ETHBTC
Why will Ethereum drop toward 2500 levelLiquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair
structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!!
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Ethereum About to Make a MONSTER MOVE??Hey everybody,
Hope all is well.
Today I take a look at the ETH/BTC chart as there is something significant on it. Price has just reached a YEARLY FVG. Yes, you heard that right. For ICT traders, you know what i'm talking about. This is significant in that large moves can occur. So let's dive in as I do my analysis, clean and simple stuff.
Basically, ETH/USD may be a better choice than BTC/USD in terms of returns. As usual, do not over-leverage or get greedy. This is the yearly chart that I analyzed so patience is paramount.
- R2F
Bitcoin Dominance Surges:Is Now the Time to Buy or Sell ETH &BTCBitcoin dominance is an important chart indicator that reflects the flow of liquidity and market capitalization of bitcoin in comparison to the rest of the cryptocurrency market.
Bitcoin dominance historically moves in cycles, with the flow of risky cryptocurrencies(altcoins) to less risky ones such as Bitcoin. This provides a signal of when to buy or sell your Bitcoin and altcoins.
A lot of people have been speculating that it's altcoin season. However, I believe we need one more leg up in Bitcoin dominance as the ETH/BTC pair breaks down and liquidity flows from altcoins to Bitcoin.
Bitcoin dominance
ETH/BTC broke support
To sum up, I believe that we could see the price of Bitcoin rallying within the upper and lower bounds of the accumulation, while Ethereum and altcoins decline. This could lead to a significant rise in Bitcoin dominance before monetary policy comes into play for the next cycle of deciding which altcoin to buy. Expect volatility in the coming months as altcoins decline against Bitcoin.
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Ethereum's Drop: Is $2500 Still in Sight?I mentioned in the previous video that we might see a drop in the price of Ethereum as the ETH/BTC pair breaks lower due to liquidity being drawn to Bitcoin.
We have observed a relief rally towards the 20 EMA, following the breakdown of the ETH/BTC pair, while still respecting the 20 EMA.
Based on the previous cycle in 2019, we saw something similar as ETH/BTC broke down the support. ETH/USD retraced towards the 20EMA before dropping about 30%, so we could have something similar play out.
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AVAX Will MOON Like ETH MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
AVAX has had a very strong breakout , These breakouts can often continue longer than people think. AVAX is retesting the neckline here and should follow ETH into a bull market and parabolic move . It should continue to moon with some patience. This has very good market structure and good price action . These structures are how you can make good returns on investment / on your trade
Please watch the video for more information
BTC Market Update. Nothing too new.Im a bit more bearish than i was yesterday. Im not liking that. Still, I think its more important to just wait to the DXY opens on sunday to reassess the direction we may take.
While the open on last Sunday had much more potential to ruin stocks and BTC than this weeks would, it did cause a volatile drop.
ETHUSDT - No Entry? No Problem! WATCH THIS 📈Hi Traders, Investors and Speculators of the Chart📈📉
The RSI on Ethereum is pointing to severely overbought on the daily up until the 3D. This means that a breather / pullback can be expected soon. If you missed the rally on ETHUSDT, this may be your chance to get another entry. For the next part of the analysis, we take a look at an old-school trendline analysis - the bump and run method. If the price of ETH corrects, the bump, a possible entry could be at $1400 where the diagonal support zone is. From here, the run could go to $2000 in the short term.
HOWEVER< if the price cannot CLOSE above $1400 in the daily, and falls underneath, the bump and run method will not be considered.
Take a quick look at another great opportunity here, OCEANUSDT :👀
I suspect the markets will continue to see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
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Market Update 9/27/22 Structure FormingTIMESTAMPS:
________________________________________
Intro 0:00
APPL What I want to see 1:32
Going Over Price Movements 1:44
DXY & VIX 9:36
BTC 10:48
ETH/BTC 16:09
DOGE 17:08
XRP 17:32
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Same video structure as always. I go over what I want to see regarding APPL (the Market King outside indices 💪) and then I go more in-depth about what happened today and then go back over what I want to see again and then in to the usual, BTC, ETH/BTC, Doge, and XRP cryptos.
