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ETHUSDT Bearish or Bullish? BINANCE:ETHUSDT ETH is definitely the weakest of the 3 majors (BTC, ETH, SOL) However, I am seeing way too much bearishness on ETH, which is warranted due to its piss poor price action, but that does not mean it is going to teleport down to sub 2k. Signs of over bearishness: - OI divergence and finding support at previous areas (price is lower but OI is the same as it was back in April and May 2024) - Funding rates in the negatives or near zero (more shorts than longs) I do not believe ETH will moon or out pace BTC or SOL. But I do think this increased bearishness has swung too far in one direction and when that happens it typically swings back hard in the other direction. ETH definitely needs more time to stomach this recent sell off but even if it retests 2200 again I think a bottom is close or in. There is more liquidity sitting at prices higher above. I expect ETH to eventually take out 2900 and then come back to 3300 and 3500 by at least EOY. Let's see what happens. Good luck to the shorts heading into election season.
Long
by bhx10
1
Aug 15Overview: Lord Jerome reported 227,000 jobless claims, slightly below the expected 234,000. Additionally, almost all other macroeconomic data points to a growing and improving economy. July U.S. retail sales were three times higher than anticipated, coming in at 1% versus the expected 0.3%, suggesting strengthening consumer confidence, which has risen above 0.7% for the first time since January 2023. Auto sales are also up. Are these newly unemployed Americans spending their savings? Unemployment has been rising since January 2023 and now sits at 4.3%. The chances of a recession are decreasing, and CRYPTOCAP:BTC is rising. Interest rate cuts are a tool for quantitative easing, typically applied when the economy isn’t growing and needs an injection of liquidity (M2 money supply). But if the economy is healthy, with spending on the rise and government spending contributing to GDP growth, rate cuts might not be the solution. Now, think critically—if everything is relatively good (maybe not great yet), the economy is somewhat healthy, and the S&P 500 has been rallying since October 2023—why would you sharply cut rates? Perhaps two or three cuts by the end of the year, reducing rates by a total of 0.75%, at most. For those expecting such a small rate change (a 13% decrease by the end of the year) to have a significant impact, they might be in for a rude awakening. Alts Relative to BTC: If CRYPTOCAP:BTC dropped by 1.92%, CRYPTOCAP:ETH declined by 3.34%. No significant divergence, except for NYSE:AR , which posted a thin green candle. Bull Case: All bears die. Bear Case: All bears don’t perish but remain very much alive. Fear and Greed Index: Lower, at 40.61%. Dangerously close to Fear territory. W: Forming another lone star/abandoned child-type candle. Where do you want to go next, Mr. Bear Market? D: August 15th ended in red, closing below the daily level of $58.2k. Bearish. On the 14th, we touched the BB MA and are now heading toward $52.2k. 4h: No new divergences—just the old ones still playing out. On both August 14th at 8 a.m. and the 15th at noon, U.S. bears woke up and decided, “Nah, crypto ain’t sh*t.” Red candles followed. The last four green candles showed diminishing volume, not reaching the BB MA. Leave a comment if you know what that means—unless you’re a whale, in which case, just do your thing. 1h: No divergences. The sell-off ended at 4:00 p.m. U.S. time, almost touching the freshly established weekly level of $55.9k set at the beginning of July. Prediction: In the next two weeks, the bottom falls out. When September arrives, big whales will return from vacation and send the market crashing down, with rate cuts providing little relief. Opportunities: CRYPTOCAP:SOL : Still at weekly resistance level. But keep in mind, it approached this level from the top, not the bottom. Although it has garnered a lot of attention this bull market, it doesn’t follow normal technical analysis rules. AMEX:APT : As noted yesterday, starting at midnight, it began its descent, printing a nice -6.24%. Did you catch that? Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
1
ETHEREUM ETF With the Ethereum ETF decision just days away, ETH has made a massive breakout play in an effort to front run a positive ETF outcome, the approval of VanEck and ArkInvest/ 21Shares ETH ETFs on the 23rd & 24th May respectively. In terms of price action and charting this is how I see it. Now that price has broken out from the downtrend and hit the Bearish OB as shown, I think many were caught of guard and expected any sort of volatility to come on the day of the decisions. Instead it seems many have decided to front run the decision and go long which opens up more challenges. I think ETH had priced in a rejection of the ETF at ~£3K , with how the SEC has viewed ETH and it's stance on insisting it's a security, Coinbase estimated a 30-40% chance of an approval last weekend. Now that price has risen almost as if we already have news of approval I think that should the ETF be denied we could fall straight back down to $3K area with support areas shown as targets on the chart. This would print a Bart Simpson style pattern and many Longs will be devastated. On the other hand, Bloomberg have said that the chances of approval has gone from 25% to 75% and the chart shows this new level of optimism. If the ETF is approved I could see ETH using this current level as a base to target new local highs and close the gap on BTC dominance.
