dafunkinbest

dafunkinbest

COINBASE:ETHUSD ETH has been rallying hard over the last month and a half. Beautiful bullish price action. The technical analysis, however, is now showing a bearish divergence between price and the RSI: Price made a higher high, but the RSI created a lower high. I am looking for a break of structure to the downside to start taking shorts. It might also be a good...

dafunkinbest Updated 

I developed this theory almost a month ago on 1/22/23. Here is my write up from then: ETH Price Prediction (1/22/23) The weekly candles give me a bullish bias over the next couple weeks. Will be looking for a break and close above ~$1680 before looking for any long trade setups. Will be paying attention to any news that may change the fundamental outlook, but...

dafunkinbest

ETH Price spiked over $2k for the first time since August 2022. Drew this scenario in January and again in February 2023. Still lots of room to the upside, but I anticipate some pull backs and sideways action. As always, flow with the markets and trade what you see.

dafunkinbest

ETH is retracing and temporarily finding support at the 50% fib level around $1600. Wouldn't be surprised if it dipped lower to about $1568, which would be a 61.8% fib retracement. My outlook continues to be bullish in the mid-long term. We will see how the Fed's FOMC minutes affect the markets today. Hopefully we're reloading for another bull rally into March. ...

dafunkinbest

Price bouncing off of a demand area making for a high probability set up to take a long trade back into supply. CPI data coming out this week on USD, so expect some volatility. Decent low risk trade if it doesn't work out. FX:AUDUSD . 🟢Entry: 0.67440 🛑Stoploss: 0.67250 🎯TP1: 0.67900

dafunkinbest

Price is reaching a critical area of supply. Last time price was here, the sellers broke the previous low of $1047. $1250 has been a critical selling area the last week or so. I'd look for shorts if price doesn't break AND close above $1250-1260ish on a higher timeframe (1H to 4H). Not sure if there are any bullish fundamentals that support price going higher at...

dafunkinbest

The 4h and Daily Charts are beginning to give bullish reversal signals. It looks like a break of structure on June 19th and price is slowly retracing to the 50-61.8% Fibonacci levels. This is also a strong demand area, providing confluence. If price makes it back to $1,000 in the next few days, I will be looking for longs to take out the June 21st highs above $1,193.

dafunkinbest

ETH has dropped, tapping about $2950. Looking left on the daily chart, however, we can see price broke out of an ascending triangle pattern, and then created a new higher high at $3,585, indicating that the long term trend is bullish. I believe we find a floor above $2800 before pumping back into the highs, hopefully making a new higher high above $3,585 over the...

dafunkinbest

Price is currently bearish towards $2650. If price finds resistance, we can expect it to test $3,000 again. If price breaks the previous high around $3,050, then we can expect an ETH bull market into April, but if it fails to break above $3,045ish, we can expect more downward price action towards $2,200. Important to note that price is bullish after testing $2,300...

dafunkinbest

ETH is still dumping after breaking trend line to retest the Fibonacci Golden Zone at the 61.8% retracement level. Decided to short after failing to break above resistance. Will take profits if it fails to make a lower low. NFA. COINBASE:ETHUSD

dafunkinbest

Ethereum has been retesting an upward trend line over the past week and just retraced to the 61.8 Fibonacci key level. Seems like a good time to load bags to catch an upward move before more potential bearish movement. Otherwise, look for more shorts. COINBASE:ETHUSD

dafunkinbest Updated 

After reaching 3968 level, ETH is looking bearish. We have a break of structure to the downside on the 1H timeframe. Looking for price to retest the 3865 level and then head back down towards 3600 liquidity levels. Good time to take profits. COINBASE:ETHUSD

dafunkinbest

Looks like Bitcoin has pulled back nicely after this week's pump to the upside.We've got a 50-61% retracement on the 1H; we also have a morning star candlestick pattern around 60500. I'm looking for buys to 65000 after the downward trend line break. COINBASE:BTCUSD

dafunkinbest

Top down analysis of #Bitcoin on the weekly timeframe shows price bounced of a key Fibonacci level, the “Golden Zone.” Either way you draw your Fib, it’s a 50% retracement. Might be enough of a pullback to push price to $100k by end of year.

dafunkinbest

The price of Bitcoin is approaching a key Fibonacci retracement zone. Depending on how price reacts at this level (shown as .382 on my chart, but is technically a 78.6% retracement), this might be a signal to buy as price heads back to the upside. BTC has been in a nice uptrend for the past two weeks, with two higher highs and higher one higher low. Would love to...

dafunkinbest Updated 

Looking @ the bitcoin daily chart, last nights move retested the $51,000 support area and was possibly a liquidity grab. I’d look for short term buys, but potentially more downward movement if price forms a head and shoulders pattern over the next few days. Simple price action. $btc #BTC  #crypto

dafunkinbest

Looking @ the bitcoin daily chart, last nights move retested the $51,000 support area and was possibly a liquidity grab. I’d look for short term buys, but potentially more downward movement if price forms a head and shoulders pattern over the next few days. Simple price action. $btc #BTC  #crypto

dafunkinbest

Looking @ the bitcoin daily chart, last nights move retested the $51,000 support area and was possibly a liquidity grab. I’d look for short term buys, but potentially more downward movement if price forms a head and shoulders pattern over the next few days. Simple price action. $btc #BTC  #crypto