ETH-BTC
ETHBTC About to bottom and Ethereum to outperform?We haven't looked into the ETHBTC pair in a while but there is no better time than now, in the build up of what the market calls an 'alt season'. As you see the pair hit its 1D MA50 (blue trend-line) this week after a strong rebound on the RSI from below the 30.00 oversold barrier. Last time that happened was on June 13 2022.
The Fibonacci levels help at identifying key Support and Resistance levels within this two year horizon very effectively. The question is, do we have one last Lower Low on the 1D RSI trend-line before ETH starts outperforming BTC again?
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🔥 Become A Better Trader By Using The ETH/BTC ChartBitcoin and Ethereum are respectively the largest and second largest crypto by market cap. Officially, ETH can be seen as an altcoin, which has historically behaved differently from Bitcoin.
A rise in the ETH/BTC chart generally means that altcoins (=everything which is not BTC) is outperforming Bitcoin on average. The inverse is also true.
However, when we apply the RSI to the ETH/BTC chart we can generally pinpoint the moment of a 'change in market sentiment'. In other words, the market will become volatile after the ETH/BTC chart has become oversold or overbought.
During the bear market, an overbought ETH/BTC has nearly always been the signal for a coming dump. During the bull market, an oversold ETH/BTC has nearly always signaled an upcoming bullish move (scroll left on the chart).
As seen on the chart above, ETH/BTC was severely oversold two weeks ago. With nearly all on-chain metrics saying that the bottom is in, this oversold reading might signal that we're going to see a move up in the near future.
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XRP/USDT Bullish Mode Activated ?XRP/USDT Technical Analysis: Potential Retracement Offers Buying Opportunity for Long-Term Growth
In the last few days, XRP has seen a 10% decrease in price from the previous update. We hope you have safely booked your profits. However, we expect to see further retracement in the near future, offering an ideal opportunity for buying in at a lower price point.
Our analysis suggests that the best entry point would be around $0.45-$0.40, as it has previously bounced off the 0.618 Fib level. We believe that XRP is likely to reach new all-time highs in the next bull market, making it a favorable long-term investment.
It's worth noting that even though we predict a target of $5 during the next bull run, we don't suggest waiting until then to sell. Instead, it's prudent to hold a small position until $5 and book profits at each target point, which are expected to be $0.57, $0.87, $1.41, and $1.95.
It is essential to remember that this is not financial advice, and we urge investors to conduct their own research before investing in any coins. However, our technical analysis suggests that XRP presents a compelling investment opportunity, with a potential for long-term growth.
Overall, we recommend that investors learn and earn from this opportunity, as XRP has a lot of potential in the future.
MATIC decided to stay above Mema21 after 7 monthsClearly the MATIC has done the first leg run to prove that the downside is limited to 0.7 for now
The price has come out of monthly ema21 after a good sideways zone for about 7 months
The best buying would be now around 1 as the risk is atleast defined and clearly know the downside
History doesn’t repeat, but it does often rhyme!So far I’d say we’re leaning more towards repeating. Coming into the local resistance around the same time as the Shanghai upgrade. Will that be the catalyst to slow this rally down? Sending ETH back down to confirm the June 2022 lows as support, and play out exactly like the bear market of 2019? If so, it will be about the same time from the local top to the next Bitcoin halving 11 to 12months. Shockingly similar if you ask me and makes total sense. Perfect price action. To accumulate into the always bullish for all of crypto, the BTC halving. Good luck everyone and be careful!
ETHBTC plan for AltcoinsSquiggles on ETHBTC chart for accumulating strong altcoins with longterm hold in mind.
ETH Weekly Chart Still Got Me Bearish AFETH weekly price chart still looks very bearish and the VRVP support doesn't really build out until sub $500.
I still believe that this bear market is not yet over, and there is much more potential pain to come to the cryptoverse.
Would love to be wrong, but the TA ain't lookin' great and there is still a regulation shit storm brewing on the horizon (albeit, the fundamentals are quite strong).
Definitely going to place some layer-in buy orders sub $1,000 down to $500
🔥 Bitcoin Broke Out Of The Megaphone Pattern!Over the last couple of days I've seen several analyses on BTC and the fact that it was trading in a megaphone pattern. Many called for BTC to fall back to $20,000, but that was never really an option. With the classic banking system under stress, it has fundamentally never been a better time to own Bitcoin and have complete ownership of your funds.
With BTC breaking out of the megaphone pattern, we will likely see more bullish price action in the near future. Keep in mind that the $29,000 - $30,000 area is a massive area of resistance, since it's the bottom of the summer 2021 lows. Furthermore, BTC is severely overbought since it gained +45% in like 10 days.
Personally, I'm expecting something closer the analysis below.
Ichimoku Analysis for TOTAL3still needs a kumo crossover for my bags to fill. Till then only $BTC, $ETH & those tokens with bullish kumo crossover for me to play with.
Sandbox Looks Promising for breakout Seems Like Sand will Continue Its bullish Moves
Forming Bullish Flag In H8 Timeframe Incase Of Breakout Expecting Another 45 to 50% bullish Move
TOTAL Crypto Market Cap 1Hr - Update TOTAL Crypto Market Cap 1Hr looks to be puttin in a Head and Shoulders pattern...
