Hi everyone, looks like gravity is calling ETH to the bottom of the accumulation zone. At the point, IMO we are in the No Trade Zone, UNLESS you are a scalper, you're in heaven with 8% moves. Who know how much longer it will go on for, but set your stops and your good... Mid to Long, it's scary times right now for both ETH and BTC, to many negative factors are in...
DeFi Frenzy Overtakes Crypto Market
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
If you're new...
Disclaimer: I am not a pro - still very new at this and learning. Not investment advice, just my ideas at the moment - interested in feedback.
On the 1H, I am seeing a broadening wedge. It has the characteristic megaphone pattern (top slope greater than the bottom slope), with volume rising when the price is moving up, and volume falling when the price is moving...
very bullish for eth we were able to hold the critical support which was the neck line of the potential head and shoulders. we are currently in the process of invalidating it. if we can break through the downsloping resistance and the right shoulder we should see a breakout of the weekly bull flag.
For the sake of God, please save ETH from this H&S pattern. If ETH breaks this neckline, its pretty sure that altseason is cancelled because BTC.D is also breaking out the diagonal resistance (Take a look at my earlier post: ).
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We are currently forming a head and shoulder pattern on the ETH/BTC chart. The measured target would perfectly match the volume support and the Golden Pocket.
As already mentioned in the ETH/USD & BTC dominance chart I will buy Ethereum in the price range of 320$-250$.
If we see a drop on the ETH/BTC chart to the target, it would be a perfect cup and handle...
This is my analysis on ETHBTC. Expecting a futher decline against either to complete the 4th wave and the continue to the upside to complete the 5th wave.
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huge market cycle fractical? looks scary the same... and I know this is hopium but dang it would be nice. I'm largely invested in low cap alts in the security token sector, primed for a break out(huge accumulation) been holding against Eth for a long time. If this eth/btc chart plays out like 2017 (or even less than) and the alts do what I think they are going to...
In this ETHBTC chart we see 2 contributing factors:
A horizontal level at 0.04 which price touched a few weeks ago. That level is confirmed resistance.
There is a clear trading channel since the covid crash low which began the uptrend, which ETH has reached the top of in the past month and failed to break through.
This suggests ETH will drop...
Ethereum reached the top of a long term upward channel and it seems that formed a top formation. For a low-risk trade, we recommend to buy it if it reaches our buy zone in green or if it closes candlesticks below out sell zone.
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Ethereum is looking to complete a bullish BAT pattern.
- inside the green box is the possible bounce area, to continue in the major trend that we think is bullish way above 600 usd.
- EMA9 of 1h is holding down the trend.
Steps to take the trade are:
- We wait to the price be inside the green box
- We wait for a nice green candle above the ema9 trend resist....