ETH USD Idean a strategic move that has already yielded over 500% returns, our pitchfork range has proven to be remarkably effective. Recently, we shared our algorithmically-driven channel for Ethereum, a cryptocurrency that, when moving sideways, showcases an impressive accumulation of orders and unwavering respect for algorithmic levels. Currently positioned at the 50% level with a flip in volume, we've identified another entry point with minimal drawdown.
For our followers, it's important to note that we're taking a 10% gain now at the first take profit level to secure profits and allowing the remaining position to soar higher. As the holiday season approaches, we wish you lucrative trading opportunities and encourage you to navigate the markets wisely for your benefit. Happy trading, and may the markets work in your favor!
ETH-USD
Too good to be true. ETHUSDT/ETHUSDT.Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Too good to be true
Work plan.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive
ETH USD IdeaGood morning, fellow Crypto Weekend Warriors! As we review last week's technical analysis, it's clear that we've witnessed a successful range breakout and a backtest of the range high. The beauty of Crypto Weekend's 4-hour structure is that it consistently delivers results. Since our last update, we've achieved an impressive 19% return on our investment, and we're now compounding our trades following a successful backtest of the range, adding even more profits to our portfolio. We're looking ahead to the upcoming week, anticipating a potential run through liquidity.
In our strategy, we always book partial profits along the way, and last night was no exception. With a 2% Profit already hit, our position is now break-even, ensuring that our risk is effectively minimized. For those of you considering similar trades, we highly recommend waiting for 1-hour fractal bullbacks before entering the market. Remember, not everything goes according to plan in the crypto world, so we prioritize our safety through sharp risk management. And let's not forget our cardinal rule: patience is our number one indicator. In a market as dynamic as this, it's essential to let the trades come to us, not the other way around. Happy trading, and may the crypto winds be ever in your favor!
Green Light for Ethereum 2.0: The Sustainable Future of Crypto**Ethereum 2.0: A Bullish Beacon**
Ethereum's future shines brightly as Ethereum 2.0's implementation gains momentum. This upgrade promises scalability and energy efficiency, aligning with the global shift towards eco-friendly blockchain solutions. Rising adoption in DeFi, NFTs, and institutional interest further fuels Ethereum's bullish sentiment. Technical indicators, including a robust Relative Strength Index (RSI) and positive Moving Averages, affirm the optimism. Ethereum's role in blockchain innovation and its commitment to sustainability make it a prime candidate for continued growth, setting a bullish tone for investors eyeing the cryptocurrency market.
BTC ANALYSIS 21/7/23BYBIT:BTCUSDT.P
Hey guys just a quick update on BTC... it's boring yes. that's why I'm staying patient and just risking 1% here and there so not trading much at all at the moment. So obviously you can see we are hanging at a bearish type of order block and the chart overall does look quite bearish for the time being or 'in consolidation' or as I like to call it, the patience zone! this is a time for your best performance with being patient. Instead of a technical analysis update today I just want to make this about what you could be doing instead of sitting there starring at the charts all day and all night.
- Make this time a perfect opportunity to study your craft.
- Practice things like meditation
- Fitness is key, switch your mindset and focus on what you are eating and take control of a physical goal.
Just these simple things will harden your armor, use time wisely.
Thanks guys.
🔥 Bitcoin Short-Term Channel Break Out: Patience!BTC has been trading slighly bearish every since we made a new 2023 high a few days ago. Some consolidation was to be expected after the huge pump that we got earlier.
I'm anticipating a bullish break out of the channel. To confirm the break out, I'd advise to wait patiently for the candle to close above the resistance.
Stop at 30.500, target at 32.000, more defensive traders might want to take some profits around 31.400
BTC = GOLD/DXYHi,
DXY (Dollar Strength Index) / GOLD compares USD's performance against the number 1 most correlated asset with BTC --> Gold . DXY is negatively correlated with BTC . The idea is when DXY/GOLD is bullish - USD rises , GOLD falls or both ; which is bearish for BTC . When DXY/GOLD is bearish - USD falls , GOLD rises , or both ; which is bullish for BTC . This theory is in line with both assets' historic correlation with Bitcoin .
Since DXY/GOLD's bearish breakout attempt out of the yellow support line on the 1st of April , BTC had a strong bullish sentiment . Nevertheless, since May 16th DXY/GOLD failed to retest to the downside and has returned above the yellow support. Moreover, it rapidly spiked up to its crucial downward-sloping yellow resistance line, as BTC dropped in line with the theory.