Its holding on support (red line VPVR) for now.. Need a move to the upside and a break above green line and hold to invalidate... But
we do have alot of uncertainty in the markets due to failing banks and now Credit Suisse having issues...
Keep an eye on this to guage the crypto market.
Good Luck Out There!
Crab Harmonic on ETHWA Crab Harmonic pattern has been recognized on the ETHW 30m chart. We can long the price currently to the -OB level highlighted in the top part of the chart. Profits should be taken once price reaches that level and look for a ChoCH to short.
#ETHBTC - 10% Gain Likely, 25% Possible!With a strong ascending trend line on the underside, and Buy signal from Crypto Tipster v2 and only a few real areas of resistance above, we can see a small Bullish move on #ETH / #BTC very soon.
We should see a good 10% rise to the next level of resistance, and if we can push through this level then 25% wouldn't be too hard to achieve either!
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What Do You Think?
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Crypto Tipster v2
theCrypster
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ETH and BTC Corrections May be Over...or very close to itJust an update. I have been charting ETH more as the count is more clean and appears to be more leading. I have this now where this impulse move was over several days ago and we are in the midst of a potential MTF(2/4HR) Wave 3 to the downside. Be careful out there.
For what it is worth, there is potential that this could be the beginning of an ABC correction of a Wave 1 for both which would be bullish in the long term. Will only know as we approach those levels.
ETHBTC 1D Descending Triangle Until Feb '23ETHBTC appears to be caught in a mid-term descending triangle for the next couple of months. There'll be plenty of movements in and around this area, but we'd expect a net total of about -5% over the course of the next 2 months.
Crypto Tipster v2 is currently showing a Sell signal although the market has been a tad choppy recently, and with a potential squeeze on the cards you'd need to keep your eyes on this one.
HEX in a Wyckoff type of accumulation (daily), phase AHEX could be in a Wyckoff type of accumulation. If so ,price action is after the selling climax (which was in June) ,and now we are at the end of phase A (we should see a marginally lower low very soon) sub 0.02c!!!
Phase B will be the longest phase (3 months or more) . It will be a more bullish phase ,where price will consolidate near resistance (0.04c-0.07c) giving "investors" hopium that the bottom is in
Phase C will be a short and sharp decline ,the ultimate capitulation . This happens usually at a black swan event or whales simply testing liquidity, dumping price and rebuying NEAR ultimate support. Sometimes price does lower lows or marginally higher lows on the grand scheme. ( +/- 0.02c )
This could play out probably Q1 next year
Phase D will be a sharp BUY . Will play out in Q1 or Q2 next year. At this point nobody will care cuz everybody will be REKT
Price could reach new yearly highs ,first 0.114 then the good ol` 0.168 cent area .
Conclusion :selling now is quite stupid (exept if u are still up 10-100x) hex could be a good buying oportunity UNDER 0.02 ....
I`m buying at 0,019 cents ....from this point a 5x should be easy in this shitcoin .
LONG
Optimism perhaps the most significant innovation of 2022? PT2Continuation of previous idea posted Jun 8, 2022
Fundamentals:
+ OP/ Optimism native token
+ By far the most significant innovation of 2022
+ 2nd largest ETH L2
+ Decentralized Airdrop
Opinion:
Optimism has an incredible future. The technology is safe and sound. One of the fastest L2's. Key partners, cross interoperability. However, given the current macro and it reaching all targets from my previous Idea, I feel like the trend is exhausted. It is highly likely we will see significant downside from here, but we should not exclude the possibility of a spike above current levels.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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#ETHBTC - A Small Short Trade Here, But What's Next?After some mega trades throughout 2022 with #ETH #BTC we've been a little quiet recently ranging within a smaller channel with trades showing small profits and/or small losses.
We've got a chance now of another small profit from a Short trade but the real question is what's going to happen next? When a breakout of this ranging market happens (which it will!), the direction #ETHEREUM heads is up for debate!
What do you guys think?
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Crypto Tipster v2 by theCrypster
Bitcoin updateHello everyone
I have updated BTC and some alts. I really dont like repeating myself and i am still short. I got 2x times stopped within a week. Made some small profits on friday and added again shorts. Assuming that i am wrong on the idea, my risk is clearly defined and i am in no stress. I am mostly flat this month on Crypto but made insane gains on fx so no stress. All we need is patience. These are my thoughts on BTC. I really don't see it push through 25k without catalyst but never say never. That being said i wish you a good week ahead of you and stay safe.
Cheers
Bitcoin: Short-term Outlook Chart is pretty self explanatory, but as you can see, price broke above the downward trends resistance (red line), before reversing and using it as support. This is one of many signs of a reversal. We are currently testing new resistance (blue line), but given the momentum and breaking the downward terns, we should have enough buying to break above the current level being tested.
$BTC - back under 20k?w1 and w5 are very similar in size
w3 is the longest/most impulsive.
w4 is twice as long as w2
higher high price while RSI diverges
buyers weaker at these levels
