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To where do we expect ETHUSD next?Last week we were looking at a weaker upside move. This week we are looking at which levels we could see next. Right now, price is in a nice downtrend and already breaking below previous lows, after it’s made a correction. This pullback is also known as a Pennant in technical analysis. Based on this figure and on the trend we should see a downside continuation. We’ve marked the 1736-1804 zone as a support zone at which we’re going to be looking for price reaction. In case of a reversal candles we recommend closing out selling positions. It’s still early for buying opportunities and we don’t suggest looking for any on this timeframe!
COINBASE:ETHUSDShort
by ForexTrendline
32
August 4th will be hugei know ive been posting a lotttt of btc and eth charts recently, but guys i really feel like were closing in on a massive move here. im gonna share a little theory i THINK i have in this post lol. you can clearly see the significance of this pink circle band, as it has been the last line of resistance to bullruns. when we find support on this band we go parabolic, historically. well, the next fib time extension from measuring the swings highs and lows of this last cycle falls on august 4th, same day as the upgrade. if you look at the myriad of macro btc charts ive posted, you will see that the beginning of august is lining up to be quite important, i have dates for august 9th, 16th and 24th as important fib intersections. the btc chart, to me, is hinting that the move coming will be to the downside. by quite a bit tbqh, 30% to 50% for the first initial drop then possibly more. obviously btc could very well explode at this time as well, it just feels more likely that it would drop. its hard to explain in a post, but the fall would be from our current macro support line, to the next macro level down, which is in essence separated by the volatility of the corona crash if that makes sense. the discrepancy between the two formed because of the volatility and eventual correction of that volatility, but a macro support formed none the less. meaning, to me, it would take another catastrophic event for btc to fall back to the macro support level that takes into account the corona crash. the fib time and circles line up (for btc) also point to sometime in early to mid august and range to about december of this year... so my thinking is, what if that "catastrophic event" that pushes btc down to those levels is simply ethereum (after the upgrade) making a push to challenge btc's market dominance? could it be that after research and running algorithms, institutional money is far more interested in investing billions of dollars in ethereum over btc? which makes sense because they would want to be STAKING that billions of dollars right? would you wrap billions of usd worth of btc to stake it, or would you simply exchange your billions of USD from btc to ether..... you see where im going with this? what affect would it have on the market if BILLIONS of dollars were exchanged from btc to ether over a very short period of time? does institutional interest believe btc to be dramatically overvalued, considering it has no actual functionality compared to ethereum? if you had billions of dollars, what would you want to do with it? what if all this fud right now is simply the whales planning on dumping billions and billions of dollars worth of btc into the market, knowing that ether is the way to go? what if what if what if lets talk about it
by g0nzo
3
BTC Imminent breakdown and Sell positionBitcoin is consolidating for quite some time now with zigzap pattern form, but, if we look closely, we can see that the price is congesting and the pressure seems to be on the sell-side. Also, price action since the start of July is putting a descending triangle on our chart. As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue. In Btc's case I expect a break under 34,000 zone support and even a drop under 29k important figure. Obviously, a break back above 43K would negate this scenario. Always remember to set stop loss and trade what you can afford and risk. Please leave a like and comment it will help us more. Thank you.
COINBASE:BTCUSD
by GerradFletcher
11
ETH - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETH is sitting around strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: ETH is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETH would be overall bearish can still trade lower and even break the green support downward. In this case, if we have a big bearish daily candle closing below the green support, then the next support/rejection would be the 1700.0 Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
43
Crypto Total Market Cap, June 29A double bottom is happening on Crypto Total Market Cap and target is around $1.7 Trillion as you can see. It is on bullish trend and it has reacted to the support level , It is on 0.618 Fibonacci level too Zoom out the chart, you can see the whole history. Same thing is happening on BTCUSDT chart also which is normal and target for that is $40k , If this really happen then BTC will returns to the bullish channel and BTC rally is still going on (see my previous idea, I have linked it below).
CRYPTOCAP:TOTAL
by bearofwallst
2
Educational chronology Over the last couple of Months, I have published some educational content here @TradingView and wanted to correlate them into one post as they now cover several pages. Starting with some of the fundamentals and into more of the advanced topics; EACH IMAGE IS A LINK TO THE ACTUAL POSTS Starting with Psychology - one of the most important things to pick up on early. There are some great books on trading psychology, one of the best in my personal experience is Trading In the Zone by Mark Douglas. I expanded on this psychology one - by adding cartoons to break down the stages. As for some good books see this post; ----------------------------------------------------------------------------------------------------------------------------- When starting (many new traders are joining sites such as TradingView) for crypto. So when assessing companies/coins to invest in - it's good to have some depth on the company. Here's a guide on assessing alt coins; Another relevant topic in crypto - as there will be dips! IS how to buy the dips. ----------------------------------------------------------------------------------------------------------------------------- Chart basics Trendlines; Moving Averages; Mixing timeframes on the chart; A little more advanced MACD; Confusion in Indicators; Gann Fans; ------------------------------------------------------------------------------------------------------------------------------------------------------- Emotional analysis - Elliott & Wyckoff Why I called this emotional analysis - is that the way Elliott & Wyckoff could read the situation above the chart price, the fact that human behavior drives markets. Composite man (Wyckoff story) controls the markets based on understanding how humans think. Means this is less technical and more emotional. Elliott Basics; Elliott Level 2; Wyckoff; Wyckoff chart basics; Basics 2; ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Another topic worth mentioning is COT (Commitment of Traders) a report issued once a week on the large money moves, in simple terms. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- I know there is a lot here in one post - but I hope it helps going through the basics like this and you can save for reference. This was mainly due to all of these posts being over several pages in my profile. This way it's all accessible. 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:BTCUSDEducation
by Mayfair_Ventures
13
Blow off Tops for BTC, BNB, ETH and Total2Very curiously lots of people have been asking where the blow off tops have been for crypto because they are use to seeing blow off tops on crypto on weekly or monthly charts. As the market matures it begins to move a little slower and we can see that by looking at the newer coins, BND and ETH showing a blow off top on the 3 month but BTC showing the blow off top on the six month chart. This also leads to a broader point of what charts scale to use. This rejection wicks or profit taking wicks are very clear on the standard scale. They don't look so bad on the log scale. Also, lots of people crow about doing long term analysis but it seems they don't want to consider how bearish these candles are. Seriously, how can you be bullish on this?
BITSTAMP:BTCUSDShort
by This_Guhy
5
ETHBTC - Bullish Idea (5-Day TF)ETHBTC Symmetrical Triangle that broke higher could be forming a continuation pattern (pennant/flag/wedge/ascending triangle). The break out of the triangle got rejected at the 0.5 fib level, pulled over the 2017 bull market. Since we broke out of the symmetrical triangle at the 0.236 level we can also expect a pullback and retest of that level before continuing higher. Bitcoin Dominance chart also seems to be in a bear flag, which could be the inverse of the ETH/BTC bull flag. The 0.786 and 0.236 fib levels have acted as rejection points during the bear market, interesting to note.
Long
by cardano4google
2
Happy (Independence weekend) - Early Logging off for the weekend! I wanted to say, have a great weekend! One question for you - where do you think BTC will be at the close of Sunday (4th of July)??? Up or down? Sideways? What you got? See our signature for more info & related ideas linked below; 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.
CRYPTOCAP:USDT
by Mayfair_Ventures
29