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ETH-BTC

ETH UpdateNow let's revisit our ETH-BTC chart. The upper support line appears to be holding, however the downward momentum looks strong enough to push price to the lower support line. The Aqua path now seems the most likely to me, however I'm not totally convinced the lower support will hold either. Regardless, I'm waiting for ETH to enter my Buy Zone before I'm interested in taking a long position. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
ETH short updateI made a mistake on my last published idea. This is what it should look like. The yellow line is the old local low set on December 29. The green line is where we set the short. Volume on selling rallies is way over moving average. We are making plays based on the four hour chart. In this view of the one hour chart we can break the four hour candles down. And frankly they look good for short sellers because the sell pressure is strong. If you made this play don’t forget to take profits. And don’t be greedy. Look for a false buy rally only if above 3500 to sell short: Preferably after at least one green hour. Optimally after three green periods. Please follow the link to the original post there is more content. Just had to fix the chart here.
Short
by CryptoSlayerFX
BITCOIN is creating a descending triangle pattern !! careful !!on the 4H time frame bitcoin is forming a descending triangle pattern with 2 possibilities : the First one is to go down to 43100 to a find a new support level, the second is break to the upside with the target i mention on the chart 49500$, this pattern is a bearish pattern and the market may going on his downtrend to another support level as i already shared with you guys to enter a short trade on 52K, this time i cant say i'm that bearish because the market is not safe and all his do is touching your stoploss and back, be careful guys trade with caution and take care of your money.
by THEMONEYMAKAAH
Alt Season Starting SoonThis is the total crypto market cap "excluding Bitcoin" This morning we got a rejection of the 0.618 and dropped 6% but structure is still intact, we need to close above 0.5 Fib in order to confirm that the correction is over for this chart but the daily hasn't closed yet and target is the same on the daily , 1.40T. Even though for now we under the 0.5 fib we did hold the bottom of this ascending channel and most importantly bounced off the 4/1 Gann which is bullish. As always time fib momentum zone would be 30th December 2022 to 3rd January 2022 , could we see crypto market cap break the 8/1 Gann during this time frame? I think so!
CRYPTOCAP:TOTAL2Long
by Sporia
Lessons for the year and into 2022Over the last year I have spent a lot of time on @TradingView writing up educational content, I have tried to apply drawings to my charts to express some lessons in simple yet easy to follow and understand walkthroughs. Here's a chronology regardless of your experience and level. Let's start with Psychology - this is the life and soul of the market, if humans where not so predictable then we would have a completely different looking chart. Humans spot patterns - even when they are not there. We try and assume, we get greedy, fearful and often just outright stupid. Entering trades at wrong times, listening to fake guru's and not doing the work ourselves. When you understand the emotional aspect of trading, your already 50% of the way to becoming a successful trader! In this post (click the images for each individual post) - you will see how the basic emotions work at various aspects of the chart. In a more simplistic form I broke the market phases down in relation to the post above, this time using the Simpsons as the best way to let traders relate to such phases; Homer is brilliant! Again - once you understand some of the basic psychology you can start to create a framework around investing, it will help build a plan. In this next post I wrote about the reasons why people get into crypto - the thrill of the ride, the desire to make it. Once you got a feel for what it is your looking to do and you are wanting to play in the crypto sphere - here's a post that will help you on assessing an alt coin, the process of going through your own due diligence rather than listening to a youtube guru. A lot of what you need to know when searching for the next big thing, is already written in the business itself - this will include everything from the founders, the plan, money raised and so on. Ok so let's step over to some of the technical aspects of trading; Here's a post on the simple trendline - for you experienced traders jump this and the next Moving average post. From trendlines to Moving Averages; These kinds of tools coupled with some basic off the shelf indicators will get you going on your your journey - but you have to remember over 70% of retail traders lose money. There's even an industry quote that states 90% of new traders lose 90% of their account in 90 days. When everyone is using the same Moving averages, MACD and RSI - all it does is lends itself to the type of emotional analysis mentioned in the psychology section. So trade carefully. ALWAYS deploy proper risk management and do your own due diligence. Here's the basic on using the MACD if you do want to use it along with the 50 and 200 Moving Averages ;-) All new traders want to buy the dip! But how; well here's a little advice on that too. This is where it get's interesting; Going back over 100 years there was a cluster of hyper intelligent traders, these techniques are still widely used today and just as relevant in crypto as they where for commodities and stocks when they where first introduced. Here's the introduction; Personally I feel these guys where not technical analysts but emotional analysts - they understood various aspects of why the charts do what they do, why the human mindset drives the target levels, the patterns are created and so on. From here we can cover the technical viewpoint; Here is an intro to Dow theory... Elliott waves; And even Wyckoff; It was this post that many of you know me for - this was the method used in March to call the incoming top for Bitcoins first major move down. However, the greatest tool of all for doing any kind of Technical Analysis is likely to be Fibonacci; A very old technique and amazing to see the levels get tagged each step of the way, this can be applied to various other strategies and techniques. The whole crypto space is filled with rubbish advice, scams and people claiming to make money. The truth is, like every other trading instrument - it's a dog eat dog world and you need to be able to take care of yourself. I wrote this article explaining why common sense is not that common anymore - logic seems to go out of the window when it comes to crypto. So please keep a level head. Life ain't linear - Yes this is a drawing; took AGES!!! I've tried to cover as much useful info for the @TradingView community as possible throughout the year. Here's another couple of posts that you might find interesting; Do you know what is going on, inside the candle? Chart patterns? Even covered the art of the Pivot Point. What don't you know about dark pools? Or the difference in Volume profiles? Or even if your interested in making your own indicators? And to finish with on the technical side- Here's a couple of good books to get you going into 2022! If you haven't followed me throughout the year and seeing this for the first time - here's every swing & supporting logic for the Bitcoin move throughout the year. And to finish with NFT's and the METAVERSE. and this one; Hope you have had a great 2021! 2022 will be even better! Have a great NEW YEAR's eve and see you on the other side!!! Feel free to give me a follow here and comments always welcome! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSDEducation
by Mayfair_Ventures
22
SNX and the Chaikin Money FlowKnowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be interesting to watch knowing that BTC is King Crypto and will eventually rise to unimaginable price value... even from here. Here's to SNX continuing to mirror. It will eventually pay handsomely.
COINBASE:SNXUSDLong
by tg-l
Bitcoin Mastery These last few months have been amazing to see Bitcoin become more professionalised as a trading instrument. When I started trading BTC back in 2011 - it was a punt, a gamble and something I hoped would grow but wasn't sure. Throughout 2021 you have seen each swing tag key levels - value ranges, MP patterns, Fibonacci extensions and clusters. Respect Gann and Ney levels. It's been very interesting to see an instrument evolve in front of our eyes. Although I covered recently the full years worth of BTC movement; This all comes back to the retail psychology which was covered in the Simpson post. To see the price respect these levels only shows the presence of institutional money flow, pulling the strings. We can see similar respect starting to form in ETH (Ethereum) too; Looking back to this latest move up from the 28,800 level you can see the move did exactly as was expected in August. Tagging to the pip on the way up; In October I was showing why we where tagging a distribution level high - guess what; There you go again. When you put all of these components together, it's clear to see where exactly we are on the roadmap. 2022 - will be a magical year but it's not going to be as easy as many retail traders would assume or like it to be. Have a great New Years! See you on the other side!!! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
9
Bitcoin on the important Splitzone - See whyHello trading friends, I hope all of you had a great day. For a long time, we see BTC having a breakdown trend from the 69K - and as we are now above the 50K area we see some interesting trends going. - The split zone If bitcoin breakout the split zone there is a high chance we can see bitcoin going above the 53K trend. In the best way, we can see BTC hitting also 55K on the long-term trend. # It's important that BTC holds the 49K with time frame, if this goes well, we could see BTC in positive ways for the coming days. If BTC breakdown the 49K with the time frame below - this could mean a further breakdown on BTC. And of course for you as a day trader, you trade up and down depending on TA and your strategy. and most important always study the trend well before you enter any order. Why the split zone? The split zone have shows more times in history of long trend btc that its very important for the breakout of breakdown for bitcoin. There are more split zones. This one are for this trend very important. Have a great day!
Long
by watchtrend
ETH downtrend before bounce. ETH isn't looking particularly strong here. This upward support line is getting smothered with indecision from the market. Supports that get smothered get broken. I wouldn't be surprised if ETH breaks this support to the downside. Based on the most recent major move up, you can use fibonacci. On strong charts it is normal for it to retrace to the 0.5 fib and on most charts it falls down to the 0.618 level. These levels are 3760 and 3480. I'm expecting a slight drop down to the 3480 level soon. It may only touch it for a moment and get bought back up, as it is very common these levels get hit and the 'market bots' begin buying again. Not a good place for a long position right now.
BYBIT:ETHUSD.P
by cheliosTD