ETHEUR Impulse observation(2) up
(1) down
Pair of scallops.
This is not a forecast just an observation.
Right now I am concerned about the disconnect crypto seems to have from SPX and others.
Everything seems to be bullish in the crypto world (well, mostly)
Its hard to call what this disconnect will lead to.
However im just expressing my thoughts, of course.
Ethereumbitcoin
ETHBTC Time to get aggressive on Ethereum?Back in August I published a warning on ETHBTC, warning traders that it was time to ease on Ethereum as seen below:
My reasons were more than obvious and had to do with the price nearing not just the 1W MA200 but also the Lower Highs trend-line, the 0.382 Fibonacci retracement level and the White Curve (Parabola). As you see all conditions got filled, even the RSI got rejected on its Higher Highs trend-line, and ETHBTC pulled back.
Right now we have the conditions for the reverse action as the price found support on the 1W MA50 (blue trend-line) and is rebounding. Even the RSI bounced on its 12 month Support, as strong sign indeed.
The question is where will the next high be? The conservative, steady 0.5 Fibonacci or the more aggressive 0.618? Still, the pair has to get past the 1W MA200 (orange trend-line) before those Fibs are met, so every trader depending on their horizon (holding period) have their respective targets (short, medium, long-term).
In my personal opinion, I give more probabilities to the 0.618 Fib at 0.0666, even the Symmetrical High around 0.0870. The reason is because I give more weight to the White Hyperbola being the dominant pattern here. And as you see every hit of the RSI on the Higher Highs (and Lower Highs during the Bear Cycle) trend-line has made (or almost made) contact with the Hyperbola.
So is 0.0666 or even 0.0870 possible for ETHBTC as long as the 1W MA50 holds within the first half of 2021?
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💡Don't miss the great buy opportunity in ETHBTC Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.030290).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 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 46.
Take Profits:
TP1= @ 0.032540
TP2= @ 0.033610
TP3= @ 0.035200
TP4= @ 0.037100
TP5= @ 0.040490
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHBTC Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.030290).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 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 46.
Take Profits:
TP1= @ 0.032540
TP2= @ 0.033610
TP3= @ 0.035200
TP4= @ 0.037100
TP5= @ 0.040490
SL= Break below S2
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ETH bullish bounce & next resistance levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
ETHBTC double-bottom neckline holding so far...Confirmed double-bottom reversal seems to be staving off naysayers as current neckline re-test seems to be doing okay so far. I'd watch for a probable 2nd leg down but as long as we see the buyers defend 0.03, we are likely going to see rallies to re-test recent highs.
Still bullish!!!
ETHBTC Update: Profit=64800 SL=10200 Reward/Risk > 6.3:1 Trade Setup summary:
Profit targets=64800 pip (2000 + 3900 + 6300 + 12300 + 17100 +23200)
Stop Loss =10200 pip
Reward/Risk > 6.3: 1
Current Status:
Total Profit: 27850 pip
Closed trade(s): 27850 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.02650 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.02850 touched at 2020.07.23 with 3170 pip Profit.
TP3 @ 0.03060 touched at 2020.07.25 with 5270 pip Profit.
TP4 @ 0.03360 touched at 2020.08.02 with 8270 pip Profit.
TP5 @ 0.03530 touched at 2020.08.14 with 9970 pip Profit.
1170 + 3170 + 5270 + 8270 + 9970 = 27850
Technical analysis:
. ETHBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.03530) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP5= @ 0.0373
TP1= @ 0.0392 (New)
TP2= @ 0.0416 (New)
TP3= @ 0.0476 (New)
TP4= @ 0.0524 (New)
TP5= @ 0.0585 (New)
SL= Break below 0.0336
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ETHBTC Update: Profit=64800 SL=10200 Reward/Risk > 6.3:1 Trade Setup summary:
Profit targets=64800 pip (2000 + 3900 + 6300 + 12300 + 17100 +23200)
Stop Loss =10200 pip
Reward/Risk > 6.3: 1
Current Status:
Total Profit: 27850 pip
Closed trade(s): 27850 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.02650 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.02850 touched at 2020.07.23 with 3170 pip Profit.
TP3 @ 0.03060 touched at 2020.07.25 with 5270 pip Profit.
TP4 @ 0.03360 touched at 2020.08.02 with 8270 pip Profit.
TP5 @ 0.03530 touched at 2020.08.14 with 9970 pip Profit.
1170 + 3170 + 5270 + 8270 + 9970 = 27850
Technical analysis:
. ETHBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.03530) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP5= @ 0.0373
TP1= @ 0.0392 (New)
TP2= @ 0.0416 (New)
TP3= @ 0.0476 (New)
TP4= @ 0.0524 (New)
TP5= @ 0.0585 (New)
SL= Break below 0.0336
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Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.03307). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 50.
Take Profits:
TP1= @ 0.0336
TP2= @ 0.0339
TP3= @ 0.0344
TP4= @ 0.0352
SL= Break below S2
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Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.03307). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 50.
