Ethereum completing big Cypher for upto 58.5% rallyHi friends hope you are well, and welcome to the new update on Ethereum coin.
On long-term weekly chart chart, After formation of BAT and Gartley patterns, the priceline of ETH with BTC pair is completing the formation of bullish Cypher pattern and soon it will be entered the potential reversal zone There are also 50 and 100 simple moving averages supports in this buying zone.
This trade has a profit possibility of 58.5%, and the loss possibility is 14%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Ethereumlong
ETHUSDT LONG TRADE ENTRY 2021/02/21Entry 1,970.0
SL 1,868.6
TP1 2,005.5
TP2 2,035.9
TP3 2,061.3
TP4 2,091.7
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
The future of ETHAs a seasoned investor, amassing a small fortune equivalent to the GDP of the American Samoa is great and all but what is it all worth if you can't actually buy a country? Who made these rules in the first place?
Anyways, ETH is on the rise, and it looks like we have about 2X to go before we get a solid pullback. The emotional index is a rating of "Everyone expects a sell off" when this is the case, there is normally much more upside. Once that feeling wanes and everyone forgets and things just seem "Normal" going up. Then that is exactly when you should prepare to buy more at a large discount. Market Makers ride this emotional wave like a pro surfer. With the current news cycle coupled with the ramp up of Bitcoin and ETH adoption. Market Makers would never tarnish BTC or ETH's reputation as of yet. That will come with a major "Hack" to take the news cycle and market dropping like a rock, but only once everyone is in it. This will guarantee more regulation. Which is exactly what is needed and wanted by those that have a say.
I personally would buy as much as humanly possible for the next few weeks. Best of luck and remember, it's not about money it's about control.
Oh also, One thing I've learned in my 15 years is stocks only go up.
NOTE: This is not investment advice. I just like ETH.
Is ETH still coupled to BTC? Maybe not..Over time ETH has exhibited its own unique price movement
Compared to BLX where price continually moves down when transitioning from one fib ring to another, can be viewed on my chart below
In my view this decoupling was sparked by a small parabolic move that occurred last year
Price is currently sitting right at the exit of one fib ring and entering another (red square)
This could end up very bullish if it acts as a bullflag, which it likely will, based on the structure on a lower timeframe.
The Ethereum ecosystem is adapting so fast, its difficult to keep up, price should reflect this.
ETH rocks towards the gigantic $2,000 milestone
Ethereum holds above $1,900 while bulls keep their eyes on $2,000.
The least resistance path is upwards, as reinforced by the MACD on the 4-hour chart.
Ethereum’s uptrend to $2,000 will be invalidated if losses extend under $1,900.
Ethereum is gradually nurturing an uptrend towards $2,000 despite the frequent rejections from new all-time highs. At the time of writing, ETH is teetering at $1,910 after losing steam at $1,954. The ongoing correction risks dropping into the $1,800 range; thus, there is a need for higher support.
The 4-hour chart confirms that the pioneer altcoin still has a bullish impulse and is likely to resume the uptrend toward $2,000. Meanwhile, the Moving Average Convergence Divergence (MACD) adds credibility to the uptrend.
It is essential to note that the MACD is a momentum oscillator applied in trading trends but rarely used to identify overbought and oversold conditions. The indicator presents itself on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the average moving system.
It is essential to keep in mind that crossing above the midline (zero line) is regarded as bullish while crossing below the same line is bearish. Moreover, when the MACD line (blue) crosses above the signal line, it is bullish. On the other hand, the trend tends to flip bearish when the MACD line crosses under the signal line.
Therefore, the Ethereum uptrend is still intact and could get aggressive as soon as buyers flip the $2,000 level to support. For now, holding above $1,900 is key to the continuity of the bullish outlook.
It is worth keeping in mind that Ethereum will abandon the upswing to $2,000 if losses extend below $1,900. The 50 Simple Moving Average is in line to halt declines from developing under $1,800.
