Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0215). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 0.0226
TP2= @ 0.0236
TP3= @ 0.0246
SL= Break below S2
Ethereumbitcoin
ETHBTC - It keeps falling, where to place bidsWhile BTC continues its glorious crusade into Halving other alts are falling to BTC. ETHBTC is not the exception.
My initial plan was to buy it near "#1" mark, but this support was easily annihilated today, so I think it’s wiser to put my bids around "2" mark or near 0.02 BTC level.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Do fractals work in crypto? Here we have Ether/Bitcoin trading pair. If this fractal plays out, we can see one Ether worth 0.5 BITCOIN. Yes. 1 Ether may equal 1/2 a bitcoin.
As you can see we have 4 distinct phases and a broken RSI downwards trend. Also in the RSI the blue box is very similar to one another.
The blue chart is a copy of the first cycle and stretched out. Very similar.
Very technical, I know.
What are your thoughts?
Show me your charts?
ETHBTC: Climbing to resistance (0.025)My ETHBTC long is doing well (opened pos. in previous idea) and I'm up 6% atm, but targeting higher, it should test 0.025 resistance zone.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
ETHBTC: Looks interestingAfter powerful pullback from 0.020 BTC, ETHBTC pair hangs on support and looks like a good place for a long setup.
It may test support a couple of time, so to not miss the move I'd buy 50% of the normal position now and 50% after (if) it wicks down below 0.0225.
Hit the "LIKE" button or sign up with my ref links below to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
ETHBTC forming final leg of Shark | Good long opportunity aheadFormation of bullish Shark:
This time on very short term hourly chart the price action of Ethereum with Bitcoin pair is forming bullish harmonic Shark pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: 0.023043 to 0.022906 sats
Sell between: 0.023164 to 0.023438 sats
Stop Loss:
The potential reversal zone area which is up to 0.022906 sats can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for short term traders not a long term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
ETH/BTC ANALYSIS: SELL OFF COMING TO AN END!ETH ANALYSIS:
ETH is coming down on a strong sell off as alt market continues to bleed out. ETH does has a green light in sight as it comes down to the temporary support from .02000 to .02070. This is the ideal entry for a long position. Volume can still have another one or two legs down as price bottoms inside green box, which is why entry goes down to low .02000s and may even dip a bit under to fake out longs. With that said, I do expect a strong bounce off support up to T1 at .02140, and on to T2 at .02184. Lastly the T3 at .02660 falls inside the resistance band. Again, this is another coin which will see the relief rally short lived. I expect a rejection to occur near the strong resistance. Therefore, this is not a long term hold, close position fully by T3.
Possible Entries: .02000-.02070
ETH 4H DivergenceBullish divergence on the 4H chart, this may result in a short term upside. My 'bait' wick analysis was incorrect, and i apologize to anyone that entered a trade. I will link it. This divergence shows promise for the short term, and margin / leverage traders however. Fortune favors the bold! Currently analyzing the success rate of these divergences.
Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0223). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Take Profits:
TP1= @ 0.02464
TP2= @ 0.02750
TP3= @ 0.03519
SL= Break below S2
ETHBTC: Same setup - Same profitLooks like the same setup could play out for ETHBTC . I don't think that we'll quickly recover and head to new heights after this dreadful fall.
I'm going to short pullbacks to the 0.025 zone with more wide or more conservative targets.
Information is just for educational purposes, never financial advice. Always do your own research.