ETH-BTC
Intraday ETH/BTC Spread: 5 waves up completed, now correctingThe intraday ETH/BTC spread serves as a risk on/risk off crypto barometer. It has been evolving inside this giant triangle since May and has officially broke to the upside over the two weeks. This confirms my call that the bear market is over and that we are now in another altcoin bull market. The spread has finished 5 waves up and is now correcting. Althought I could be surprised, altcoins are going to take a well deserved pause and even decline relative to BTC in the upcoming days.
🔥 Ethereum Huge News: New Protocol EIP 1559Ethereum is one of the major performers of the current market. Not only is ETH performing outstandingly, it's also leading the market. ETH pumps, the rest follows.
One of the major catalysts for the current ETH price action is the fact that there's some great news coming out. As of today, ETH has upgraded it's token protocol to (EIP) 1559, which is arguably one of the biggest upgrades that ETH has seen to date.
What is (EIP) 1559?
At the moment, it's very costly to make an ETH transaction since users have to bid manually how much they're willing to pay for a transaction to get accepted by the network.
Under the new protocol, this bidding process is automated and will vary based on the amount of congestion of the network.
Another major change under EIP-1559 is that part of every transaction fee will be burned, which will reduce the supply of ETH and create a higher amount of scarcity, potentially leading to a further increase in price.
Price Action
Over the past couple of weeks we've seen a double bottom (triple if you count the May wick) price reversal pattern, also known as a W-shaped recovery. With ETH breaking through the $2600 resistance level and retesting it, a solid support has been created at the $2600 level. If ETH manages to cross the green area of resistance, I'm willing to bet that we're going to see $4000 again in the coming weeks.
Furthermore, ETH dominance is currently going through the roof, further boosting the confidence in this coin.
Happy trading!
ETHUSDTLast post of a busy first week here on Tradingview, Ethereum has completed this harmonic, and from this point we are struggling to break the $2.8k-$2.9k level, now price is starting to reject going higher, we can look to short eth back down to the bottom of the range for trade points of $1700/$1800, This is my last post of the week, enjoy your weekends, and have a cold one on me.
BITCOIN AGAIN LONG TREND - ALSO SINCE GOOGLE NEWS - Breakout 43kHello Trading friends,
We are into new uptrend targets, and since google news, the price of bitcoin did increase more.
Google running crypto ads again, which means great news for BTC. but we don't depend our orders on news, as we follow the live data of the chart, and most time the news is included in the data.
What means this for BTC?
This trend could bring BTC back to 42500 + where we did end at last increase - and we could even go over that target to 43-44K trend.
In the coming time we will follow the trend for a long, but at know the same time we check the side at 2 sides.
This was the last increase we did add about 42500 usd, from there the trend did hit and return back.
Have a great time all for this long trend at this moment.
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
Death cross in Ethereum * 50 and 200 Daily moving average in Ethereum forms Death cross, including the RSI indicating Overbought.
* Death cross is technical chart indicator occurs during huge sell off, it occurs when the short-term moving average ( 50MA ) crosses below it's long-term moving average ( 200MA ).
* The RSI overbought is considered when the indicator moves above 70, and the oversold is considered when it moves below 30.
BITCOIN MAIN TREND FOR SHORT = 36K AREA - LIVE DATA SHORT FALLHello trading friends,
Depending on the last live data view, it looks that some important signals showing a breakdown trend for Bitcoin, what the exactly reasons we still not find. but depending on whale trend also looks to breakdown.
Our man target for short is 36K trend.
BITCOIN MAIN TREND FOR SHORT = 36K AREA - LIVE DATA SHORT FALL
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
ETHEREUM : IMPORTANT KEY LEVEL FOR LONGHi to all,
ETH is moving bullish like BTC. 2,4K is an important key level for getting a long position if you didn't take yet.
Above this level first target will be 2,6 and the next target will be 2,9K.
We will talk about a new strong bull season if it breaks 2,9K upside.
Keep follow me for the updates. If you find this analysis useful, please support me with LIKE and feel free to ask all your questions as a COMMENT.
BITCOIN IMPORTANT TARGETS TO KNOW - WEEKEND TRADINGHello trading friends,
I hope you have a great weekend all. this is a weekend update for BTC depending on the last trends.
We had a great week where bitcoin did show an increasing trend - we did add before that bitcoin about to breakout to 42500 as here below. this depending on TA Trend.
As we know BTC goes into lines, the main trend is that we are into an uptrend, as a #Daytrader you should always take on some points profit, and not risk your investments. we have seen in the start of increase to 40K, the whale effect should get more trust in the zone 40K to trust this zone, we did saw a small return back, the trend had broke also the power volume, we did share before more times about the power volume line. after that we did upload from 40160 , that trend is getting confirmed with the timeline again for an uptrend, and with good news for those did hold BTC uptrend, it did get a confirmation and time frame, and as now we still are into the uptrend.
What is next?
If you are into uptrend target, there is still a chance bitcoin will break above the trend, as the update is on an uptrend.
There is no breakdown trend until 39850 USD, this should be done with a confirmation line and time frame.
The main trend is still an uptrend - there is at this moment no change that we are into #daytrader breakdown trend.
what about the main target we are since 29k + in the uptrend, and we did upload it before about it see the below chart.
This is a view since 30k with expecting to 42k +, this chart we did upload not long time ago.
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect.
DOGE #DAYTRADE TARGET 0,23+ SHOWS GREAT INCREASE TREND.Hello trading friends,
This update is for DOGE with Target expecting #Daytrade 0,23.
We expecting depending on data and trends, that Doge can get an increased trend coming time with a possible trend target of 0,23.
To see our main update for long term doge check
#Doge is a coin where you hear most time it's pumped, and when you watch you see 20% + it just happened most times unexpected and times most traders don't expect. another side is also possible. we should check trends always in 2 sides
# know that this is crypto and it can take some time before increasing comes, and also some times trends can break down first before it shows any increase.
same time use good risk management.
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ETC- Ethereum Classic Possible increase to 60 usd + 30% + inc..Hello trading friends,
ETC shows a possible day trend breakout for the coming time - if this target plays out we could see a 30% increase trend on ETC.
With the trend, it can still break down - but the whale interest on the level increase is still possible, as this coin can get a choice out since whales have some effects to choose a coin. ETC is not only interesting.. but it have also the TA to increase.
Targets
TP 1 56 usd +
TP 2 60 USD + this could be a 30% + increase
As always manage your risk always, and don't enter any coin with no SL.
Have a great time.
we will follow coming time this coin and update the targets as we do always.
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Sleep like a baby...And I don't mean, up every hour crying!
The logic is in the price action, many people are already calling for the moon. It won't be that easy, I can assure you!
If you have followed along with our streams, you would have seen the Weis wave logic and the count as per the Elliott wave day ranges.
Here's the simplified logic showing the range of days.
If this isn't enough to give you some comfort, how about this?
We have been making lower highs and lows since our ATH...
Don't get me wrong, I am not all doom and gloom - and for you perma bulls, I have been Bullish BTC Since 2011. But recognise the market sometimes needs a correction, I have written several posts on buying the dip and even a roadmap to our current location.
See date of post. And to update this, see below;
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See the logic from the 18th of March as to why we were in distribution (related ideas) They blew up the rocket.
This was the schematic in simple form. With current price action nearing it's low.
We also posted several educational pieces on the Wyckoff schematic.
Click the image to take you to the post.
Above is the local schematic formed and this could easily fit the profile for a nice UTAD type move.
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Composite man (Wyckoff related) is having a laugh and will play the games, until he is ready.
So whilst this might upset some Bulls, confuse some bears. The logic is there to help. It's been an interesting day today!
Trade safe!
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.