Etherum
ETHBTC showing bullish potentialDuring the selloff in crypto the last 24h, ETH have been one of the biggest bleeders.
All year, we have all been waiting for the triangle bounce, BUT something happened yesterday. ETHBTC broke the triangle trend most people have been watching for the last year almost without caring. With ETH crashing down I started to adjust the lines a little, and I found a new trendline which is a tiny bit different from the original we was watching. This line seems to be holding well, but it's not sitting there alone!
In Yellow on the chart we got the triangle with the bottom triangle trend I was talking about. In Purple we got the falling wedge (bullish), and in Cyan we have the strong horizontal trend we have been testing several times in the past. You see the thing they have in common? They intersect at the same spot, the spot ETHBTC bounced.
MACD is showing it's own triangle breakout in bullish direction, RSI haven't been this oversold in ages and the RSI bounced at the exact same spot as last time we went this low. See the horizontal line drawn on the RSI.
I'm hoping as people see all these trends, bullish momentum will return.
Feel free to share this with everyone you think could find this interesting. Votes and comments is much appreciated.
Take care and don't force trades.
BTC UPDATE! RISING WEDGE! TGT $6500BTC tried hard to break the diagonal resistance, tried twice with no success, and as you can see, painted a rising wedge.
Target is measured. I would try to scoop 6550, but with a very tight SL, because if failed - say hi to 5700. Good luck!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
DOGE! Inverse H&S. Target 0.0075
DOGE has some cool off finally and painted inverse H&S . The neckline at 65 , if broken, the target at least 75.
Also! DOGEcoin has been added to Poloniex! This is a very bullish news. twitter.com
If Coinbase will do the same, I expect it to cross $1 eventually
And yeah, September 5. Don't miss it!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
DOGE! SHOW MUST GO ON! LONGDOGE has been rallying since yesterday and made an impressive +30% gain this week. Meanwhile, BTC has only +6%.
DOGE is the only double-digit gainer among all cryptos, and it's understandable since it was added to the most popular trading app Robinhood , but the real reason for rally is an announcement of Etherum-DOGE collaboration which should occur on September 5
It will be a smart-contract and will be called " Dogethereum "
So, this rally is an accumulation before the big move on September 5.
ethereumworldnews.com
cryptoglobalist.com
You could notice that DOGE disconnected from BTC and went up, while BTC went down.
This is a very rare occasion for the crypto world and means that crowd is super bullish.
ATM, it painted a symmetrical triangle which is a continuation pattern during the uptrend.
Breaking 0.0032 should be explosive.
Get this little guy while it's cheap
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
CBOE Announces Ethereum Futures Is Coming Soon...Ethereum has been struggling to gain any momentum since the start of the year.
It had a 57% rally in April, but it has been all down hill ever since.
There are issues with scaling.
There are issues with mining.
There are issues with ICO's panicing.
However, today the CBOE announced that they will have a Futures market coming very soon for Ether.
There's a lot of controversy around the futures market and crypto as many of you know.
When the futures market was released for Bitcoin, the price has done nothing but go down from it's all time high at $20,000.
Let's do a break down of what to look for.
We can see that the fib levels are very respected on the monthly chart. It had a very strong bounce previously on the .786 and in April had wick to the .886 level.
When we look at the RSI, we can see that a swing low pattern is forming along with a symmetrical triangle.
I am expecting a break to the upside of the RSI as ETH hits the support level.
ENTRIES:
The Entry We are looking for is .038 - .039 with a stop below.
A second entry can be on the .886 level from .024 to .025.
Margin Longs are starting to climb again on Bitfinex, which could give us the catalyst for one more price drop to our entry zone.
If we see the .786 break and the long term diagonal trendline break, we may see a longter term bear trend.
I am working on a fractal I saw with Ethereum, but I'm not finished with my analysis yet.
Make sure you like this chart if it helped you and I'll be posting more analysis soon.
BCT! VERY QUICK UPDATE! UPBTC has a Cup & Handle on 1H chart. This is a real Mexican standoff, and price stall at diabolic 6666.01. Price should test 7050 - 7200 and this probably will be the last mover before the continuation of the downtrend
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC QUICK UPDATE! RISING FLAGHi, folks! I didn't post anything for a while, because previous targets remain intact and there is not to much I can add.
However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom.
As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which means that discounts are coming soon .
Up to how far it will go, we can break the neckline oh the H&S that I discussed previously, and it may lead to not just discounts, but the real Black Friday ( The target of inverse this H&S is 3700 )
The area between 6050 and 7150 is a real no-trade zone(NO-NO!)
You probably saw what happened yesterday with those who went long on pure FOMO disregarding TA. They got rekt and already under the water.
Patience will be rewarded.
Chears!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Etherum Classic (ETC) Great Volume... Additional Bullish Action!Etherum Classic (ETCBTC) has shown huge gains since bouncing from bottom on 14th August @ 0.001714, reaching today as high as 0.002317 with huge volume building up.
This can definitely mean the start of something. ETC is showing signs of additinoal bullish action coming.
We have the biggest volume on the daily candle today of all time, on Binance, with the exception of the 12th June 2018.
You can expect an additional 30% gain in the coming days/weeks, and even more additional bullish action if the cryptocurrency market turns green... Which seems to be the fact, since Bitcoin is preparing for a new wave up...
Check the comment section for my latest Bitcoin Trade Idea.
Thanks a lot for reading...
Namaste.
ETH, I feel it,It's time to BUY,soon.Hi my friends,
As you remember my last ETH Analyse i mentioned there that we will drop hard soon and i draw a H&S there that have target around 300 but we drop more and as i said we made a new low after ETH all time high.It's funny,last time that BTC made a new low in ETH we didn't have a same thing but this time before BTC even reach its last lows we made a new record in ETH.It's seems ETH's pride caused it to damage more.
But i pretty sure that this lows won't stay very long and we are close to reversal.
In chart i draw many blue lines that are ETH potential supports and i am sure it will bounce on one of these.I said this is but time in my title,maybe we go more down but nobody knows where is final destination and BTC next moves will change everything again but you have to be ready for buy ETH.Those who want it for a long term investment can buy it even sooner but short term traders need to wait and monitor BTC and ETH chart together for a creditable buy signal.In chart we have a similar situation like BTC.A important RSI zone,a broadening wedge.But in ETH chart i see a crash from my long term channel that is very dangerous,it mean in next BTC's move down we will have more vulnerability and emotional dump situation in ETH.So i suggest to be careful and if you want to enter trade don't forget a very very tight stop loss.
I will update this idea soon.
Good Luck
Peyman A
BTC UPDATE! POSSIBLE REVERSAL. THE DIAMOND AGAIN ON 1HHi, everyone!
BTC is in the bearish channel for 14 days and we didn't have any significant bounces that often can be found during selloffs like this. This is understandable because the selling pressure is ridiculously high . During the last 24 hours price formed a Diamond pattern that we talk about and traded previously.
Diamond is the reversal pattern and it might mean that this is a bottom of the right shoulder of so anticipated Inverse H&S .
The Diamond pattern must be traded ONLY upon breakout , but again, we are in the downtrend channel, so, the breakout from the diamond can't be taken as a good confirmation. Confirmation for me, if after an upward breakout from the diamond we will break 6550 and escape from the channel. If so, 7500 and 7900 are expected to be tested.
HOWEVER! Keep in mind that we failed to get out from the longtime downtrend and came back under resistance. This means, that you have to cut your appetite and don't expect anything higher than 7900 at least for now.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! H&S, 3700 ON THE TABLE. LET'S GO RIGHT SHOULDER? Hi, guys!
BTC has literally 10 red days in a row, and there was no support on the way down that would make it bounce. Now, we approached the main support line that has been tested three times this year, and as we know, if support was tested 3 times, on forth it fails almost guaranteed. We all were waiting for Inverse H&S, but it doesn't look legit anymore, however, it still not canceled while we over 6k.
Instead, we have left and right shoulder of H&S, and seems like we will drow the right one eventually. From one side, this is a scalping opportunity, but from another, it's can turn into DOOM for holders of BTC and Alts. We are about to have some breather, which will likely turn into the right shoulder. Watch for the volume confirmation. Measured target of this H&S is ~3750 which not just a legit target, but also, perfectly corresponding with a mean line:
s22.postimg.cc
Yes, 3700. There will be several spots that worth a try, as a green triangle that you can see at 5700, but this is the last that I personally going to try before mid 4k.
I called 3500 a long ago, but this is the first time when it's real target as never before.
Etherum has a target at 125, LTC at 48 even without H&S.
Not many alt's will survive, so you have to make a design while BTC is over 5700.
Be careful, and trade smart!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! H&S ROUTE HAS BEEN TAKENHi! My concerns about a H&S in my previous post appeared to be reasonable. The neckline was broken, measured target at 6550.
7K trying to hold, but if broken, we will go down hard and fast. If the price will manage to get back to 7400 today, we still have some hope for the cancelation of the pattern but my SL was hit at 7499, and I'm not going to go back without strong confirmation.
If you remember, the selling point was when it began to lose momentum and engulf and I hope you didn't miss it, so you can scoop more coins soon.
Watch 6800-7000 for the bounce, but no FOMO, because dead cats bouncing to, so make sure it's alive before entry
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! Hi, everyone!
BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close.
I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the direction for the next several weeks.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC URGENT UPDATE! DIAMOND!Hi guys! We had some correction during last week, and price found the support at 7500. BTC came back to retest the support and touch the downtrend line that we had since 13k and broke recently. BTC just formed the Diamond pattern , which is a reversal pattern . We also have an inside bar on the key support level , daily StochRSI under 40 and daily RSI ~50 which is perfect conditions for reversal.
