short with a buy stopi expect this movement to be a slowly decreasing line, down to around $1400
a sharp spike up to make it a healthy market.
then followed by a strong bear market.
We might receive a nice $30-$60 increase from this area but further downside is expected if we ever want to hit that new All Time High.
Ncard137
You all ready for thisLets talk about a healthy market. In a healthy market we cant expect 100% all the time what goes up must come down.
I could be posting this to have the market prove me wrong, by watching what i post and going the opposite way.
but with such a strong increase we almost want bears to come out and take this down a notch only so we can watch the bull market fire back.
one of my favorite videos is listed in this link about bitcoin.
click it or dont click it but its pretty damn funny and the way of the market
www.youtube.com
same video with the share link
youtu.be
Lets get into APE shitSo the coin is similar to a Meme coin but has a backing by what we call WHALES. Ape will be used in the metaverse and is used for governance to control what the future of the people who have millions of dollars to spend on pictures of apes. It has the similar potential as doge coin but as for doge coin there are not whales backing the meme coin only the lucky ones Like the millionaire who wouldnt sell at the peak. So we have a new coin to keep and eye on it has a high of nearly
$27 and it is currently at a $5 coin.
As any trader could look at the coin it has a potential for a 4x minimum gain this upcoming bull market. so keep and eye out.
we may see a crash along with BTC and ETH these upcoming months but its a good idea to have a eye out for any potential 400% gains on the sideline
Millionaires don't let their coin go to 0 so play along with the pump and dump.
good luck and have fun with it.
still following the ruleI'm still going with the same pattern drawn out over a week ago. For a healthy retracement its typical to see the .618 get hit before any major movement.
always a chance of pushing upward a bit but just to snag some stops.
in my last post i posted about having a buystop above $1680 and i removed mine knowing that ETH has a tendency to follow the pattern snag those stops and then run away with the money.
and i find that when i post it has even more tendency to hit those exact numbers i list then again run the other way so i pulled my buystop, and im waiting for a lower buy.
Maybe ETH will push to $1587 then continue downwards but now eyes are on other coins moving around.
Like any other altcoin bitcoin tends to control a majority of them but i am looking into a scaling in on a coin MINA/USD.
Nearly 33% gains in 24hrs, but a lot more potential. We all can agree ETH will reach new highs in the upcoming years but these big coins need some retracement to keep them as stable and reliable as they are.
Have fun with it, be smart and know everyone's trading with the same rules..... except FTX
For fun lets say its shortgiven the title.... lets say were in the green box.... do we expect years for the government to get their digital dollar together before take off?
what if this is completely incorrect and we are expecting a (Inverse H&S) in a smaller timeframe to $1070?
do we expect support and a push to $1600? before the drop?
what we know for sure is.... keep buying crypto even in the bear market but be smart about it, your profits will be more in the bull season
for that sweet sweet $10,000ETH price point
Just an ideapredicting the future isn't always easy.... but this is my insight on the ETH game
always a potential to drop lower but were seeing fairly strong support around $1100
i assume it will head towards $1600 again just sort of $1600 and retrace back to $1300 before up to $1750-$1770
then we could see the drop to $600 but lets watch the chart and see where this goes
I hear the US is looking to create their own digital currency through the news, and when the news starts talking shit on crypto is always when its the best time to buy crypto
example....
BTC $139 the news said this is worth nothing.... then it hit about $17,000 in a few month
the news laughed as if its a joke like oh i wish i would have bought bitcoin even though they are the people telling everyone to not buy....
welcome to the new era
When you wish upon a 2017 starso $1622 could be the next stop but we most likely see bears take over for a bit at this quick of a increase in price
$1475 was ETH ((ATH) All Time High)) a very important level to be breaking through.
take a look at the 24th-26th of May 2021 where we have $1000 increase on $1800 we could be seeing something similar in a pattern that may continue to push upwards to $1689 where the thick black trendline pushes downward for a 3rd touch, before the retrace happens.
keep in mind it could be another bull flag but
i doubt well see the full bull run come within the next months; anything is possible.
typically when we have this big of a leg up expect a retrace to level out the market.
$978 would be a nice support for a low-low but we see strong support on the black line coming up around $1240
scalps are a great way to make some profit, and its better then holding onto those long positions that you can always buy back into.
everything comes with a grain of salt so do you own TA
just TA not FA.... and have fun with it.
Support or ShortThe market has been moving sideways with strong support around $1280 and $1240, but i have a feeling those buyers will be selling off with their profits while the FED like to slaughter all bulls anyways.
I believe the market will continue downward momentum with no strong volume. Next stop could be $1200 for a small correction followed but a bigger red candle down into $1087 before more support.
if it manages to push upward past $1320 consider a scalp at $1340
but a stronger push would lead to $1400 before stronger resistance.
Just TA not FA
support around $1280 and $1240
Next stop could be $1200 for a small correction upward
bigger red candle down into $1087
overall short
how low can you goexpecting a drop to $1100 or so.... some money trapped up at $1600
but holding until the retrace... currently expecting a heavy drop possibly down to the yellow circle and a wicked retrace for inverse H&S
if not sideways movement for quite some time.
keep in mind if it drops fast there will be some good scalping opportunities for the move back up to keep a legit market
TA not FA
RetraceThe orange oval is what we wanted to happen and it followed the push up with Bitcoin…..
Now we can expect a push down until the yellow circle around $1620 for a scalp retrace to $1720
IF we see it drop below $1690
IF not we can expect a push up to $1922 or a bit higher with a break of $1810ish
Indecision but bearishWe see indecision on the DAILY, this is the 4 hour but if we decide to get a bull run I expect possibly to $1720
Currently going with the bears on this one could see
Reversal @ $1430, $1350 or as low as $1000
If we go bullish I except to buy over $1660 and a push to $1720 before strong resistance….
Just TA not FA
I apologize for the messy chart just a way for me to see support from years ago
Break with no volumeI expect the price to retrace to at least $1450 again before take off. Although when we reach $1450 we could see a continuation of a drop in price. If we break $1620 we could see a surge in volume and the price sky rocket up. But for now we know the price hasn’t been able to break $1620 yet, it is moving sideways and if it inches above that price we will keep an eye on the move upwards, until then just hold onto your cash unless your trying to scalp.
Remember year 2018 May-June and take a lesson from it, the merge may make the market react different but patterns have a tendency to repeat themselves
Forgot to publish (Scalp)This was my idea yesterday, I forgot to publish. Obvious H&S breaking the uptrend channel
At $1720 we should see some support and possible scalp up to $1800
Overall still a downtrend until proven otherwise….
Could break $1720 and head straight to $1380,
As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see a heavy retrace always aiming for .618
$1816, $1850, $1890 are rough estimates if it reaches that high, if not sell for better entry.
Good luck, and have fun with it
Head and should is better the phucking if done rightI expect the head and shoulders on the 15min to push down to the lower channel break and continue into the bear market to about $1380
There might be a small retrace to $1920 for the right shoulder but it’s unlikely.
We might get some support at $1380 for a scalp trade, then continue lower
Overbought in RSI on the Daily chart
And 50% on the 4hr chart
Not financial advice but good luck hope this gave some insight
just an ideathis is my idea. Breaks the downward channel, moves upwards similar to previous movement then higher.
Orange ovals are an example.
Purple ovals shows the market tapping off resistance multiple times.
i believe we have bottomed out.
If not keep in mind it may retrace as low at $2.50 but has a lot more potential to gain.