Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities.
Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks.
A few more high-reward low-risk setups here:💥
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CryptoCheck
Ethereum (Cryptocurrency)
ETHUSD: Support bounce to start a new move higher? Today's focus: ETHUSD
Pattern – Divergence, demand bounce.
Support – 1538
Resistance – 1647
Thanks for checking out today’s update. Today, we have run over ETHUSD, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
ETHUSD continues to build after sellers look to have formed a washout bar retesting support and demand seen at 1538. Since that test, we have seen buyers quickly jump back into the market, lifting price back up to resistance. We also can see divergence forming supporting the buying, but the pattern is not a classic example but still worth noting.
If we continue to follow a bullish line, we want to see buyers break resistance and test the main trendline. If we see a reaction lower, it is fine for it to move back into the previous resistance as long as we see a new higher low with firm buying. A move back to support is a worry, and a break of that level could set off a new push back down to 1422.
Have a great day and good trading.
Ethereum -> Is This Still Bullish?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here.
Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Tuesday, August 22 Market Update - BTC, ETH, DXY, SPX, NQGeneral Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the ability to regain significant levels, however, higher timeframe they are both overdue for a retracement. Locally they are having an upside bounce but generally and higher timeframe they are still having a retracement.
The Dollar Currency Index is still strong continuing it's rally from mid July. the DXY is generally looked at as having inverse correlation to TradFi and Crypto with both experiencing highs as DXY made its mid July lows. The DXY is currently at resistance from the Yearly Open and any gain of that could indicate further downside.
Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are
BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts.
These alerts can quickly change and new data needs to be reacted upon so have to stay up to date
This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.'
If btc is the sun of the crypto space then US gov yields are the sun to the finance space
With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions.
Admiral Ackbar told me its a trap look
These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in.
Follow and click the link in tradingview to keep up to date with the data
Cheers !
Ethereum -> Buy Low And Sell High!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
The daily timeframe on Ethereum is currently bearish though so I am waiting for a breakout of the decending channel formation and a break above previous resistance and then the daily is also ready for a bullish rally.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
What does Paypal USD mean for Eth ? Will we have a McDollar ??Paypal launches PYUSD
This does not mean it will get adoption just because Paypal wants it to. There may be regulatory hurdles incoming just as we saw with Libra and Diem for FB // Meta. This is now a clear trend though where larger traditional companies are seeing the immense upside in their own stablecoin products. I dont think this trend is going to die out.
Where does it go ?
I think this is leading to a McDollar. Just as Big Mac index is a good rule of thumb for judging currencies.. a McDollar is a good option for currency itself. Goods or services in demand can be digitalised into currency on the back of the traditional product. This is great for provider and customer both. Prosperity is about speed. From the wheel to the sail to the car to the internet. Moving things (people//stuff) faster is compounding the human ability to create more together. Prosperity.
Can Eth handle it ?
I believe so. There are many "eth killers" now and there'll likely be more popping up esp by more traditional outfits. At this stage though what Ethereum has done to compete well against crypto competitors is add layers with utility related to their core layer flaws. Rollup technology allows Eth to outsource the heavy lifting of smaller transactions. Rather than individual $3 nfts clogging the network one by one we are likely to see places like Paypal use rollup technology to bundle microtransactions and send them thru the network that way. This will reduce costs involved and increase time to settle for everyone.
Ethereum -> Last Bounce Before A Strong MoveHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
Looking at the daily timeframe you can see that Ethereum is once again retesting support at the $1825 level - I am therefore waiting for another bullish rejection and a break above the daily downtrendline and then also the daily timeframe is ready for a pump.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Ethereum -> Consolidation Before Pump?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
Looking at the weekly symmetrical triangle which is usually a continuation pattern I am now just waiting for a bullish breakout and then we are heading for new highs in 2024.
The daily timeframe on Ethereum though is pretty slow recently and this is certainly not the time for us as traders to enter stupid positions so I am simply waiting for volatility to come back and then I am looking for longs on Ethereum again.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
ETH - Still chasing 2200 area.. COINBASE:ETHUSD Is tracking nicely and after last weeks spike high into the 78% level.
In this video I go into detail about possible options on the short term and longer TFs, areas to watch and other possible scenarios.
I hope you enjoy and post feedback and thoughts.
ETH - Video Update Before FOMC 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for ETH.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Ethereum -> Will The Cluster Actually Hold?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
The weekly structure level at the $2000 area is still pressing Ethereum but eventually I also do expect a break above this level and then simply more weekly bullish continuation.
Looking at the daily parallel rising channel on Ethereum you can see that Ethereum is currently retesting the lower support, market structure is still bullish but we could certainly see a break below the level and then I am using every dip to buy more Ethereum.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
ETHUSD Is Bullish While Above 1625, Support Is At 1800Hey all.
In this video I will look on the ETHUSd which asha nice upwside potenial after current pause that can find a support and new buyers new 1800. One of the main reasons why Ethereum could stay in the uptrend is US Dollar which came down recently after inflation cooled down to 3% as reported last week, which can easily cause a bigger recovery for the cryptocurrencies in general as speculators can be looking for more dollar weakness and limited upside on US yields, as they believe that FED is very close to end the hiking cylce.
Hope you will enjoy the video, and dont forget to click the like button.
Grega
Correction to Last Vid ...June 4th NOT June 23rdTraders,
I made a critical data error in my last video in stating that the level we were looking to beat to become more optimistic was June 23rd. That is NOT correct. The date we are looking to beat is June 4th, the day before the SEC lawsuit again Coinbase and Binance was announced. So, you want to draw a horizontal line from that body high on that date as demonstrated in this correction video here. My apologies traders.
Stew
Ethereum -> Now Breaking The $2000 LevelHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun.
Looking at the weekly timeframe you can see that Ethrereum is slowly channeling higher and in confluence with the bullish moving averages I simply do expect more bullish pressure.
Exactly 3 days ago Ethereum perfectly broke daily resistance towards the upside which is now of course turned support so with the current retest of the $1940 level we could see another rejection higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
ETH/BUSD Short Trade - Potential Breakdown | Target $1680ETH/BUSD is currently experiencing a significant breakdown from its support trendline. A short trade opportunity can be considered at the current market price of $1798. The ascending chart pattern suggests a potential target around $1680. It is advisable to set a stop loss at $1882 to manage potential risks. #ETHBUSD #Cryptotrading
keep an eye on DXY as it sharply rises, surpassing a key resistance level at 104.
Market Update - BTC, BTC1!, ETH, SP, NQ, DXYQuick market update focusing on Bitcoin and covering BTC CME Futures, ETH, SP, NQ, and DXY.
Effectively Bitcoin is still holding the $30k support and trend does remain to the upside, with major news events starting Wednesday with inflation data, we are expecting an increase in volume/volatility. Overall we did breakdown from the range high but until the $30k support is lost and bearishly retested the overall trend remains to the upside.
TradFi is also holding its ranges continuing the rally, until higher timeframe structure is lost the expectation is that the upside trend will continue until proven otherwise.
Generally we have hedged off BTC longs with some shorts from $31.2k and higher, we are still net long but have taken some profit in the upside of the range last week as a precaution. The play is the range until proven otherwise.
Ethereum -> Better Than Bitcoin?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun.
The weekly timeframe on Ethereum is clearly bullish with Ethereum trading in a decent rising channel and now sitting at the support trendline so I simply do expect a weekly push higher.
But as you can currently see, the daily timeframe on Ethereum is not looking that strong at all - therefore I am waiting for Ethereum to break above the daily $1950 resistance level and then we are also back to a daily bullish market.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: