ETH 4H BUYETH 4H support is at ~$2700
Enter 50% here
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3340, $3680, and $3960
Cheers
ETHPERP
ETH Overbought - Corrective WaveCrypto markets have seen a nice pump in the past week, but ETH is currently overbought on RSI at the 6H, 4H, 2H and 1H, and has bumped heads with the long downward trendline originating at the start of December.
Medium term this may be the start of a big reversal that sees us heading back up, but in the short term I expect we will see this trendline acting as resistance and ETH to take a breather, stepping back to the 2750-2800 level, which sits between the 0.236 and 0.382 Fib levels.
ETHPERP SHORT ETHPERP SHORT on ETH on BInance
The same pattern like on BTC, If SL will be triggered I have 2nd entry.
LONG 2460 TARGET 4K and aboveare you aware of the 60 days dump cycle? if not google it or tweet, or just open your chart put up a daily time frame or weekly, you will notice that on average there's a 60 dump cycle on crypto. So what now? THAT CYCLE ENDS THIS WEEK AND MY BET IS THIS MIGHT BE A LOCAL BOTTOM. I'm not talking about capitulation which might happen between april and may, remember the sell in may say? So howw do we play this ?
First price is trading above 4hr pivot and 5 hr pivot , in in 2h we'll have the us open. I assulme that you have enough funds to play this so enter now 2 eth position size with stoploss around 1950. I know it's quite a huge stoploss but you have to play it safe. keep that stoploss until 6pm france time could be if we're still trading above pivot you will put your stoploss , i will update about it. so the play is long now but not much just 2 eth, then you'll add on the position in 4 hours;
remember risk managment is key; it's one hing guessing direction, almost everyone does, but actually trading the direction is another pair of shoes; my idea is to run the position up to 20 eth position size but i'll go slow and keep adjusting the stoploss , for now let's start small and go with 2 eth before us open
What ETH needs for an uptrendAfter the recent big dip, many people are looking across the crypto market for signs of strength, to get in on a potential big wave up.
In my opinion the key thing we need to see before anything else is a higher low, and to see how the price action handles a dip at this point. Will price bounce off a new higher low with gusto? Will it create a higher low and consolidate? These are the questions we need to see answered before we can really judge the strength of ETH or the crypto market as a whole.
Ideally bulls would like to see a small dip, followed by a clear pivot and strong persistent positive price action to break through the swing high. This would be a very positive sign that we can drive up toward the next area of potential resistance and beyond.
Until then, this could still be considered a bounce or small correction in the scheme of a large downtrend. Don't count your chicken before they hatch.
ETH short term tradePrice has been consolidating within a range.
The range low has been swept leading price to bounce.
The range high has also been taken out and is failing to push higher.
Price is likely to fall to a LTF demand zone (blue box).
ETH analysisPrice has been consolidating in a LTF range. Lows were swept, price dipped into 2D demand, buyers stepped in. Range high now also taken out.
Bull case - HTF close above range and we will likely push to 2D supply
Bear case - can't hold above range then we will likely revisit lows
ETH EXPECTATION IN THE NEAR FUTURE Technical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
btc longbtc long market is in downtrend so if we don't break indicated resistance assume a further downtrend. Happy trading
ETHPERP long into short.I think a small bounce towards the next resistance zone, so I'm taking a small long to sell for a short. ETH has been creating lower highs and lower lows for the past couple of days.
I'm only risking 1R both long and short.
ETH long:
Entry: $4085
SL: $4010
TP1: $4290 with 1% risk for 2.73R
After TP I'm going for a short with multiple targets. I expect some wicks towards 4300 in the coming day or two, that would be my entry.
Entry: $4323
SL: $4469
TP1: $4085 with 0,25% risk for 1.64R
TP2: $3932 with 0,25% risk for 2.7R
TP3: $3748 with 0,25% risk for 3.95R
TP4: $3618 with 0,25% risk for 4.84R
ETH - 5-0 Pattern with Reciprocal AB=CD @ 3,760
The final leg of a 5-0 pattern with reciprocal ab=cd. Keep in mind the pattern is still valid up to 61.8% retracement (projected 50%)
Per Scott Carney "Harmonic Trading Vol 2"
"The 5-0 is an incredibly precise pattern that possesses only two numbers – the 50% retracement of the BC leg and the Reciprocal AB=CD Pattern™."
harmonictrader.com
Not financial advice
ETHERIUM ANALYSIS (ETH PERP)I was waiting until now for ethusdt touch the 3950
which is the core of MPL of a serious FLAG LIMIT
I drew all stories of ETHERIUM
RED and GREEN lines are my favorite stories!
BLUE STORY may occur only if green flag limit ENGULFED by the price
& retrace up not to make impulse leg , to fall to the NEXT TRUE DEMAND!
that would be the whole DAILY FVG! (about 3,170)
NOTICE : 4640 is not touched yet (upper mpl)
I believe it will touch 10.000 at the close!
helped by priceaction and RTM & ICT METHODS & ORDERFLOW & SMARTMONEY CONCEPT
sincerely BEARBOURSE
Was That It For Bearish ABCD?www.tradingview.com FTX:ETHPERP
Was that small pullback it? Thats a big bearish abcd on the golden ratio. Waiting for now
Not financial advice
BTC needs to take some potty break before continuing up, but...Hello everyone, I am very busy today and have not been able to spare my time to publish anything until this late evening.
As of now I am in a long position, entering from 62500 since approximately 4 hours ago. I am putting a stop profit at 62800 (just right at the blue line below the current candle) which I will increase gradually as BTC hopefully continue its upward movement
I have put some markings to better identify potential entry points for longs and shorts. No they will not be precisely in that position, but you can follow the arrows to know where it most likely will be rejected (when they are near to support or resistance channel lines)
Ideally, I hope it will move like the blue arrow path, but most likely, it will move similar to the red arrow path, all squiggly along the current blue support channel line.
Is BTC continue going to be bullish? I am not sure, its a game of probability so we can only chart hopefully every potential path it may travel to. I personally believe a correction is imminent, considering we have been climbing up non stop for 3 weeks. But I believe we can still milk some longs before the drop happens (just make sure to always put stop loss upon entry and stop profit once u start gaining)
I will end my blabber here today since I need to run again soon for a nice weekend dinner with my family. Thanks for stopping by and considering my idea, hope it can help you in some ways.
Happy weekend!
ETH WILL BE PUMP SOONeth will grow. it is bullish in time frame daily.maybe bad news this sterategy will be postpone but eth will touch target
ETH MEGA BULLISH WARNING!!#ETH
4.062 KEY AREA FOR ETH
Confirmation if that breakout , and ETH will so BULIISH THIS YEAR
will get rejected by MA200?Hi traders,
ETH has been a channel. Now, it is about to hit the upper level of the channel. But because of the low volume and that the upper level is nearly same as the MA200, I believe it will get rejected from that level. In that case, I will stop loss if the price closes above MA50. Otherwise, I am gonna hold the position until the next support level.
Stay safe.
ETH 1H BUY & SUPPORTETH 1H support is at ~$3360
Try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3480, $3570, and $3720
ETH 6H BUY & SUPPORTETH 6H support is at ~$3180
Try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3320, $3490, and $3620
ETH 6H BUY & SUPPORTETH 6H support is at ~$3180
Try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3220, $3390, and $3520
ETH 4H BUY AND SUPPORTETH 4H support is at ~$3080
Try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3220, $3390, and $3520
Are Whole Numbers Legit?When you are able to observe the patterns that occur at whole numbers (in this case 3k) your trading will gain structure and stability so let me show you how I do it.
"Consequently, these prices act as a psychological line which work well as support and resistance." - DailyFX
It's not your fault when you have taken big losses in the past, you simply may not have had knowledge of how to trade around whole numbers.
Often times you get fake guru's or courses that teach basic material you can find online. It can be easy to be tricked by these losers, but not any more.
It is times like this that whole numbers matter. Soon when this bear market is over and we go bull you will experience a different type of price action around these whole numbers.
Trust me I I've spent many years in your shoes trying to figure out certain strategies, some I have mastered and some I can still learn more. This one, I'm pretty content with.
How does it work? Well, when you smash into one of these whole numbers you will see certain patterns form such as triangles/wedges/channels and often times price will depart very strongly from these whole numbers.
Again the trading environment at the time will decide what direction the breakout will occur.
It has been proven that large institutions and governements place there trades at whole numbers!
If you want to truly understand these levels to my level then it is only available through this mechanism.
