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Ethereum / US Dollar Perpetual Quanto Swap ContractEthereum / US Dollar Perpetual Quanto Swap ContractEthereum / US Dollar Perpetual Quanto Swap Contract

Ethereum / US Dollar Perpetual Quanto Swap Contract

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ETHUSD.P trade ideas

Same Pattern Repeat Last YearLast Year(2023) ETHUSD created two stage drop parallel pattern(Red) from Apr. to Sep. (lasting for 6 months). This year(2024) ETHUSD seems repeat the same pattern. If it is in this case, Maybe it will ending this pattern around August for the same half year period. Last year After two stage drop parallel pattern, ETHUSD breakup the drop resistance at around the end of Sep 2023 and beginning of Oct 2023. If the pattern same, then accumulation period is estimated around 2 months. Let's observe its development.
COINBASE:ETHUSDLong
by BMYWin
15
ETH - Neutral to BullishETH - Neutral to bullish. I'm expecting some choppy sideways action until the ETF's get rolling. A good buy point for new entrants into this trade would be at 2816. I'm thinking if we get to that point, that will be the turnaround for a nice hard move up as ETF's are still selling right now. ETH can very well hold at this level too, since we are at key MA's before continuing upward but we can easily hold around 3,200 as well based on MA's and the trend. So short term, I can see a normal pullback and if that happens, I'll be looking for a nice "W" pattern to play out. I'll be looking for TP levels of 3,900 to 4,000 and timeline would be weeks to months on this one. Invalidation would be if we do not hold around the 2,800 level.
COINBASE:ETHUSD
by DClayton
Less is more...If you don't know me, I have been a trader a very long time. Nearly 25 years to be exact. Over the years, I have spent a lot of time studying a wide array of techniques, tools, patterns and market sentiment. Lucky enough, the markets have also been very kind to me. I've been fortunate enough to have two trading books published by large traditional publishing companies. So it's safe to say, I live and breathe trading. I am going to do a series of posts here covering a couple of key educational topics - starting with Elliott Wave theory. When it comes to Elliott Wave theory, there seems to be a love hate relationship for many people. Some get it, some see it as not relevant. To be honest, both are correct. Now before you jump on the high horse "it doesn't work for crypto" - let me start by saying, this is not a lesson on how to use Elliott Theory. I covered that in these posts below; And step two; In terms of using Elliott, it's not as simple as trying to figure out each and every move. (this is often why, it does not work.) Instead the benefit of Elliott, is to accept it as a bias tool that aids in understanding the current market sentiment. We often see posts online about things like the Wall Street cheat sheet. I also covered this in another post here on @TradingView Where the theory has any real value, is simply to obtain a bias. The market is always searching for liquidity. In order to obtain liquidity, the market needs to attract players for the game. Now, you have probably entered a trade and felt almost immediately that the market has pushed against you, it's out to get you and the brokers are playing 1 vs 1 against you. This is where sentiment really comes in. As a retail trader you have likely been exposed to tools such as RSI, MACD or even dabbled with Elliott and Wyckoff. But the reason the market does, what the market does, is not to get you as an individual, instead it's there to collect liquidity from a crowd. Elliott wave theory isn't a technical tool, it's a sentiment tool. So instead of trying to guess every internal and nested swing, you can make an awful lot of money by simply giving a directional bias. I wrote an article in 2021 here - About the emotions, I used the Simpsons to get the point across. The general idea is to understand where liquidity is likely to be and use that to make informed trading decisions. If you have any specific questions, even topics you would like covered, leave a comment below. I'll add to this in another post as part of this series. Stay safe and wish you all the best. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSDEducation
by Mayfair_Ventures
The ETH RUN ? With the crypto halving this year and upcoming elections, the countdown to more mass adoption in crypto has begun. Ethereum (ETH), being the second largest cryptocurrency, now sits above the $3,000 level and has been creating a range for the last 147 days. soon I speculate $4000 then $5000 Why Ethereum (ETH) Will Be Bullish 1. Recent ETF Approval Increased Investment: The approval of Ethereum futures ETFs makes it easier for big investors to buy into Ethereum, boosting its demand and liquidity. Legitimacy: Regulatory approval signals that Ethereum is seen as a legitimate investment. 2. Recent Halving Reduced Supply: The halving event will decrease the supply which can lead to higher prices if demand stays the same or increases. 3. Growing Adoption Institutional Interest: Big companies and financial institutions are investing in Ethereum, driving up its value. DeFi Growth: The rise of decentralized finance (DeFi) increases the use of ETH for transactions and as collateral. 4. Technological Advancements Ethereum 2.0: The upgrade to Ethereum 2.0 will make the network faster, more secure, and more energy-efficient. Smart Contracts: Ethereum is the top platform for developing decentralized applications and smart contracts, which are essential for the blockchain ecosystem. 5. Positive Market Sentiment Historical Performance: Ethereum has shown strong growth after key upgrades and market events.Market Perception: There is increasing recognition of Ethereum’s value, boosting demand. 6. Regulatory Clarity Clear Regulations: Better regulatory clarity in major markets reduces uncertainty and attracts more investors. 7. Economic Factors Global Trends: Economic issues like inflation can drive more people to invest in cryptocurrencies like Ethereum as a hedge against traditional financial markets.
COINBASE:ETHUSDLong
by Evanture
Jul.23-Jul.29(ETH)Weekly market recapTrump inspires crypto market at Bitcoin 2024. He stated that if he enters office, it will remove Gary Gensler from SEC leadership as soon as possible. And the US government will not sell BTC holdings, whether currently held or potential future purchases, as a special way for strategic reserve. The market was attracted by his promise and BTC began to rise away from ETH, touching 70000. If Trump is elected and keeps his promise, BTC will start a new bullish channel after November. On the other hand, this week is a big data week. The FOMC will be held on Thursday. Although we all know that there will be no interest rate cuts, as long as there are no hawkish views in Powell conference and the FOMC statements, the market will price in further interest rate cuts. On this Friday, the U.S. Department of Labor will release employment data for July. Likewise, as long as the employment data does not strengthen significantly, the rise will not be interrupted. ETH’s performance last week was weaker than BTC’s. Because Bitcoin 2024 did not mention ETH, ETH trading volume on Saturday was the same as usual. Judging from the WTA indicator, the number of blue columns representing whales increased significantly last week, which is different from BTC. Perhaps it is because the listing of the ETH ETF has attracted whales to hold ETH. Judging from the ME indicator line, the long-term fluctuation has further narrowed the purple wavy area. In summary, we continue to maintain a bullish view on ETH. ETH is more likely to rise than fall this week. We maintain our previous resistance level 4000 and support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool