ETHETH ran too fast too quick,
Breakout traders are trapped here and if the prices trades lower they will be forced to liquidate their positions this in line with the FED meeting one the 27th and another rate hike this could easily playout.
Above and hold above 1600 i will cut and change go long..
for now short with target marked with circle.
ETH-BTC
Ethereum short entry at $1700 - Bitcoin risks are too highThe cryptocurrency market is battling some resistance and negative fundamentals to maintain gains.
Tesla's sale of bitcoin has caused a panic where bears have momentarily been in control and buyers are trying to dominate the price action, which seems to be recovering momentarily.
Despite the weak results release, the feeling is a bit optimistic. If stock markets turn bullish, cryptocurrencies will strongly gain that support.
Ethereum is above $1,600, which can push the price towards the resistance zone above $1,700. A record amount of BTC flowed into the Coinbase platform. A whale, which has acquired 207,000 BTC since 2019, has transferred most of its reserves from an external wallet (cold wallet) to the platform. In the past few days, the address has sent more than 160,000 BTC to Coinbase, raising concerns about its possible sale.
ETH/BTC is Breaking A Long Term Uptrend This is a quick post. A month ago I wrote about the potential long term top for Ethereum's ratio against Bitcoin, comparing it with the distribution seen on the XLM/BTC pair in 2018.
Since the post, the ratio has declined over 20%, while ETH/USD has tested Summer 2021 lows ($1700). Today, ETH/BTC bounced off the 200 MA on the 3 day chart (teal). Once below, there could be unlimited downside. Although I made a couple of bullish-leaning posts today (short-term), the above chart shows significant risk still exists for the crypto market, and why I'm being cautious. I no longer own any ETH, having sold it all between $3000 and $3300.
Ethereum doesn't tend to do well against the Dollar when it's also not doing well against Bitcoin, so this can be taken as a warning. If Ethereum continues to decline here, what then does that say about the rest of the altcoins in the crypto space? The implications here are pretty serious. Still, even if ETH loses market share, it might eventually be worth considering if there will be other blockchains that take its place. Not so sure about that yet, and the technology may not even currently exist. As I wrote today, I bought some ATOM and ALGO for fun, though I may quickly abandon those.
This is not meant as financial advice! This is meant for speculative and entertainment purposes only.
-Victor Cobra
#PLSD could retest lower prices#PLSD price is trapped in a parallel channel in a nice accumulation/distribution chart.Sellers are happy to sell at the top of the channel is 4.21usd (resistance), with bottom of the channel at 1,75usd where buyers outweight sellers.(support)
Rejection of the top BB (daily) and the rising wedge on daily ,has a DOWNSIDE measured move to the bottom of the channel .Still a good chart but correction incoming .
Target1 1.75
Target2 1.45
Invalidation 4.50 (daily close)
ETHEREUM - HUGE ACCUMULATION CHANNEL Short term looks like we can have little push to the upside towards 1400 usd. I will consider it as continuation of redistribution and just after its finished I would like to see downward movement to the new lows. I think green line matters and if we will go for new lows there can be our bottom.
In that case huge accumulation channel would be very clear.
LTC - two possible scenariosAll depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the potential of reaching new highs before December. Time will tell...
BTCUSDT🔥 Graph updateSubscribe to the channel that would receive new information about the cryptocurrency market✅
Hello everyone👋
I will update the BTC chart
I expect the fall to continue to the $17,700 retest zone
So far, the decline has not been stopped much by short-term consolidation in order to gain more longists, after which the liquidation of longs and the removal of shorts will begin.
I moved my order from the last trade below $18.150
I think there will be a squeeze and they may simply not catch the 17.700 zone
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Hello traders 👋
Let's break down the XRP chart
After a long consolidation, the asset broke out and showed 20%, congratulations to those who made money on this movement👏
Then I expect a rollback to the local support zone, there was no closing of a full candle, so I think the asset will not test the local zone, but will simply roll back.
BTCUSDT 🔥 Get 8% profitSubscribe to the channel to receive more new information about the cryptocurrency market✅
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▫️BTC is testing the trend line on (TF) 2H. There are two options for events, either a rebound to the local zone and a breakdown, or a test of the trend line with a subsequent breakdown down.
Sample deal plan:
💡Entry $21.150
🔝Take profit 19.855$
✖️Stop-loss $22.450
📈SOL: potential pullback! Don't fall into THIS trap.Solana (SOL) is now under the sellers pressure. I marked how the volume growth when the SOL reached new highs. That means that retail traders buy the highs in case "to not miss the opportunity" but actually it`s just another pottential trap for them.
After the price return to the key level of $37.37 the volumes have to confirm that big players continue to sell the SOL as it marked on the chart. Only after this we have the good opportunity to open a short trade with good RR.
The target is a value area of $28-32. There is also the global trendline which is also have to be the HUGE support for the price. After this pullback we can expect the continuation of consolidation or local growth until BTC nt be ready to reach news highs.
How do you think the Solana continue to grow and be the top gainer of the next year or it`s blockchain is not ideal and it`s goes donw int he top crypto list? Let me know in the comment your thoughts about fundamentals!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
bitcoin still can have correction ? its possible !!!here is my idea about the worst situation that could happen to bitcoin
and i think it will happen
we should start our road to moon next year
and still we have 12 month
and yeah i think it can reach 12000$ and i hope it happen
because i could have more at lower price .
it is always good to buy the deep
WTF Is Happening To Ethereum?!After the Market Crashes in The Last Few Days, Following The Loss of Some Important Technical and Psychological Supports of Ethereum, This Cryptocurrency Lost a Much Larger Percentage Reduction in Price Compared to Bitcoin. Examining the Bitcoin-based Ethereum chart, Ethereum Has Been Able to Fill the Liquidity Void Left Over From the Past Uptrend During This Price Correction, and By Hitting Liquidity Areas in Several Times, Has the Potential to Reverse the Trend. It Should Be Noted that By Analyzing The Chart From a V.S.A Perspective, One Can See The Tangible Inflow of Smart Money. However, Given The Amount of Tick Volume and the Size of The Candle Wicks, It is not Out of The Question to Retest Supply at These Levels. If The Supply Test Is Successful, The Scenario Drawn in The Chart Will Be The Most Likely Scenario For ETH/BTC.
Ethereum for $1000 IS IT REAL?!Who here asked for a discount on ethereum?)
Friends, I think that ETH will very soon cost $ 1000 already in this zone, maybe the tool will find its support.
So far, it is possible to gain a position in short with a small percentage of the deposit, a take-pro of $ 1050. Don't thank me)
We took the last short with you confidently now we will catch long from $ 1000
✅Do not forget to visit the channel there is a lot of useful information about trading.
✅Write your comments what you think about this coin.
Precious Metals continue to surge against cryptos#Bitcoin and #Ethereum have been in a lot of hurt lately, and the end has yet to be seen.
This custom chart shows #Gold and #silver in their historic proportions versus major cryptocurrencies #BTC and #ETH.
As you can see, PMs have been outperforming cryptos in general since November of last year.
A reverse head-and-shoulders can be found in this chart, implying that the pain for the crypto market has a ways yet to go.
It used to be common to have 5 to 20% of a portfolio in precious metals depending on risk tolerance. With the threat of inflation those numbers should be significantly higher. Today's median crypto investor has 0 in PM holdings. Luckily there is an easy way to convert crypto to actual, allocated, physical (and even deliverable if desired) gold and silver.
Check out the Kinesis platform to learn more: kms.kinesis.money
Good luck out there everyone