Get started

Ethereumbitcoin

ETH/BTC at critical support/resistance levelInflation-related data seems to be spooking crypto market again... pushing crypto, and risk on assets, to the downside. As of 1145am MST, this hasn't been fully confirmed. IF we see a bounce off the .07 region (support) to .073 and beyond...THEN it's looking bullish over the short term. IF we see price goto .069 or lower...THEN it's looking bearish short term. If we go bearish, I'm converting more positions to cash- which I've been doing throughout the past week. I'm stockpiling cash to buy on the way down at better prices. Any differing opinions? Let me know! Would love the info.
by WealthHunters
1
Ethereum to break support, 1800 here we come!Like all crypto market, Eth has reversed strongly from my pointed-out sell zone yesterday and what took 48h to gain was erased in only 8 hours, giving us a strong clue about the bearish momentum. At this moment the cryptocurrency is trading exactly in 2400 support and a expect a clear break under soon. Bears can target the next important support at the 1750-1800 zone and only a daily close above 2800 would negate this scenario.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
20
Ethereum Breakout Against BTC Soon!!Looking at our ETHBTC daily chart we notice we have been slumping quite a bit against Bitcoin and have since formed a pennant, we are currently approaching the Apex point where we will see a forced breakout, we have about 3 days before that happens so the chance to breakout before is still there. A positive thing is that we are currently holding onto the 0.2 FIB level which is strong support and we also have a few more levels of support directly below us, we have the bottom of the pennant and then we also have strong support at 0.0733, all of these levels provide a good change to rebound to the upside. As for resistance we are looking at the 0.075 level and the top of our pennant, i will say it is very hard to determine where ETH is headed over BTC but i would confidently say we are much overdue for a reversal. Looking at the Stoch RSI we are on our way down after a bearish cross but the good news is that we have support waiting for us in the oversold zone, we almost everytime see a strong reversal out of this area on its own + we have a nice support level for a likely bounce, so this could mean we could be looking at a false downside breakout on price action before then rebounding back to the upside. Now same thing with the RSI we are still currently below the midline which means confirmed downtrend but we have just caught some needed support, we decide to break below this level we have another level of support coming in a bit lower, now this is where the false downside breakout also ties in! The longer outlook goal is of course to break above the 50. mark so we can reclaim a confirmed uptrend! Not financial advice just my opinion!
Long
by JacobR905
ETHEREUM - Trading at the good levels to buy🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock/Crypto coins to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
BITSTAMP:ETHUSDLong
by PrakWorld_Traders
ETH Making Gains on BTC!!?Ethereum has been performing very well against BTC in the past months making huge gains in a shorter timeframe and i think we are setting up for another big run coming up soon. With the falling of BTC dominance and the rise of Ethereums dominance we are going to start noticing that Bitcoin is likely going to be making minor moves but more sideways price action while the altcoins start to really outperform against BTC. We are not very far off our previous high set set at .088, and its looking like ETH is gearing up to make some new highs and keep this bullish streak going. Looking at our bollinger bands we are just underneath the midline which is currently resistance, what we want to see happen either in 30 minutes from now or at tomorrows daily close is a strong push up and above this point opening the door for us to reach that top band where then we could trigger a big run upwards. The RSI is looking very good we brokethrough the SMA which is now support for us and aswell as the midline, we got up and above here just recently and that is a big key step that we needed. for us to remain in an uptrend we need to hold above this midline on the RSI, falling below and being unable to recover back up puts us in a confirmed downtrend scenario which is never ideal, unless we are talking for BTC.D. The MACD looks very very healthy, we just had a long drawn out 2 bearish period macd cycle and its finally looking like we are coming to an end. Time will tell on our daily close but what we need to see as a start is a open green bar on the histogram with the bars growing in size everyday after that, showing a strong rise in bullish momentum. Second we need to see is a strong bullish cross with our Blue MA pushing away from the orange showing that growth in bull momentum, creating space between the MA's is very important because in this scenario it allows us some breathing room, meaning we can afford to have a couple days of red price action without triggering a bearish cross! Not financial advice just my opinion!
Long
by JacobR905
ETHEREUM - $ETH/BTC - DeFi Frenzy Overtakes Crypto MarketDeFi Frenzy Overtakes Crypto Market Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the  COVID crash in March 2020. All that was missing from kicking things over into an actual bull market was a narrative... Well, it looks like crypto has found one at long last. Decentralized finance If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case. Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency. As you scroll down the list at CoinMarketCap or CoinGecko (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi. Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum. So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative. In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets. Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi. Beyond the hype Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances. When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called yield farming? In 2008, Satoshi unleashed the BITCOIN whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out. When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is really on to something this time around. Projects to watch DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another shitcoin roulette, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase. As with anything in the crypto market, do your own research before swapping precious BITCOIN or ETHEREUM. But, there's gold in them there hills. Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot. DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor. Scaling these applications for the most amount of people? Celer and Matic have you covered. Finally, what about strict DeFi applications themselves? Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time. There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded. To gain access to Stacked's Free DeFi Index, click here TECHNICAL ANALYSIS #ETHBTC : I'm LONG/ BULLISH position up until Wave (3) . I expect that $ETHUSD will upside. This would mean that ETH will gain more 250% of its current value against BTC before it can recover. Well, keep you updated as this timely issue evolves. No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. #CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
Long
by ferGOD
5
Ethereum Next Leg Up!!?Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash through here! Then we are looking at resistance at the 0.0788 level, i do think we might face a little trouble here aswell but there are definitely some factors that could send us flying right through but we will have to wait and see when the time actually comes. The bollinger bands are providing us some nice support just underneath the 0.0733 level and then we also have support at 0.0716, so i think its comfortable enough to say we aren't going to go far we see further downside, what i am way more interested in is that top band on the bb's and this is one of the factors that could send us flying through both of these overhead resistance levels. If we continue to push up a little bit more we will be sitting right on this top band and if we can secure a daily close on here the chances of us having an explosive upwards breakout are pretty high, historically grabbing onto that top band majority of the time sends PA flying, same thing but opposite for the bottom band. Now the SMI, we are slowly moving our way up in a bullish squeeze, shown by the black crosses and aswell as the increasing green bars everyday, this shows a stronger bull squeeze and the more we increase the more explosive our squeeze release is going to be (shown by black crosses turning white). Now the Chaiken Money flow, we had a nice bounce off of the midline and strong turnaround to the upside, this shows that investors bought up the dip on ethereum and we have money flowing into ETH and since we are going against BTC on this chart its signaling money flowing into ETH rather than Bitcoin, with BTC.D settling and slowly dropping i think altseason is on the horizon and im expecting it to be an absolutely massive one! NFA just my opinion!
Long
by JacobR905
The flipening is here! or, everyone will claim it at topWe have a bullish ascending triangle with decreasing volume , at 75% completion. It's ripe for the breakout. It is the handle of a valid cup and handle formation in the making since the last flippening calls. the target of it is quite amazing. RSI being supported on the ascending trendline and being rejected of breaking bellow the neutral zone. more bull pressure. Stoch also clearly similar and crossed to the upside. On the handle triangle, we might still retest the bottom; forming a perfect ABCDE bullish formation. Ethereum is ready to shut down the "Ethereum is a dying project" narrative. The crypto market isn't dying on christmas. I'll eat my D on live tv if it does ps: will complete the TA soon.
Long
by gazur
3
ALTCOIN EUPHORIA 🤑🤑A lot of people are asking about altcoins. In the cryptocurrency market, the main driver of all altcoins is Ethereum. So in this idea, we will analyze the global and local situation of Ethereum to Bitcoin. Looking at the higher timeframes, Ethereum has been squeezed near the trend line for quite some time. This is good because after the accumulation there is a very strong impulse growth. A breakdown of the global trendline will take the entire market into altcoin euphoria. Looking locally, a trend line has formed on the chart. A good scenario to buy would be a squeeze and a breakout of this trend line. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
9
Is Ethereum ready for boom or doom?At the moment ETHBTC is at key support and doesn't look either very strong or very weak. However ETHUSD is gearing for a big breakout. It is just 10% away from a new ATH, while it keeps testing the 4k resistance. 3.6-3.7k turned into support and the market looks really strong. For ETHBTC it remains to be seen whether Ethereum and most alts take a backseat as BTC rallies alone. Alts had rallied for a really long time, so for now we could simply see BTC rally for the next 2-3 months and see it completely dominate alts. There are two key levels for ETHBTC to the downside which are 0.052 and 0.04. The first one is just an untested level, while 0.04 is where ETH started its big rally after breaking above the huge inverse head and shoulders pattern it formed earlier since late 2018 up until early 2021. Retesting that breakout zone would be ideal for buying as the price would have dropped 50% from its recent highs and 33% from here, which are pretty reasonable corrections based on historical patterns. However it is still early to tell which path the market will take. There are tons of bullish things going on for Ethereum at the moment, like ETH 2.0, Layer 2 scaling solutions, NFTs, EIP 1550, DeFi 2.0 and so on. At the same time we could see a futures ETF for Ethereum too at some point in the not so distant future, while the full launch of ETH 2.0 is potentially just 6 months away. Therefore if ETHBTC starts reclaiming 0.067 and even 0.07 we could see it begin its final leg to the upside and potentially overtake Bitcoin in terms of market cap.
by BitcoinMacro
1
ETHBTC Explosive Breakout!ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see that momentum pick up, also the histogram looks great we are coming to an end with the red cycle and we are very close to breaking into that bullish territory, we want to see increasing green bars each day! Now checking out the bollinger bands, we are looking very good our current candle has touched the top band which is always very bullish and if we see this continue im sure we are going to melt up pretty hard, we do have some light resistance halfway through the 0.2 FIB and im sure if we take a ride up the bollinger bands it'll take us right there! Not financial advice just my opinion! ps. very important that we get a daily close above the 0.2 FIB, then we will be looking mega bullish!
Long
by JacobR905