$ETHUSD - New ATH is just a beginning of a new uptrendHi guys! 👋🏻
🔔 Ethereum reached an all-time-high yesterday, January 19, 2021, closing the new ATH at $1438.66. Key update for such a run and note for Ethereum long and mid-term investors is an announcement of the Ethereum research team EthStaker during their last week’s Community call, which said that turning off PoW is closer than expected and could have a higher priority than sharding.
🔔 Ethereum still is an asset to watch closely as the DeFi ecosystem continues to grow and in 2021 might face a greater advance following a statement from Janet Yellen yesterday, where she pointed out the concerns over usage of cryptocurrencies in terrorist financing.
🔔 Note that on January 13, Christine Lagarde during her interview called for the same, saying that cryptocurrency transactions should be regulated on an international level. These statements could boost DeFi hype once again, and DeFi hype will pull Ethereum price to the new All-time-highs.
🔔 At this point there are no signs of a trend reversal, the pair continues to advance higher in an uptrend channel following levels of the Andrew’s Pitchfork. MA100 supports the uptrend continuation, RSI indicator is close to oversold and MACD which is a lagging indicator haven’t yet confirmed the bull run.
🔔 On a 15-minute time-frame of the ETH/USD chart, the first ever altcoin has formed a short-term descending channel, which in technical analysis is also called a bullish flag. Bullish flag is a corrective pattern, breakout from which signals a continuation of an uptrend.
🔔 As seen on the chart above, there are two important levels to watch closely, one is the January 10 resistance, which was tested as a support previously and a resistance of January 16 high at $1291. The best scenario for Ethereum is to test the $1300-1280 area as a support, do not close below the lower threshold of the ascending channel and continue uptrend. If the breakout from the bullish flag is confirmed, watch for levels at $1533 and $1550.
✊🏻 Good luck with your trades! ✊🏻
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Ethereumlong
LTCBTC can reach the ATH nowCritical resistance:
In the US Dollar market, the price action of Ethereum is crossing a critical resistance zone. This area starts from $1200 and ends up to $1600.
25 SMA broken out:
Now if we switch to the Ethereum with Bitcoin pair chart. Then on the weekly time frame, the price action has broken out the 25 simple moving average and moving to the upside to 200 simple moving average. Once the 200 SMA will be broken out then a very powerful bull run can be started.
This move can be the same as in the US Dollar market when the price action broke out 25, 50, 100 and, 200 simple moving averages and the smallest time period moving average moved above all and the biggest time period MA moved below all. Then the priceline of Ethereum reached very close to all-time high price.
Conclusion:
The priceline of Ethereum has achieved another milestone by crossing up the 25 simple moving average with Bitcoin pair weekly chart. If the 200 SMA will be broken out then it can reach the all-time highest price in the Bitcoin market as well.
Ethereum ETHUSD next stopHope some people have taken benefit from the last analysis on the pair Oct 8th as per below. Price retested and reversed from the key support level as identified below.
The momentum is too strong and I don't expect any significant pullback considering BTC is at all time high level and people taking money off BTC and probably investing in Altcoins. ETH being the main player and ETH 2.0 in pipeline, I expect this to strongly push higher.
It can pull back around 450-500 level which is not very likely though but the next target is 790-800 as the 1st target.
Again, this is not intraday trade idea. I am only interested in long term investment in crypto for next 2 years and looking at levels to add to my investments.
How does $2000 per Ethereum sounds like?In a close future, I expect the price of Ethereum eventually to reach the price of $2000 per Ethereum as a first resistance, where a sideways movement will be seen.
Why?
The price of Ethereum about to break all time high and this event will for sure bring strong bullish momentum, especially on a coin with such large market cap.
I don't consider the $1500 to be a resistance as it's too close to $1440. Of course on the way to $2000 there will be minor resistance levels located at hundred levels, such as $1600, $1700 but these levels aren't enough in my opinion to act as a top of a buying wave.
As MACD is currently suggesting another buying wave, even higher volume is expected than from the move from the second wave from $725 to $1300, resulting in a 80% price increase in a matter of few days.
From 1300 where this MACD wave started to $2000, it's "only" 60%.
The second strong resistance of Ethereum I expect to be found slightly above $2800, possibly around $3000, which would be the twice the current ATH located at $1440 per ETH.
RSI continues to see strong bullish demand and strong buying volume is expected to remain.
Conclusion, buy the break of $1440 if you can!
Good luck with ETH!
Fib Circle Guide Pt.2 ETH-BTCAfter the strongest Fib trend has been established (red line) We proceed
Key areas involved include the 1 zone and 1.618
1 has been a consistent support for the pair (green arrows)
1.618 was recently a resistance turned support
Fib circles are very useful in identifying Support and resistance areas, as they are areas of interest, The hardest part is identifying the strongest trendline, once done its breezy
Ethereum price poised to skyrocket 41% to $1,800
Ethereum has broken above the hypotenuse of an ascending triangle, adding credibility to the upswing.
ETH/USD will validate the expected breakout to $1,800 on trading above the current yearly high at $1,800.
Ethereum is in the middle of a fresh rally to $1,800 after taking back several key levels including the 50 Simple Moving Average on the 4-hour chart and $1,200. The pioneer altcoin eyes a new all-time high at $1,800 after rising above $1,300. Trading above $1,350 (current 2021 high) will validate the anticipated uptrend to $1,800.
In the meantime, Ether is trading at $1,300 after breaking above the x-axis of an ascending triangle pattern. The flagship altcoin has endured a prolonged consolidation period that began the mid-last week. While its price has made a series of higher lows since then, the $1,300 resistance level continued to reject Bitcoin from advancing further.
Such market behavior led to the formation of the ascending triangle on Ethereum’s 4-hour chart. A horizontal line can be drawn along with the swing highs while a rising trendline created along with the higher lows.
A recent spike in the buying pressure behind the pioneer cryptocurrency has allowed it to break the overhead resistance. For now, it could shoot up by 41%% based on the ascending triangle formation. This target is determined by measuring the distance between the two highest points of the triangle and extrapolating the margin from the breakout point.
The Relative Strength Index seems to have validated uptrend after breaking out from the leveling motion around the midline line. The indicator is heading into the overbought area, as the sellers’ grip becomes stronger. Trading volume is also rising as investors increase their positions in Ethereum in anticipation of gains toward $1,800.
Ethereum intraday levels
Spot rate: $1,330
Relative change: 70
Percentage change: 5.6%
Trend: Bullish
Volatility: High
ETHEREUM - New ATH before shorting big on February 8th? Why?
Because CME Group to Launch Ether Futures on February 8, 2021
Will share more with you all before time. Maybe find the hint on this previous video about Bitcoin, the city of Chicago, the bears and bulls. (from 0:45 to 4:00 mins you will find the hint, it's loud and clear)
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/17Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Bitcoin!
MARKET OVERVIEW
Price Action: ETH rallied to a high of $1298 and has just now broken down below the 200MAs. Price needs to reclaim 200MAs in order to continue bullish momentum.
Chart Patterns: No Patterns
Areas of Interest: The area(s) of interest for us are the 61.8Fib @ $1157 and the highs at $1298. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit.
2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC.
2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC.
TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: Retest and Continuation (61.8Fib)
To open a long position, we are waiting for price to retrace down to test the 61.8Fib and then continue moving up.
Trade Entry Confirmation:
1. Price Action: Price needs to move back down to the 61.8Fib @ $1157 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern
3. Volume: Above average volume on entry candle
4. MACD: MACD histogram bottoming out
Long Trade Setup #2: Breakout and Continuation
To open a long position, we are waiting for price to create a new high, move back down to test previous resistance as support and then bounce back up.
Trade Entry Confirmation:
1. Price Action: Price breaks above and falls back down below $1298 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern
3. Volume: Above average volume signal candle
4. MACD: MACD bottoming out
Short Trade Setup #1: False Breakout
To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down.
Trade Entry Confirmation:
1. Price Action: Price breaks above and then falls below the high of $1298, forming a bull trap
2. Candlestick Pattern: A breakout candlestick followed by a breakdown candlestick
3. Volume: Above average volume on both breakout candle and breakdown candle
4. MACD: MACD histogram topping out
ENTRY SIGNAL TYPES
Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades.
1. Official entry calls will be posted using “trading active” post type.
2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type.
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
RISK MANAGEMENT / POSITION SIZING
Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk.
HOW TO USE MY ANALYSIS
Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily:
1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself.
2. You follow the trade setups and trade entry signals that I give in real time.
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Please support me by liking, sharing, commenting, and following! Thanks!
Please share your ideas and analysis below so we can all learn together!
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/16Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Bitcoin!
MARKET OVERVIEW
Price Action: ETH rallied to a high of $1257 before having a flash crash to $1045, and is now trading in the middle of the range @ ~$1150.