My personal outlook in the short term is bullish for the spread graph and therefore bearish for BTC .
3 main reasons why:
Before full FOREX stability, I expect major economies to be politically focused on their currency strengthening , one side prioritizing de-dollarisation and the other re-dollarisation .
Inflationary demand shock is unlikely to hit the safe heaven markets (particularly gold ) any harder than it already did.
Historically years/months which are close to the start of heavy recessions have often been bullish , making recent equity and crypto gains hopeless .
Both graphs zoomed out:
BTC up close:
Thank you for your time. Please do share your opinion, I would love to improve this theory further.
BTC Will Most Likely Touch 32.5k SoonBased on M W D timeframes, everything seems quite bullish at the moment. The daily has recently broke structure to the upside. With that being said, price should continue the weekly impulse the the upside this month.
USD seems very weak after the feds announced possibly its last rate hike. We should see risk on market conditions in the upcoming months in my opinion. I believe the market is pricing that in at the moment.
Good luck traders!
🔥 ACH Update: New Trend Started!ACH has recently seen very decent price action, where it gained even when BTC was showing weakness.
If you followed my previous ACH analysis you've already made some decent profits, congratulations.
In this analysis I want to add another target to the previous one, since bullish price action seems to stick.
I'm looking at $0.045 in the short-term (previous 2nd target) and $0.051 in the longer-term. If BTC stays neutrally bullish, I think we can expect another leg up after $0.051, potentially targeting $0.06
short with a buy stopi expect this movement to be a slowly decreasing line, down to around $1400
a sharp spike up to make it a healthy market.
then followed by a strong bear market.
We might receive a nice $30-$60 increase from this area but further downside is expected if we ever want to hit that new All Time High.
ETHUSD Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a possible shift to bearish market structure. Looking for a sell entry at 1658.36 where the 50% Fibonacci line and overlap resistance is. Stop loss will be at 1742.50, where the recent high is. Take profit will be at 1525.12 where overlap support and 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Rise to 50% Fibonacci line Looking at the H4 chart, my overall bias for ETHUSD is bullish, as there is a strong ascending trend line. The price may retest at the trend line before it goes up. Looking for a pullback but entry at 1493.22 where the 23.6% Fibonacci line is, take profit at 2209.8 where the 50% Fibonacci line is, and the stop loss is at 1076.30 which is the overlap swing low.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
ETHUSD Potential for Bullish Rise to Overlap ResistanceLooking at the H4 chart, my overall bias for BTCUSD is bullish. As there is an ascending trend line, expect the price may head back to retest the 1st support that intersects with the ascending trend line, before it goes up. Looking at a pullback buy entry at 1607.28 which is the overlap support, take profit at 1784.65 which is the overlap resistance, and stop loss at 1523.98 where the 38.2% Fibonacci Line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Futures (ETHUSD0 ), H4 Potential for Bullish ContinuationTitle: ETHUSD Futures (ETHUSD0 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2009.00
Pivot: 1743.56
Support: 1665.76
Preferred case: Looking at the H4 chart, my overall bias for ETHUSD0 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 1743.56 where the recent high is and continue heading towards the resistance at 2009.00, where the previous swing high is.
Alternative scenario: Price may head below the support at 1665.76, where the overlap support is and potentially go lower.
Fundamentals: There are no major news.
ETHUSD Potential For Bullish Rise | 22nd February 2023Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 1742.50, where the recent high is to ride the bullish momentum. Stop loss will be at 1658.36, where the overlap support and 23.6% Fibonacci line is. Take profit will be at 28686.37 where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Rise to Previous Swing high Looking at the H4 chart, my overall bias for ETHUSD is bullish, as there is a solid ascending trend line. The price may go up to the previous swing high. Looking for a pullback entry at 1630.89, stop loss at 1471.15 which is the recent swing low, and take profit at 2020.41 which is the previous swing high.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential For Bullish Rise to previous swing high Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1607.03, where the overlap support and 23.6% Fibonacci line are. Stop loss will be at 1523.09, where the recent low and 38.2% Fibonacci line is. Take profit will be at 1793.02 where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD potential for Bearish Drop to intermediate support Looking at the H4 chart, my overall bias for ETHUSD is slightly bearish, the strong ascending trend line has been broken. Expecting the price to go down. Looking for sell pullback entry at 1556.7, take profit at 1365.55, stop loss at 1683.66.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.