Hello guys, ETH ETF trading officially started on 23rd July and I would like to discuss what we can expect from Ethereum price in short and mid terms. If story repeats itself then we can expect price drop on ETH in short term as it was with Bitcoin after start of BTC ETF trading. I remind that Bitcoin price dropped on 20% after the start of BTC ETF trading. Same...
Hi everyone, Bitcoin price broke very strong support area and now is heading towards next support. Bitcoin price has been trading in 59k - 74k range for 126 days and it was obvious that in whatever direction price will breakout in that direction it will follow. BTC price dropped below previous local low at 56660 reaching 53600 level which tells us that next...
Hi everyone, After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started. Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if...
Hi everyone, Opened BTC UP position at 61600 price with 10x leverage on Fybit trading platform. Target at 64500, Stop loss at 58000. Position was opened on 4-hour timeframe. In my previous Bitcoin analysis I indicated a possibility of price dropping to 61k area and that's what happened. Now is time to buy as BTC price located at very strong support area. Main...
Hi everyone, Bitcoin price failed to break 72000 resistance and fell at around 67000 area. At this point there could be several scenarios on Bitcoin price action. First, BTC can stop falling at around 67000 area, find support there and after some time start rising again. Second scenario is that BTC price falls below 67000 area and drops to 64000 area, find...
Hi everyone, Ethereum price decreased on almost 15% and this provides good opportunity to buy it with a discount. After falling below 3400 level ETH price started to recover from this dip and currently looks stronger than Bitcoin. Also, there have been news that ETH ETF trading can start as soon as 2 July. I opened ETH UP position at 3560 price with 5x...
Hi everyone, In last 3 days ADA price increased on over 10% and I think that it's just a beginning. I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform. First target is 0.52, Second target is 0.62, Stop loss at 0.42 This is a high risk trade but potential reward is worth it. Please, do not forget to boost this idea & share...
Hi everyone, Ethereum price decreased on 7% after almost reached 4000 level. ETH dropped to 3700 support area and started to recover following Bitcoin rise and now there is a good spot to enter a long position as Ethereum remain to be bullish on ETF news. I opened ETH UP position at 3735 price with 10x leverage on Fybit trading platform. Target for this trade...
Hi everyone, Opened BTC UP position at 69100 price with 10x leverage on Fybit trading platform. Target at 72000, Stop loss at 65900. Position was opened on 4-hour timeframe. After rising to 72k Bitcoin price declined below 67k and after some consolidation started to rise again. On 4-hour timeframe on the chart higher lows formed which is signaling about...
Hi everyone, After consolidation within 3000 - 2800 support area Ethereum price skyrocked on the news about possible ETH ETF approval. Few days ago ETH ETF has been approved and Ethereum price continue to rise even though Bitcoin price is slowly declining. If Bitcoin price won't dump in the coming days then I expect Ethereum rise at least up to local high at...
Hi everyone, In last 2 days ETH price increased on over 20% and there is a good chance that this rise will continue. Ethereum price is rising amid rumors about possible ETH ETF which might be approved by the end of this month. I just opened ETH UP position at 3750 price with 5x leverage on Fybit trading platform. Target for this trade is previous local high at...
Hi everyone, I'm planning to open another BTC UP position on Fybit trading platform after confirmation on hourly chart. After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage. First target set at 64400, Second target...
Hi everyone, Ethereum price continue to consolidate within 3000 - 2800 support area but lately it looks like there will be breakout below 2800 and towards to 2400 support level. If we look at the chart, we can clearly see lower lows and lower highs which says that ETH price isn't ready for a rise. More likely scenario is that price will contunue to decline...
Hi everyone, Opened BTC UP position at 62500 price with 10x leverage on Fybit trading platform. First target at 64400, Second target at 67000, Stop loss at 60600. Position was opened on 1-hour timeframe. Short-term trade position. After failing to break 65k resistance BTC price declined up to 60500 level and from there started to rise again. There is local...
Hi everyone, Opened BTC UP position at 63700 price with 25x leverage on Fybit trading platform. Target at 67000, Stop loss at 62600. Position was opened on 1-hour timeframe. Short-term trade position. After testing 65k resistance price corrected to 63400 level and from there started to rise again. There is a good chance that BTC price can break 65k and rise to...
Hi everyone, Bitcoin price plunged below 59000 breaking support line and now is aiming 53000-50800 support area. I personally don't think that BTC price can drop below 53000-50800 support area but I admit that there might be wicks below the area. I would like to note that 30% price drop from all time high is very common for Bitcoin and there is nothing new...
Hi everyone, Bitcoin price set new all time high. This is the first time in Bitcoin history when its price set new all time high before halving. There are few things I would like to point out regarding future price action on Bitcoin. First thing to notice here is that if we look in the history Bitcoin always began parabolic rise when its price broke previous...
Hi everyone, Ethereum price rose above 4000 level prior to the Dencun upgrade and started to fall afterwards. Ethereum price already dropped for almost 25% from the local high and there is possibility that it can go below 3000 level for a short period of time. There is 3200 - 3000 support area from where price is bouncing back but there is possibilty that price...