** swing trade opportunity - trade only **
Ethereum is in a bear market, however there will be bear market rallies from time to time. This is now the expectation.
On the above 2-day chart price action has corrected 80% after a 5000% rally from the 2020 March lows. Now is an excellent long trade moment. Why?
1) The ‘incredible buy’ signal prints.
Put your tinfoil hats on for this one folks.
I felt compelled to post this (yes, my first on TV) after running across this.
Ethereum is currently in another bear flag, as is BTC.
If we consider a measured move from the last pattern we can see that it would end up at around $200. Now granted that's a pretty horrific move from here.
The sheer coincidence is...
eth run to 1270 small rejection choppy action
(esp 1250-1350) up to 1450/1470.
from there look for a rejection at 1500 to max 1700
ALTs to follow really strong after 1350 and 1450
personally like many but stick to majors or
whatever you r comfortable with
DOT UNI ADA SUSHI AAVE YFI CRV VGX CRO
COSMOS ENJ MANA SAND ZKS SNX OP OCC n more
FYI if we did see...
It feels like only Yesterday we predicted that ETHEREUM FALL FOR 12 ! TWELVE CONSECUTIVE WEEKS.
IT TOOK ETHEREUM JUST A SINGLE DAY ! TO FULFILL THAT ANALYSIS OF FURTHER FALL OF ETH PRICE - PERFECTLY.
Registering for the trade history that our analysis was correct - we now predict that
The fall of Ethereum WILL continue uninterrupted for THIRTEEN 13! WEEKS.
EVERYTHING IS IN THE CHART.
The volume continues its Unabated rise,
while ETH continues its UNabated FALL FOR 11 consecutive weeks.
Think about it - ELEVEN WEEKS OF STRONG FALL.
IT WILL FALL NEXT WEEK TOO.
Well, high tide followed by low tide, followed by high tide...
The market always in motion - it is , as Japanese say 'A floating world'
A pin-bar top candle is aptly named Shooting Star in Japanese candle formations.
As we owe the invention of candles themselves to the Japanese, and specifically the shooting star, it brings Japanese ideas of the world.
The week is still young and ETHUSD has FALLEN -20 % IN THREE DAYS
to about a 3 Year average.
Now the NEXT SUPPORT LEVEL IS AT 889 $
(though quite a flimsy support at that)
Which is a rather conservative - 40% for the next 30 DAYS
One got to give some respect to the current rate of -20 % in just THREE days
(Check out my previous BACK TO BASICS a...
Building shorts at high,
three green candles suspicious.
One last attempt at 50EMA to
make believe that it's the new
resistance and won't go higher.
Next candle drops to convince
retail to go shorter, MM takes
advantage and brings price up.
Feel free to come into my streams and ask my opinion on anything with a chart and to share your ideas. Most of the alt pairs I look at are from viewers suggestions. I obviously do not trade the ~140 cryptos I have in my list, but it isn't a lot of work to keep tabs on things and go through them.
I stream Weekdays on TV
Sundays on TV
ETH is bonded to BTC. BTC has painted a crash pattern. An 85% correction is in the Almanac for both of these assets. Smart money will dump these two assets into HEX for trustless yield during this bear market.
Eth seems to be traveling in 2 opposing channels. A narrow upwards channel, and we might be forming a wider downward channel. The channels provide good support (entry) and resistance exit areas. We are currently in the upper half of the downward channel and the longer we stay there, the higher the probability to break out of it.
The yellow arrow shows just one...