New Custom Precious Metals vs. CryptocurrenciesThis is my new favorite custom PMs vs cryptos chart method. It adds together gold and silver multiplying the latter by the gold:silver ratio so they are on equal terms, and similarly with bitcoin and etherium, with eth multiplied by the current btc to eth ratio.
The chart is looking to complete a cup-and-handle formation, which would be bullish for precious metals over crypto in the short-term. Looks like cryptos could very well win out in the long-term. A prudent trading strategy would be having the ability to trade between them quickly, easily, and with the ability to set market orders.
In order to trade btc, eth, with allocated physical au (gold) and ag (silver), along with the fiats usd, eur, gpb,
ALL ON THE SAME PLATFORM
I use Kinesis: kms.kinesis.money
Happy trading!
This is not financial advice.
Etherium
Ethereum, ETH - important words about trading ETH now👇🏻We're in a range. As you know, opening a position when the price is in the middle of a range is the worst idea. Because your stop-loss is big. The best way, wait for the moment when the price will be near the low border or high border.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Quick Short on ETHUSD. Hello Trenders,
In a calm market trading sideways is quite boring.
In the other hand is exactely there you learn to trade with disipline.
Learn to setup the chart, Analyse, set a target, always a stop limit and stick to your strategy.
If all this is stresful for ya, you are not made for this profession.
Now Eth has broken the bullish triangle and actually is in a smaller bearish triangle. Volume-tend-momentum-volatility are quite low.
Short it in steps of 80 USD then lower your SL time.
Good luck
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
EMAX LONG POTENTIALcurrent volume is at $34,259,884.20
with a daily low of 0.00035 .
swing low was initial entry and secondary entry on 61.8-50% FIBB Retracement.
fundamentals of cryptos may be purely speculative as seeing volume increase with a 24/hr period i believe the highlighted AREAS provided sufficient Price Action/ Technical Analysis entries.
Custom Precious Metals vs. Cryptocurrencies chartThis is a composite chart of Gold and Silver versus Bitcoin and Etherium. There is a fairly solid bottoming formation that could turn in to a cup and handle. This would be very bullish for precious metals. Fib retracement of 100% could return to a ratio of 0.39. This would be likely in a scenario in which cryptos continue to decline in value while precious metals continue to increase relative to the dollar.
To be able to play this market, it's best to have a way to easily move between top cryptos and allocated contracts of physical gold and silver.
Luckily there is such a platform. It's called Kinesis: kms.kinesis.money
and if you like you can read more about it here:
www.reddit.com
ETH/USD: correction upHi everyone! ETH/USD pair reached the level of support and now needs correction to the next resistance at the level of 3371. Point technical indicators to it.
Bought on 2540.05
TP = 3371.00
SL = 1758.77
Information provided is only educational and should not be used to take action in the market.
Etherium - Next stop $2662Etherium started falling massively yesterday although my Time calculations suggested today as a day of the first fall. I think Elon got something to do with it :) We can observe a beautiful Head and Shoulders pattern indicating that the bottom of that fall will be at around $2662 USD and that is where I'll be taking profits from my short positions. Everything looks and behaves very technically and is worth paying attention to. Similar situation on BTC.
CRYPTO INDEX ANALYSIS!After an aggressive bullish rally the CIX needs a consolidation. We recognize that the ascending trend line is now broken and its probable that the chart will fall to its previous high which was a resistance and now becomes a support for the chart.
Meanwhile the Fibonacci 0.5 line is considered to be the next supporting force for the chart which is matched to the previous high and the RSI indicator is in the "over-sold" area. These factors combine means that the end of the bearish trend is near.
But the tweets from Elon musk and other crypto magnates should play a crucial role in this volatile time of the market!
ETHETH - Reached an ATH and is overbought. Two Doji candles appeared before the bearish engulfing candle coupled with a lot of selling. It retraces to the $3500 levels, and buyers saw this as a good entry. The momentum slowed down but still above the VWAP and nine-day moving average. If ETH doesn't defend $3500, it can quickly see $3000.
ETH Targets and Exit plan 📣Hello Traders. Hope you are having a fantastic day.
Today I want to talk about ETH. As you can see ETH is continuously making ATH`s. What is the exit plan and TP`s?
Well as you can see, right now ETH is trading above the 2.168 fib level and weekly candle has closed above this level so ETH is extremely bullish right now.
Next targets for ETH are next fib levels as shown. First is 5k which is the 3.168 level and next targets are 5822 and 6339. So in my opinion you should keep
an close eye on those targets. Personally I think 6k+ is a good take profit point but you do you.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on ETH and don`t forget to comment what you think. ✌