Hey everyone, hope you are having an amazing day so far!
I just wanted to share my idea/predicition for the next few days on BTC. Overall we are in a bearish structure (4h) and currently forming a smaller consolidation. Upon looking at ordeflow we are seeing a ton of new longs entering the market, so I would personally expect a move down to the lows as shown in...
Hey guys!
So here we can see that ETH went mental overnight (depending where you live). Unfortunatenly I didn't manage to catch the move :(
Now it looks like it will get that chance again. We currently broke a good resistance level and appear to retest it. I am now staying neutral and waiting for a retest of it. If we do manage to retest and go up succesfully ,...
So both ETH and BTC have almost exact same movement. I am opening long positions on both on long term. I will stay patient and wait till that TP gets hit. Might take a while, but it defenetly will. If I was in your place I would right now look into a long term perspective and enter while there is still time. This pullback is your last chance. Consider carefully....
Staying neutral for now. I am waiting for a retest on the supply zone and then hope to see a pullback. Once it gets back to the demand zone I will look to place a long position. So seeing as it broke the triangle this usually means the uptrend will hopefully happen. Let's see how the prize reacts. Don't predict. Plan. :)
As we can see recently eth didn't manage to break that 50 MA and based on my analysis the 4h trend line acting as a support has been broken which gives me a feeling it will drop back to major support levels like the ones at 1700 - 1800 area. What do you think about this?
Chart: ETH (Coinbase) - 4H timeframe
After a lot of hesitation of breaking the 34k area it didn't happen. So most likely we will see it go back down to 30k areas, if not lower in some time.
Okay, so the first part played out nicely. Now as I expected I am seeing a small pullback (around the end point of the second arrow). Then most likely uptrend will continiue. Let's see what happens :D
Based on my analysis I will go long on it because of buying pressure on that area. Tell me what you think about it, will find it useful if you do.
Thanks for reading and stay safe. :D
My prediction for BTC. It's pretty visible that market will go bull (patterns). We can also see the prize trying to break from that trend zone.
Thanks for reading and have a nice day and also tell what do you think about this.
These are my analysis for ETH. Personally I am going short, since market is losing it's strength. We can see that on MACD and the market shape (trying to form higher lows). Note: this is only my prediction, I could be wrong but tell me what do you think about these? I would be happy to hear your response in the comments, even if it's a critic.
Have a nice day and...
