Ethereum-bitcoin
Bear Case Confirmed: Ethereum/Bitcoin SpreadAs I warned yesterday, the intraday Ethereum/Bitcoin spread is an important risk on / risk off barometer to watch for the crypto market and it failed to hold a critical level. We are saturday morning and we have just seen a huge volume spike with a drop, making this a 5 waves down from May 26th top. It's possible the spread deteriorate along with a second crash on the way. This is a long week end and it's easier to manipulate this market while alot of people are celebrating memorial day. I placed a support where I think we are headed in the short-term. Let's see how it plays out.
Ethereum SlumpsEthereum has fallen back to $2400. This was our lower estimate from the last report. If we don't see support here, we will break down to $2232, then $2143. If we see some momentum come through after that, we will need to break $2651, then $2965, which has provided extreme resistance to ETH lately. After that, we have a vacuum zone to the $3K's, so it should be smooth sailing, but this will take some serious momentum. The Kovach OBV is completely flat, suggesting that we are not seeing anywhere near the momentum we need just yet.
ETH Reverse Head and Shoulders-- LONGUsually I don't make short term price predictions but I am fairly confident in this one. ETH has just about completed a reverse head and shoulders using 15 minute candles. We bounced strongly off the 0.618 fib line and it looks like we at least want to push to the previous high. If we can break the previous high, we have daylight
Wait for a clean break of the neckline to enter your position and watch closely if we test the previous high of 2765. Higher conviction if we get big volume on a breakout from the neckline
Good luck out there
- Sultan of Chart
The intraday spread of ETH/BTC is worrisomeThe first thing I wanted to take a look at when I paid my PRO+ subscription was the intraday spread between Ethereum and Bitcoin. It can be seen as a risk on / risk off crypto indicator. The count from the top seems clear to me: 5 waves down followed by 3 waves up. The resistance at 0.0735 is extremely important. During the bull market, it served as a support several times and during the downtrend it acted as a resistance twice. If we really have 5 waves down, it could be possible that the 3 waves up counter rally we have seen from May 23rd to May 26th is over. I know it may sound crazy but that could be it if we are in a bear market... Maybe there's no more juice and this was just a huge dead cat bounce.
$ETH Update, Bounce off 61% Retracement Level As my last Ethereum post discussed being a buyer around the $2000 level, the crypto has bounced off of its $2000 price point, or 61% retracement level from its ATH. A "close" above the $2500 level would indicate a reversal in my opinion, as the crypto finds support within its Fibonacci channel within the $2000 - $2500 range. Still trading above its 200DMA, but dip buyers are relentless which means a bullish reversal due to demand is likely.
Link below was the forecast made last week.
Ethereum Finds Support!!Ethereum found support in the upper $1000 handle after dipping as low as $1750. The Kovach OBV seems to have picked up suggesting there is nice momentum to this buy back. We have peaked above the $2232 level and the next target and potential area of resistance is $2400. We still have a long way to go before reaching former highs, but there are several levels above separated by vacuum zones that we are likely to cross as we get more momentum coming through. If not, there are clusters of levels to provide support in the low $1000 handle. In particular, $1700 seems to be a lower bound for now.
Ethereum ETH Short only under Supportline - Rising wedge brokenHello dear traders, here is a new update for Ethereum,
This is the 30 minute chart and you see that we have fallen out of a rising wedge.
The target points to a re-test of the previous bottom but as we have seen before the market is massively manipulated and that does not make it any easier.
On a breakout downwards trough the support of 2550, Ethereum is likely going to fall further and or re-test the last bottom.
The 42500 level in Bitcoin is extemely important. Waiting for this level to be cleared is a good thing and an extra level of safety. When ETH breaks to the upside and also with good volume, the down scenario in ALTS is not valid anymore for the very short term in my opinion. The mid to longer term perspective is not looking healthy is the least we can say!
So in short, if we don't breakdown the 2500 then it is also possible that ETH will go sideways in a tradingrange between 2500 and 3000 USD.
This is what I see in the chart of Ethereum, it is a possible scenario but always remember to also look at Bitcoin for the main direction and also to do your own analysis!
----->> Traders please follow me for updates and if you give me support with a like👍 then that will motivates me a lot to continue💚 - Thanks guy's! <<---
Safe and happy trading!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
ETHBTC a new bitcoin dip is readyMy Marketmiracle advisor generated an input signal on ETHBTC yesterday
I have been monitoring the graph of BTCUSD and ETHBTC for hours and it seems that a new jump in the void of the BTC is ready, and obviously as a result of this Ethereum will open up to him
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
DAILY ANALYSIS OF ETH/BTC. LEVELS TO WATCH AND CURRENT BIAS ++++Price has topped out in overbought territory, above the upper band of the
Pitchfork. It is now seeking support by the median line/Yearly R3/Monthly R2
and the Kijun Sen (White equilibrium line).
Chances are we will see a bounce from here if price closes above the
Kijun Sen (0,064422). If a close below this level and a close below
previous lows at 0,0609, chances are good for a drop further towards
the 1st quartile and the Monthly R2 at 0,05573 following the momentum
and the bearish MACD cross.
Bulls would like a close above the Tenkan Sen (red line) and the 3 quartile
or at least above the Kijun Sen.
"Crypto follows his routine" Ben MillerBitcoin in general follows his routine and the whole crypto eco system
Like you see, we have made a nice support on the 200 Moving Average with eth/btc correlation, which would consider go back around 3700 dollar per Ether(under pic) and going dominate BTC in the long term.
What suprised me is that Bitcoin always follow his routine and never follows people their opinion or FUD like they're saying every year" Bitcoin will be banned in China". China pays US newspaper to scare people so after they can buy more in the dip and let people dive in(more liquidation) . Those misinformations are just here to stay to scare you out. Even when people fomo'ing, Bitcoin will always follow his traditional routine.
Like, share and follow.
ETH ConsolidatesEthereum has caught support from lower levels and looks to be setting up a nice base. We did see resistance from $2980, so it is not quite ready for the $3K handle yet. We are seeing support from below from $2659, a technical and Fibonacci level. There is a vacuum zone above to $3500, which is also a psychological level. The Kovach OBV has picked up, so hopefully this means ETH is gearing up steam for a breakout attempt. We should see support at $2131 if things go south.
ETH to $3,600 by JuneAs long as the Dark Green support is maintained, we are back into an upwards channel.
The lime green is just a gamble, but either way if we break through the red line it is a straight shot to $3,600.
I am watching closely. A fall under the dark green line is an instant sell for me! - But I have faith :)
Eth Bull Run Resumes: Read Body [NEW ATH Coming]Now that every single person who had a leveraged position was liquidated, the people manipulating the market are dumping money back in.
We have finally formed an upwards channel and will possible break out of the resistance over the next few weeks.
I am looking towards late June / early July for new all time highs!
Buy in now or forever miss out.