Ethbtclong
Eth time to shine!Hi fellows!
Straight to the first thing, I appreciate your likes, else why would I share?
IT'S The time to buy LTC with BTC
My first and immediate targets are:
TP1: 0.0352 BTC
TP2: 0.0403 BTC
TP3: 0.0524 BTC
TPx: 0.1087 BTC
Hope you all huge gains and don't over leverage, never ever, Good Luck!
ETHBTC - Looking to POP for a Major ETH RALLY If you remember what happened after BTC popped in December, ETH will follow anyway.
I do believe the next move will be ETH, as I believe there will be a bounce around this area.
Probably the last dip before it popped for a major rally! :)
YOU THINK WHAT YOU THINK! Just HODL!
Stay safe and peace out.
ETHBTC LONGEntry 0.035325
SL 0.034577
TP1 0.035587
TP2 0.035811
TP3 0.035998
TP4 0.036223
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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Ethereum CORRECTION Almost CompleteAfter breaking out of major descending wedge we've seen ETH going to 0.04624 vs BTC which triggered a small altseason.
I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance.
This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon.
I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility.
This means ETH could go from $3300 to $5300, depending on BTC levels.
Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'.
Not a trading advice.
ETHBTC More on the Inverted head and shouldersMy Exhortation
A few more people are talking publicly about this inverted head and shoulders, which is good. The fact that it hasn't taken over some of the crytpto-verse is a bit unusual considering how recognizable the formation is and how quick ideas can get around these days. Please, do you own analysis and if you agree or disagree post an idea to get the conversation going. I have seen a lot of ideas or youtubers mention specific parts of it but few are talking about this big picture. I have been going on about it privately since early December and publicly since the week of Christmas. Generate some ideas. This should go around like the BARR bottom on BTCUSD in April 2019 so we can all make some money (not financial advice)
Analysis
A new addition to my posts on the inverted head and shoulders is including the 50 and 200 week SMAs onto the chart by using the cm_ultimate to get it on the daily chart. Price action initially stalled and pulled back after coming out of the falling wedge like a beast on pre-workout. We have finally seen price action pop above and now the question is how far will it run before it needs a retest of the 200 week, or will it even need a retest of the 200 week?
Some basic analysis of the VPVR has a low volume node between 0.44 and a high volume node around 0.0500. This LVN is where I would expect a quick movement and consolidation would happen at the HVN. I would expect this to be a relatively quick consolidation compared to the longer consolidation I expect to happen at the green area at the next low volume node. The green area is where we can no longer count on the inverted head and shoulders for target setting with some leeway for under and over performance.
Below is a wider view and what happened the last time there was a similar situation on ETHBTC. This time the 50 and 200 period SMAs match the chart on the 3 day which gives us a good intra-week view. I also like what I see on the Average True Range confirming that a low is in.
Timing-wise I don't know how long the price action will consolidate on top of the 200 week and I don't know how long we will be at this high volume nodes. What I do suspect is we will have a golden cross on the weekly in less time than it took us to have the death cross and then the valley on the 50 week SMA. Maybe six months.
Conclusion
This is a major move. I mentioned the BARR post that took over the crypto-verse in April 2019. My first linked idea was a reminder I did when the crypto-vese moved on and people forgot about the long term moves and they were back to the 4 hour chart. This inverted head and shoulders make still take over six months to reach target and you can get blow out either way with poor risk management. I myself didn't make anywhere as near as enough money as I could because I closed my longs too soon and that was a major lesson for me to see the bigger picture as I trade and invest. Letting your winners run is a very hard lesson to learn. You can have whatever strategy you want but my bias is toward ETH and other premier alts over bitcoin until this formation plays itself out.
ETH Literally to the stars!Underlying bull trend on ETHBTC that I have just noticed
This will dominate as the bear trend has reversed (breakout from a falling wedge)
ETHUSD can be seen forming a flag (bullflag) from a curved flagpole or (scallop)
This is really bullish and I am heavily invested, imo you should hop on board aswell
Everyday DeFi Pulse is pushing new highs, showing the power of projects built on top of Ethereum
Some popular ones are Maker, AAVE, and UniSwap (gems can be found among the saturation)
This is my reasoning behind a massive move for Ethereum, it seems ETHUSD price isn't reflecting currently the bullishness of projects built on the platform
Hopefully this post allows some realization for whales
We have recently been exposed to a lot of buyers through WallStreetBets, I assume a lot of these new believers will join the cryptocurrency movement.
Generational wealth is in effect.
Some of my older work on ETH
Big things coming for ETH and Vitalik
$ETH will outgrow $BTC - $ETHBTCHere we have the $ETHBTC chart
Evident price has moved above the bottom range, and we have had a successful retest (red candle) - only the 2nd ever successful break
We have also had one successful bounce from the level
This means we should move upwards on this chart, especially if we can pass the 200MA and flip it to dynamic support
When this chart increases in value in means ETH is increasing in value against BTC, so if BTC stayed at 34K and this chart went to 0.07, ETH would be at 2.38K
Cmon the Ether...
Don't Miss The Opportunity This Time.ALT Season Comes After 4 Y.ETH BTC Is Created Very Good Bullish Momentum. Green Line Is The Possible Target For Eth Btc Pair. Price Broken The Previous Resistance & Trend Line. 50 Ma Showing Strong Bullish Momentum & We Have A Good Volume In Breakout. Market Maybe Make A Correction With A Wick In Weekly Chart. But Not Sure. Let's See Alt Season. Buy Alts In Every Correction.You Can Use Also 50 Moving Avarage For Entry With Good Bullish Candlestick. It's Defend On Time Frame.Try To Look For Thos Coin Which One Still Not Pumped Well or Just Started Pumping....