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ETHXBT

ETH/BTC daily outlook 7/5/2020Hey everyone! Welcome to my analysis of ETH/BTC on the daily time frame. I havent paid alts much attention but I decided I would try to keep things fresh. If you want me to chart an alt let me know and I will add to the list. Its already a pretty long list so bear with me folks. Im just trying new things. ETH has had a lot of momentum behind it lately. Traders and long term investors seemingly are wanting in before the incredible "Ethereum 2.0" arrives on the scene. I am not the most technical guy and Im bad at telling people all the reasons why this will make ETH a better platform but it is causing a stir that is driving up volume. Typically when big things happen it can stir up interest in the coin and cause the volume to rise. Especially around a coin as big as ETH. ETH is the 2nd biggest coin in terms of market cap and at one point it was thought that ETH may rocket to the top of the charts. While that has yet to materialize we can see that ETH may not be so locked to BTC movements for the near future. I have seen many periods where ETH is almost a carbon copy of BTC movements. This may not be the case as ETH has a lot of hype around it at the moment and as a result may move differently than BTC. Now looking at the chart I notice that we are in an obvious triangle pattern. Consolidation is what I call it. We are coasting along here at the 225 USD (.025 BTC) which is pretty much par for the course lately. We have seen some swings but for the most part have remained above 200 dollars. This is the ETH/BTC chart and its much different that the USD chart. Most alts I tend to use the BTC pairing but with bigger ones like ETH traders use the USD chart too. It doesnt look as bullish to me on the USD charts as we are really testing the daily 50 MA and the top border of the daily cloud. If that can hold we may see that jump that looks pretty evident on the ETH/BTC pairing (not so evident on the ETH/USD pairing though) We could still head into the daily cloud on this chart if we cannot escape the pattern and soon. Tonights weekly close will almost certainly be above the weekly 50 MA but well within the grasp of the weekly cloud. To escape the weekly cloud and create the fomo that traders love to see I think we need to see ETH in the 280 + area. I could be wrong but if it got up to that point fomo can take it to some scary heights. If that ever does happen make sure you are near your CPU. Take that profit before that wick shows up. I know I went back and forth on pairings through this analysis but the ETH pairings are the only one I typically do this with as the USD and the BTC pairings are both important IMO. But with any alt below ETH I stick with BTC pairings. We still have plenty of support below us so even if we do head south I dont think it will be a free fall. But you need to be prepared for anything. Right now ETH/BTC looks decent but we all know how crypto is a heartbreaker. Dont get caught without a stop loss. I will start doing one or 2 alts a week to start off with. I will still do BTC as well. I will see how this goes. I hope you understand I get a lot of requests and Im listing them as I see them so I will do my best to do them in order I receive them. I will likely do the daily time frame unless you specify a time frame with the request. Thanks and have a good one everyone! WTFDIK
by UnknownUnicorn4304403
ETH.XBT P-Modeling Pt X.1 Shadow Cajuns with Matrix Vectors<<>> Welcome Hyperspace Agent. In Order to Evolve... Lets take a walk on the wild side of Hyperspace.. Trying some new constructs. Fractal Shadows with attributed spin/linear networks. Nestled shadow Inverted Cup. Mirror Outliers. Would love to be wrong. Would love to be right. Failure is a necessary component of success. Be fluid like water. _______________________________________ Ask yourself.. Is the Cat Alive ? or Is the Cat Dead? Or do we hang in the balance between suspended animation and the ideal that being alive and dead is acceptable? Laugh now, cry later.. Thoughts to Ponder in these crazy times, Thanks for Pondering it with me, Glitch420
Short
by Glitch420
8
ETH.XBT P-Modeling Pt X.2 Shadow Matrix with Cajun Vectors Welcome Hyperspace Agent, This is continuation of PT X.1. Technical Protocols Found: Two Inverted Cup & Handles: Nestled, Equalized, and Critical 010 at their focal points. Anchored By Shadow Fractals, supported by the geometric linear matrices.. Root Wave Structure : Inverse M Wave. Formation A-1. {00-1-2-3-4-5- / 00-1-2-3-4-5} String Harmonic Sequences Supports link and junctions. = Levels defined. Focal Points: Collapsed between Nestled C&H's; Shadow Anchored Equalization = Extreme Probability for Fractal Execution. Follow the white fractal. The only change is IF it is to being shifted, known as 'fractal error'. Fractal Error was noted at 3 days. Fractal laid within 3 days of error. Goal is nailing the timing. Seems I was off by 1 month from my initial April 20th, prediction. Nothing has changed. Would love to be wrong. Would love to be right. Failure is a necessary component of success. Be fluid like water. _______________________________________ Ask yourself.. Is the Cat Alive ? or Is the Cat Dead? Or do we hang in the balance between suspended animation and the ideal that being alive and dead is acceptable? Laugh now, cry later.. Thoughts to Ponder in these crazy times, Thanks for Pondering it with me, Glitch420
Short
by Glitch420
4
ETHUSD Huge Profit Update and our Targets Achived#ETHUSD Huge Profit Update: now ETHUSD trading above $173. #ETH finally Hit $177 and Very near of our 2nd TP. hope you very happy. now 2 scenario please check in Chart. if retrace men posible then we can see again around $150. But if not Retracement then we can see our Above Targets $230. I booked huge profit at $176. Support: $148-$154 Resistance: $230 Keep an eye on our every chart. Please like and follow me for latest crypto updates. Thank you
BITMEX:ETHUSD.PLong
by CryptoPatel
2
Ethereum facing a rally towards $360 and maybe more? Disbelief. Ethereum (ETH) made a nice new higher low at $120 earlier this year, which was the first time since the whole bearmarket. Are we out of the bear market? I guess we are. What do we expect from here? We should be making a wave that’s creating a higher high, just like Bitcoin did with the $14,000 move. So, what hurdles do we have? First of all, we’re aiming $220 as significant resistance here. If we flip that level for support, we can aim for $360 as next major resistance. Whether or not we clear it in one go (or consolidate for a few weeks) doesn’t matter that much, I think we’re breaking it pretty soon. (if hard rejection -> retest $120 is the bearish story) Going towards $360 would be the next test. Clearing $360 and we aim $500 & $600 -> disbelief. Will be posting zoomed in charts pretty soon.
BITFINEX:ETHUSDLong
by CryptoMichNL
5
ETHBTC Technical Analysis BullishETHBTC Now Looking Bullish as according to Technical Analysis. ETHBTC now Current Price is 0.021712 BTC. Now Price struggle at Resistance Level at 0.0220 BTC. Moving Average and MACD also looking Very good. Support 1: 0.02070 BTC Support 2: 0.019700 BTC Resistance 1 : 0.02470 BTC Resistance 2: 0.02988 BTC What Now: if Price breakout above 0.022 BTC then We can see upward resistance. otherwise we can see some retracement till 0.020700. keep an eye on every updates so please like and follow me for latest updates of crypto. Thank you
Long
by CryptoPatel
#Eth GROWTH will continue. What are they waiting for now? (BUY!)Colleagues, welcome everyone! January 11th post update: The previous analysis worked, took 2 goals, I attach the schedule below: The price shows quite aggressive growth dynamics, breaking through the globally downtrend trend line. All this is supported by a pronounced interest with an increased increase in volumes. The Macd and RSI histograms indicate a price reversal. The wave structure also indicates continued growth. I can not note that altcoins are superior to Bitcoin in growth. We have not seen such a phenomenon for two years. If this rally continues, we will see confirmation of strength in the crypto market. In connection with this, after the correction, I expect continued growth to these goals. Cancellation of the script will be a break and consolidation below the level of $ 151. Good luck to everyone! P.S. Link to my telegram channel in profile status, or contact private messages *:
BITMEX:ETHUSD.PLong
by ScarletFlower
ETHXBT | 28 Day Swing Trade +11%Longest Position I have held aside from hodling. I wanted to take profit so many times and my emotions would get me anxious to take profit. But i knew that i needed to stick to my TA and not my emotions. Ive been down that road so much and ive gotten better at managing it and because of the progress i made in managing my emotions i was able to hold this position for what i consider a long time. It paid off very well for me and i hope to continue to make more trades like this one! 28 Days My PA Signal (yellow ellipse) Entry Price: 0.02147 Stop Loss: 4-5% Exit Price: 0.01895 Profit: +11% Short Signals Tweezer Top/ Bullish Engulfing Break of a Trendline Lost the 50% Fib level as support 21EMA, 55EMA, 89EMA Looking to short again if price continues further down. My profit taking areas are within the gold box and the green box . Weekly Chart looks awful and so does the daily. Moves are weak to the upside lots of shorting signals so im going to continue looking for short opportunities Algorithm on the Chart: Gods Eye 2.0 @TrueCrypto28 Blue: 21EMA White:55EMA Yellow:89EMA Yellow Ellipses are areas that i marked that support my short bias. 1. Tweezer Top/ Bullish Engulfing at a prior area of resistance. Slow grind up into resistance 2. Price goes below the 3 EMA and wicks look to me as resistance 3. Price was either going to break above 21EMA or wick off as resistance. Price is currently in an area of support looking for a LTF setup for my next trading opportunity. Im only looking for longs in the gold or green boxed area if price reaches that far it may not.
Short
by ohferm