Take Profits:
TP1= @ 0.0336
TP2= @ 0.0339
TP3= @ 0.0344
TP4= @ 0.0352
SL= Break below S2
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ETHBTC Time to sell itTwo weeks ago when Ethereum was trading at $265, I called for a buy as seen on the idea below:
It since broke $400 and now I shift my focus on the ETHBTC pair, which is giving me a Sell Signal:
Pattern: Channel Up on 1D.
Signal: Sell as the price hit the 0.035 May 16, 2019 Resistance, while being close to the Sell Zone of the Channel's Higher High, as well as forming a bearish Lower High on the RSI and approaching the LMACD Sell Zone.
Target: The 1D MA200 (happened twice since March 2020).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
ETHBTC Update: Profit=29850 SL=4500 Reward/Risk > 6.9:1 Trade Setup summary:
Profit targets=31000 pip (1400 + 3400 + 5500 + 8500 + 12200)
Stop Loss =4500 pip
Reward/Risk > 6.9 : 1
Current Status:
Total Profit: 14750 pip
Closed trade(s): 4340 pip Profit
Open trade(s): 10410 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.0265 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.0285 touched at 2020.07.23 with 3170 pip Profit.
1170 + 3170 = 4340
Open Profit:
Profit for one trade is 0.028800(current price) - 0.025330(open price) = 3470 pip
3 trade(s) still open, therefore total profit for open trade(s) is 2670 x 3 = 10410 pip
Break Even 0.025330
Technical analysis:
. 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 76.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.0265) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP2= @ 0.0285
TP3= @ 0.0306
TP4= @ 0.0336
TP5= @ 0.0373
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ETHBTC Update: Profit=16000 SL=1800 Reward/Risk> 8.8:1 Trade Setup summary:
Profit targets=16000 pip (2100 + 5100 + 8800)
Stop Loss =1800 pip
Reward/Risk > 8.8 : 1
Current Status:
Total Profit: 20670 pip
Closed trade(s): 9610 pip Profit
Open trade(s): 11060 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.02650 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.02850 touched at 2020.07.23 with 3170 pip Profit.
TP3 @ 0.03060 touched at 2020.07.25 with 5270 pip Profit.
1170 + 3170 + 5270 = 9610
Open Profit:
Profit for one trade is 0.03086 (current price) - 0.02533 (open price) = 5530 pip
2 trade(s) still open, therefore total profit for open trade(s) is 5530 x 2 = 11060 pip
Technical analysis:
. 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 71.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.0285) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP3= @ 0.0306
TP4= @ 0.0336
TP5= @ 0.0373
SL= Break below 0.02790
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ForecastCity English Support Team ❤️
ETHBTC Update: Profit=16000 SL=1800 Reward/Risk> 8.8:1 Trade Setup summary:
Profit targets=16000 pip (2100 + 5100 + 8800)
Stop Loss =1800 pip
Reward/Risk > 8.8 : 1
Current Status:
Total Profit: 20670 pip
Closed trade(s): 9610 pip Profit
Open trade(s): 11060 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.02650 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.02850 touched at 2020.07.23 with 3170 pip Profit.
TP3 @ 0.03060 touched at 2020.07.25 with 5270 pip Profit.
1170 + 3170 + 5270 = 9610
Open Profit:
Profit for one trade is 0.03086 (current price) - 0.02533 (open price) = 5530 pip
2 trade(s) still open, therefore total profit for open trade(s) is 5530 x 2 = 11060 pip
Technical analysis:
. 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 71.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.0285) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP3= @ 0.0306
TP4= @ 0.0336
TP5= @ 0.0373
SL= Break below 0.02790
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
ETHBTC Update: Profit=29850 SL=4500 Reward/Risk > 6.9:1 Trade Setup summary:
Profit targets=31000 pip (1400 + 3400 + 5500 + 8500 + 12200)
Stop Loss =4500 pip
Reward/Risk > 6.9 : 1
Current Status:
Total Profit: 14750 pip
Closed trade(s): 4340 pip Profit
Open trade(s): 10410 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.0265 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.0285 touched at 2020.07.23 with 3170 pip Profit.
1170 + 3170 = 4340
Open Profit:
Profit for one trade is 0.028800(current price) - 0.025330(open price) = 3470 pip
3 trade(s) still open, therefore total profit for open trade(s) is 2670 x 3 = 10410 pip
Break Even 0.025330
Technical analysis:
. 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 76.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.0265) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP2= @ 0.0285
TP3= @ 0.0306
TP4= @ 0.0336
TP5= @ 0.0373
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
ETHEREUM / BITCOINHello, dear! 🧡
Continue my hashtag #rocketbombquickidea for you🔥🔥
If you like such format of my quick analyzes, support idea with like. I'll try to find more opportunities for making 💰
Always in touch with you🧡
Sincerely Your Rocket Bomb 🚀💣
PS Many alts just give wonderful profits .🔥🔥🔥
My previous work👇🏻👇🏻👇🏻
ETHEREUM - $ETH/BTC - Alt Season 2020No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#ETHBTC: I'm SHORT/ BEARISH position up until (Green BOX). I expect that $ETHUSD will rip down.
This would mean that ETH will lose more 30% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip