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ETHREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2021/01/01MARKET OVERVIEW Price Action: As BTC made a new ATH, ETH failed to break above the previous high of $759, showing signs of weakness. Chart Patterns: No significant chart patterns. Areas of Interest: The area(s) of interest for us is the highs of $759. 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 No ETH trades yesterday, though we did have a winning BTC short trade.We entered short @ $29.3K, with a Stop Loss @ ~$29.5K, and price reached a low of $28.8K, giving us a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. As this was a false breakout trade, you could've also decided to enter a short on ETH. Entry would've been $745, SL $749, price reached a low of $725 so far, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. Trading ETH on a BTC false breakout setup proved more profitable than trading BTC itself. Two days ago we had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. Three days ago we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC. TRADE SETUPS Below are two potential trade setups. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 with force, creating space between the price and the $759 level, falls back down to $759 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $759 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 and then rapidly falls below $759, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $759) followed by a breakdown candlestick (candle close below $759) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) NOTE: For false breakout/false breakdown trade setups, sometimes trading the other pair (eg. trading BTC when the setup is on ETH and vice versa) can be even more profitable if the other pair is looking weaker (for false breakout setup) or stronger (for false breakdown). Some indicators to consider are where the price is relative to the 200MAs, size of recent candles, volume, and overall price action, market structure, and chart patterns. 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. 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.
by cryptotraderog
6
ETHEREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2020/12/31MARKET OVERVIEW Price Action: After reaching breaking above the high of $748 and creating a new high of $759, price has come back to test the 200MAs @ $729, and is now bouncing off of that level. Chart Patterns: We are moving up an upwards sloping support trendline. The 3rd touch of the trendline also coincided with the 200MAs. Whether this trendline holds or breaks will be important for ETH's next move. Areas of Interest: The area(s) of interest for us is the highs of $759 and a break of the support trendline/200MAs. 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 Yesterday we had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. Two days ago we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC. TRADE SETUPS Below are two potential trade setups. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 with force, creating space between the price and the $759 level, falls back down to $759 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $759 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 and then rapidly falls below $759, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $759) followed by a breakdown candlestick (candle close below $759) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) 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. 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.
by cryptotraderog
9
ETHEREUM (ETHUSDT) DAILY LONG&SHORY TRADE SETUPS 2020/12/30MARKET OVERVIEW Price Action: After reaching a high of $748, price retraced to the 200MAs @~$700 (where we took a long), and is now back up consolidating near the highs, giving us a bull bias. Chart Patterns: We have an ascending triangle pattern, which typically breaks to the upside, giving us a bull bias. Areas of Interest: The area(s) of interest for us is the highs of $748. 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 Yesterday we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC. TRADE SETUPS Below are two potential trade setups. Given the bullish bias, the most likely scenario is "Long Trade Setup #1: Breakout and Continuation", but regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 with force, creating space between the price and the $748 level, falls back down to $748 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $748 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 and then rapidly falls below $748, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $748) followed by a breakdown candlestick (candle close below $748) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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. Sorry for the late post today, had to go to the hospital. Thanks for your support. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks. UPDATES: Going forward, I will be adding chart patterns and previous trades onto the the chart. Let me know if there are other things you guys want me to lay out on the charts.
by cryptotraderog
2
ETHEREUM (ETHUSDT) DAILY BUY&SELL TRADE SETUPS 2020/12/29Market Overview ETH has pumped from a base of $620 all the way up to a high of $740, a 20% increase, catching up to the BTC pump, with ETH/BTC pair rallying from a low of 0.02275 to a high of 0.02766. Price has since started to stall and retrace. Let's see if ETH has juice for another major bull leg up or if it has formed a local top and will correct / consolidate. The two main levels immediately significant on the charts that we want to focus on are the highs of $748 and the 200MAs in the $700-710 zone. We will be looking for trading opportunities in these two areas, and I've laid out three potential trade setups in detail below. Trade Recap Yesterday we had a 'very high risk' trade that I recommended only for the super risk-seeking traders. Depending on how tight you set the stop loss below the S&R flip of ~$717, you might've been stopped out or had a profitable trade. That is the nature of a 'very high risk' trade, which doesn't give profits easily and often involves large drawdowns. Long Trade Setup #1: Retest and Continuation To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 200MAs and bounce back up (200MAs currently projected to be $700-710 zone). 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 3. Volume: Above average volume on the bullish engulfing candle, a pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Long Trade Setup #2: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 with force, creating space between the price and the $748 level, falls back down to $748 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $748 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 and then rapidly falls below $748, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $748) followed by a breakdown candlestick (candle close below $748) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume (volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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.
by cryptotraderog
8
ETHUSDT (ETHEREUM) DAILY TRADE SETUPS 2020/12/23SHORT TRADE SETUP: False breakout followed by price dump In this scenario, we are waiting for price to break above the high of $670 and then breakdown for us to take a short position. Entry criteria for opening a short position: 1. Price Action: Price breaks above the high of $670 and then rapidly falls below $670, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above resistance @$670) followed by a breakdown candlestick (candle close below $670), ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two. 3. Volume: Above average volume (volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) Ideally we get all four 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. Make sure you practice proper risk management and money management. If price breaks out above $670 with significant force, as indicated by volume and large size of green candle, we might look to go long on a retest of the $670 level turning from resistance to new support (S&R flip trade). We adapt to the market as market conditions change so that we've always moving with the markets and not against it. I will be updating this trade as price enters the trade zone, and when we see confirmations for entering a trade, and will then provide stop loss and take profit targets. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS AND CAN FOLLOW THE TRADE 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.
by cryptotraderog
2
ETHEREUM forming a bullish break-out pattern to $690ETHUSD is holding its 9 month Channel Up, currently having formed a Triangle within. As seen on the chart, every time such a pattern (Triangle) is formed, the price breaks to the upside. Some times more aggressive (+83%, +89%), others less (+29%). At the same time, while the Triangle is formed, the RSI prints a Channel Down (showing accumulation in process) and the LMACD being descending, makes a Bullish Cross. The only exception to the RSI is the Sept/ Oct Triangle, but that traded below the the 1D MA50 (blue trend-line). In all other occasions, the 1D MA50 was supporting (as it does now). A +29% rise tops at $690, a +89% would top at $990. Which one do you think its going to be? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView -------------------------------------------------------------------------------------------------------- **BONUS MATERIAL: My most recent ETHBTC analysis **
BITSTAMP:ETHUSDLong
by TradingShot
13
ETHEREUM on the weekly chart. Is $600 achievable?Last week I posted the following chart on Ethereum: ** The Inner Channel Up ** It was about the final Resistance level of 400 that ETH had to break before its April Channel Up (inner/ blue) on the 1D chart turned bullish again. Well it happened, as the 1D MA50 turned into Support, and the price is moving higher. ** The Outer Channel Up ** My attention now shifts back to the 1W chart, which (excluding the March melt-down) is dictated by a very clear Channel Up too (outer). See how harmonically the price is pivoting on the middle (dashed) trend-line of this Channel Up (red and green arrows). This Channel started after the December 2018 bottom and since then, it is the first time that a weekly candle closes that high after a bounce on the middle trend-line. Clear bullish strength with the sentiment getting even stronger as the LMACD is about to make a bullish cross. Can Ethereum take advantage of this momentum and reach $600 before the end of the year, which will be a Higher High on the long-term (outer) Channel Up? A roughly +95% increase from the last low, certainly shows it can! And as you see on the chart this +95% rise has been consistent in marking Higher Highs since December 2018, successfully making 5 occurrence already! Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSDLong
by TradingShot
9
ETHEREUM one level left to break before the next jumpETHUSD has been trading within a Channel Up on the 1D chart since early April. The price has traded on the lower half of the pattern for most of the time, which serves as the demand zone for accumulation. The upper half was used so far for profit taking by long-term traders. Though this framework is relevant, the most important development of the last days is the $400 Resistance which has been tested (and failed to break) three days ago. This is similar to the June-mid July price action when ETH again struggled to break the (at the time) 255 Resistance, but when it did an aggressive rally started straight to the profit taking zone of the Channel Up. Notice how in both cases during the later stages of the Resistance testing, the 1D MA50 (blue trend-line) turned into Support. Also the LMACD pattern is similar. Do you expect a strong rally once this Resistance breaks? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AxelShadah --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSD
by TradingShot
5
ETHEREUM The Channel Up that makes buyers worry.ETHUSD has been one of the surprises of the post-March collapse, having broken above its June 2019 High, while BTC is lagging. Despite this success that has revived investing interest on this coin, there is a certain pattern that holders would want to see breaking upwards as it comes with strong bearish bias. ** The Channel Up on 1W ** That is the Channel Up you see on this chart. With perfect Higher High trend-line touches on the 1W candles of August 20 2018, June 24 2019 and recently August 21 2020. As you see the middle of the Channel also serves as a Resistance/ Support level at times. Every Higher High is on the 1.15 Fibonacci extension of the previous Low-High leg. ** The LMACD ** The Channel suggests that if the 1W MA20 breaks, the leg to a new Higher Low may begin. The LMACD just made a Bearish Cross, which on July 2019 marked the start of a drop below the median, while on March took place exactly at the bottom (even outside) of the Channel. ** The RSI ** Positive sentiment though comes from the RSI which shows that if it keeps trading within the neckline of the H&S (within of course its own Channel Up), which I marked by the yellow shape, the price may remain higher than where it was on the left part of the neckline, i.e. currently above the middle (white dashed line). What the RSI must avoid is the Red Zone (on the bottom of the Channel). It goes without saying that ETH buyers wouldn't want to see this Channel Up fulfill its technical gap and instead break above it and start a new, more aggressive bullish pattern . What do you think will happen? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> gergiabboud --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSD
by TradingShot
13
BITCOIN bringing rally memories to ETHEREUM??This is an interesting find I came across while comparing ETH's current cycle on the 1W chart to BTC's previous (2014 - 2017) Cycle. As you see Ethereum, not only follows Bitcoin's Bear Market structure but also the consolidation that took place after, which led to the Bull Market rally. When that consolidation broke to the upside and the price pulled-back to test the (previous) top of the structure as Support, it held and kickstarted the aggressive phase of the Bull Market for Bitcoin. Will history ETHUSD follow Bitcoin on this one? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> CITIZENCAINE
