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Ethereum-bitcoin

ETH - Daily ChartEthereum still has good buy volumes. Although it's fighting resistance right now, it won't drop that much. I think it will either push up resistance or consolidates there for a few hours. There are two main support areas in case of a collapse, which can keep the price up. and also watch out for this resistance, for opening long positions wait for a 4H candle above that area. Use this char as your trade setup. I'll keep this updated. Current Market Price: $2606 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
2
Time to Convert BITCOIN to ETHEREUM?! ALTSEASON Starting?!Is now the right to rime convert Bitcoin to Ethereum to increase your Bitcoin stack? One of the best risk reward trades in cryptocurrency is knowing when to convert between Bitcoin and Ethereum. You can easily multiply your Bitcoin stack while taking on relatively small risk as Ethereum is the most stable of the altcoins. So the question before us is "Is now the right time to convert some Bitcoin into Ethereum?" so that as ETHBTC rises, we will be able to increase our Bitcoin holdings. On the bullish side, we do have a double bottom breakout which has been confirmed by the break of the neckline, indicating that the ETHBTC pair is likely to head higher. Moreover, ETHUSDT has had a huge double bottom breakout as well on the daily timeframe that has a technical target of $3000+ (though we would've liked to see more volume on the breakout). On the bearish side, ETHBTC is running into trendline resistance (this is the trendline from a descending triangle), so the pair might get a rejection here. That said, if we are able to break out of the triangle and close above this trendline resistance, then we would have a double bottom breakout combined with a trendline/triangle breakout, which would be super bullish. Let me know in the comments below of if you playing it safe and waiting for a daily close above the trendline or if you are being aggressive and converting Bitcoin into Ethereum Now.
Long
by cryptotraderog
2
Macro analysis of the Crypto market in relation to equities/DXYIn order to go long: I want to see COINBASE:BTCUSD push through the .5 fib convincingly as well as test that incoming pitchfork after yesterday's doji candle. You can see that I have overlayed BTC shorts on the same chart. They were inching up earlier, but have resumed the floor it's been testing. The AMEX:SPY seems confused going into the weekend (won't let me tag ES). Holding 4093 which was a major support this week, along with 4085, even though the waters were tested this AM in the futures market. The Overnight Reverse Repurchase Agreements on the bottom show that the Treasury is not done and supporting this market heavily still. If equities can hold off from dumping, we may see the Crypto Total Market Cap test it's Spring highs this upcoming Winter. Right now that CRYPTOCAP:TOTAL is meeting resistance around 1.5T. The DXY has rallied slightly off COMC news on Wednesday that inflation is still transitory, despite missing projections. If we can see the dollar lose some strength here we would see the S&P rally like we saw from Nov-Feb as well as in April, which would be fantastic. We can see the BTC.D is rising and it is yet to be seen if BTC.D will bounce off of 50%. If BTC.D can rage along with the Total Crypto Market Cap, I expect alts to be okay and BTC fomo to take place. Idiots that are holding too many alts and bought all the alt dips after purchasing the top will probably get burnt and I wouldn't be surprised to see something similar to what we saw around Thanksgiving 2020 when the Crypto market sold off prior to it's massive growth in late 2020 into early 2021. Lastly, pending the EIP1559 upgrade on Aug 4th, I projected a price of 2500 a week or so ago on COINBASE:ETHUSD (not on here, but I don't really give a damn - that's still my target). I expect volatility that day and for many traders to take this upgrade as a "sell the news" opportunity. However, if BTC breaks through the pitchfork as I alluded to in the first sentence, this 2500 target may be smashed through and CRYPTOCAP:ETH.D might give BTC.D a run for it's money if the news really picks up on it. I would love to see 1559 force ETH to challenge previous ATHs, but we will have to wait on the market to open Sunday, in addition to what Crypto has in store for us over the weekend. For awhile, the only thing certain was a crypto sell-off during the weekend, but last week the market really recovered into what we have at the moment.
COINBASE:ETHUSD
by Abstractions
Ethereum Consolidating!! Breakout??Ethereum is drifting in the vacuum zone between $2232 and $2400, forming a bull consolidation pattern. The Kovach OBV is flat, but if Bitcoin breaks out, momentum will surely carry through to Ethereum. We still must break $2400 to be solidly considered bullish and the next major level is around $2.5K. if we can break through to the upper $2.5K handle then we will be solidly bullish, but this is the make-or-break for Ethereum, and the crypto market. We will see if the bull run has returned or if we will dump back to lower support levels in the lower $2K handle perhaps today, but surely this week.
BITSTAMP:ETHUSDLong
by quantguy
1
New Trend Signal For Ethereum - Time to Jump in LONG ! COINBASE:ETHUSD This Trend Indicator system does not look complicated but it is one of the great systems used by one of the original billionaire trend traders from Richard Dennise Turtles. It works great on Crypto. I picked this up in 2012 when I worked on Wall St. It is not the Channel system some have seen but a lesser known system. Anyway the important thing is we have a start of a new trend it is official - get in now buy Ethereum !