BTC UPDATE! FUD, H&S and MOMENT OF TRUTH! Hi, everyone! Yesterday BTC got under the pressure of FUD, and perfect set up has been messed up. 7200 was my point of no return, but we bounced from it, made a rising double bottom and heading up for now. But the problem is, that momentum was lost and we got under one more resistance that will hold BTC on the way up. It's between 7600 and 7700. The bullish scenario that I posted previously remains intact if we will manage to close this daily candle over 7450 and chances for that is really high because we are badly oversold. RSI and STOCH RSI made a double bottom, oversold, and pointing up.
If we will go to that resistance ~7650, we should very carefully watch that level because if it will start to turn around at least a little bit - bears have a ground and 6380 can be on the table very soon because we have a big H&S with the target 6175 and neckline at 7265.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
ETH Analysis July UPDATE: Bubble Deflation Is Just Get StartedSo far my ETH/BTC prediction is playing out quite well. ETH/USD losses have been offset by the 32% increase in BTC’s value up from $6400 to the $8000-$8500 range. This has kept ETH/USD from falling to $350 or so from the 20% loss in true value.
Read the rest:
medium.com
DOGE! GETTING READY FOR LAUNCH! Hi!
DOGE has been added to the Robinhood , so everyone can buy it now and this caused a huge pump. The other reason for the intensive growth is Bitcoin, which is very bullish atm and trying to break MA200 . DOGECoin painted a bullish flag during the past week, slow and steady decreasing RSI to nearly oversold condition at all timeframes from 4H and lower. BULLSH RSI DIVERGENCE confirms the pattern. BTC has to make another attempt to break 8500, and most likely DOGE will launch synchronically.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! ON THE BRIGHT SIDEI think that my previous post looks pessimistic, while I'm actually not.
We have way more on the bullish side than on the bearish. BTC painting Inverse H&S that I mentioned here
The neckline right under the strong resistance line and breaking it not going to be easy. BUT! If we will break MA200 at 8500, we likely will see a very strong FOMO that may bring us to the target between 11800 and 13100(avg ~12450).
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE. Bottom confirmedHi, guys! Hope you like my last charts and you made money together with me :)
We have a lot of good news:
1) We found strong support ~5800-6000
2) We broke the longtime downtrend channel
3) We broke 6200 resistance
4) !!! We are approaching 4/1 Gann Fan that I talked about in my previous charts. It's currently at 6800 and breaking this level should bring an explosive rally.
5) RSI and MACD turned around and going up
6) Momentum went literally vertical
This is the worst time to be bearish :)
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
What trend are we looking at for Cardano?Unlike some of the other projects facing a possible addition to coinbases elaborated club of digital assets, Cardano seems to be less effected by this fantastic news. Why is that? It comes as a surprise to me. Does that sound like an "Ethereum-killer"? I wonder if the market lost its faith with this project. The roadmap sounds slow and only good in theory. Will the funds dry out before the ambitious plans will ever be realised? Or is it just the silence before the storm? Maybe this project is to science- and not enough business-oriented. University professors seem to be less under pressure than business guys like Larimer. And less efficient. But I might be totally wrong with my thoughts. Correct me, please!
let's talk about MACDEnding diagonal often mark the end of the trend
Ending diagonal often correct to at least fib 0.5
As price printed lower low, macd has been printing higher low, 3 times, one touch for every subwave
This shows how long "bullish divergence" can keep on going without producing a reversal.
It also confirm the diagonal triangle, in which subwave 3 and 5 are meant to have smaller target
Price action broke out of the diagonal in wave 1 and tested the upper line of the diagonal in wave 2
Producing a fourth higher low on MACD
Current wave i, has finally broke out above previous high on MACD and has now confirm that entire serie of divergence as a reversal.
So now the target for wave ii, should ideally leave macd in the positive and even better, not return under the upper black line.
That leave us, with either a sharp or short wave ii
Blue box would be best
The minimum target coming up next is fib 0.5 of the diagonal, then fib 0.5 of the abc.
DOGECOIN ADDED TO THE ROBINHOOD! 56% THIS WEEK. MORE COMING SOO
Hi! DOGE has been added to the ROBINHOOD , and now available to the general public, and right after the announcement, it was clear that the price will pump vertically, what we could see during this week. Rule of thumb - whatever is being added to the Robinhood or other major exchange being pumped impressively.
Twitter literally exploded with the bullish post, as well as all other social media.
Accumulation went up immediately and the price rose to 0.0023 to 0.0044 in days almost doubling the price outperforming every single crypto.
ATM it's painting a falling wedge getting ready for another spike up.
Stay tuned!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//