Ethereum-bitcoin
BTC ROI since ATH - Forbidden chartsIt's no fun to take note of the momentum and direction of price movement since the previous ATH. Down. It's the only way if not up. Unfortunately.
If it holds, we have a long bear market ahead yet still. Let's hope my previous predictions hold true. Long. We're gonna have a great 2022. Just can't get liquidated. :)
I set buy-limits, moving into more cash in periods of frenzy. Looking to sell when the market moves to higher volumes for liquidity.
Eth drop to 3230The break down from a 6 month channel is very likely to play some more downside for ethereum.
there is confluence with the volume profile point of control at 3236, 200 daily MA and measured move from a bear flag.
if that support fails, then 2800 will be the next major level of support.
Either levels are candidates for points of reversal to the upside.
Ethereum at its last supportLike I've been warning for weeks in a row, is now unfolding. Bitcoin and Ethereum are dropping hard and both are at their last local support. We are 2 days away from the options expiration on dec 31st and market makers are preparing for it. Ethereum is especially in danger as its max pain price is at 3200. Luckily bouncing back from 2500 where it was last week. We have a small expiration tomorrow with max pain at 3800, could they take to 3200 on dec 31st? Well, why not?
And even then, we still have a technical target at the 2800 zone where a lot of liquidity is waiting. We will have to see how the first 2 quarters of 2022 will play out because we are nowhere near a long term bottom on both Bitcoin or alts. Take off the green glasses backed by your inflation story. Market makers made tons of money in the last years, last thing they need to worry about is inflation. Supply is dry on exchanges and inflows are increasing especially on the CME, where big sell offs are currently unfolding on both ETH and BTC. Institutions dont have a moonboy mentality and taking massive risks, especially with a green stock market on the other side to their disposal.
Trade wisely and manage your risks - you're too late to go short and too early to go long - where are right in the middle of a chop zone - don't get caught out.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BITCOIN CASH LONGS 💰💰💰Expect bullish price action on this coin as price is rejecting with a huge bullish momentum from 400$, we have a lot of liquidity that has been taken out on ,,support area,, where a lot of margin stops where sitting in my opinion.
We are going for the BUY SIDE LIQUIDITY above 600$
What do you think ? Comment below..
ETHEREUM (Daily) : Bull or Bear ? $ETHThe price is in a significant support range, which is currently trading in the $ 3800 range. If this important support is lost, the price target will be in the range of $ 3100 to $ 3300, and if this support is not lost, the next important targets will be $ 4700.
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👤 Arman Shaban : @ArmanShabanTrading
📅 20.DEC.2021
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ETH/BTC need some support I guessThere is a trendline support which has no guarantee by looking at the amount of time it has tried to break. There there is a 50% weekly fib retracement which is probably acting like a resistance, there there was a run from 78.6% fib level to 50%, what a run which needs to calm down a bit. So where is the confluence??? at around .072 there is support/resistance/fib levels/this/that and so many things. Just meet me at .075 first and I will take a look and catch it at .072. if not it's a nice setup to sell more at monthly 38.2% monthly fib. This is my opinion. IT'S OK TO BE WRONG, We are all learning together in tradingview. Good luck.
Can Ethereum Regain Highs??Ethereum made a run for higher levels, after crossing the vacuum zone to $4258, and punching through the cluster of levels above. The rally seemed to lack characteristic aspects of proper crypto pumps like large green candles on the 30 min chart and a large bull run in the Kovach OBV. Furthermore, we are seeing some red triangles on the KRI starting to form suggesting that we are beginning to encounter resistance. If so, we could easily break down through those cluster of levels at $4351 and $4258, and cross through the vacuum zone to support at $4020. Otherwise, $4670 is the next target.
Ethereum 8K or 2K First?Hello all!
Ethereum has been outperforming Bitcoin during this bull cycle. Ethereum is still holding the triangle support, 200ma (daily), and the trend curve from Sep. 2020. A break out from this resistance can push Ethereum into a complete parabola following the curve.
However, always keep in mind the market is still mainly decided by Bitcoin. If Ethereum broke all of these support levels expect a violent fall to our key support levels and expect bounce as those key levels.
Relative strength of Ethereum over BitcoinIt might be a stretch to do technical analysis on a ratio of two individual cryptos, but I have been interested in the ratio of ETH/BTC from a fundamental perspective with the premise that $ETH is more functional going forward. There has been an odd behavior that I don't understand with a character of quick increases followed by 1-2 month linear decays. This character might be resolving soon as $ETH reaches a higher relative strength of coming out of this last correction.
A look at the weekly also points to higher relative strength of $ETH returning.
Etherume and Bitcoin .As you know, one of the signs of starting an Altcoin party is checking the Atrium vs. Bitcoin chart.
We have some interesting points in the weekly time frame:
- We have a long-term uptrend line of 1729 days
- The long-term downtrend line of 1400 days is broken
- In the MacD indicator, the downtrend is over and the first green candle appears and the MacD line and the signal intersect
- CCI indicator has gone above +100
- The RSI indicator has not yet entered the saturation zone
- The trading volume in the Valium indicator has been better than in the last 7 weeks
- In the last 245 days, the flag pattern has been formed and the targets will have 24%, 48% and 80% potential profit.
- In the last 1281 days, we are also witnessing the formation of a cup pattern! According to this model, the potential for growth and profit of 71% is not far from the mind
- The Ichimoku indicator is also in a good uptrend
Good luck and profitable