Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/23Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
Market Overview
Price Action: ETH, along with Bitcoin and the rest of the cryptocurrency market, experienced a heavy sell off yesterday, causing fear and panic and prompting many to question whether the bull run is over. In the chart to the left, we see that on the higher timeframe (4H chart), we are actually bouncing off of channel support, which coincides with the 200MAs. So long as this confluence of levels hold, ETH should be able to consolidate and have another run. Should this support zone ~$1550 break down, we need to be very careful that perhaps there will be prolonged downside.Currently I am not touching my HODL portfolio just yet, still HODLING strong.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the 200MAs @ $1820-1850 and the lows @ $1550. 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: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $1550, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
Short Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $1820-1850 by the time price reaches it, and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
My Recent Trades
2021/02/21: I had a losing trade. I entered a long @ $1,970.0, with Stop Loss @ $1,868.6, and stop loss hit.
2021/02/20: I had two winning trades! I entered a ETHBTC long @ 0.035325, with Stop Loss @ 0.034577, and price reached a high of 0.036682, giving a risk reward ratio of 1.8:1. I entered another trade ETHUSDT trade long @ $2,003.1, with Stop Loss @ $1,965.6, and price reached a high of 2,022.0, giving a risk reward ratio of 0.5.
2021/02/07: 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.
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.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
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!
Ethereumprediction
ETH-6h. Buyers are ready to test $ 800-840.BTC's local weakness, after setting a new historical high, gave ETH buyers a chance to come out of the shadows.
On December 27, during the two hours of active sales of BTC at highs showed that many people want to keep the price of BTC. During the stoppage of growth in the BTC market, ETH buyers raised the price by 10% in 3 hours. The initiative of buyers continues to remain with buyers. This is how our global idea ends .
Buyers managed to go beyond the wedge. The local critical point for continued growth to the $800-840 range is the $700 mark . Below it, sellers will return ETH to the consolidation wedge and try to test the $620-630 range .
Therefore, we expect the result of the fight for the $700 mark to enter the risk-free entry into the position.
________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
ETHEREUM 1/20 MOON TARGET DATEHello personal traders,
This is no secret.
Ethereum is on the rise.
Check ETH/BTC if you need reference, as well as market caps.
My logic is shown clearly on the graph with my indicators.
Buy and Hold Ethereum is my final call.
Thank you,
-dysonring2050
#whatwhalesdon'twantyoutoknow
Ethereum - What is Ether up to these days?Ethereum finds itself at the beginning of a death cross, what this means is that if BTC decides to keep going down further (which it will) Ethereum will go down harder and stay under the 50MA for most of the times with maybe a spike above it once in a while. I guess that most high performing alts will try to stage a double bottom which will put Ethereum around the $80 - $100 range. But let's look at something interesting below.
In the chart below -- which is the total market cap of crypto -- you can see that money has been flowing in during the weekend (14 billion dollars) so far. A good portion has gone to Ethereum, which means that someone is finding it very valuable.
In the chart below you can see that BTC has lost dominance which reinforces that the money that came into this asset class did not go to BTC directly.
It is little hints like the ones I give you here that will keep you safe and ahead of the curve.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Safe to buy a little of ETH and more on the dips
THE OUTLOOK: ETH will go up fast once the bottom is in
Be safe and follow me to make money and stay ahead of the curve.
Xena Exchange Resident xena.exchange
Ethereum NUETRAL Still in Trading Range 1 HR Chart#Ethereum #Bitcoin #Litecoin
Hello to all watching my charts
Ethereum is similar to Bitcoin caught in a Trading range
and neutral at the moment.
here the trading range is between 200/204 and 2223/225
We have to wait in which direction the outbreak will come.
Below 200 it seems to be short, above 225 it seems to be long for me
Good trades
If you want to support my work and my charts please like them..
Renkotrade
Ethereum ETHUSD Short but Chance of a Trendbrake 1 HR Chart#Ethereum #Bitcoin #Litecoin
Hello to all watching my charts.
Similar to Litecoin ( my Chart from today morning) now
in these minutes 10:15 NYT
Ethereum is growing also stronger and i do see a chance
of a trendbrake to long if it jumps above the last high which has been
also a broken support on 15.7.2019
(I have marked that with a black line)
Let us check the next hours and days
whether these crpyto Ethereum takes the chance
and jumps to my BLUE ARROW for a long setup,
--
Here a additional info for all who ask me to draw other lines..
My channels shown here in the chart are NOT manual line draws from
high to high and low to low.
They are the resulat of a complex mathematical system, which is my personal
trading system, and they have different timeframes have also adjustable
different deviation in % from the actual price as forecast
ALSO they change the forecast ever TICK in Realtime and calculate the channels new.
--
Godd trades
If you want to support my work and my charts, please like them
Renkotarde
Ethereum(ETH/USD)-SetupEthereum pair follows the bitcoin suit and surged in price recently.
Lets look at the 4Hour-Time Frame for the significant price levels.
Bullish Case:
As we can see on the chart, pair(ETH/USD) has broken one month long downtrend-line(red line) on 7th February'19 and surged 40+% in price since then.
It is testing a preliminary resistance level around $150+ and might have a healthy pull back to 1st line of support(Green bar) around $139.If the price level doesn't hold then second line of defence for bulls will be around $127-$129.Also, the pair has surpassed 200H-SMA(Simple Moving Average) and penetrated through ichimoku cloud which might act as preliminary support if any pullbacks occur.Breaking major resistance around $173+ price level will be strongly bullish for the pair and will test $200+ level.
Simply put, laddering buy orders around $139-$126 price level with tight stop-loss, can be profitable for traders as well as investors for coming weeks.
Bearish Case:
If the last line of support around $120+ doesn't hold then it would be strongly bearish for the pair.
Also, STOCH-RSI and MACD is moving into the bearish zone which signifies a coming small drop.
Simply put, if someone bought at around $139-$126 price level then it should sell asap if the $120 price level breaks down.