Ethusdlong
Dump over? Eth bounce soon?Eth has fallen into major support and almost into the golden pocket of the current trends fibonacci. It may take a week or 3 but I think this is the bounce zone. There may be a wick or two lower but fear is so high (15 currently) I don't think we will spend too much longer here.
Maybe I'm a stupid contrarian or maybe we're establishing higher lows before the next leg in the bull run. Extending cycles, diminishing returns - yes. Bear - no. This kind of extreme fear just makes me more bullish, the FED scared the markets but it won't last forever because the FED isn't ready to give up their profit creation machine of buying debt through one door and selling it through another, they will continue to buy assets and "tapering" will continue to be as scary and unreal as big foot. When sh*t hits the fan we will not be asking "is this a bear market?" - we will know for sure. At least, that's what I believe.
My strategy is simple, buy fear, sell greed. There's more to it but that's it's most simplified form. When the whole world is calling for a market crash and saying "crypto is ded", I think - "not yet" and look for buying opportunities. There's no question that the markets are beyond inflated and the system is beyond screwed but remember "the market can stay irrational longer than you can stay solvent". We're probably not Micheal Burry, able to hold tesla shorts from 730 without concern.
We have to trade the market we have and currently the market is a crazy circus and dumpster fire at times but it's the market we know and love lol. I say all this because I don't want you to see my long theories and think I'm ODed on hopium. I know sh*t is messed up and getting crazier BUT its NOT over.
I believe we'll be rallying by the end of the month in crypto and maybe sooner in the stock market. I put Astro before my name because I study astrology too in conjunction with TA. We're currently in a Venus retrograde period that seems to be really causing a lot of fear, tension and feelings of despair and hopelessness in people and thus the market. She goes direct at the end of the month (the 29th) and will spend weeks conjoined to mars as they move through Capricorn (a sign connected with big business, gov'ts, institutions, banks etc). On the 18th there's a full moon in cancer opposite the planet Pluto (still a planet to me ❤️🩹). I think there could be some major dramatic world events like revolts breaking out in some countries (like is happening in Kazakstan now), possibly some corruption coming to the light between businesses and governments or any number of things that might piss people off on both a micro and macro scale. Its obvious people are getting more and more fed up with the system and the powers that be and THIS will push people INTO the markets.
That combined with the FED being concerned about inflation are ironically BULLISH. The gap between rich and poor will continue to be made greater and greater until a large mass of people stand up against it. I don't think we're at that point yet, we're at the point where people want to take matters into their own hands to bring MORE security. Inflation is robbing savers and many of them are realizing that's true, looking into investing and trying to learn. Crypto is hot and trendy and ETH has the network effect.
I do think the rest of this month could be hard and or boring but we're headed into a bounce IMO. The geo-political landscape is pushing people to figure out alternatives and still less than 5% of the world owns crypto. This is a bit of a rant and I apologize for that but the uptrend has not been broken for eth or the asset class as a whole. As long as the stock market keeps going up, so will crypto. Maybe someday crypto will deviate from the stock market but that's a thought for another time and may never happen. The FED does this same thing where they say they will taper, the markets freak out and they buy the freaking dip. I bet the FED is eating this up and of course it's affecting crypto too because it's the most emotionally volatile asset class.
So when I see 15 on the fear and greed index as ETH falls into it's golden pocket - I get bullish as hell
stay safe and frosty fellow traders and travelers ✌🏻 don't let the man get you 👁
ETHUSD dip and long..Don't forget to click on the follow button for more daily detailed analysis. Also, should you have any questions please do ask them,
Here we have our ETHUSD chart.
We are looking long after a small dip on the SMALLER TF's. This is to get our entry right.
Price action is a great thing when used correctly..
Exit at the eclipse symbol price zone.
Ethereum: Intraday Dip BuyingEthereum - Intraday - We look to Buy at 3712 (stop at 3636.0)
We look to buy dips. Previous support located at 3700. Intraday signals are mildly bullish. Previous support at 3900 now becomes resistance. Further upside is expected although we prefer to set longs at our bespoke support levels at 3700, resulting in improved risk/reward.
Our profit targets will be 3898 and 4090
Resistance: 3900 / 4000 / 4100
Support: 3700 / 3600 / 3500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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ETH Buy at 0.618 retracement.Ethereum - Intraday - We look to Buy at 3661 (stop at 3574)
Daily signals are mildly bullish.
We have a 61.8% Fibonacci pullback level of 3660 from 1706 to 4868.
Buying continued from the 61.8% pullback level of 3660.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 3897 and 3947
Resistance: 3900 / 4000 / 4100
Support: 3760 / 3700 / 3660
Ethereum buy the trend of higher lows.Ethereum - Intraday - We look to Buy at 3861 (stop at 3779)
Daily signals are mildly bullish.
The trend of higher lows is located at 3850.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 4088 and 4148
Resistance: 4080 / 4120 / 4180
Support: 4000 / 3900 / 3800
ETH - I love how it looks right nowShort term ETH looks like it is ready for some upwards movement. At least for some short squeeze or dead cat bounce before another drop (in correlation with BTC dump, if it occur ofcourse).
- back to trendline (dotted trendline untouched since breakout) ✅
- oversold condition on Stoch RSI on 3D & W chart ✅
- back above RSI trendline ✅
- big wicks on W chart for every drop ✅
ETH/USD: Climb Higher Could Spark Risky Speculative WagersETH/USD is trading slightly above the 3800.00 mark as of this writing. In yesterday’s trading, ETH/USD stumbled to nearly the 3715.00 level, before it sparked a reversal higher. However, ETH/USD remains within the lower realms of its one-month range and is still below mid-December trading realms. As the New Year begins its markets trading, speculators will have a difficult technical question to answer regarding their perceptions.
