ETH is Bearish !Hello everyone,
Today we are going to talk about ETH - enjoy the video and let me know your thoughts.
Seb.
D-ETH
APE: Will It Finally Stop Bleeding? Bullish Divergence!APE came on the market with a bang, but has been severely underperforming Bitcoin (and most alts) since it's inception on Binance. Very disappointing price action for holders.
Nevertheless, there's a small chance that APE has bottomed. On the weekly, there's a strong indication for Bullish Divergence, which could lead to a sizeable move in the coming weeks and months.
I'm keeping a tight stop loss and a target at 5$. This will result in a trade with a very good risk-reward of over 23.
ETHUSD → toward $3274hello guys.
Let's analyze ETH!
✎ Current Price and Structure
- Current Price: The current price of Ethereum is approximately $3,158.24.
- Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend.
✎ Key Patterns
- Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level. This is a bullish reversal pattern suggesting that the downtrend might be losing momentum.
✎Trendlines and Targets
- Descending Trendline: The chart shows a descending trendline that Ethereum is currently attempting to break. This line represents the resistance level in the ongoing bearish trend.
- Target Line: The target line, marked at $3,274.48, is a significant resistance level that Ethereum might aim for if it breaks above the descending trendline.
- Bottom Line: The bottom line of the descending channel acts as a support level.
- Target Line: Extending below the bottom line, it suggests further potential downside if the support is broken.
✎Indicators
- Price Action: The price action suggests a potential breakout from the descending channel. The price is approaching the target of $3,274.48 after forming a double bottom, which is a bullish signal.
- Resistance Levels: The significant resistance levels to watch are the descending trendline and the $3,274.48 target. Breaking these levels might indicate a reversal of the bearish trend.
Conclusion
- Bullish Scenario: If Ethereum manages to break above the descending trendline and reach the target of $3,274.48, it could signal a bullish reversal, potentially leading to further upward movement.
- Bearish Scenario: If Ethereum fails to break the descending trendline and drops below the current support levels, it might continue its downtrend within the descending channel.
Overall, the chart suggests cautious optimism with key resistance levels needing to be broken for a confirmed bullish reversal. Traders should watch these levels closely and consider the patterns formed for making informed trading decisions.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
15/07/24 Weekly outlookLast weeks high: $61,431.5
Last weeks low: $54,288.74
Midpoint: $57,860.12
Last week BTC had a strong rally from the beginning of the week by printing the low in the first hour, and then closing at the weekly high at the very last hours on Sunday, a +13% climb over the 7 days.
The Consumer Price Index (CPI) results came in very positive with a better than forecast result.
CPI (YoY):
FORECAST: 3.1%
ACTUAL: 3.0%
The Producer Price Index (PPI) results came in higher than forecast.
PPI (MoM):
FORECAST: 0.1%
ACTUAL:0.2%
Despite a positive CPI and negative PPI the chart reacted in an opposite direction to how we would expect. Eventually after Friday's PPI results the MIDPOINT of the range got flipped and has been rallying ever since.
Usually a weekend pump is not something to be trusted alone, the lower volume can often paint a false picture and because of this the Monday close is very important. Should Mondays close be above the last weeks high I think this could be a catalyst for flipping the Bearish trend back to Bullish.
Another indicator of a trend change is the 4H 200 EMA which has now been broken and awaits confirmation of acceptance above, again this leads into the Mondays close being key.
Close above $61,500 = BULLISH
Bounce and reclaim of both 1D & 4H 200EMAs, set up nicely for HTF continuation of Bullrun.
Close below $61,500 = BEARISH
A swing fail of last weeks high could also imply a rejection off 4H 200EMA and continuation of the chop/ LTF downtrend.
Jul.9-Jul.15(ETH)Weekly market recapThe CPI of June dropped significantly and performed better than expected. Coupled with Powell's dovish speeches on monetary policy in the House of Representatives and the Senate, the market has rekindled hopes of an interest rate cut. Judging from data available in the interest rate swap market, traders have begun pricing in the possibility of two interest rate cuts in 2024. And it is expected that starting from the FOMC in September, interest rates will be cut at every subsequent FOMC.
After the German government sold BTC, FUD in the market gradually decreased. Mt.Gox's repayment method will be based on the BTC price several years ago, and the potential selling pressure will not be large. So after gold and U.S. stocks responded bullishly on Thursday, cryptocurrencies started to see gains over the weekend.
Relative to U.S. stocks that continue to price in interest rate cuts, BTC and stocks in developing countries will become the leaders of this cycle. The SEC is currently expected to issue its latest response to the ETH ETF this week, and there is a high probability that it will be officially launched this week.
Again, we are already on the way to a rate cut.
This is the era of ETH. Although FUD caused greater losses to ETH, the continuous rise has repaired it. The listing of ETH ETF remains a focus of the market. Like BTC, ETH bulls enjoyed a rare weekend of strength and are holding on. On the WTA indicator, after ETH fell below 3000, whales appeared. The ME indicator continues to maintain a bullish trend.
To sum up, we believe that ETH may lead the market higher this week. We maintain our original resistance level 4000 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Bitcoin Outlook 2024It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin.
In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now, that the tide has turned to the downside.
The main chart above shows the most important macro trendline to follow right now, with multi-year support and two major cycle lows put in on this trendline.
If we take a look at my lay lines and Fib time zones, you can see why I think the 2024 outlook is going to be more downside. A new time cycle will start sometime around December 2024, which matches with the lay lines also.
A very important Time Fib, which I have been using for years, starts this month.
As you can see, it is powerful at predicting pivot points. Unfortunately, last year it failed for the first time in predicting anything, so let's see what happens this month.
As you can see from the model, Bitcoin has failed to close above the last band. This last band shows the last phases of Bitcoin cycles.
MACD BEARISH CROSS 2W
The MACD has crossed bearish on the 2W timeframe five times. One out of the five times it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%.
It is important to note that even though we have crossed bearish on the MACD, we need to wait for it to confirm in 10 days as of this post, which would be the close of this current 2W candle.
STOCHASTIC RSI
We have officially gotten a sell signal on the monthly. Two moving averages have closed under the 80 level. In 2021, this again was a false signal; we rallied for months while moving averages kept moving down.
Mayer Multiple Band
Completely broken down from the yellow band. The next band is at 43k.
My indicators
This shot is showing Heikin Candles. As you can see, it's pretty good at calling tops , its not perfect , but considering this is a real-time signal, it is very powerful. This signal will confirm in 27 days, though.
Same shot but using Japanese candles. As you can see, we have two sell signals up here on a monthly timeframe. As soon as I saw the second one, I knew already that the outcome was most likely down.
CME GAP STILL OPEN
Let's not forget that the CME GAP at 20k is still open. That is a 60% drawdown from where we are now, which would take us down to 20k where the CME GAP is, which is in line with the 2W candle MACD bearish cross average drop.
Conclusion
There are so many sell signals right now, and these sell signals are on monthly and 2-week timeframes. We are talking about huge momentum here.
My view is we go down for the rest of the year until December 2024, when rate cuts come in and the bull market starts until September 2025. After that, blood.
Anything is possible. A black swan event would take it down to close the CME GAP most likely. Remember, anyone who was here in March 2020, we dropped 63% in about 20 days.
The rebound begins ---- ETHSame as we said last week. Although BTC and ETH did not react as strongly as gold when the CPI was announced. However, during the weekend when trading activity was relatively weak, both BTC and ETH rose and bulls have maintained so far. Excellent CPI has shown that the date for interest rate cuts is gradually approaching.
Funds will gradually flow from the US dollar to risky assets. And the funds in the U.S. stock market may also face the risk of outflows because of its excellent performance in the past year. Traders will choose the riskier stock market. But cryptocurrencies will be one of its destination.
If you are not a professional macro analyst, you may hesitate before the rise comes and miss the best trading opportunities. But it doesn’t matter, you can choose our TSB indicator. As mentioned in our report last Friday. The TSB indicator prompted a BUY signal on Friday and has risen by more than 8% without any leverage.
Last but not least, we are on the way to a rate cut and the cryptocurrency has pulled back lower due to a series of FUD. Don't miss out any opportunities of open position because of indecision, hurry up and use our indicators.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July.
In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks.
This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
ETH/USDT 1DAY CHART UPDATE !!Ethereum has recovered from the lower boundary of the descending channel and is currently trading above $3,300. The next significant resistance level lies around $3,400. A break above this level could see ETH target the $3,600 mark.
Support is strong at $2,950, which aligns with the previous consolidation zone and the lower boundary of the descending channel.
A break and close above $3,400 with high volume could target $3,600 and above.
Failure to break $3,400 could lead to a retest of the $2,950 support area.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse from this level to the overlap support.
Pivot: 3,277.65
1st Support: 3,064.76
1st Resistance: 3,357.92
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BRIEFING Week #28 : Is this the real Signal this time ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
BREAKING: ETH UPDATEBased on the past view we had the price is now on liquidity range and what i see is a short term to gray zone which can guide price to next decides.
- i'm short now, and I will provide an update regarding the next decisions and approvals.
ETh → enter the position there!hello guys...
as you see eth made a flag pattern and broke it!
after breaking it made a sharp movement and now another pattern under the name head and shoulders!
the blue line area seems a potential area to get a long position!
target is: $4631!
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
ETHUSDT Clear Long Setup (13 Jul)Hello my friends.
This is my ETHUSDT long setup for this week.
I am waiting for entry on monday.
Have a good weekend.
ETH - WATCH OUT for SHAKEOUT : Bear-and Bull TrapsUsing leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions.
Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts.
It is, however, important to keep monitoring the situation. As long as the drop remains fairly small and the price stays close underneath the red trendline, recovery is an option.
_________________________
BINANCE:ETHUSD
ETH BREAKING UPDATEAfter touch all of targets, its time to have a little surfing to upwards, and maybe have better momentum to touch higher target after U.S. Producer Price Index rates news.
Is the bull market returning? ---- ETHYesterday, the U.S. CPI for June was released, showing that inflation has eased far beyond expectations. Gold rose, but US stocks and BTC fell. After Powell's dovish remarks, the improvement in CPI can be regarded as a turning point in macro policy. As we often say, we are on the way to a rate cut. We do not believe that the decline in US stocks and BTC demonstrates sell the news.
We believe that funds flowing out of US stocks will flow to BTC and the stock markets of developing countries. BTC did not show strength at when the CPI was released because of the lack of funds. After funds flow into the market, BTC will have a pump, and the funds in the BTC ETF in the following days will prove this.
Therefore, at current levels, it is a good opportunity to buy high-risk assets. Funds will flow out of U.S. stocks and try aggressive investments. Whether it’s BTC or developing country stocks.
In terms of underlying selection, ETH is better than BTC. This is mainly because the ETH ETF approval date is getting closer. From the perspective of entry point, the current TSB indicator gives a BUY signal at the 4h level, which is a suitable position. The TSB indicator has successfully captured gains from declines and rallies many times over the past month.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Trade Setup: Ethereum (ETH) Long PositionMarket Context:
Ethereum CRYPTOCAP:ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief:
Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF.
Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE compared to their GBTC, as ETHE shares will be converted into the ETH trust on a 1:1 ratio.
Trade Setup:
Entry: Enter a trade at $3,000.
Take Profit:
First target: $3,250
Second target: $3,530
Third target: $3,700
Stop Loss: Set the stop loss just below $2,900.
Strategy Overview:
This strategy hinges on the anticipated positive impact of institutional involvement and reduced selling pressure, positioning ETH for potential gains in the coming weeks.
📊 Monitor market developments and adjust your strategy as needed! #Ethereum #CryptoTrading #ETFNarrative 🎯
Crypto Market Weekly Analysis: BTC, ETH, SOL, BNB, BTC dominanceWelcome to our weekly analysis of the cryptocurrency space.
█ BTC/USDT
The BTCUSDT chart shows Bitcoin trading within a descending channel, with recent price action bouncing off the lower boundary of this channel, indicating potential support around the $53,000 level. The RSI indicates bullish divergence, suggesting a possible trend reversal or a strong bounce from this support level. Additionally, the Volume Profile on the right shows significant trading activity between $68,000 and $60,000, indicating key resistance levels above.
