Ethusdtshort
ETH Nightmare ScenarioThis is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with it. I've seen this dump coming for a while now and was wondering what the news event would be to "cause" it (because everyone knows you can predict when the news events will happen by looking at the charts) - we got our answer with FTX. The "black swan" event that broke the market. Put your hands up and yell "Weeee!" all the way down the rollercoaster. Short everything for financial freedom and then get your money off the exchanges before they freeze withdrawals lol
📉✌ETH 2H Short Position✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
Between now and the yellow areas, you can open a short position in two steps.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
#ETHUSDT bullish breakout Channel Trade setup: Following a bullish breakout of Channel Down pattern, price rallied to $1,700, which is a stiff resistance area as it also lines up with 200-day moving average (SMA200). Wait for price to 1) break above $1,700, or 2) pull back near $1,500 support for a swing entry. If it’s able to break above $1,700, price could revisit $2K. Short- and Medium-term trends have inflected bullish as well. Breaking above $1,700 would also make a Higher High (above the swing high in mid-september), which would also confirm Uptrend. (set a price alert).
Pattern: Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $1,500 (previous resistance), then $1,250. The nearest Resistance Zone is $1,700, then $2,000.
ETH Fib Time/GP/Weekly SupplyETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some other critical pivot points in the past. Considering the major resistance that we are currently facing, there is a good chance we will see a retracement from here. I am starting to notice similarities between our current price action and this fractal, which I scaled up to fit. It would also agree with the idea of a retracement from here.
I also have a second scenario in mind, but either way I believe ETH will end up in the macro GP from ATH / last weekly fair value gap up in the 2400-2500 area. I will post the second idea shortly.
Fresh look on ETH for possible short in to 4H demand zoneHello traders, I'm back at the markets after a long walk in the woods to clear my head.
I'm looking for ETH to make a downwards move from the triangle supported by volume on 1H timeframe, afterwards we are looking to enter a short position on the retest of 1540 levels to ride the downside towards 1370 level (4H demand zone) with stops in place above previous spike upwards (at the moment 1561.5).
Patience is needed, we need to wait for the market to make moves before we enter, unlike in the morning where I got stopped out twice because I was impatient.
📉✌ETH 30Min Short Position✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
💥Three Drive pattern💥
between now and the yellow areas, you can open a short position in two steps.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