Chart Patterns: No Patterns
Areas of Interest: The area(s) of interest for us are the 61.8Fib @ $1045 and the highs at $1257. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit.
2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC.
2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC.
TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: Retest and Continuation (61.8Fib)
To open a long position, we are waiting for price to retrace down to test the 61.8Fib and then continue moving up.
Trade Entry Confirmation:
1. Price Action: Price needs to move back down to the 61.8Fib @ $1045 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern
3. Volume: Above average volume on entry candle
4. MACD: MACD histogram bottoming out
Long Trade Setup #2: Breakout and Continuation
To open a long position, we are waiting for price to create a new high, move back down to test previous resistance as support and then bounce back up.
Trade Entry Confirmation:
1. Price Action: Price breaks above and falls back down below $1257 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern
3. Volume: Above average volume signal candle
4. MACD: MACD bottoming out
Short Trade Setup #1: False Breakout
To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down.
Trade Entry Confirmation:
1. Price Action: Price breaks above and then falls below the high of $1257, forming a bull trap
2. Candlestick Pattern: A breakout candlestick followed by a breakdown candlestick
3. Volume: Above average volume on both breakout candle and breakdown candle
4. MACD: MACD histogram topping out
ENTRY SIGNAL TYPES
Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades.
1. Official entry calls will be posted using “trading active” post type.
2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type.
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
RISK MANAGEMENT / POSITION SIZING
Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk.
HOW TO USE MY ANALYSIS
Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily:
1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself.
2. You follow the trade setups and trade entry signals that I give in real time.
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Please support me by liking, sharing, commenting, and following! Thanks!
Please share your ideas and analysis below so we can all learn together!
ETH|USD may continue Bullish in this Ascending TriangleEthereum has been showing strength by strength, will the bullish momentum continue throughout this day as we form an ascending triangle. This pattern is a bullish pattern based on the higher lows we've been seeing.
Use risk management and trade safely, I am a strong believer in Ethereum and there is no reason for me to be bearish on a long term even if this doesn't play out bullish.
If bitcoin reaches 40k again I can expect this scenario to become more likely.
ETH completing another setup to turn more bullish in long termThe importance of SMA 7 and 25:
The previous rally of 2017 ended when on the weekly chart, the simple moving average 7 crossed down the SMA 25. This time sofar the price action is retesting, again and again, the SMA 7 and did not break down it sofar.
Critical resistance and Cup & Handle Formation:
On the long-term weekly chart, the price action is in a critical resistance zone which starts from $1200 and ends at $1600. Here the price action has found the resistance of Cup and Handle pattern at $1200. And retraced almost up to 0.382 Fibonacci level to complete the handle of Cup.
Attempting breakout resistance in the Bitcoin market:
On the Ethereum with Bitcoin pair’s weekly chart, the price action of Ethereum has formed a strong uptrend line support. And now trying to break out the 25 simple moving average resistance.
Conclusion:
If the price action will break out the 25 simple moving average resistance in the Bitcoin market. Then it can turn more bullish against Bitcoin and a very strong bull run can be seen in the US Dollar market as well.
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Is Ethereum going to start OUTPERFORMING Bitcoin?Ethereum is attempting to break out of descending trend vs. Bitcoin which started in 2018.
If successful, I can see Ethereum going to 10% of Bitcoin value in the Q1 of 2022, while at the same time I think that $100,000 BTC by the end of 2021 is very conservative view - IF bullish sentiment continues.
Then we could see ETH at least 10,000 - My personal opinion is that $ETH is going to be somewhere in-between $25,000 - $33,000.
Not a trading advice.
The Ethereum Dilemma.Prices trading near a horizontal level are always my favorite positions to discuss. Here, we can consider two great opportunities with good risk reward. Entering near a horizontal area ALWAYS gives great risk-reward, which is why you'll see me often talking about those.
The first and most obvious trade here is a long trade upon the breakout. However, we have already seen a breakout here with two wicks slightly above the resistance and the price did not manage to pull through.
The second trade idea would be a short trade on the reversal near the resistance, assuming it would hold. This would be a great idea too, yet risky as the price is in a clear uptrend and the entire market is in an uptrend right now.
That's why in this case I suggest waiting for confirmation before entering a position. If it clearly breaks out upwards go in with a long trade, if it clearly moves downards again go in with a short trade.
However, to make things complicated. I don't see the volume and volatility either to go all the way to the all time high right now or back to the $1000 level. That's I would suggest to keep this trade small for now and trade towards the smaller horizontal zones.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!