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ETH-BTC

ETH - Purple War Zone!Ethereum broke below 2500 ... WHAT NEXT? ETH is approaching our long-term red trendline acting as non-horizontal support. Moreover, the area 1950-2000 is a "Resistance turned into Support". So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in green and lower red trendline. As per my trading style: I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break , and so on...) Unless ETH breaks below the 2000 zone downward with a big daily candle, then the support would become resistance again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSD
by TheSignalyst
52
Gold BanditsA long time ago, Gold - physical gold for that matter was in high demand. In recent years bitcoin has been talked about as the gold replacement, what do you think? Is there still value in gold? Think back when people would rush to the mountains, in search of gold! Usually the guys getting rich, where the ones selling the shovels. Similar in crypto today, exchanges, brokers and "information sites" are the new shovels! If we look at how respectful Gold can be, it's an awful lot easier to trade than most crypto currently. We can see from the last post, the fake out and mark down. If you look back at the previous calls - pretty much the same, out and out respect. We are currently looking at a DXY pullback (up) which will lower the gold price before a nice rally for Gold sets in. It would be good to get your opinions on Gold - BTC kill it off as we know it or will gold prevail? Have a good week! 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.
FX:XAUUSD
by Mayfair_Ventures
4
Bells are ringing for ETHEREUMIts'a very critical time for ETHEREUM. We are at the risky zone to invest. The neckline of head-shoulder formation, and also MA100 level worked as a support correctly. On the otherhand, it reached the lower band of Bollinger as you can see in the graph. Now it's time to decide next moves. There are 2 cases: ETH will rise up ~2800 level while BTC hanging around 34~40 ETH will fall down ~2000 level then try to reach ~2600 while BTC hanging around 34~40. If sharp fall down is seen in BTC, this cases will be ignored. Regards, all the best luck
by WineRed