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Ethusd-signal

BITCOIN - The Dreaded Update...Our last Bitcoin analysis caused quite the stir... Understandably those that are holding Bitcoin would want to see it moon BUT we would rather be cautious and mark out any other possible scenarios that may happen and would allow us to buy into Bitcoin more before it moons. Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat and so this 335 Flat correction appears to fit this bearish scenario. We are expecting 5 waves down for Wave C. The best place to enter Shorts would be once we make the wave 2 correction. We'll have a tight invalidation level present and have incredible room to drop, allowing us a big risk to reward ratio. Our bearish scenario invalidation level sits at around 74k. We'll remain bearish as long as we stay below that level. Once we see the wave 2 correction, we'll be sure to update you guys! Goodluck and as always, trade safe! See below for our previous analysis.
INDEX:BTCUSD
by WicktatorFX
9
BTC/USDT ANALYSIS UPDATE IN Daily 🎯Hi Friends 😚 As we mentioned in the Bitcoin analysis on February 2, 1401; After breaking its downward trend line, the price continued its upward movement up to the resistance level of $24,200 (Bearish ob), when the price reached this level, sellers took over the market and caused selling pressure in the market. which finally led the price to the support zone of $21,500 (Demand zone). This selling pressure caused by the price hitting the resistance zone of $24,200 (Bearish zone) can be considered as the first corrective step, this price correction has already hit the 0.382 Fibonacci FAN line, which is expected to be the entire zone. Fill the support (Demand zone) up to the 0.5 Fibonacci line of the fan. Despite the creation of this close price gap (FVG), which was also accompanied by a sharp price drop, the probability that the price will enter the yellow area of the FVG is very high, and then the price correction will continue. How far can this price correction continue? The price correction will continue to be in the correction phase until the daily candle closes below the floor of $20,400. The floor (pivot) of $20,400 is considered as a strong pivot because it was able to create a higher ceiling than its previous ceiling, which will definitely be under strong selling pressure again after breaking this price level. Therefore, with the support of the price at the levels of $21,500 to $20,400, the next targets of Bitcoin are expected to be $23,200, $23,700, $24,000, $24,200, and $25,000. If you look at the weekly time frame of Bitcoin, this price drop after breaking the downtrend line is forming a pullback to the trendline and static support area. Arztoday Team 💙 Analyzer ✍: AR.Rashidi
by arztoday
18
ETHEREUM - Watch This Zone! 🚀Similarly to Bitcoin, Ethereum is approaching a critical zone where we'll be looking to buy. We require the current wave to move lower than the 3rd wave completion (900) for it to be a valid wave 5. However, in the rare (very rare) cases, it may be a truncated wave 5 where wave 5 doesn't create a lower low. Trade Idea: - Watch for price to move below 900 - Once we're below 900, watch for bullish reversal signs such as trendline breaks, BOS - The invalidation level is 350. The closer we get to 350, the smaller SL we'll be able to use - Targets: 4500, 5600, Manual exit rest of position Goodluck and as always, trade safe!
by WicktatorFX
5
ETHEREUM - Here's What To Look Out For 📚Ethereum is in a massive ABC correction. We are now in C wave which is broken down into 5 waves, which follow the impulse schematic of Elliott Waves Principles. We are currently on the 5th wave, which is also broken down into 5 subwaves (red numbered brackets). We are currently on the 3rd SUBwave and expecting a 3rd minor wave lower. Trade idea: - Watch for the 2nd minor wave correction to breakdown (red trendline break) - Enter with stops above the correction - Targets: 880, medium term target of 700 and then 600 When we're on the 5th SUBwave, we can look for any reversal patterns to get in on the next bull run! See below for our last Ethereum analysis which played out perfectly
Editors' picks
by WicktatorFX
62
ETHEREUM -Reversal Pattern Forming 🚀In our last post we identified that we're in the final 5th wave. This wave has 5 subwaves. We've seen wave 1 and now we're in wave 2, which is a correction. Expecting wave 3 lower. Trade Idea: - Watch for wave 3 to break the red trendline for confirmation - For a risk entry, watch for a rejection of lower timeframe fib levels or lower timeframe trendline break or BOS - stoploss should be above the correction once the red trendline breaks - Targets: 890, 800, actively manage the rest Once we're in the 5th wave, we can look for possible reversal zones and ways to confirm that the reversal is happening. Make sure to keep a look out for the updates! Goodluck and as always, trade safe!
