Get started

Ehtusd

BTC buy dips TP 70 000 USD Octoberfest🔸Hello traders, today let's review 3 hour price chart for BTCUSD . Bitcoin trading sideways over last 7 months with extremely low volatility. Having said that, low vol always precedes high vol periods, therefore it makes sense to prepare for the new BTC move in advance. 🔸BTC stop loss clusters located at 71 000 usd / 73 000 usd / 76 000 usd. Expecting bulls to trigger stop sweeps near overhead SL clusters. Therefore expecting more gains in this market in October. October is also a decent months for BTC bulls based on recent data. 🔸Recommended strategy bulls: wait for pullback to complete near 59 000 / 60 000 usd and confirm reversal signal with RSI/price div on 3 hour chart and/or use any other systems/indicators to confirm reversal. BUY low close to 60 000 usd, stops fixed at 57 500 USD, TP1 bulls is 65 000 USD TP2 bulls is 70 000 USD, 15% upside in this trade setup without leverage. break below 57 500 usd invalidates bullish outlook. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDLong
by ProjectSyndicate
26
Market feels untradeable ATM - keep your cool.Hi folks! The market just feels untradeable at the moment - there has been significant correlation between BTCUSDT and the stock market in the last couple of months, and that generally holds in periods of fear. Now, the stock market itself seems untradeable ATM (although the overall picture seems bearish): - Intraday Bounce in american stocks during friday. - Mixed stock indexes in Asia tonight. - European stocks slightly in green overall. - U.S. market closed today. Now, I think Bitcoin is technically bullish on, but there has been very little momentum on the bounce although "everything" signalled a big reversal from around 40k. However, we now seem to be in a symmetrical triangle (indecision), so I would hold off until the american markets (or at least the american futures market) opens/ the triangle breaks to either side with confirmation on retest. All eyes are on the US10Y these days - as long as the yield keeps increasing, risk assets will be bought up to a certain point - where "everyone" would want to buy bonds. DYOR. NFA. I wish you all well!
by TheDots
ETH/USD - Reclaims $4k post-crash! Sign of strength!Despite the market crash on Saturday morning, which saw significant liquidations of over-exposed leveraged traders, Ethereum managed to recover almost entirely, as of writing these lines. This is an important signal to the market that ETH is firmly holding against Bitcoin, which appears much weaker following this weekend crash. While ETH managed to recover fast and reclaim the $4K milestone, the same cannot be said about Bitcoin. For this reason, on the ETH/BTC chart, ETH just made a higher high at 0.085 BTC, which is the highest level since May 2018. The all-time high versus Bitcoin lies around 0.15 BTC, and Ethereum appears well on its way towards that target after breaking above the key resistance at 0.080 BTC, along with a horizontal triangle pattern (as shown on the following chart) Against the USD, ETH has to remain above the key support at $4,000 to maintain the bullish price action and then likely to face resistance levels at $4,284, $4,500, and $4,868 (ATH). Trading Volume: During the crash, the volume peaked. However, the recovery candle saw a lot fewer amounts of volume. Best to be cautious because of this, particularly once the price reaches the first resistance at $4,284. In other words, the volume is not in favor of the bulls right now. RSI: The daily RSI made a higher low, despite the crash. This is a sign of strength and gives hope for a speedy recovery. MACD: The MACD was bullish before the crash, but this quickly rolled over due to the collapse, as the moving averages flipped back down and the histogram went into the negative territory. If ETH stays above $4,000, the MACD will likely revert back to the bullish territory. The bias for ETH is neutral. It is too early to turn bullish and traders should be cautious as any significant rejection at the resistance levels may lead to an over-reaction from the market due to the recent crypto market crash. Ethereum’s fast recovery back above the psychological level at $4,000 is a key win for the bulls and if they can sustain it, then confidence in ETH will return and build up momentum for a rally. ETH must not close a daily candle below $4,000. As long as this is so, ETH is well-positioned for higher targets. Like and follow if you liked my idea!
BITSTAMP:ETHUSD
by DU09
2
ETH/USD - Bearish price action after failed break of ATH!ETH failed to break above $4,380 and now its being pushed down towards support... not looking particularly good for bulls in the short term. Continuation of this pullback may lead to a retest of lower support found around $3,500. For now the support at $3,900 is holding the price. But can it hold longer? The volume is not encouraging and would suggest we may break the first support level before a new attempt at ATH is made. Wait for a break of support before taking a position. Long term ETH should move beyond the current ATH. Just a matter of time. This recent rally was decent enough and a pullback was needed. Like and follow if you liked this idea!
BITSTAMP:ETHUSDShort
by DU09
2
ETH We need a break here to continueGood Morning traders! I hope you had a great weekend. Mine was busy, just like the crypto markets. However the more they change the more they stay the safe. Price continues to be held EXACTLY at the area I highlighted, this is because we the market respects the areas filled with orders. Currently I can see 2 options for price movement. Orders are protected and we head lower sweeping the immediate lows before heading higher again. OR we have a failure of the head and shoulders pattern, I see this as more likely, its a very obvious pattern and retail traders like obvious patterns, whales can see the orders... As always trade safe EnvisionEJ
BITSTAMP:ETHUSDLong
by EnvisionEJ
BTC retracing the bearish moveGood Morning traders! Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning! Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as always price will be attracted to the orders either for protection OR for liquidity. We can also say at this stage the Bearish head and shoulders pattern is at the very least looking to form a second shoulder but more likely failed. I hope you managed to pick up some bargains, but be aware we can still sell off in the coming days. As always trade safe. EnvisionEJ
BITMEX:BTCUSD.PLong
by EnvisionEJ
2