use complicated indicators to confuse yourself, Patience is the only keY!
Remember if recent bottoms fail to pull up the current price level
or falls unexpectedly below 4H bottoms then dont lose more emotionally that many people do !
Enjoy Trading
Have...
ETH has run up extremely nice over the past few days BUT if this candle closes like this, we are in BIG BIG trouble
We have moved off nicely from the support OB and pushed through the 13EMA, using it as support on the retest but we have run into supply around $108
The monthly open was a level to watch to rejection but it doesn't see likely at the moment
...
Bitcoin has hit 3800, which was the original target. I closed all my Bitcoin longs at 3500 unfortunately, so I missed out on a lot of potential profit. Check out the successful and failed idea in the related section.
I will admit I hold a Bitcoin short around 3600, but it is a small position. I will add to it around here.
For now, Ethereum has hit heavy...
We have been in ladders for quite some time. If you haven't bought in ETH. Now is the time. Once we get a solid cross up and break 120, next stop is 200. After we break 200 to the upside, we go to the 450-500 area.
I have to keep this brief, but make sure you don't let your emotions get the best of you and not buy in at these lows. If you are holding, continue...
I believe it will most likely reach $65 in the next few days..hitting the interims in pink respectfully along the way to its main target.
Stop Loss: Green Line
Enter Short Position: Red Line
Targets: Each pink line with the main target at $65
The technical market analysis is quite time consuming, so I'm happy about thumbs up and sharing the added value that you get here in various analyzes of me. This is your payment to me!
To Ethereum:
The $ 9.5 billion third-largest cryptocurrency, with the weekly closing price below $ 101.70, has the next target of $ 78; $ 59 and $ 41 unlocked. But now divergences...
ETH continued its climb higher over the weekend but was stopped just shy of $100
After retesting the lows near $84, we saw price bounce sharply above the S/R flip zone
This support OB held nicely all weekend but we are starting to see some weakness enter the market
We have currently broken below support and are now trending lower towards the demand zone...
Markets continue to bleed day after day and we witnessed something insane yesterday
ETH/USDC had a flash crash
As always with these crashes, algos most likely were the culprit as ETH prices saw a collapse to $13 before snapping back all the to $101.0
Whether bids got filled or not is up in the air and could very well have just been an exchange...
Let me start by saying that ETH/BTC has had it's ATH and if it goes over .15btc again, crypto died and you're wasting your time. Inflationary model the inflationary model and ICO's cannibalizing the ecosystem are going to be ethereum's downfall. With luck, it'll only kill eth and not the entire crypto ecosystem. tl;dr ETH is a sh!tcoin. Deal with it. Also, if...
Traders,
During this blood bath in all pairs of crypto any trader must notice dow theory chart immediately after seeing this chart of ETH , which states that there are three phases to every primary trend – the accumulation phase (distribution phase), the public participation phase and a panic phase (excess phase).
Let us now take a look at each of the three...
So I made the mistake of jumping in ETC, but failed to jump out thinking it would go to five bucks again (Boy did I learn lol). After looking closer, I see the next bounce will happen at the 3.90 to 3.80 mark. I if you look at the chart, when the price falls, it falls 30 to 40 cents before the bounce. If you are looking to make a bit of coin on this...
After hanging out near resistance for a few days, ETH was unable to muster any kind of strength
We did get a break down from the channel we formed near this supply zone and have been dropping ever since
We bounced perfectly at the bottom of the support OB at $103.50 on above-average volume
This is the line in the sand for bulls. If this zone isn't...
Ethereum dropped to the tick at $110 overnight, bouncing on the top of the support zone
We are currently below the once support now resistance zone
If we cannot break and close above this block, $100 is very likely
Breaking above this zone with some volume will give bulls some hope and we could see a retest of the resistance zone that caused us trouble...
Just like BTC, ETH has seen a very nice rally from the bottom (local)
Unlike BTC who is holding its trendline so far, ETH has already broken below it and seem to be already starting to roll over
This could be an early indicator of what is to come for BTC
We can clearly see that this resistance OB has proven to be a tough nut to crack as it has been...
