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Ethereum-bitcoin

BTC & ETH still showing bullish signs, Learning the BARR Bottom The BARR Bottom is one of the most reliable Chart Patterns out there and signifies a fast moving reversal after a strong sell off. The price has a small lead in phase referred to as the "bump" then a strong sell off, which leads into a almost hook shaped or J shaped reversal upwards, the price should create a downwards sloping angle of 30-50 degrees, this pattern usually precedes fast moving bullish trends, and the mirror of the pattern the Bump & Run Top (BARR TOP) usually precedes fast moving bear trends. The appearance of this pattern gives us a sign that there is strong buying momentum • The “bump” (first phase) is usually rounded or choppy in appearance • Look for extreme downwards movement followed by sharp retrace (”run”) • Usually at a steep angle with huge volume • Almost exact in appearance of the image provided Until we get a confirmed close underneath the support below, it is probable that Bitcoin & Ethereum both push towards the top of the Structure for a potential breakout. More Examples are linked below and here: If you enjoy the content, you can support us by liking and commenting with your thoughts, thank you traders!
Long
by Worth_The_Ri5k
5
Putting the crypto rally & pullback into contextWatching a pullback in crypto, as a technical trader, I find #Ethereum to #Bitcoin ratio descriptive of the general move in this space. (Is it fair to say that like with #silver to #gold ratio this could signal risk on / risk off sentiment in this space that helps understand the direction of the next move?) Anyway, important levels I watch: Fibonacci 1.618 extension and VWAPs from late December. 0.3090 resistance must be cleared to make me more aggressive. 0.289 must hold before I start getting concerned. What levels / patterns / indicators are you watching?
by gkretinin
Best Ethereum Trading IdeasEthereum has met its relative high, and is finding resistance there. This looks like an extended fifth wave in the 5-3 Elliott Wave. Watch for it to retrace a bit then break out further. The target is still $1261, a Fibonacci Extension. We are currently just shy of that at $1163, which has proven to be another technical level. The Kovach OBV is strong but has leveled off a bit. The momentum in general is still very strong here so any dip can be considered a buying opportunity.
BITSTAMP:ETHUSDLong
by quantguy
1
Ethereum Has Completed the Measured MoveFrom the breakout point at about $620, where ETH started goin really vertical, it has now completed a measured move, if we assume the entire section underneath that was an accumulation zone. It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March. Likely retracement targets are around $750 - 800, and best case scenario the breakout point at $620. Not likely, but it might be wise to leave some cash around in case it gets that low. Have fun!
Short
by dontdaytrade
💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast: While the price is above the support 0.02275, resumption of uptrend is expected. We make sure when the resistance at 0.02965 breaks. If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI bounced from the uptrend #1 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. . Beginning of entry zone (0.0245) . Ending of entry zone (0.02275) Trade Setup: We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03. Midterm forecast: While the price is above the support 0.02275, resumption of uptrend is expected. We make sure when the resistance at 0.02965 breaks. If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI bounced from the uptrend #1 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. . Beginning of entry zone (0.0245) . Ending of entry zone (0.02275) Trade Setup: We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03. Take Profits: TP1= @0.02635 TP2= @0.02745 TP3= @0.02965 TP4= @0.03185 TP5= @0.0333 TP6= @0.04045 TP7= @0.04850 TP8= @0.05695 TP9= @0.06955 TP10= @0.08550 TP11= Free ❤️ 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! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
20
💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast: While the price is above the support 0.02275, resumption of uptrend is expected. We make sure when the resistance at 0.02965 breaks. If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI bounced from the uptrend #1 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. . Beginning of entry zone (0.0245) . Ending of entry zone (0.02275) Trade Setup: We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03. Take Profits: TP1= @0.02635 TP2= @0.02745 TP3= @0.02965 TP4= @0.03185 TP5= @0.0333 TP6= @0.04045 TP7= @0.04850 TP8= @0.05695 TP9= @0.06955 TP10= @0.08550 TP11= Free ❤️ 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! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
17
$ETH Ethereum short-term bullish scenario ( @ethereum )Hello there ladies and gentlemen, BulloTaurus here with an important update for today . I have been watching Ethereum bouncing in the bullish paralel channel you can see on the chart above. Finally BINANCE:ETHUSDT broke through it and is moving to new heights. Another reason why i think we might see a bigger explosive movement is MACD. MACD fractal you can see (highlighted zones) look very similar to 2017 movement. I have highlighted important resistance lines with pink color based on Fibonacci Retracement levels that can act as targets. Risk: 6 Reward: 8 Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
BITFINEX:ETHUSDLong
by BulloTaurus
2
ETHEREUM BULLISH! BREAKOUT over 800??Hey there, Thanks for liking the post and following me on TV! Comment below! We got a nice ascending triangle on Ethereum USD. The measured move target is alining aproximately with the prior swing high on big timeframes. Seems like there is heavy resistance at ~830 USD. At around 760 USD we have the 50% retracement of the fibonacci, yet I think that will be crushed easily, let's see! Since Bitcoin will struggle to hold above 30k, I think we won't see higher prices than 35k. Most likely ETH will retrace at a similiar time. Bigger timeframes is largely extended and screams for a correction. Therefore this is only a quick swing trade over a few days, maybe a week! Cheers, Konrad
COINBASE:ETHUSDLong
by EnlightenedTrading