by ProR35
1
$BTC & $ETH data shows good signsThis is a copy paste & apologize can't show all charts spoken about here See our profile for more info 1 $ETH RSI = 86 MUST USE $BTC #FUTURES as derivatives DICTATE price & NOT SPOT #BTC This = why most Influencers get calls wrong Truthfully, most don't have real chart skills Historically, RSI has been higher 5/21 top RSI is STRONG = good sign - 2 We surmised #crypto pump was incoming Call it experience Daily $ETH broke 2 resistance areas within week VERY GOOD, both with ease & okay volume WEEKLY RSI + trading⬆️both Moving avg = GOOD #ETH getting closer to light blue area This is #ethereum REAL TEST #Crypto - 3 $BTC won't be outdone by $ETH Also⬆️10% & broke resistance EASILY Volume on daily IS GOOD ALSO, like #ETH, #Bitcoin has GAP to fill Likely fill before BULL rally Don't think #BTC breaks LONG TERM DOWN TREND on 1st try, but who knows Have 2 say, FEELS lil different - 4 $BTC RSI is 90.6 #BTC hit this few times in 19 & 1x in 20 & 21 ALL TIMES, except 21, traded sideways after = #bitcoin CONSOLIDATION for NEXT PUMP 21 = SMALL pullback for more PUMP Slight exception 1st time in 19, begins bull *DIFFERENCE, we're in BEAR vs that was BULL mkt - 5 This #bitcoin & #Ethereum🧵can be MUCH LARGER but will only mentioned the important Weekly $BTC, see RSI? Only 1x closed🧵⬆️50 but NO FOLLOW THROUGH Currently HIGHEST in down trend! Like $ETH, don't think #BTC downtrend broken 1st try GAP on WEEKLY, will be attracted to it - Way tough to call #BTC bottom See current pinned post on $BTC bottoms Signs are coming in AGAIN It's also GREAT that #Bitcoin is "leading", ot the very least, NOT LAGGING $ETH & #altcoin Time will tell but this FEELS different than other 2 potential bottoms BE PATIENT
CME:BTC1!
by ROYAL_OAK_INC
Will ETH rally independently? Amateur AnalysisFollowing the rise of BTC, ETH has rallied more than 95% from its low. This exponential rise may be Supported by the Merge and the decline of BTC.Dominance. However, ETH bull movement may not last long: 1. Daily bull candle is getting weaker 2. Multiple touches on RSI overbought zone But, different from BTC. ETH is moving in an ascending channel. If it can respect the swing low, ETH could finally stand independently from BTC and move to the supply zone.