Average I want to see us start slightly above is 151.75. Starting slightly under looks worse, but I want to see the lower time frame structure collapse as well. IF you check the stream near 14:30 EST you will notice that they (bulls) do a good job of not allowing the price to start under the 30Min 375 hull, which would cause a drop to a weak range that would most likely fail.
From a week perspective, I still want the price to stay in this range. These last two weeks have just been a whole lot of over selling, followed by over buying. The Day time frame 375 Hull coming down on us is certainly concerning, as it will align with the 4HR 200 and 500 averages
and also where the fib level resides (155.50). While it creates a nice area to push through if we can get above it, an INSANE push can happen, but that is also because when things line up, it generally means its really bearish, and its not that people are buying it, but that its shorts getting wrecked and people covering their shorts, that pushes it up.
👁👃🏽👁 Cya tomorrow at 9:15 EST as usual.
Market Update 9/25/22 Why We Cant Have Nice ThingsTIMESTAMPS:
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BTC 0:00
Why the Macro Still looks Bad 7:02
ETH/BTC 8:33
DOGE 9:35
XRP 12:55
Closing Statements 19:45
________________________________________
I go over what I think pretty quickly and then go into the nuance of the movements and then a quick overview of ETH/BTC, Doge and XRP. I recommend watching at least the first 4-5 minutes of the video.
Summary: the Macro looks horrible and that hasn't changed. The price needs to reach around 22.4k within the next couple of days for me to even consider a change in mid-term trend. The fact that BTC mainly moves when the stock market is open hasn't changed either.
There are conflicting buy and sell signals on the short term now with converging sell signals on the 2 and 4hr timeframes.
Yesterday's day candle, to make things worse, hit the target we needed to hit on todays candle, 4 hours before it needed to be hit. Furthermore, were collapsing back down to hit the target we need to hit (today), with the downward trend from everything crated on todays day candle thus far.
I mention Doge XRP and ETH/BTC also, but not much has changed with those.
Check near the end of the video for XRP as it is the only one that may have a chance of doing anything. Though, depending on where the day timeframe candle ends for btc things could be bad in the short short term and indicate weakness coming into the stock market this Monday.
Now, I wait for things to happen, so none of this means much to me until we start these candles where I want to see them. I just like to put out my thoughts to better explain my thinking and show how this strategy can be used for the longer time frames and similarly for the shorter time frames.
Also BTC starting the week right under the Day hull and with a down trend on it, generally shows a big drop chance on the short to mid term.
I will be streaming the Week candle change, starting tonight at 19:30 EST (UTC-4). As I always do.
Market Update 9/24/22Short Video. Looking for BTC to end above ~18,819. More specifics are in the video.
Besides that I go over what happened on ETH/BTC, DOGE and XRP and what I am looking for in the coming days.
Take care. Let me know if there is an alt you want me to look at in the future and I can add that to my updates or make one about it.
Market Update 9/23/22 The Sound of Bulls?TIMESTAMPS:
________________________________________
What I want to see in APPL: 0:00
How that may translate to the SPY,DJI,NDQ 4:46
VIX 5:40
APPL Possible Concerns/Targets 6:16
BTC/USD 8:36
ETH/BTC 10:00
DOGE/BTC 11:00
XRP/USD and XRP/BTC 15:05
Closing Statements 19:37
________________________________________
I go over what I want to see in the first 3-5 minutes and then I go over some crypto pairs that look like they have big potential moves (more so continuations) coming up. Those are ETH/BTC, DOGE/BTC and XRP/BTC.
We started the day bearish like I expected and ended in the range I expected. Though the in-between was certainly not what I expected. I was somewhat surprised we didn't break to 146.60, but I thought that even if we did early in the day, that it had a high chance to return to the area APPL ended at. Otherwise we start next week over sold and had a strong reason to move back up to test. Which didn't seem like a great idea for longer term bears.