█ BTC.D
The Bitcoin dominance chart shows Bitcoin dominance forming a rising wedge pattern, which typically indicates a potential bearish reversal. The RSI is exhibiting a bearish divergence, suggesting weakening momentum and a possible decline in dominance. A breakdown from the wedge could target a significant decrease, aligning with the projected target area shown on the chart.
█ ETH/USDT
The ETHUSDT chart shows Ethereum trading within a descending channel, with recent price action rebounding off the lower boundary, suggesting potential support around the $1,850 level. The RSI is showing signs of a potential bullish divergence, indicating a possible trend reversal or a strong bounce from this support. The Volume Profile indicates significant trading activity between $3,200 and $3,600, suggesting key resistance levels above.
█ ETH/BTC
The ETH/BTC chart suggests upward action for the RSI and bullish patterns with a primary target of 0.06178 BTC and a secondary target at 0.06861 BTC. This follows the Bitcoin dominance bearish sentiment meaning more capital would flow into altcoins and Ethereum being their catalyst.
█ NASDAQ
Bitcoin has often been correlated to stocks , not that it's a good thing, however since Bitcoin's ATH in march we've seen stocks keep rising while Bitcoin ranging with around 30% downside from ATH. Nasdaq is at ATH right now and Bitcoin is not. The RSI suggests that stocks are overbought but not indicating a divergence yet.
█ BNB/USDT
The Binance coin is currently down 28% from its ATH after bouncing up +10% from its middle point of 450 $. I'm still bullish as long as the shift to altcoins scenario continues and RSI remains in the bullish area above 50.
█ SOL/USDT
Solana shows a bullish wedge and multiple bottoms of its 3 months support at 127 $. RSI is printing a bullish divergence. My primary target is 189 $ and 2nd is 210 $.
█ GAMING coins
EGLD has been outperforming Bitcoin and is the top performing gaming coin of the week.
█ Top cap coins
The biggest coins in market cap compared to Bitcoin shows Solana in first and AVAX in second.
█ AI coins
Artificial Intelligence coins compared to Bitcoin: INJ arrives first and NEAR second, but the global AI space isn't performing remarkably well.
█ MEME coins
Ending this analysis with meme coins , we can't ignore the fact that BONK is hard outperforming Bitcoin in first position.
Thanks for reading until here, I hope I can catch the time to make another analysis next week.
BTC - 4H Best Sell Opportunity#BTCUSDT is currently trading within an ascending channel that is often recognized as a bearish flag pattern, indicating a potential continuation of the downtrend. The price is approaching the top of this channel, which coincides with a significant resistance zone. This confluence of resistance levels provides a strategic entry point for short positions, offering a logical stop loss placement just above the resistance zone. The bearish flag pattern suggests that the upward movement within the channel is a temporary correction before the downtrend resumes.
Additionally, there is a notable daily timeframe support zone that has been broken and now acts as a resistance after a period of consolidation below it. This transformation from support to resistance further strengthens the bearish outlook. As #BTCUSD tests these resistance levels, the probability of a downward move increases, making this an ideal setup for traders looking to short Bitcoin. The confluence of technical factors suggests a high probability of BTC resuming its downward trajectory from the current levels.
ASRUSDT 1D LONG📈Hi all. Timeframe 1 day. ASRUSDT has formed a triangle, looking for a long break/retest. Goals on the chart.
Fibo Waiting MomentToday all time high price.
If you want to buy. Wait the price touch the fibo support line.
$ETH TO 15K BY DEC?The 3.618 on the fib from the 2018 ATH put's us on 2021 cycle ATH of ~$4.9k. The 3.618 on the fib from the cycle ATH of 2021 put's us on this cycle ATH of ~$15k possibly by December this year. This 3.618 on the fib also intersects with the cycle tops trendline from 2018. I don't think it's a coincidence. This would also mark a completion of our major 5th wave that is about to begin. Let me know what you think in the comments. Thank you.
