🔥 Ethereum's Big Short: Conquer The Next Bear MarketThis analysis is based on a massive rising wedge pattern that has been developing over 7 years at this point. It's a long-term trade, so we have to be patient.
The trade is simple; we're going to wait until the top of the next bull-market to enter a short on ETH. When this trade will activated remains to be seen. I'm waiting for ETH to touch the top resistance of the pattern.
Rising wedges are often bearish reversal patterns, so we can ride the wave from ~15k all the way to ~3k potentially. Exact numbers will be clear once we actually arrive there.
Assuming we're going to touch the top resistance, this trade can be double dipped:
- Buy and hold until the top resistance has been hit for 400%-500% gains.
- Short for another 60%-80% gain.
ETH-D
ETHERUEM → ETH is ready for an upwardhello everyone...
as you can see the coin hunted from both sides in this situation I am with the first hunted area so I am into the bullish trend for this coin.
on the other hand, the price touched the bottom line of the channel and is starting an upward movement from there and rejected the breaking idea.
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Sell ETHUSDT Bearish PennantThe ETH/USDT (Ethereum) pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant patten.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 3020 or lower if the price continues to decline.
Target Levels:
2764: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and projecting it downwards from the breakout point.
2692: This is a further extension of the downside target, based on roughly twice the height of the flagpole.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the pennant, ideally with some buffer around 3040. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
🔥 Bitcoin: Don't Miss This Massive Trade!In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends.
As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading closely around the trendline. This will activate the reversal trade.
In my eyes, it's possible that said reversal will be the start of a new bullish trend for BTC, which can potentially take us all the way to 100k.
Small risk, huge reward. What do you think?
ETHEREUM / ETHUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Ethereum Resilience Amidst Regulatory Probe & Market VolatilityAs Ethereum ( CRYPTOCAP:ETH ) attempts to stage a comeback following a recent downturn, the cryptocurrency market finds itself at a crossroads, influenced by a multitude of factors ranging from regulatory uncertainty to macroeconomic trends. The recent decision by the Federal Reserve not to tamper with interest rates provided a brief respite for CRYPTOCAP:ETH 's price, yet challenges persist as institutional whales seemingly dump their holdings and regulatory scrutiny intensifies.
Fed's Decision and Institutional Whales:
The Federal Reserve's announcement to maintain interest rates unchanged served as a temporary boon for Ethereum, allowing it to claw back some of its losses. However, the relief was short-lived as institutional whales appeared to capitalize on the opportunity to offload their CRYPTOCAP:ETH holdings, exacerbating the downward pressure on the cryptocurrency.
Regulatory Uncertainty and SEC Allegations:
Amidst the market turmoil, Ethereum ( CRYPTOCAP:ETH ) faces heightened regulatory scrutiny, with the Securities and Exchange Commission (SEC) at the forefront. Recent allegations by Patrick McHenry, Chair of the US House Financial Services Committee, accusing SEC Chair Gary Gensler of misleading Congress regarding Ethereum's classification, further add to the uncertainty surrounding the cryptocurrency.
The revelation of an executive order by the SEC to subpoena and investigate Ethereum-related activities underscores the regulatory challenges facing the cryptocurrency ecosystem. Gensler's evasive responses during congressional hearings have only fueled speculation, leaving investors grappling with the implications of potential regulatory action.
Market Dynamics and Investor Sentiment:
The interplay between market dynamics and investor sentiment further complicates Ethereum's outlook. The strengthening of the US Dollar, coupled with concerns over inflation, has led investors to reassess their cryptocurrency holdings, potentially diverting attention away from assets like Ethereum ( CRYPTOCAP:ETH ).
Despite the challenges, Ethereum's resilience shines through as it quickly recovers from recent losses. The cryptocurrency's ability to rebound within its key trading range signals underlying strength, attracting investors looking for entry points amidst market volatility.
Looking Ahead
As the regulatory landscape continues to evolve and market conditions remain fluid, Ethereum ( CRYPTOCAP:ETH ) faces a pivotal moment in its trajectory. The impending SEC decision on a spot Ethereum ETF and the unfolding Consensus lawsuit against the regulator will likely shape Ethereum's future trajectory.
