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Buythedip

Ethereum headed down to $400-$500. Buying opportunities ahead.We've hit a weekly timeframe support level which price seems to be have a hard time going though. Dropping down to the 1-hour chart I've drawn in several tools to help determine best for my next course of action and that's to wait for ETH can reach the $400-$500 again so I can buy up. Price since hitting the weekly resistance zone has present price reaction in a bearish patter as you can see within the channel in purple I've drawn in. Steam seems to be running out so I anticipate a quick drop down into my demand zone and then possibly moving back up from there. I would love to hear your thoughts guys on this and let me know if I could add anything. Much love and peace to all of you.
COINBASE:ETHUSDLong
by paperb0y
2
VET Correction: The Bearish Gift That Keeps GivingMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ----------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: The entire market is entering a phase of correction. However, VET could a solid BTFD swing trade as it has formed a parallel trading channel and has hit the lower wall. As VET keeps solving real-world problems with blockchain tech, thus broadening the possibility of top tier partnerships.
by AB_Trading-Intelligence
1
$BTC / USD 4H "Can chop longer than you can stay sane" ~$18K dip$BTC / USD 4H Chart - no indicators - support levels in green - resistance levels in red Bitcoin pushing a breakout of the historic $20K all time high. No need to fight the clear trend here, but try to avoid getting chopped up. I think there is potential for Bitcoin to range around $18K (white box on chart) for a little while before retesting the top of the channel. Chop trading plan - buy the dip around lower $18Ks, ideally play the ATH breakout with a retest of around $20K and then the real fun begins.
COINBASE:BTCUSDLong
by dragoncharts
Yes, it is actually the start of the bull!Hello traders, hello hodlers, my last chart analysis got the title: "Finally the end of the bear, start of the bull?" And now, we can say for sure - it is the start of something big! :) But, don´t get me wrong... Even in this bull market, which easy can take 12 - 18 month from now, we will see major rejections and downswings of 30 or even 40%. Those times will be perfect to re-enter, if you want to. The next few weeks, what i see in the chart and market sentiment: - we are a little over extended, look at the RSI - we are currently 38% above the 21 week EMA - we are near the old ATH, just a few more percent (around 15%) - we changed the massive resistance level of 14k to support - which is enormes good! Iám not a trader, but if i had to choose the next good point to sell, i would wait until the weekly resistance of the ATH (red dotted). And after that, i would buy at the next 21 week ema (yellow line, always rising) touch. This could be around 13,800 USD depending on how long it will take, until we see the next down move. But yeah ... "buy the dip" :) I´am will only buy. I will not sell, just for the simple reason, that there is no guarantee for a cheap re-entry. I will not risk my position! ------------ This is no financial advice, iám not your financial advisor. Only my opinion, my thoughts. Take your own risks, on your own choices.
BITSTAMP:BTCUSDLong
by Crypto-Coin-Trader
1
The Finishing Moves For This WeekAfter putting up my initial buckshot for the next month, some movement has come into picture. I have Minor wave 1 ended on September 30 at 1400 which had it last just over 31 trading hours. This is 3 trading days earlier than my last forecast. This could mean I am wrong now, was previously, am still wrong, or most of my original forecast has slipped left and the marks will occur sooner than originally projected. A three day slide now brings the market top to the day of or day prior to Election Day 2020. This is absolutely possible with the likely unknowns set to occur November 3. We could be holding our breath for an outcome longer than we might have expected. I have forecasted Minor wave 2's movement which are set to find its bottom before the end of this week. Minor wave 2's for the index tend to retrace the length of wave 1 by 33-68%. A 40% retracement is closer to the mean and average while remaining conservative. This conservative estimate would have Minor wave 2 last around 12 hours. Another significant statistic is that wave 1 is around 1.84 times the length of wave 2 which equates to roughly 14.5 hours for this wave 2. Lastly, Minor wave 1 tends to make up 22% of the length of the larger wave (Intermediate wave 5) it resides inside. Likewise, wave 2 makes up around 9.5% of that larger wave. Based on wave 1's length and possible contribution to the larger wave, Intermediate wave 5 could last around 145 hours and wave 2 could be 13 of them (SIDENOTE: 145 hours ends on October 22). I am projecting Minor wave 2 to last around 13.4 hours. The movement for Minor wave 2 seemed much less complex to locate. A fairly common wave 2 retracement is around 38% which is also near the common Fibonacci retracement of 38.2%. This could have wave 2 drop 69.96 points. Wave 1's movement in relation to the total movement of its larger Intermediate wave is around 45% while wave 2 is around 17%. This could mean Intermediate wave 5 gains around 409.13 points and Minor wave 2 only drops 69.55 (SIDENOTE: 409.13 points puts the top around 3618.58). Lastly, wave 1 tends to move 2.37 times wave 2 which could see a 77.68 point drop for Minor wave 2. I am forecasting a drop of roughly 70.56. Based on the forecasts, I have further attempted to identify the movement of Minute waves A, B, and C. Wave A tends to make up 35.54% of the larger wave's movement while B makes up 28.13% and C is 37.24%. Wave A tends to move 73.86% of the overall move, while B reverses course for 44.60% and C is 67.83%. I have placed the A, B, and 2 (Minor wave C) roughly when and where the waves should change course. This is setting up for a truly great entry point to "buy the dip." Minor wave 3 begins next week and could make for a few weeks of major gains. The catalyst? COVID stimulus is not dead yet and could find an agreement before Congressional recess this weekend or early next week.
SP:SPXLong
by StockSignaler
This is how the week should play out.My initial projection from last weekend had Minor Wave B ending by the lunch hour on September 17. With more data, my projection has moved to the right a bit. It looks like the Fed press conference ending Minute wave A and we are in the early stages of Minute wave B. Fortunately it should be short lived. I project this to end with a bottom around 3360 with about 3 hours left to trade on September 17. Based on hitting that specific mark, I am projecting Minute wave C and ultimately Minor wave B to end around 3470 about one day later. I am still projecting the next down swing to begin before the week ends. Another looser projection is the end of Minor wave B based solely on Minor wave A's movement. This has Minor wave B ending near the close of trade on September 17. I no longer assess this spot to be the end. I will write again this weekend, but I am still bearish for the next two weeks before we are ready to test the ATH in mid to late October. Follow and stay tuned for more!
SP:SPXLong
by StockSignaler
7
WHALES ACCUMULATING AT 10K ZONE (buy signal) -Yurlo (please give these visuals a thumbs up if you like the creativity of my mind) Last night I took a short around 10500, I closed around 10000 & opened a small low leveraged long. It seems to me that whales are clearly accumulating the 10k level because every time we dump below 10k it gets bought up SIGNIFICANTLY & if you haven't noticed the last dump which went below 10k briefly reacted this way as well. Also, the latest CME gap is at 10620. (another at 9600) I'll buy the 9650 CME gap if we wick there as well, as well as 9k if we test that zone. Last night the price action was bearish, not it's looking bullish going into this Saturday. I'll be building a long position for when we test closer to current CME gap (10620) before looking for a move that will hold below 10k. Bitcoin doesn't look ready to tap the 9600 CME gap and I'm not going to force a trade or bias, instead I'll join the trend and ride the waves. Hopefully see you at 11055 & remember: we can still visit 11700 & it still would be considered a lower high and bearish from the "top" HOWEVER, if that validation point #3 got wiped out by bulls it would be clear 12.5k was NOT the top & whales wanted to enjoy a massive shakeout before continuing. Apart of being a day trader is NOT BEING MARRIED TO YOUR POSITIONS AND AS YOU CAN CLEARLY SEE I'VE BEEN MAKING MONEY ON BOTH SIDES LIKE A REAL TRADER. FUCK BEING A BULL OR A BEAR, I'M A DAY TRADER. END OF STORY.
COINBASE:BTCUSDLong
by Yurlo
37