KRAKEN:ETHUSDLong
by TradingShot
6
ETHBTC Time to ease on Ethereum before the next Bull?This idea is based on the notion that the dominant pattern of ETHBTC since the 2017 All Time High, is a Cup. As you see on the chart, we should be past debating whether or not the market has made a bottom as the price not only broke above the 1W MA50 (the blue trend-line) but is also about to test the 1W MA200. That brings us to the essence of this idea, as near the 1W MA200 (which is by itself a Resistance), there are other several strong Resistance levels: 1) The Lower Highs trend-line started on the June 2017 High. 2) The 0.382 Fibonacci retracement level. 3) The White Curve, which is the Resistance of the Cup pattern with several rejections. ETHBTC remains very bullish long-term but the above should wave a flag that we may get another good buy opportunity lower, potentially near the 0.236 Fibonacci retracement level, which provided Support on several occasions. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
by TradingShot
5
ETHEREUM Pump/ Rinse/ RepeatWell it appears that this is the sequence for Ethereum since late April: Pump-Rinse-Repeat. More specifically the last two Pump sequences (April 21-30 and May 21-June 01) have been around +37%. After their peak, the price pulled back and consolidated within a Cup pattern. As mentioned this has been done twice already. Right now, the 3rd sequence has began and there is still another +9% to go in order to complete the 37% range, which if repeated, will peak at $312. Notice also how the 4H LMACD is just about to form a Bearish Cross, which during the last sequence (May 31) market the final leg upwards to the blow-off top. Will this be repeated? Please like, subscribe and share your ideas and charts with the community!
BINANCE:ETHUSDLong
by TradingShot
10
ETHEREUM Indications that the Bull Rally is startingAnother simple study on ETHUSD making use of the MA20 and the LMACD on the 1M (monthly) chart. As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend. On top of that the MA20 has turned bullish for the first time since the 2018 Bear Market. Additionally, the short-term bearish fractal posted early this month, got invalidated yesterday: Are you ready to join the ride? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
KRAKEN:ETHUSDLong
by TradingShot
5
ETHEREUM Bearish fractal and how it is invalidatedEthereum is trading within a 1 month Channel Down on the 1D chart. This is the second Channel Down in a row it has been trading in since April 20th. The first was invalidated when the price aggressively broke to the upside and hit 254.00. The broader pattern is a Bearish Megaphone that started with the June 26th peak. The same Channel Down in a row pattern took place on that peak. Once the price broke the 2nd Channel Down to the downside, it dropped to the 1D MA200. Since the current Channel Down made a High on the Bearish Megaphone's Lower Highs trend-line, it is possible to see a similar drop to the 1D MA200 if the Channel Down breaks downwards. The pattern is invalidated of course if the Lower Highs trend-line of the Bearish Megaphone breaks upwards, in which case ETHUSD turns bullish on even larger time-frames.
KRAKEN:ETHUSD
by TradingShot
3
ETHBTC Sell signal on recurring patternPattern: Descending Triangle on 1D. Signal: Bearish as the price was rejected on the Lower High trend-line. The pattern is identical to that of December 2018 - April 2019 both on candles and LMACD terms. Target: 0.02030 (1st Support) and 0.017300 (2nd Support) with higher risk. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent ETHBTC signal hitting the exact target:
Short
by TradingShot
1
ETHEREUM Similarities with early 2019 and the Death CrossBefore we start please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** The Bearish Megaphone and Death Cross ** ETHUSD is on a strong 4 week rise since the $90.00 bottom. That bottom was made on the Lower Low trend line of the Bearish Megaphone pattern that started with June's $365 High, so technically it was backed up. A interesting mix of bearish signs arises as the price is now not only just below the 0.618 Fibonacci retracement level (counting 290.00 as the High) but also a Death Cross on the 1D chart (MA50 crossing below the MA200) is emerging. ** The Fractals ** The above combination of indicators is bearish. On top of that I have discovered similarities on the current trading pattern from the 290 High to the 90 Low (Fractal 1) with the September 2018 - January 2019 sequence (Fractal 2). As you see on the chart, both Fractals stopped on roughly a -68% decline from their Top. Fractal 1 was rejected on its first (and second later) test on the 0.618 Fibonacci level and pulled back to find Support roughly on the 0.236. Assuming the current Death Cross takes effect, we can expect a similar rejection on the 0.618 Fib level (around 185.00) and a pull back to 0.236 Fib (roughly 120.00), assuming the pattern is replicated on the exact same fashion. Based on Fractal 1 and that pattern alone, we can expect ETH to touch $290.00 again by September 2020. Do you agree with this idea? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
KRAKEN:ETHUSD
by TradingShot
7
ETHEREUM is a 2nd chance for those who missed out on BITCOINI have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study: I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave this to you. Do you think ETH is another opportunity for those who missed investing on BTC's early years? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
KRAKEN:ETHUSDLong
by TradingShot
124