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Cryoptocurrency

ETHE Rockets, a pattern is starting to reveal!I've been studying the ETHE chart a little bit lately as I am less familiar with Cryptocurrencies than some people are, but I've heard of Ethereum (ETH) being the next 10,000 dollar coin (insane....). Since Bitcoin is way too high for me to catch it seems ETH would be the next big bet. Now ETHE is NOT ETH. Its a derivative of the 300+ dollar coin, however its much cheaper to at least trade with and have the monetary benefits like any other stock. I noticed a pattern when it greens up and rockets off. IT generally happens around the last 2 weeks of the month in the 20s. The only 2 that don't follow the pattern as much are March and April right after the crash. Since Ethereum is so new, I'll continue to study it and see how it evolves alongside Bitcoin. Will it move in similar ways? Will it fail? Hard to tell at this time. All new stocks need time to reveal their supports and resistances. But I'm excited and curious about learning more!
ELong
by Harley_Drake
2
BTCUSDT H4 Potential for $700 down move (Low Risk High Reward)I've labelled the chart so hopefully self explanatory... I see an opportunity for a Bearish move in BTCUSDT on the 4h timeframe. Previous Bearish Rectangle played out so I see no reason why this can't. Bearish rectangle led into Bearish Pennant which has been playing out since June 11th. Since then candle has failed to close above the red Stop Loss line. Previous Breakout attempt but price moved back to Pennant. Range tightening so break below $9200 is likely which will confirm the move. Stop loss set for Candle close above Red Stop Loss line.
BYBIT:BTCUSD.PShort
by TenSats
1
ETH/USD long positionAfter strong bear market possession, ETH has shown signs of recovery. As we can see from the chart BITFINEX:ETHUSD is in accumulation zone for more than 3 weeks between 220$ and 250$ price levels. Price rejected to break previous support zone and EMA 50 level, which is a sign of potential upcoming bulls scenario. According to the chart it is possible that price will retest descending trendline in order to squeeze the market then there is a possibility to breakout descending resistance level and to reach previous resistance levels at 280$ - 300$ zone Enter zone - 220$ - 230$ TP - 280$ - 290$ SL - 3-4 % (Quite big risk)
BITFINEX:ETHUSDLong
by PauliusGedminas
1
Big dump soon? (longterm) Hello everyone. This is my first ever post. I take a look at the weekly bitcoin chart and discuss why I think that the market will go down. BEARISH Signs -the chart bounced back of the 3-year resistance, which is usually followed by a big dump. - The stochastic indicator is overbought and you can see a similar pattern forming as the one right before the big dump of February-March. -The volume is decreasing while the chart is going up (divergence). Targets If the bitcoin can’t break the 3year resistance, I think it will go down. The first real support lies on the 0.236 fib line around $7100. The second resistance is on the 3year support level on $5500. BULLISH Signs I don’t think the bitcoin will rise but just in case: On the bullish side of things there aren't much positive signs. BTC needs to break the 3year resistance first and have a weekly close above it. Targets If the BTC manages to break the 3year resistance it has to break the $10500 level. The next big resistance lies around $11500. Maybe we could even see BTC testing the golden pocket again. I hope this was a clear analysis of the BTC-chart.
BITSTAMP:BTCUSDShort
by Igorvbl
5
BTC in up trending wedge in an overall downtrending channelBTC continues to work its way up the up trending channel that's formed since BTC bottomed in March. That being said, it's a structure that has formed in an overall downtrending channel so, I expect some more downside with BTC consolidating on or around the targets on my chart. However, that doesn't mean that BTC won't test the top of this upwards sloping channel before the "big" breakdown, so $8K is in play, in the short/medium term. However, if BTC can break the top of this greater downward sloping channel and consolidate on top of it, that will be the sign that BTC will head for new all time highs as this structure does imply an eventual retest of $14K. In the meantime, there is probably more emotional highs and lows ahead for us all. Good luck trading.
COINBASE:BTCUSD
by LTSInvestor
1
BTC Short term Pullback Presenting a Classic Long Pattern?How do we categorize the current pullback in BTC? All market movements under Elliot Falls into two logical Classes - Impulsions (Trending and Terminal Patterns), which occur in the direction of the trend. When analyzing short-term market movement, Impulsions can be monowaves. Corrections (Non Trending Patterns) which occur against the trend, or what we are seeing now with this corrective pullback. Corrections can also be monowaves but, if more complex, will generally appear as sideways consolidations on a price chart and are usually composed of three (3) segments. Or an A,B,C corrective waves. Conclusion: BTC is presenting some favorable Risk & Reward 1:4 with this pullback. Look to establish longs with STOPS well below 78.6% , refer to chart for price level. Important Takeaway as a Trader: Make an absolute, immediate decision on current and future market possibilities when the markets is presenting unique patterns to the application of the Wave Theory.If you are holding BTC longs, it increases your ability to determine when a pattern has completed. And the most important aspect of identifying Impulsive or Corrective monowaves is that it allows you the ability to deduce the trend of a particular market.
BLong
by wallstreetsharks
BTC Fib Retracement ProgressThe Fibonacci retracement from the week's high of 10.5k USD is approaching the resistance level found currently at 9755 USD on a low time frame. This means that by close tomorrow we will see whether or not the resistance level can be flipped. A close of any two consecutive green candles above that level in the next 24 hours would suggest the price will rise around 150 USD to ~9900 USD quickly. Rejection at the .382 level would be the third candle on this 4H TF in the last 11 candles, or just one candle shy of 48 hours, indicating the resistance is too much and the support floor at 9575 would likely be next to break in a breakout downwards.
COINBASE:BTCUSD
by Bitcoinboy