Ethereum intraday levels
Spot rate: $1,910
Relative change: -30
Percentage change: -1.5
Trend: Short bearish bias
Volatility: Low
$ETH -Bullish Smart Money Move - Below The Engineered Liquidity1869 is the spot I'm eyeballing in or arround that area. As soon as we see a sharp pull back below the "Safe Support" level that smart money has engineered, we should see it hit the median hourl price and or lower at the Bullish Block which should send the price higher. There are two bullish order blocks, a larger one between 1832 and 1857, and a smaller one sitting right on top of the larger one resting about 1860. This is also the 70.5% retracement level for this area. Here's a look at the hourley for the fair value gap that it has dipped into, but hasn't closed or hit the median.
And then here's a look at the Hourly with the Order block resting below as well. it all seems to line up with a bullish move once we get that slight pullback below the engineered "lows".
Looking to Exit at the 150% extension. This should move should start during the Crypto Killzones 12-2pm NY time and maybe end before the end of the day. If Not, I'll re-evaluate the move. Or at least the time. I don't want to set this up and and it pull back at 7:00 p.m. when crypto is usually moving down or sideways.
$ETHUSD - Path to 1900Hello everyone!
This is my vision of ETHUSD, the pair is below the 1750 - 1760 resistance area and tested it multiple times - no luck!
Though lets also take into account the fact that last three candles closed higher than the previous one and Ethereum is still above the 1700 support.
Drop to $1625 would be the best for Ethereum as it will test the Fibo 0.618, several dynamic supports and will jump to $1900.
~VITALIK IS IMPRESS~ ETHEREUM 📈ETHEREUM has been on a tear lately just ripping past ATHs
On a linear scale, the chop ETH saw back in Sept 2020 looks very much like the phase every altcoin is currently in, and I believe will continue to be in, until first few weeks of March when most will begin to take off. LITECOIN seems to be halfway there following the trail set by ETH and DOGE who also helped lead the pack and saw substantial growth from Nov 2020 to Dec and saw a slight correction all January before the final leg up at the beginning of this month. Feb.
Anyway buy everything! $$$
Target for ETH 5k (or $4,999 at least) is sometime late April early May.
Hope we can maintain these trend lines.
Charting this on my phone. I’m keeping this one simple.
Ethereum CORRECTION Almost CompleteAfter breaking out of major descending wedge we've seen ETH going to 0.04624 vs BTC which triggered a small altseason.
I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance.
This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon.
I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility.
This means ETH could go from $3300 to $5300, depending on BTC levels.
Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'.
Not a trading advice.
ETH-BTC Gann - Areas of importanceCircle is the main area of importance, would be great to hodl and continue the up trend.
The main bull breakout can be observed above the curve of resistance plotted (arrow)
If this trend hodls a very large breakout may result against bitcoin
Ethereum hodls utility, Bitcoin is a store of value.
ETH/USD PRICE CHANNEL monitoring the ETHUSD long term price channel... I think the yellow box is the first real resistance area as we attempt to enter the main bullish channel again... I expect to see a very fast move once we break the bottom channel resistance and enter the main price channel... which could take ETH price to the green box upper bound range. I will update this idea as ETH price starts getting closer to the bottom channel resistance
Ethereum may complete Cypher move for upto 61% rallyHi dear patrons, hope you are well and welcome to the new update on the Ethereum coin.
On the long-term weekly chart, the price action of the price action of Ethereum with Bitcoin pair,1st formed BAT pattern then Gartley and now completing the final leg of another bullish Cyhper pattern and soon it will be entered in potential reversal zone. On breaking down 25 SMA the move will be confirmed. There is 100 SMA in the potential reversal zone to provide good support.
this trade has a profit possibility of 61%, and the loss possibility is 14.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/13Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
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Market Overview
Price Action: ETH has been consolidating after continuously making slightly higher all time highs. It is now testing the 200MAs and could give an entry signal soon.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the ATH @ $1872. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $1872 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $1872, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
My Recent Trades
2021/02/08: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
2021/02/04: I took two trades, one winning trade and one losing trade. I first took a long @ $1,645.0 which hit SL @ $1,583.3. I then took a long @ $1,614.4 with a SL @ $1,596.5, and price reached a high of $1,623.3, giving a risk reward ratio of 0.6:1. 2021/01/30: I had a winning trade! I entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!