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Tradingpairs

Daily ETH UpdateWell, it's hard to get a nicer chart than what we are seeing here today. ETH has completed a very bullish "cup and handle" pattern, followed by a breakout and retest of previous resistance. Now are just seeing a breakout to the upside of that retest. This move is being supported by a Normalised MACD crossover as well as RSI moving back up. OBV has gone green however I would like to see some more strength here. No signal can be trusted unless it has support from volume, so if you are looking to re-weight your portfolio from BTC to ETH just be aware that there is only weak commitment to this move. It is my opinion that the market will actually come in to support this move and we will see ETH continue to outperform BTC....but that's just my guess :)
by marcusdw1
Daily BNBETH UpdateBNB has been showing some strength again over ETH in the last few days, but until proven wrong, I'm considering this as a short retracement in the downtrend. I've used a few red arrows to highlight the weakness in BNB's upward move over ETH. You can see that while price has been moving up, volume has been falling indicating that there is no commitment from the market to this move. ADX also shows that price movement has been accompanied by a general fall in interest from both buyers and sellers. There is not much splitting the two at the moment as both have been outperforming the wider market. I think there is a high probability that BNB will come back down to re-test the $0.1320 level again (previous level of demand).
by marcusdw1
Daily ETH UpdateETH has broken out to the upside from a long consolidation triangle. This is extremely bullish and I'm expecting ETH to now significantly outperform BTC for the rest of the bull run. Looks like price is coming back to re-test the upper trend line and if it holds, will be a successful flip of resistance into support. This will leave ETH with a clear run having no resistance above. The measured target from the flag pole will take price all the way up to 0.13 BTC which is just under double its current position. For the time being (and excluding any black swan event....stock market) all eye on the re-test.
Long
by marcusdw1
Daily BNBETH UpdateThe major trading pairs are all looking very vague at the moment with trading slowing to a crawl. I'm not trusting most of the indicators as the volume is too low for them to have any meaning. BNB has been trending up against ETH (all be it weakly) since the end of October and at this point still is. Recent price movement has brought it back down to the trend line where it is currently looking for support. With such low volume being traded it's hard to say what will be the likely move from here, but until we see a break of the trend we must assume that it's still in place. We should see a definitive move in the next day, be that a break of the trend or a bounce off support. I'm holding BNB and will continue to do so until that trend line breaks. On a more fundamental level, BNB is a smaller market cap and so it's more likely we see larger moves up and down than we see in ETH. If we see a continued recovery in the wider market, BNB should continue to outperform ETH.
by marcusdw1
Daily ETHBTC UpdateCrunch Time - This is an interesting juncture. ETH has pushed up to the upper resistance line of the consolidation triangle and now has a decision to make. Is it going to break through and run up to my target market high of 0.13 BTC, or is it going to roll over and fall down towards support on the lower support line of the triangle? Technically it's not clear. Volume is so low that none of the indicators can be trusted. Is that an ascending triangle forming and is price going to break down? On balance I'd say that it's showing more strength than weakness as I write this. In these situations I have two principles I follow: 1. When unsure do nothing - ETH is still in an uptrend against BTC and so until that changes remain in ETH. 2. What's my long term view? - I believe that based on fundamentals ETH will outperform BTC over the long term, so ETH is currently the better choice. I'll change to BTC if we get a rejection from this resistance level. (NOTE: I'm actually holding most of my position in BNB, as BNB has been outperforming BTC and ETH for some time now. You can refer my analysis of the BNB/ETH chart)
by marcusdw1
Daily BNBETH UpdateBNB made a high against ETH on the 12th of April 2021 and then trended down until August. Since then there have been three attempts to break to new lows (yellow circles) that were unsuccessful. A consolidation range has followed but more recently we are seeing BNB quietly and discretely building strength over ETH. We are seeing a slowly rising RSI and can now see a higher high and higher low....the beginnings of an uptrend maybe? We'll have to wait and see where this goes. Technically we won't be able to get excited until there is a break of the consolidation zone and I have that level at 0.16ETH. If this does happen it's very likely we will see price head towards the 0.29 ETH level that was the previous high.
by marcusdw1
Daily BNBETH UpdateFor those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the RSI and ADX are showing BNB displaying new strength over BTC and ETH. I'll be watching this chart closely and if this continues will rebalance my portfolio to have a greater weighting in BNB over the other two. At this point I don't consider any real trend to be in place, however, it could well be the start of one.
by marcusdw1
Nope, Cardano remains to stay unaffected to the recent eventsLittle update on my previous trend analysis on Cardano. I compared the channels on the daily vs. the weekly chart. On the daily, ADA shows some kind of a bullish trend, where as on the weekly, it looks more like continuation of the decline towards the next support level. I went on the Cardano forums and read a lot of its HODLers wishes to decouple ADA from Bitcoin. Many seem to think that more trading pairs against fiat currencies would help accomplishing this. Needless to say that Coinbases recent announcement of looking into adding ADA to its portfolio fired up a lot of hopes in this regard. But if ADAs previous performances would always depend on Bitcoins price action, shouldn't we see more bullish signs these days? Are you a ADA HODLer? Where do you see it going?
by senolito
1
EURUSD AT BREAKING POINT FOR A NICE SHORTThis is one pair that has been bullish for a while in the long run however it seems it has hit it's mid-year highs and it's setting it's eyes on a nice short downwards to even the levels of 1.07 When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account. Trading just like any other business should be a ground where you do long term trades as well as short term trades. If you are capable of looking at trading as any other business field where you have to invest and reap fruits in the long run then you will never have any reason to worry about blowing your account. Rather grow it in the opportunities that have a long-term return on your investment. Now with that said, remember to manage your risk well, and enter the market in a way that it would not hurt you no unless the extra ordinary happens. And so to cover the extra ordinary you know what to do - stop loss. Have a fruitful week and no matter what, do not get out of that short :)
by Capital75official