by WicktatorFX
7
ETHEREUM - 5th Wave Madness ⚡️Ethereum is in a bigger ABC correction and we are now on wave C, which is made up of 5 waves. We are finally in the 5th wave and this is where the madness begins. Where is the bottom? Do I buy now? Should I short once more? There will be crypto sceptics shorting Eth believing this is the end of Ethereum and on the opposite side, loads of bargain hunters buying it at a discounted price with the hopes of making stacks when the next bullrun starts. We've all heard the saying "Fools rush in" - in this situation, let us not be fools. Lets wait for the market to give us a clear indication that the bottom is in place and the reversal is coming. The way to do that is very simple: Count 5 waves down and draw a trendline when possible. Once that's in place, its a matter of waiting for the descending trendline to break and gain an entry. It won't be a sniper entry but it will be safer than calling the bottom. Goodluck and lets trade safe!
by WicktatorFX
19
ETHEREUM - Clear Correction Completion 🤩In Elliott Wave, the C wave usually has 5 waves which follow the impulse schematic, which is: Wave 1 = 5 waves Wave 2 = 3 waves Wave 3 = 5 waves Wave 4 = 5 waves Wave 5 = 5 waves We can see that we're on the 5th wave now. The 5th wave is also subdivided into 5 subwaves and we are currently seeing subwave 4. Expecting one final move down (subwave 5) to complete the overall bearish ABC correction. In our last ETH analysis, we were expecting the subwave 3 drop and and subwave 4 correction. We can see that we're on the verge of dropping for the final time. SHORT Trade Idea: - Watch for break of the red ascending trendline to indicate the 5th subwave has started - Stops above the recent highs once price breaks down - Targets: 800, 700, actively manage the rest The bigger trade would be buying Ethereum once we've completed this correction. Will keep you guys updated once this bear leg is over! See below for our previous Ethereum anlysis. Goodluck and as always, trade safe!
by WicktatorFX
17
ETHEREUM - Double Divergence! 🚀What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should be cautious when trading in the direction of the trend and look for countertrend/reversal trades. How to identify Divergence? When price is making lower lows, MACD (or RSI ) will show higher highs = Divergence. (Vice Versa) We can see that we have divergence on the bigger bearish wave indicating that there's a reversal coming soon. We also have divergence on the current 5th bearish leg, also indicating that there's a reversal coming soon. We are currently on the last legs of this bearish wave. Looking for one more correction for a move lower before we start the next bullrun. Trade Idea: - Watch for a correction for subwave iv - Enter on break of correction with stops above that recent high - Target: 1200, 1100 Please note that the above trade setup is a short trade. The bigger trade will be the reversal trade. Will update this chart when its ready! See below for our last few ETHEREUM analysis.
Editors' picks
by WicktatorFX
47
ETHEREUM - Bigger ABC In Play 🌟In the first half of 2021, we saw a major impulse from Ethereum. We then started to create a bigger ABC correction, indicating that we are on the right track for another massive impulse. Although we are seeing major weakness at the moment, we should still remember that we have a very strong structure level at the 1700 - which was tested 3 times! We may see a reaction at the 2800 level but the better place to enter would be the 1700 region. Goodluck and trade safe!
BITSTAMP:ETHUSD
by WicktatorFX
9
ETHUSD💲Sideways range at $ 4800?❗ETH followed Bitcoin for a slight correction. In the future, I expect to break through the center of the delightful channel and hike to 5000. The total market capitalization of altcoins is slowing, picking up momentum after the breakout. We will see a slow upward movement in the altcoin market cap. Altcoins will give a good rally when BTC stabilizes in a range after this rally. Follow our forecasts to keep abreast of developments! Have a nice trade! Your Solldy.
BITSTAMP:ETHUSDLong
by Solldy
3
ETHEREUM - Going Sky High Soon! 🚀Ethereum has been one to watch recently as it been making really clear impulses and corrections. We recently broke all time highs. Its natural for the market to have a brief relief period (correction) before the next impulse. The best place to look for buys would be the bounce off the ascending correction. Trade Idea: We have the red ascending trendline to indicate when the impulse has ended and when the correction has begun. Once the correction begins, look for shorting opportunities back to the ascending trendline. Once we're back at the ascending trendline, look for buys and HODL!
by Altsignals
3