ETHEREUM - Short Me One More TimeEthereum looks done here at the 0.786 fib retracement. Opening another short position.
Not advice.
Ethereum-bitcoin
$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!
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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.
#ETH CURRENT FORMATION#ETHEREUM COULD MAYBE BREAK THE CHANNEL DOWN TREND IF THE MARKET TURNS. TO SEE EXACTLY I HAVE MARKED THE BREAKOUT POINT. - AND MANY PEOPLE CAN TELL THAT WE ARE IN THE BEAR MARKET, I THINK IT`S A BIG CORRECTION THAT WE`VE BEEN SEEING FOR THE PAST TWO WEEKS.
"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.
ETHEREUM - Looking Very Weak HereEthereum looking weak here against Bitcoin. A strong sign the trend has changed.
ETH correction continueThe correction definately follow BTC down move and drop like a stone, same as all the Altcoin. Will see if the previous congested area as highlighted will be able to contain the freefall and start forming some base.
Trying to catch a bottom is like catching a falling knife, it is easier to get hurt than anything. Suggest to keep your prespective for long term and aim to buy some ETH at a discount when market is panic selling to force out all the leveraged traders entered into the crypto market since this bull run.
Will continue to wait and be patient for now until market settle down. Good luck trading!
Ethereum Rebound to 3700 in trend channel - See it!Dear traders,
A picture says more than a thousand words. You see here the hourly chart of Ethereum and we have just made a double bottom, reached the bottom of the trend channel and are heavily oversold. It's time for a short recovery in my opinion. Prices never go down in a straight line but they do go down in a saw tooth pattern.
Let me be clear, I am not bullish anymore for this moment on Ethereum but for the short term I see a possible rebound to around 3700 / 3800.
As a trader and investor, I believe more in the value of Bitcoin. Simply because the circulation is limited to maximum 21 million coins while with Etereum it is unlimited. Yes there can be mined coins as much as they want. One can just change the algorithm there. Not with Bitcoin because the maximum is already known. What they do is halving Bitcoin every 4 years. You can read about it on the internet. It means that the degree of difficulty is doubled. This means that mining can continue for a very long time with very powerful and expensive equipment that quickly becomes obsolete... That mining is necessary to validate the payment transactions on the blockchain.
Because it takes more power each time to mine, Bitcoin does need to get more expensive to get out of the cost as a miner. I know this because I was a miner myself but changed because trading is better and less risky.
If Bitcoin starts to rise faster than the ALTS we are also going to see a correction in those ALTS but that all remains to be seen. That is the Bitcoin dominance.
It is important to trade what you see and not what you think! Patterns change all the time and you need to adopt you to the new situation. You need to be able toswitch from long to short and vice versa without hesitation. This market is volatile and goes fast up/ down. Don't run behind prices because often you are too late. Better plan your trades at the lower boundery of trenchannels for longs and simular techniques. Than you can make better profits with less risk. Risk management is everything!
Traders, this is purely my personal idea about Ethereum /ETH and not an investment or trading advice! As a trader you should always do your own research and protect your capital with money management. The famous 1% rule or you risk to get to a zero account. With the 1% max loss per trade rule you can trade for a very long time. Do also not overtrade!
If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates.
Wish you all great and safe trading with lot of profits! Take care!
ETHEREUM ANALYSISEthereum is in corrective bearish wave
Price is based below key level at 3585.80
Below SMA 100
It's expected forming bearish Elliot wave 5 to target uptrendline near level 2912.25
Are We In a Bear Market? It Depends. War of the PoWsThread on the evolution of proof of work and why BTC is going to have some trouble keeping up.
twitter.com
ETHEREUM Has Topped! See You At $500!Highly probable Ethereum has topped. Looking for a collapse back to AT LEAST $500 region. See you there!
DANGER ZONE on BitcoinBitcoin is dropping from my last danger zone, now I am predicting a new one around 55k.
We can drop straight down from here but most likely we will have one last bounce higher to 55k before dropping.
Price target is 15-20k.
Short BTC. Haters Welcome.
Bitcoin Expected higher prices - check out why!Dear traders,
Here is a new update for Bitcoin on the 2 hour chart.
As you can see, my previous head shoulder formation came true exactly. Also the small head shoulder formation in the descending trend channel have been perfectly met (target1).
How is Bitcoin doing now and what can we expect.
Currently we are in the process of forming a mini inverted HS with the neckline of the turquoise H-S at 52627 as the target.
Important is to be constantly alert for the formation of a new structure, patterns, divergences etc.
So for the moment I am LONG on BTC until 52627.
The reasons for this position:
1 We see a positive divergence in the RSI (4 hours chart)
2. The falling trend channel has been broken.
3. The targets of the 2 previous HS formations have been met exactly.
A rebound to the previous important key level at 52627 is thus very possible.
Please note these are hypotheses, my personal view. Everyone has their own view on the charts and that is perfect. That's why there are bulls and bears. The balance in the market.
I don't see the price going higher than 55000 before we can expect another wave down.
Important: If the price of Bitcoin drops UNDER 46000 then the older lower target will come back into view! So keep that in mind!
A closing price of the day candle below 46000 is bearish and continuation of the downtrend!
A closing price above 55000 is a possible scenario towards the old all time high, a double top or higher targets after breakout above the All time high
Traders, this is my personal view on Bitcoin, No trading advice. Always do your own research before trading and at least use stops and money management to limit your risk.
If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates.
I wish you lots of profits and above all safe trading!
Internet Computer (ICP) Have we found a Bottom? Can We hold $237I know Internet Computer (ICP) caught many of us off guard before and after the Coinbase release. I woke up this morning and It's already a top 10 cryptocurrency. Classic signs of a pump and dump. It seems like we've may of found bottom at $237 which would put ICP as of right now at an all time low. May not be a bad time to accumulate at these prices.
Like everybody else I'm wondering if we still have more room to drop further down. I'm keeping a very close eye on Internet Computer we may have major upside back up to ICO release prices.
According to Coinbase in a nutshell: "The Internet Computer is the world’s first blockchain computer that scales smart contract computation and data at web speed." This is suppose to facilitate and support the DeFi movement. Keep a close eye on ICP.
WOW!!! INSANE GAINS wow , what a chart [ this is a similar chart to that of CARDANO [{ADA} ,which after breaking the resistance the result of Cardano price is in front or you.
TRON is very likely to do the same thing , it is struggling to break a 3 year resistance , and when it will flip that resistance into support we will see a huge parabolic runup,
if you are interested i did also a TRON vs USD analysis ,i pinned it bellow. .
