WYCKOFF ACCUMILATION BITCOINPast bull runs have always started with a wyckoff.
And why wont it happen again?
there is not reason for it not too.
3 scenarios can play out, depends how hungry the whales are.
STAY PUT AND WATCH THIS.
Ethereum-bitcoin
LUNA/USDT 1H FUTURES 06.05.22Hello everyone, if you like the idea, do not forget to support with a like and follow.
Luna/Usdt
long 17x short 17x 😉
Entry Price : 80
Short :
T1 : 71.50 %180
Long :
T1 : 88 %170
📅 06.05.22
📌
ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC
There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC.
ETHBTC Technical Analysis
As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range.
What to Expect from ETHBTC?
ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC.
Resistance level to watch out for: 0.076 BTC
Support level to watch out for: 0.072 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH Help US find support!!ETH USD
Like the US 500, like the BITCOIN and like many other BIGs on the market, it is located in Zona Media Movile 100 (Yellow line).
The second Crypto by market cap also has support in the oblique trend line where we will probably meet liquidity in this area.
The Support is in the approximate price in the white circle and sees in the area.
1) SUPPORT $ 2'350
However, if it were to go down even more we would find a SUPPORT between 2) $ 1,500 and $ 2,000 we will find other interesting points of entry or accumulation.
The resistances are many
R1) $ 3400 and $ 4200 (a fairly high price range)
and obviously the all-time high
R2) near 5k.
What do you think, when will ETH and the whole market start again?
In what medium?
Will we break the resistances back towards 10k?
Leave a comment and your opinion.
Grow with us
LPI.sa
ETHUSD LongQuick pop back up to the golden pocket.
Good news from the Nasdaq in regards to earnings, we could see a small recovery across the entire tech sector going into the end of the week, this would bleed into crypto.
#Bitcoin Maintain Lead over ETH, Critical Support at 0.072 BTCPast Performance of ETHBTC
ETHBTC remains within a sideways movement following a bear breakout formation on April 18. Technically, BTC bulls have the upper, a development that may spark more capital inflow, especially in a dicey crypto market. With ETHBTC boxed below0.075 BTC and ranging below the middle BB, the path of least resistance could be southwards in the medium term.
ETHBTC Technical Analysis
#BTC buyers have the lead at spot rates. Despite #ETH retaining the edge from a top-down analysis, the bear breakout formation of April 18 and the inability of ETH bulls to drive prices above 0.075 BTC even after the bull bar of April 22 skewed price action for BTC. Therefore, considering the formation in the daily chart, traders may wait until there is a conclusive, high volume breakout above 0.075 BTC and, on a conservative end, 0.076 BTC, before loading the dip. Meanwhile, BTC could take charge and shape the immediate term trajectory if there is a close below 0.072 BTC. In that latter's case, ETHBTC may drop to 0.070 BTC in a retracement from April 2022 peaks.
What to Expect from ETHBTC?
In a risk-on crypto market state, BTC may benefit as a safe haven. Therefore, in light of this fact, ETHBTC has critical support at 0.072 BTC. A close above the middle BB could be the launching pad for more ETH gains in the medium to long term.
Resistance level to watch out for: 0.075 BTC
Support level to watch out for: 0.072 BTC
[ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH/BTC : PRICE READY TO GROW AFTER REBOUND | LONG SETUP Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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ETHBTCI think it's complete 5 waves and it will have correction to complete wave B of D, so after that it will grows to up.
$ETHBTC 4HR Descending Triangle*see $ETHBTC 1D Breaking Point*
$ETHBTC looks to be in accumulation zone that is getting weaker by the day. Bick wicks on both the buy and seel side tells me indecisiveness, but the LHs and the LLs tell me bears are winning.
RSI trending under the 14MA, bit more bearish than bull there.
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
Take profit signal on ETHBTCA take profit signal has opened up on ETHBTC. If you had entered the position on the previous buy signal then here is a good place to take a percentage of that position into profit. How much depends on your personal risk profile. It is worth noting that BTC is also on a sell signal against USD so moving straight to USD might a strategy worth thinking about.
Ethereum - Next Price Target? Bear Flag Breakdown Begins!Hello Traders...
Here is my analysis for Ethereum.
First off just to update everyone, I am currently not in any trades. I am wary of market conditions and am waiting for BTC to show definitive directional bias.
Now onto ETH.
- ETH was recently trading in a Bear Flag formation. The formation was broken a few days ago, however price was still above the local support from the daily wick.
- Now that price has broken past local support, ETH is looking very Bearish.
But where will ETH possibly bounce?
- The next support level for ETH is at $2,750.
- Just below is major ascending trend line support at $2,695.
- Also the technical target from the Bear flag is almost exactly at the first support level. Isn't it amazing how that worked out!?
What do these 2 support lines so close together mean?
- The fact they are so close together means that there is a high probability of a bounce in that area.
- Think of support levels like a wall that you are trying to breakthrough with a sledgehammer. Now put 2 walls together, imagine how much harder it would be to breakthrough 2 walls vs one. It's the same thing for price trying to break through 2 support levels vs one.
- Also It's possible ETH could hit the first level, then wick down to the second level before getting a bounce.
- Either way we know that there is strong support in this area and the probability of a bounce is high.
When to enter a position?
***As you know nearly all cryptos follow BTC. This analysis could be negated if BTC has an erratic move. But as it stands this is how I would trade ETH.
- I would like to see ETH hit the level relatively quick, not a small move then consolidation, then another small move then consolidation.
- The quicker price drops, the bigger the bounce.
- So I'll watch for price to hit this level in the following days, more than likely I will enter a position at the first support level then add even more at the second level if it hits.
****I will post an ETH update in a couple days with take profit and stop loss.
Happy Trading *Patience is Key*
Possible Wyckoff Distribution for ETHBTCETHBTC may be forming a Wyckoff Distribution top here, on the back of renewed merge narrative that led retail to buy into the 3500 local top, followed by a return to dominance of macro bearishness and risk-off market outlook.
$ETHBTC 1D Breaking Point$ETHBTC got the nice breaking mid-March and has lost volume and momentum in "Upril".
Crucial point here with price at the .073 support and RSI at a trendline and midline level.
LONG ETHEREUM ✅✅✅Here I expect bullish price action as we have SMS+BOS+RTO Pattern, the price failed to break the last bottom, made a BOS (break of structure) and returned to orderblock.
ETH interesting patternKeep seeing sideways movement with a mini breakout followed by an actual breakout in the same direction. Im really hoping that ETH goes up, so hopefully this doesnt play out lol
BNB Trading Setup Road to 1000$ ?? Recently CZ tweeted about burning BNB and so it has shortened the BNB supply which will evenly increase the demand. Right now most of the crypto projects are based on BNB , so it is much likely expected the price to increase.
By the end if the market remains bullish then it can easily reach 1000$ mark.
Please Like, Share and Comment.
Lower third impulse wave, move up 4230On 4H TF
Seem the fourth wave hasn't done. It's been happening wave B before come to the fifth wave.
Besides, BINANCE:ETHUSDT has the invalidation level at 2500. Caution it!!!
Right now, ETH's still in ascending parallel channel to move up.
Wait and see
Entered Long ETHBTCEntered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:
The best course of The Major Player Behavior. ETH example Part 1I want to continue to share with you my knowledge of the behavior of the major players and who they are.😁
In the last example about Bitcoin, we considered a similar situation, now I would like to demonstrate this on another coin so that you also learn to identify such moments and fix them.
Right now, on the example of Ethereum, we see approximately the same moment, a small candle fixed exactly in the stops zone of a major players.
Thus, we can assume that in about 83% of cases the price will go up, since, as we mentioned in the previous tutorials, the stops of a large player in this case are equal to large buys on the exchange.
Best wishes
ETH Bullish ChannelWe see a Bullish channel here.
ETH can go up to touch the roof of channel again...
My next crypto trade (most likely)I keep my eye on the Ethereum / Bitcoin cross pair. There have been some interesting developments recently in the price action of Ethereum such as respecting Retracements exactly. The Ethereum market cap percentage is beginning to rise as Bitcoin is beginning to fall. It could be that Ethereum's price action will dominate the price action of the cryptocurrency market as a whole and unseat Bitcoin as the dominant driver. The most likely next trade will be a breakout from this tight range on the BITFINEX:ETHBTC cross pair. The trend on this symbol and subsequent trade opportunity will represent this shift in dominance.