I am still looking forwards to whether we start above or under the Week 500 hull
for APPL as a general idea of whether we return or fall off the cliff, but the sentiment going into this weekend feels bullish. We will see if BTC can end slightly above the Day 500 hull (18945) as it usually does indicating an attempt to move back up and breathing room for alts.
BRIEFING Week #33 : ETH/BTC ratio at important level !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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ETHUSDT - Learn to Trade a W-Bottom 📉Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick candlestick analysis on Ethereum and the W Bottom pattern that formed. We also take a brief look at the moving averages. In this 5min video, we discuss when to take an entry if you spot a W Bottom pattern. This will be relevant across all charts, so make sure you get this one !
Since you're here, check out my idea on Bitcoin :
Also, if you're new in this space and want to learn a bit more about DeFi, this one is for you :
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Did Ethereum Just Confirm - BOTTOM's IN?Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
W-Bottom patterns and double bottoms on a Candlestick Analysis is what we look for towards the end of a bearish cycle. Here, in ETHUSDT, we can clearly spot both. Is this the sign of a healthy reversal and the next bullish cycle? There is ONE RULE that still needs to be fulfilled in order for this pattern to be true - watch to find out what we still need to see on ETHUSD chart.
If you're interested in the altcoin MATICUSDT , this 4min video is for you:
Here's another altcoin with massive upside potential:
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ETHUSDT - DUMP before the PUMP 📉📈Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick look at potential short term price action for Ethereum / ETHUSDT . There could be a chance for a quick swing trade here.
In this video, I briefly discuss the technique I use to get to the short term price target - the 20d Moving Average. This technique involves using Bollinger Bands with Fibonacci Retracement lines and multiple indicator Phoenix Ascending which contains the LSMA, RSI and EMA.
This video is my short term prediction for ETHUSD. However, from a macro perspective, I believe that we are currently in the market cycle of accumulation. This is according to the Wyckoff Method market phases. The four phases of the market cycle are accumulation, markup, distribution, and markdown. During the accumulation phase, a new cycle begins that generates a trading range. This often creates a strong resistance zone / failure point / spring . This is the precursor to another bull cycle, but it can last an extended period of time. The final moments of this phase will attract algorithm trading driven stop hunting , often observed near downtrend lows, where price drops just underneath key support and then triggers a sell-off. This is followed by a recovery wave that lifts the price back above support.
Incase you missed it - What Is Stop Hunt ?
Stop hunting is a strategy that attempts to force traders out of their positions by driving the price of an asset to a level where many people have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and this is often very obvious during the accumulation phase of the Wyckoff Method. This implies that there may be volatility during this phase as the price constantly rises and falls. If we take all of the above into consideration, Ethereum can still drop and increase (within a range) multiple times until a clear bottom is established and the next markup phase / bull cycle starts. This makes for a great time to accumulate, and even do a few swing trades with relatively low risk.
Also check out this related idea on Cardano / ADAUSDT :
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BTC, ETH, CEL, DOGE, SOL, ICP I want to see BTC Start the new week candle slightly above or around $22,300.
What I am looking for going into this Sunday's candle for BTC and what I want to see in these other coins for places to enter. I also looked at some other things regarding these coins. Probably not that useful for the things that have already happen for people that do not use my indicators to trade, but as always to those that do it is pretty straight forward and simple.
Weekly Levels - February 13, 2022 (Crypto, Stocks, Commodities)Yet another interesting week is past of a very volatile time of the year. There are still lots of opportunities out there in these markets if you know where to find key Support and Resistance levels each week to find trading opportunities between them! In this video we look at the price action on Bitcoin BITFINEX:BTCUSD , Ethereum BITFINEX:ETHUSD , Bitcoin Market Dominance CRYPTOCAP:BTC.D , Bitcoin cross pairs with Ethereum BITFINEX:ETHBTCLONGS and Solano FTX:SOLBTC . We look at the stock market as a whole to see where I think the upcoming week is headed using the S&P 500 CME_MINI:ES1! , Nasdaq CME_MINI:NQ1! futures and the VIX TVC:VIX Volatility Index. Finally we look at Gold COMEX:GC1! and Oil NYMEX:CL1! the latter of which was a very good trade from Tuesday this week.