The broad cryptocurrency market remains under pressure when looking at the past week of results. Cryptocurrency is not affected by closures of markets like many financial assets. Speculative wagers continued, and weekend trading has certainly affected Ethereum along with its major counterparts. ETH/USD is in the midst of a rather intriguing value and, if support is challenged below, it could spark nervous sentiment.
The 3800.00 may be thought of as a fake psychological barrier by some technical traders, but if ETH/USD once again falls below this depth it could be a bearish signal. From the 29th of December until yesterday, ETH/USD continued to trade below the 3800.00 in a sustained manner. If the current price shows weakness again, traders may perceive yesterday’s late reversal higher as a temporary move upwards, while suspecting additional selling may be demonstrated.
The level of 3775.00 should be watched by traders. Some aggressive sellers may decide this ratio is take profit vicinity if they are shorting ETH/USD, but to do that they would need to be using a conservative amount of leverage to make sure that trading moves in the wrong direction short term does not knock them out of the game. Resistance levels above around the 3840.00 to 3850.00 levels could prove to be difficult for ETH/USD to penetrate. And until ETH/USD moves above the 3900.00 level and maintains value above this juncture, the cryptocurrency could be perceived as remaining within a bearish mode.
Speculators should be careful with ETH/USD as the potential for additional volume creeps into the market, if institutional traders do decide to get involved. Stop loss and take profit ratios should be considered wisely, because volatility may grow near term. The broad cryptocurrency market continues to display signs of selling pressure and ETH/USD has not escaped this shadow. Traders should not be overly ambitious and if their wagers are profitable, cashing in winning positions would likely be a good decision if they are produced.
Ethereum Short-Term Outlook
Current Resistance: 3847.00
Current Support: 3774.00
High Target: 3910.00
Low Target: 3694.00
ETHEREUM - $ETH/BTC - DeFi Frenzy Overtakes Crypto MarketDeFi Frenzy Overtakes Crypto Market
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
Decentralized finance
If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.
Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.
As you scroll down the list at CoinMarketCap or CoinGecko (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.
Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.
So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.
In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.
Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.
Beyond the hype
Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.
When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called yield farming?
In 2008, Satoshi unleashed the BITCOIN whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.
When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is really on to something this time around.
Projects to watch
DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another shitcoin roulette, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.
As with anything in the crypto market, do your own research before swapping precious BITCOIN or ETHEREUM. But, there's gold in them there hills.
Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.
DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.
Scaling these applications for the most amount of people? Celer and Matic have you covered.
Finally, what about strict DeFi applications themselves?
Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.
There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded.
To gain access to Stacked's Free DeFi Index, click here
TECHNICAL ANALYSIS
#ETHBTC : I'm LONG/ BULLISH position up until Wave (3) . I expect that $ETHUSD will upside.
This would mean that ETH will gain more 250% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
ETHUSD moving upDon't forget to click on the follow button for more daily detailed analysis and Please ask any questions should you have them!
Here we have our ETHUSD chart.
WE looked long previously and escaped at our targets. We are still looking long with further room to go.
Alike to BTC market sentiment is reasonable and will help move our trades.
Use correct RM on HVA's they can move FAST.
ETHUSD to riseDon't forget to click on the follow button and ask any questions should you have them!
Alike to BTC we are looking long after last night's fall. This is because price fell to KEY technical zones. We like trade in line with markets.. This means getting IN when prices are low enough..
Times like these create great opportunity to join the NEW trend.
Price direction is noted by directional arrows.
ETHUSD: Don't Miss the Impulse 🚀If we can breach this main supply we could have a strong run-up towards the seller stops.
Price has done what it needed to trap and create liquidity.
Do you think this bull run has potential? 🐂
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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ETH/USD: The Corrective Move reacher an Interesting Level!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
The market is currently in a corrective move and reached an interesting key level just around the 0.50/0.61% of Fibonacci retracement.
The corrective move formed a clear descending channel with a trading activity balanced between the higher and lower value of the channel, usually a sign the trend is not really strong.
A future price action on the higher value would give us a good possibility or trend change to the upside.
When, where and why would I step into the market?
Before entering the market, I would be sure that the price will completely leave the current descending channel, changing its perspective from bearish to bullish.
At the moment I will not take any action on this market but I will definitely keep an eye on it.
However, the market could still continue its movement to the downside for a while, keeping the price inside the channel. This scenario would invalidate this trade idea.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
ETH Turning PointBased on Market Cipher B on the weekly and the fact that we tapped the golden pocket down here and we held this bottom trendline, it appears to me that we have found bottom. Both the VWOP and the RSI on Market Cipher have started hooking upwards with this new weekly candle and things are starting to look up again. Our last confirmation will be the coveted green dot, however I wouldn't wait for it to put a long in or you'll probably miss a lot of the move. I have limit orders set all the way down into the 3600s to back up my long position in case we do happen to find some more downwards movement, however I expect this area to ultimately hold as our next local bottom/beginning of the next impulsive wave upwards
ETH/USD: Starting a new channel! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market left the previous channel and it seems it’s starting moving inside a new ascending channel.
The chart is clearly showing the main trading activity on the higher value of the channel, typical during an uptrend, so there are good probabilities to see a trend continuation to the upside.
When, where and why would I step into the market?
Before entering with a long position on this trade, I would patiently wait the price going back to the lower value of the channel, getting a confirmation as a rejection on the dynamic trendline.
A strong rejection, would be a clue of good demand on that level, and I will be looking then for a good entry point with a RRR of 1:2 or greater.
My SL would be just below the potential low on the bottom of the channel and I will manually deal with my TP with a target just around the higher line of the channel.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose