Ethereum-bitcoin
OXT looks juicy In this kind of setup the pumpamentals are high enough
Rsi is on oversold levels
Pattern making a bull Flag
Needs a breakout
Tried breaking 2 times but retraced
Fundamentally
one of the least market cap on Coinbase
The Recent events pushing for Internet privacy could be a +ve sign for OXT
their vitrual confrence priv8 on march 6 also could be a big blow
Signal
Laddering buys around 0.35-0.36
S/L at 0.28
Tps at 0.42 0.48 0.51 0.77
0.48 to 0.51 i am expecting atleast
will be taking a position of $2000 here and HODL for sometime
Polkadot is Worth Taking a PositionPolkadot has proven itself as a serious contender crypto, moving up to just behind Ethereum to be the 3rd largest crypto (ignoring Tether and Ripple which IMO aren't real cryptos). It's had two huge moves up since December and is now in a sideways flat top consolidation. There's a good chance for a flat top breakout and another move up soon. Even though it's now the 3rd largest crypto it's still quite small at $15B market cap compared to Ethereum at $156B and Bitcoin at $636B. There's a lot of upside potential. It's certainly worth me putting a small position into the crypto to see where it goes.
I bought Polkadot on Kraken which is an exchange that provides staking*. So while I'm waiting for the breakout, I simply selected my position to be "staked" and immediately I'm getting a 12% annual return (paid out in Polkadot twice a week). Try to find that sort of return at your bank or broker. Ethereum can also be staked but it's a functionality in development and has some restrictions. If you were unaware of staking, you should look beyond Bitcoin into some of the newer things happening in crypto today.
I'm not an investment advisor and this is not investment advice. It's just a description of what I'm doing and my thoughts.
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*Staking is using your crypto to help secure the Polkadot blockchain and validate transactions on the network. In return you get paid in Polkadot. It is related to bitcoin mining on bitcoin, but rather than requiring a lot of specialized mining computers and expertise, anyone can participate.
What will ETHEREUM do NEXT?!I got stopped out of my last trade as mentioned in my latest video coming out today. We appear now to be in an ascending channel and MANY retail investors have jumped in but like I said this could easily crash and take out retail trader stop losses below those latest swing lows. I am not buying here, I am waiting lower for a longer term positional buy because also I still believe we will drop from these resistance areas over the next couple of weeks. For now I prefer to stay out :)
ETH and BTC as a twin asset: Metcalfe's LawAs a network, Metcalfe's law is one way to value $ETH and BTC reasonably well.
Normalizing the price to a zero and 100 percent level is a powerful way to estimate the next price movement.
I put 0 at the lowest and 100 at 2017-2018 all-time high level and extend the Fibonacci lines.
The estimation is ETH at $4200 in the next 4-5 weeks following what bitcoin did.
CountOnCrypto - Ethereum Forecast - 01/02/2021COINBASE:ETHUSD has been performing well in the past week, it has seen a lot of battles due to the extreme volatility of COINBASE:BTCUSD .
As shown on the xRSI_KDJ_SMA indicator, Ethereum appears to be bottoming out, I believe this is a good opportunity to long a retest of the upper resistance.
I will be taking profits between now and the upper resistance line adjacent to the .786 Fibonacci retracement level.
If you trade this please use risk management, I always manage risk with a stop loss or low margin, study the market before you enter any trades or risk your money. I never claim to be 100% accurate, the market can often change direction unexpectedly! My trading strategy accounts for unforeseen circumstances due to my experience and knowledge.
ETHEREUM - Detailed Road Map!Ethereum is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines. WHAT NEXT?
SHORT-TERM Road Map:
ETH is now trading above our orange trendlines and below the ATH.
1- First, as mentioned, we will be looking for short-term buy setups around the lower orange trendlines.
2- Then, as ETH approaches our upper blue zone (ATH) we will be looking for short-term sell setups on lower timeframes.
LONG-TERM Road Map:
We have two possible scenarios here.
1- Full Reversal, and yes it is possible since ETH is sitting around its ATH, however, for the reveal to be confirmed, ETH has to break not only the lower orange trendlines downward but also the last swing low as shown in gray area. (projection in red)
2- Trend-Continuation, which we are all waiting for, for the bulls to take full control again, ETH has to break aggressively above the blue zone (ATH), in this case, we will be looking for trend-following buy setups on its retest, around the upper orange circle (purple projection)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Deconstructing Charts: BITCOIN and ETHEREUM, Ying Yang!!!Hello Trading View Community,
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Ethereum: Time Is Running OutIt's make or break on Ethereum. The structure created was an ascending triangle, butting up against all time high resistance. It certainly is not a value area to be buying.
Ethereum is running out of room, and currently dropping below the ascending triangle demand line, although minor. A trader may play the measured move up or down. Probably the best play is to be long volatility. Most likely, Bitcoin will be the judge and jury of ETH's move.
Speaking of BTC, things don't look good for a trade. The Elon Musk tweet was not enough to sustain prices for a confirmed breakout, which is worrying. I would not be surprised if BTC broke below 30k in time.
If the SPX keeps selling off on Monday, the party could be over and the cash grab beginning with the strange market we currently find ourselves in.
Ethereum Breakout Imminent!!!Ethereum is back at highs, exactly as we anticipated in the last report. We told you that it was likely to form a consolidation pattern before another breakout. Sure enough, it appears to be forming a bull wedge. ETH is due for a breakout imminently. All the signs are there. We have consolidation at highs, and the Kovach OBV is quite bullish, suggesting momentum is bottling up. We may have one more retracement before the big breakout but it is doubtful. When we breakout, 1548 will be the next target.
💡Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0411). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin ETHBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.04320
TP2= @ 0.04500
TP3= @ 0.04750
TP4= @ 0.04970
TP5= @ 0.05150
SL= Break below S2
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💡Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0411). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin ETHBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.04320
TP2= @ 0.04500
TP3= @ 0.04750
TP4= @ 0.04970
TP5= @ 0.05150
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
ETHEREUM - CRASH IMMINENT? | BEARISH ASCENDING WEDGE + TARGETS
Bitcoin alt coin decoupling may be happening however market direction is still preserved with the magnitude differing
Hence, since bitcoin is bearish (see idea linked below) and the ethereum chart itself is bearish, it is looking like a crash is imminent
Given the ascending wedge, a breakout out of this formation will trigger the collapse and begin the journey down towards the price targets
We have a minor 61.8% fibonacci swell as a major 61.8 fibonacci
The major fibonacci zone forms confluence with the healthy median trend line dating all the way back to the lows of 2020 and has been tested multiple times
Therefore the first fibonacci target will be a short term target with an expected overall target as the second fibonacci with the trend line at approx. $700
Price may wick or settle even lower at the major volume support zone at $600 but a wick is more likely due to high demand rejecting consolidation here
ETHBTC Time for Ethereum to cool off?The greater pattern of ETHBTC has been a Triangle since mid 2017. Yesterday the pair made contract with the pattern's Lower Highs trend-line for the first time since February 03, 2018! Also the 1D RSI is entering its 4 year Resistance Zone. Every time ETHBTC hit those levels, it pulled back to at least the 1D MA50 (blue trend-line).
Is it time? What do you think?
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