ETHUSDT UPDATE
Hello and happy Sunday, everyone! I hope you’re enjoying this wonderful weekend or what’s left of it.
Here’s an update on my latest idea: "ETHUSDT Weekly Entry Signal LONG."
This is the daily time frame, and the price is behaving as expected, retesting the previous resistance as support. This level aligns with the 0.382 FIB retracement of ETH's entire price history after hitting the 1/3 resistance.
We might see a dip below this level to retest the 200MA, which sits just beneath the FIB level. This gives us two significant support levels that could push the price higher. The downside volume isn’t particularly strong, which is a positive sign for the bulls—it indicates that bears aren’t very persistent in driving the price lower.
An ideal entry would be if the price dips below these two support levels and then reclaims them.
I’ll keep this idea updated for you and for myself.
Stay safe and enjoy the good times we’re living in right now!
Erhereum
ETHUSD Back to retest the lower highs trend line Exciting times in crypto as we speak! ETH/USD is retesting the lower highs trendline during this dip. Today’s close should give us a better idea of where prices are headed. Thanks for reading, and make the moves that feel right—or the moves that bring you profits!
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks.
Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all.
Reference of Bitcoin Trading:
CME Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
CME Micro Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Mean Reversion ETH BTCBINANCE:ETHBTC
Using Mean Reversion to enter at oversold (Diverge to under -4000 ) ETH and sell when ETH overbought (Diverge above +5000)
Profit in USD : 22%
IN USD BTC PRICE BTC AMOUT ETH BTC PRICE ETH AMOUNT USDETH Price USD OUT
1000 41924.13 0.023852612 0.06488 0.367641983 0.000284967 1290.121893
Thanks to @wolneyyy Mean Deviation Detector - Throw Out All Other Indicators
ETH great support It’s getting multiple supports from different angles.
Hello hello Everyone.
As you might see the stochastic is oversold.
The setup pattern is forming is also looking great support.
Don’t forget to show some love and support by liking and commenting.
Remember to follow for more setups and pattern with great Reward over risk doing money management.
Thank you