📉🔍 ETH Trading Analysis 🔍📈Market Observation:
Yesterday's significant dip brought many altcoins, including ETH, into their support zones.
Trade Setup:
Entry: Long spot position between $2,850 - $3,050.
Take Profit: $3,400 - $3,700 or $4,100 - $4,350.
Stop Loss: Just below $2,800.
Risk Management:
Implement a stop loss just below $2,800 to mitigate potential losses.
📈💡 Trade Strategy Rationale:
Anticipate a bullish move in ETH from the support zone, targeting potential profit levels as indicated.
📊🔄 Stay updated on market conditions for trade adjustments! #ETHTrading #CryptoAnalysis 🌐🚀
Ethereum can correct to support level and then continue riseHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and declined to the mirror line, where it at once turned around and in a short time rose higher to the 3530 level with the seller zone, thereby breaking them. But soon, ETH declined lower this level this mirror line, breaking them again and fell a little lower, after which in a short time rose to 3270 points. Then price turned around and made a strong impulse down to the support level, which coincided with the buyer zone, thereby breaking the mirror line with the 3530 resistance level one more time. As well then, the price started to trades inside the range, where ETH rebounded from the support level and tried to rise, but at once made a correction. Then price in a short time rose to the top part of the range, after which rebounded down to the buyer zone, which recently turned around and started to rise. So, at the moment, I think Ethereum can make small correction to support the level and then continue to rise. For this case, I set my target at the 3200 level inside range. Please share this idea with your friends and click Boost 🚀
Floki Performed bullish symmetrical triangle in 1D
`To trade a bullish symmetrical triangle, observe a consolidation pattern formed by converging trendlines with higher lows and lower highs. Wait for a breakout above the upper trendline accompanied by increased volume, signaling potential upward momentum. Enter a long position after the breakout, aiming for a price target approximately equal to the height of the triangle pattern. Use stop-loss orders to manage risk in case of a false breakout.`
ETH - Massive Bullish Impulse Soon ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish, trading above the red trendline which is acting as a non-horizontal support.
Currently, ETH is in a correction phase trading within the falling orange channel.
Moreover, it is retesting a strong demand in green at $2900 - $3000.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower orange/red trendlines.
📚 As per my trading style:
As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#cryptomarket mid term weaknessTOTAL1 #cryptocurrencies total market cap chart. (Inc. #btc #bitcoin #eth #sol #bnb #xrp #doge and all #altcoins) Some dead cat bounces are necessary, but overall weakness is playing out with continuation. Former support zone is now turned into a strong resistance zone (Orange box).Declination will be sour.
Not financial advice.
Alikze »» ATOM | The trigger pullback is brokenIn the daily and weekly time, it went through a complex mixed cycle that grew up to the $45 range, after which a three-wave correction was supported until the bottom of the channel, after which it finally exited the medium-term ascending channel with an ascending wave X. . But currently, with the support in the blue box and with the failure of the dynamic trigger, this pullback will be the box, which will have the ability to break the supply area, and this growth can touch the specified areas. If the box loses its blue color, the movement scenario should be re-checked and updated.
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Ethereum's Bull FlagEthereum has recently formed a bull flag, indicating significant potential for upcoming market movements.
On Ethereum's upward trajectory, the first notable barrier is resistance A, and successfully overcoming it could pave the way to reaching the channel's ceiling.
If Ethereum can respond positively to these resistances, we can expect a substantial increase in prices.
🔥 Bitcoin Blood In The Streets: A Great Buy Opportunity?""The time to buy is when there's blood in the streets."
A quote that most traders are familiar with. It basically means to buy assets during periods of weakness.
Bitcoin is currently experiencing a very volatily bearish period.
With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term bullish trends, buying when the daily RSI hits oversold generally indicates a great time to buy.
Seeing that the overall trend has been bullish for almost 1.5 years, I wouldn't pass on a potential swing-trade. Chances are that this is the final dip before 100k.
Do I know for sure? No. However, it's a bet I'm willing to take.
My overall perception is that there's likely more selling ahead from this point, but we cannot ignore statistical data.
You buying the dip? Interested to hear your thoughts.