BITSTAMP:ETHUSDLong
by sky777666
Bull Consolidation Pattern for ETH!!Ethereum caught momentum off the pivot level of $2143, and smashed through the next level at $2232, though unlike Bitcoin, it did not have enough steam to recover highs at $2400. It does seem to be forming a bull consolidation pattern and if the renewed exuberance in the crypto market can sustain, it may breakout to test $2400 again. After that, there is a vacuum zone to $2556. If this fails, then we will see support at $2143, and $2087. The Kovach OBV is flat for now, so it could go either way.
BITSTAMP:ETHUSDLong
by quantguy
1
ETC- Ethereum Classic Possible increase to 60 usd + 30% + inc..Hello trading friends, ETC shows a possible day trend breakout for the coming time - if this target plays out we could see a 30% increase trend on ETC. With the trend, it can still break down - but the whale interest on the level increase is still possible, as this coin can get a choice out since whales have some effects to choose a coin. ETC is not only interesting.. but it have also the TA to increase. Targets TP 1 56 usd + TP 2 60 USD + this could be a 30% + increase As always manage your risk always, and don't enter any coin with no SL. Have a great time. we will follow coming time this coin and update the targets as we do always. Follow like for more. thank you
KRAKEN:ETCUSDLong
by watchtrend
2
ETH Breaks $2400!! Finds Support from BelowEthereum showed very strong momentum and was able to peak above a significant level before retracing. Indeed $2400 seems to be a significant barrier for ETH but it is a good sign for bulls that it was able to break this level even just for a brief moment. A red triangle on the KRI confirmed the resistance. After this, ETH retreated back to comfort and support at $2143. The Kovach OBV is still strong but does appear to be rounding off. This suggests that current levels should at least hold for now, though if another selling wave comes through, we will have support in the lower $2K's. Watch for ETH to establish value in this price neighborhood.
BITSTAMP:ETHUSDLong
by quantguy
Not out of the woods, yetso i see a lot of people have done a complete 180 in their attitude toward the market in the last 48 or so hours, since we've had this rapid and substantial upwards price action these last two days. while i am about as bullish as it gets when it comes to Ethereum and Bitcoin (and many altcoins), I think it is still very wise to approach the next few weeks with an extreme abundance of caution. Don't think for one second that the Musk/Wood/Dorsey meeting was not timed very thoughtfully. I personally don't think we are going to enter a PROLONGED bear market, but we HAVE to be open to the possibility that this thing could still see some very nasty drops before we get back on the inevitable track to new all time highs. The run the last two days has halted exactly at this fib level that i actually posted in an obscure idea about a week ago, stating that it is a very crucial level for ethereum (its actually titled "crucial level" lol) The charts are still very very clearly bearish at the current moment, and we didnt actually break any significant levels that should suggest a market reversal to the upside. In fact, we are still forming a textbook descending triangle after a massive drop of 50+%, and you can clearly see the significance of this blue fib circle level. Capturing support on this level is the first step on the road to ATH's, and then we still need to invalidate this descending triangle. I know btc broke down from its own descending triangle and managed to find its way back inside, and i know quite a lot of people are calling this pattern for ETH a falling wedge, but guys. This thing is textbook. Im not saying anyone should buy, or sell anything, just that we need to be very diligent here these next few weeks especially with trading. And be cognizant of the fact that we could very well see some very nasty numbers coming up here soon. Until we invalidate this triangle and break the previous high of $2400usd, we should all be very cautious when approaching the market. You can clearly see the daily RSI forming higher highs while the price action is forming lower lows creating a hidden bearish divergence. We should all remember what it is we are trading in this space: human emotion. The only thing that changes faster than the price of eth or btc IS human emotion, and we have seen just how much of an effect it can have on price action. Just as quickly, though, that emotion can swing the other way and it could get ugly. The charts, however, are completely objective and quantitative, and right now, they are still very bearish on all time frames, even the weekly now. We are forming a bullish pinbar in the current weekly candle, which can be a good sign, however, last weeks candle closed the lowest it has since March for Eth, and December for BTC. Not saying that we cant still go up from here, this is crypto. We should just all proceed with caution here as the best accumulation opportunities may still be ahead of us, and its best to have at least some dry powder ready to capitalize. I dont mean to sound overly bearish, we have just seen these exact types of times before and they have both not ended well, and they have gone against all TA and shot straight up as well. I just dont think its the time to go "all in", if you will. we should at least let this triangle manifest itself before going to any extremes. Im saying this because im seeing people all over the internet talking about things like selling their car, selling this selling that to go all in on crypto right now because of two days of rapid price increase. Especially with the Eth upgrades coming very very soon, we should expect to see at least some kind of rather large pull back before the hype run. Again, I dont mean to sound overly bearish, we all just should be a little careful as to not be caught off guard. Didnt mean to ramble this bad, wow lol. Thank you all for coming to my Ted Talk i guess :p godspeed everyone
by g0nzo
5
ETH - Daily ChartI'm sure most of you guys have heard the recent news and might think that it can pump the prices. Well it can! But I'm not sure when... it takes a little time before this news pumps. Right now the market looks healthy and we've already taken profits on today's long positions. I'll keep this chart updated. But for now, use this as a trade setup for your long positions. Since there are pump news around the market, we can't really be sure about the short positions. Be careful. Current Market Price: $1984 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
13
Ethereum Potential Double Top, BEWARE if price break this level!Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market
Short
by cryptotraderog
11