by YusufPerdana
ALGOUSDT 1dy://binance n coinbase one hour view_support_pressureWHAT A YEAR... (one day ALGO view_binace_coinbase_ that support top side pressure no longer in effect... fyi i would take some profits here if u havnt already esp if daily active for rebuy lower... we just had a baby girl so shit is nutz and i should have had my support handling the account last night but ALGOs been my baby in crypto for a while now. still no excuses, stick to the plan. HAD our ALGO on CRO so no stop loss available. saw the rally, new how she likes to re trace after pumps but knowing this time was a bit different with out the previous top pressure (see below) Plan was to sell or at least reduce position at .39 zone n scalp the re buy under or around .35 got jumpy n sold half of position at .37 then the rest at .41. Not a huge deal but this is the type of thinking that has wiped out A LOT of profits for us in the past. FOOD FOR THOUGHT I GUESS n something to take into the new year... WE may need to adjust the re buy area to .37 n up but look for dips as low as hi .35s maybe low .34s but doubt it unless a somewhat decent BTC correction. REMEMBER market cap totals combines with total BTC n ETH pairs compared to all other fiat pairs is great for seeing shorter term trends_ investor dip_buy opportunity n or scalp opp... My guess is we see BTC let off some steam this week which should be a great time to buy the dips of ur HODL projects. (we, a long with every1 else, r a bit divided on the current BTC narrative) AT least for us we try to not get spread to thin which is tuff when almost every project sounds life changing and amazing. IN THE END OUR GOAL IS TO USE ALTS TO BUY MORE BTC ETH with some other HODLs we like ALGO ADA CEL etc. that we can easily stake and earn great, relatively low risk, (at least for this eco system) passive income. In the end we find this critical to never spread to widely and when we do we try to take profits or ruthlessly cut losses and move on. U will never consistently sell the top n buy the bottom but in crypto taking profits has saved me n mine more times than not, at least when we stick to the plan... _ALGO was fit to run without all of the top side pressure from previous highs. IE people holding bags who either eventually sell or cost average in enough at a lower price to smooth things out for a run like this. _thats why when we hit "support" you see things slow down or speed up. _if going up people might get reedy to or have sell orders to dump their bags. _if dumb re trace, then re test at next run at that level if they hold bags for rally (esp with all pairs banging or up ETH BTC n all FIAT pairs really is what makes things go parabolic_basically all taps on at full blast to increase asset market cap) we see a rally until that next level of support _bag holders. _If asset is dropping than as we hit support people are hesitant to sell until it becomes to much or stop loss orders kick in and we see a dump to next level. Same concept if all pairs are going in the opposite was its like a black whole sucking out the market capital. this is why we see such volatility in crypto. especially with the more developed assets with lots of pairs means lots of ways for money to move in or out very quickly. _This is where things like tokenomics, fair launches, where there is no pre sale with a fixed supply without goofy hold half of it back models is very important. (which can work i believe but over a longggg period of time with conscientious, reasonable, long term thinkers being a must with this token style) _HGM I got a call for everyone this year. we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know but DO NOT SLEEP ON _ Reflect.Finance _RFI projected AI gainz 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just A needs to be adopted vie thro real utility to reduce trade friction with yeild and typical trades, and sounds like so much more. 2021 hot projects INJ DDIM THETA CEL we have a huge list we need to go thro but these r the ones so far seem to check out and are worth going after a 3 to 10x plus.... _HGM I got a call for everyone this year. (FYI we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know) but DO NOT SLEEP ON _ Reflect.Finance _RFI projected AI projected gainz:// 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. _SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just, "A needs to be adopted" (thick Italian accent lol) via thro real utility to reduce trade friction with yield and typical trades, and sounds like so much more. _HGM
Long
by HustleGrindMomentum
ALGOUSDT ://LONG, BUy tH3 DIP/SCALP, sh00t2 ALGO wall3t...WHAT A YEAR... we just had a baby girl so shit is nutz and i should have had my support handling the account last night but ALGOs been my baby in crypto for a while now. still no excuses, stick to the plan. HAD our ALGO on CRO so no stop loss available. saw the rally, new how she likes to re trace after pumps but knowing this time was a bit different with out the previous top pressure (see below) Plan was to sell or at least reduce position at .39 zone n scalp the re buy under or around .35 got jumpy n sold half of position at .37 then the rest at .41. Not a huge deal but this is the type of thinking that has wiped out A LOT of profits for us in the past. FOOD FOR THOUGHT I GUESS n something to take into the new year... WE may need to adjust the re buy area to .37 n up but look for dips as low as hi .35s maybe low .34s but doubt it unless a somewhat decent BTC correction. REMEMBER market cap totals combines with total BTC n ETH pairs compared to all other fiat pairs is great for seeing shorter term trends_ investor dip_buy opportunity n or scalp opp... My guess is we see BTC let off some steam this week which should be a great time to buy the dips of ur HODL projects. (we, a long with every1 else, r a bit divided on the current BTC narrative) AT least for us we try to not get spread to thin which is tuff when almost every project sounds life changing and amazing. IN THE END OUR GOAL IS TO USE ALTS TO BUY MORE BTC ETH with some other HODLs we like ALGO ADA CEL etc. that we can easily stake and earn great, relatively low risk, (at least for this eco system) passive income. In the end we find this critical to never spread to widely and when we do we try to take profits or ruthlessly cut losses and move on. U will never consistently sell the top n buy the bottom but in crypto taking profits has saved me n mine more times than not, at least when we stick to the plan... _ALGO was fit to run without all of the top side pressure from previous highs. IE people holding bags who either eventually sell or cost average in enough at a lower price to smooth things out for a run like this. _thats why when we hit "support" you see things slow down or speed up. _if going up people might get reedy to or have sell orders to dump their bags. _if dumb re trace, then re test at next run at that level if they hold bags for rally (esp with all pairs banging or up ETH BTC n all FIAT pairs really is what makes things go parabolic_basically all taps on at full blast to increase asset market cap) we see a rally until that next level of support _bag holders. _If asset is dropping than as we hit support people are hesitant to sell until it becomes to much or stop loss orders kick in and we see a dump to next level. Same concept if all pairs are going in the opposite was its like a black whole sucking out the market capital. this is why we see such volatility in crypto. especially with the more developed assets with lots of pairs means lots of ways for money to move in or out very quickly. _This is where things like tokenomics, fair launches, where there is no pre sale with a fixed supply without goofy hold half of it back models is very important. (which can work i believe but over a longggg period of time with conscientious, reasonable, long term thinkers being a must with this token style) _HGM I got a call for everyone this year. we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know but DO NOT SLEEP ON _ Reflect.Finance _RFI projected AI gainz 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just A needs to be adopted vie thro real utility to reduce trade friction with yeild and typical trades, and sounds like so much more. 2021 hot projects INJ DDIM THETA CEL we have a huge list we need to go thro but these r the ones so far seem to check out and are worth going after a 3 to 10x plus.... _HGM I got a call for everyone this year. (FYI we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know) but DO NOT SLEEP ON _ Reflect.Finance _RFI projected AI projected gainz:// 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. _SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just, "A needs to be adopted" (thick Italian accent lol) via thro real utility to reduce trade friction with yield and typical trades, and sounds like so much more. _HGM
Long
by HustleGrindMomentum
ALGOUSDT 1hr ://LONG, SCALP, sH00t2 ALGO wall3tWHAT A YEAR... we just had a baby girl so shit is nutz and i should have had my support handling the account last night but ALGOs been my baby in crypto for a while now. still no excuses, stick to the plan. HAD our ALGO on CRO so no stop loss available. saw the rally, new how she likes to re trace after pumps but knowing this time was a bit different with out the previous top pressure (see below) Plan was to sell or at least reduce position at .39 zone n scalp the re buy under or around .35 got jumpy n sold half of position at .37 then the rest at .41. Not a huge deal but this is the type of thinking that has wiped out A LOT of profits for us in the past. FOOD FOR THOUGHT I GUESS n something to take into the new year... WE may need to adjust the re buy area to .37 n up but look for dips as low as hi .35s maybe low .34s but doubt it unless a somewhat decent BTC correction. REMEMBER market cap totals combines with total BTC n ETH pairs compared to all other fiat pairs is great for seeing shorter term trends_ investor dip_buy opportunity n or scalp opp... My guess is we see BTC let off some steam this week which should be a great time to buy the dips of ur HODL projects. (we, a long with every1 else, r a bit divided on the current BTC narrative) AT least for us we try to not get spread to thin which is tuff when almost every project sounds life changing and amazing. IN THE END OUR GOAL IS TO USE ALTS TO BUY MORE BTC ETH with some other HODLs we like ALGO ADA CEL etc. that we can easily stake and earn great, relatively low risk, (at least for this eco system) passive income. In the end we find this critical to never spread to widely and when we do we try to take profits or ruthlessly cut losses and move on. U will never consistently sell the top n buy the bottom but in crypto taking profits has saved me n mine more times than not, at least when we stick to the plan... _ALGO was fit to run without all of the top side pressure from previous highs. IE people holding bags who either eventually sell or cost average in enough at a lower price to smooth things out for a run like this. _thats why when we hit "support" you see things slow down or speed up. _if going up people might get reedy to or have sell orders to dump their bags. _if dumb re trace, then re test at next run at that level if they hold bags for rally (esp with all pairs banging or up ETH BTC n all FIAT pairs really is what makes things go parabolic_basically all taps on at full blast to increase asset market cap) we see a rally until that next level of support _bag holders. _If asset is dropping than as we hit support people are hesitant to sell until it becomes to much or stop loss orders kick in and we see a dump to next level. Same concept if all pairs are going in the opposite was its like a black whole sucking out the market capital. this is why we see such volatility in crypto. especially with the more developed assets with lots of pairs means lots of ways for money to move in or out very quickly. _This is where things like tokenomics, fair launches, where there is no pre sale with a fixed supply without goofy hold half of it back models is very important. (which can work i believe but over a longggg period of time with conscientious, reasonable, long term thinkers being a must with this token style) _HGM I got a call for everyone this year. we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know but DO NOT SLEEP ON _ Reflect.Finance _RFI projected AI gainz 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just A needs to be adopted vie thro real utility to reduce trade friction with yeild and typical trades, and sounds like so much more. 2021 hot projects INJ DDIM THETA CEL we have a huge list we need to go thro but these r the ones so far seem to check out and are worth going after a 3 to 10x plus.... _HGM I got a call for everyone this year. (FYI we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know) but DO NOT SLEEP ON _ Reflect.Finance _RFI projected AI projected gainz:// 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. _SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just, "A needs to be adopted" (thick Italian accent lol) via thro real utility to reduce trade friction with yield and typical trades, and sounds like so much more. _HGM
Long
by HustleGrindMomentum
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: At the moment, the price of BTC/USD is trading near the level of $6400. The level of resistance shifted from $6400 to $6500. Long scenario: Bitcoin's price going above $6500, in that case we will expect the continuation of the price growth of BTC/USD to the $6750- $6800 zone. Short scenario: The decrease in Bitcoin's price is below $6100. This will serve as a signal for opening deals for sale with a target in the $5800- $5700 zone. Levels of resistance: $6500; $6600; $6600; $6800; $6900; $6800; $6600; $7200. Support levels: $6100; $5800; $5400; $4500. Forecast: Reduction of the price of BTC/USD from the level of $6400 and the target near the level of $6100. We do not recommend buying. ETH/USD Overview: The global trend remains descending. Current situation: Ethereum is traded near the support line of the rising channel, which currently serves as resistance. If the price can go above the $220 level, we will expect growth to the level of $240. If the quotation hits the level of $200, then the target of the decline will be the level of $150. Resistance levels: $220; $250; $240, $270; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: Decrease in the price of ETH/USD from the level of $210. The goal of the reduction is $150. XRP/USD Overview: The trend is downward. Current situation: The Ripple price today has grown by 14%. We regard this growth as a correction for the price of XRP/USD, after a strong fall. The cancellation of the scenario of the asset reduction is an increase in the price of XRP/USD above $0.42. Resistance levels: $0.38; $0.40; 0.44; $0.47; $0.52. Support levels: $0.35; $0.32; $0.30; $0.26; $0.24; 0.22; $0.15. Forecast: Reducing the Ripple price from the level of $0.38 and the target in the $0.20 - $0.15 zone. BCH/USD Overview: The trend is bearish. Current situation: Bitcoin Cash quotation is traded below the $440 support level of the uptrend. We expect the price of BCH/USD to continue lowering to levels: $400, $385. If BCH/USD buyers buy out the quotation above $440, then in this case we forecast the continuation of the Bitcoin Cash price increase within the limits of correction up to the $500- $510 zone. Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800. Support levels: $400; $380. Forecast: Decrease in the price of BCH/USD to levels: $400; $380. LTC/USD Overview: The trend is bearish. Current situation: Litecoin price traded near the level of $54, the previously broken support of the rising channel. We expect a further decline in the price of Litecoin to $46. Resistance levels: $54; $58; $60; $58; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: The price decrease from the level of $54 and the target near the level of $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
1
Bitcoin Daily Update (day 174)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day:$6,000 retest | 1 week: Breakdown $5,750 | 1 month predictions: < $5,000 by 9/5 | bottom prediction: $3,000 by 10/30 Previous analysis /position: 3d stochastic, btcusdshorts' and the funding rates on Bitmex were all giving me reason to be concerned. Resistance from VRVP, daily ichimoku cloud and recent Up fractal told me to stick with the plan / Short ADA:BTC | ETH:USD | ETH:BTC Patterns: Bear flag and descending triangle Horizontal support and resistance: R: $6,475 - $6,511 | S: $6,395 - $6,425 BTCUSDSHORTS: Daily looks very toppy'. 1h is forming a continuation triangle after turning prior resistance into support. 55% short: 45% long Funding Rates: ! Longs pay shorts 0.01% ! 12 & 26 EMA’s (calculate % difference): 12 currently acting as resistance | 26 = -3.64% 50 & 128 MA’s: 50 = -6.74% | 128 = -13.55% and just started to angle downward! Volume: Roughly 50% below average. Expecting it to pick up if be breakdown $6,300 and to create a 6 month high if we break $5,750 FIB’s: 0.786 = $6,553 | 0.886 = $6,281 | 100 = $5,995 | 161.80 = $4,402 Candlestick analysis: Dark cloud cover from August 18th should mark the top of this bounce. Spinning tops that are formed afterwards provides confirmation. Ichimoku Cloud: Tenkan-sen starting to diverge from Kijun-sen. Bearish kumo twist on 12h with cloud becoming thicker. Huge c clamp. Similar situation in June did not lead to a bounce. TD’ Sequential: Daily G7 indicates that bounce is getting exhausted without actually bouncing much (has been more of a consolidation/Wyckoff redistribution than anything.) 3d is working on a price flip. Weekly R3 > R2. Visible Range: Weekly has a very significant gap from $4,800 - $5,600 | falling below $6,443 would put us below the 24 hour point of control and that price would be expected to become resistance. $6,452 is POC over last 5 days with high volume nodes from $6,320 to $6,500. $6,370 is 1 month POC. $6,387 is 6 month POC. Looks like $6,370 is much more important than I realized. If that breaks down then we could fall straight to $5,750 in a few hours. BTC’ Price Spreadsheet: 12h = +/- 0 | 24h = +0.95% | 1w = +7.37% | 2w = +/- 0 | 1m = -13.40% Bollinger Bands: MA = $6,625 and is expected to be strong resistance along with recent up fractal. Bottom band angling upward with top angling down would indicate the need for a squeeze after recent bulge. Trendline: Bear flag Daily Trend: Chop Fractals: UP = $6,648 | DOWN = $5,896 On Balance Volume: Starting to move downward faster than price. Testing support that is equivalent to $6,321 price. Too small to consider it a div’ just yet but will be monitoring. ADX: ADX found resistance at 30 while -DI & +DI are starting to converve. Indicates major volatility on the horizon or a need for continued consolidation (if ADX breaks down 25 and we get a cross in the -DI/+DI. Weekly ADX is creeping upward steadily and indicates that incoming vol is most likely. Chaikin Money Flow: Huge bull div’ in weekly. Has not been > 0.15 since March 5th and is currently 0.1517. Spent all of 17 and most of 16 > 0.18 and it would make sense for that to become strong resistance. If we breakthough that level it would be a strong indication that buyers are starting to overwhelm the sellers. Setting an alert at 0.193 could be very helpful. No div’ in daily. RSI (30 setting): Daily = 45.13 and appears to be creating a lower high. Weekly found support at 48 and has a very similar appearance to the price - wearing out support with it’s 4th test. Stoch: Weekly has been creating lower highs all of 2018 and recently made another one. %K diverging from %D after making bullish cross on 3d. %K just started to angle downward on daily. Recrossing < 60 would be very bearish. Bullish divergence in weekly Chaikin Money Flow/i] Summary: Bull div' in weekly CMF’ is alarming. Bear markets end when buyers overwhelm sellers and seeing a drastic increase in buying pressure over a long term time period is something to take note of. What I think is even more important than the CMF' (in the short term) is the funding rates returning to an equilibrium with longs paying shorts. A retest of the 12 EMA and a 0.01% funding rate it what I was waiting for before continuing the sell off. Breaking down $6,370 would put us below the VRVP POC over the past 6 months and that would be very significant. Mounting resistance from VRVP, horizontals, bearish wick from August 15h, fib retracement, G7 on daily TD', bollinger band, daily cloud, and recent up fractal give me confidence in my position. Opening a short now provides a sold r:r. Stop could be at $6,726 | $6,876 or $7,115 depending on your target and risk tolerance.
COINBASE:BTCUSDShort
by Sawcruhteez
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400. Current situation: Priorities remain for sale. Expected levels of decline: $6800, $6660. In the price zone $6800- $6660 there is the support line of the uptrend, which is an important level of support for the price of BTC/USD. Short script: The quotation of BTC/USD goes below the level of $6660, in which case the decline is likely to continue to levels: $5780 and $5400. Long-term scenario: The buyout of Bitcoin's price from zone $6800-6660 and fixing it above the level of $7500. Under this condition, quotation of BTC/USD can update its highs at $8500 and go to the $9000 area. Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points. Resistance levels: $7300; $7500; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400. Support levels: $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450. Forecast: The probability of BTC price drop to zone 6800-6660 remains high. ETH/USD Overview: The global trend remains descending. Current situation: The situation on Ethereum does not change. Sales with a target in the $380- $360 zone remain in priority. Cancellation of the scenario - an increase in the price of ETH/USD above the level of 430. Resistance levels: $420; $440; $485; $515; $555; $585. Support levels: $400; $380, $360. Forecast: Priority remains for the sale of Ethereum with target in the zone $390- $380. XRP/USD Overview: Trend is downward. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone. If the price of XRP/USD falls below the level then panic sales of this asset possible to the level of $0.30. Current situation: Yesterday, the price of Ripple exited a triangle down and currently trades below the level of $0.42. We do not exclude the re-test of $0.42 from the bottom-up, and the continuation of the price decrease of XRP/USD in the direction of the trend to the zone of $0.40-$0.38. Resistance levels: $0,42; $0,44; $0,47; $0,52; $0,54. Support levels: $0,40; $0,38. Forecast: We expect that the price of XRP will continue to decrease to previously announced goals in the $0.40-$0.38 zone. Also, we do not exclude the option of a $0.42 level test. BCH/USD Overview: Trend is bearish. Current situation: Bitcoin Cash quotation trades above $700, sales remain in priority. In the medium term, the exit of the price to the level of $600 (April minimum) is possible. In the shorter term, we expect targets in the zone $680-650. The cancellation of the short-term scenario will be confirmed by an increase in the price of BCH/USD above the level of $760. Resistance levels: $740; $760; $780; $820; $840; $890; $930; $970; $1020. Support levels: $680; $650; $600. Forecast: BCH/USD price drop to the zone of $680-$650. LTC/USD Overview: Trend is bearish. Current situation: The quotation is traded near level $75, we stick to the short scenario. The cancellation of the price reduction of LTC/USD will be a breakthrough the bottom-up level of $80. Resistance levels: $78; $80; $90; $94; $100. Support levels: $72; $67. Forecast: Litecoin price drop to a target of $70.
KRAKEN:BCHUSD
by VARZAR_INVESTMENT
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level. But I trade BTC,ETH & ALts level by level regardless of beaish senerio as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that. But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating. My targets regarding Eth wil be 400$-700$. i will buy it from there. If you like my idea kindly like it and follow me Thank You Regards Hamza Shabir
BITSTAMP:ETHUSDShort
by hamzashabbir990
Up Only?The past weeks have felt like the good old times have returned. 2020/21 Flashbacks are coming in strong with BTC and ETH up double digit percentage since September. On the back of this rally, other Crypto majors like Solana have risen even stronger. Are we back yet? Among the most recent price drivers have been positive news regarding the approval of Crypto ETFs. As the pathway is being cleared for a now inevitable Bitcoin ETF, the implications of such an approval are starting to deem on market participants. Then, just yesterday, the market was taken by surprise by Blackrock's application to file an ETH ETF. With markets celebrating ETF Season, it's important to remember that, unlike with a Futures ETF that already exist for certain crypto assets, a Spot ETF would actually be backed by market-bought BTC/ETH assets. This will create inevitable buy pressure from some of the biggest institutional players in the world. It sure feels like crypto is 'growing up'. This is happening against an interesting macro setup. With ever growing deficits, the US Treasury Yields on long-end treasury debt (maturities >10-years) are rising faster than short-end yields (maturities <2-years). That is bad news for the Treasury as it signals dropping interest in long-term US Sovereign Debt, which is needed to keep that deficits going, especially as we are entering an election year. It is also bad news for banks which a significant amount of long-dated bonds on their balance sheet. When Yields go up, bond prices go down and that can hurt your solvency as Silicon Valley Bank found out the hard way. To prevent this from escalating further, the Fed is for now pausing interest rate hikes whilst issuing more short-dated bonds. This is considered a liquidity injection into markets and drives up asset prices including our favourite magic internet money. What does the crystal ball say will happen next? Some of the current rally is starting to feel frothy. As a rule of thumb, Alts run after BTC and ETH had their moment. Also, crypto prices are impacted by seasonalities. These are just some considerations traders should be making. The more important question however is if we are at the end of an echo bubble or already at the beginning of the full-on bull market. Many will remember the 2019 rally that was followed by a COVID-induced major drop across the board in March 2020. What followed was DeFi Summer that led directly into the bull market of 2021. It was a final challenge before 'Up Only' began. Will history repeat?
COINBASE:ETHUSD
by ogiberstein
T3 5DHi! Oops, it's been a while since I opened up TOTAL3 to see what we have here. I mentioned in an idea a couple of months ago that I liked 5D timeframe, which has often replaced a 1W for me. And I turned it on just in time on this chart. A death cross of the EMA 200/100 is forming. Right now. For the first time. Usually this thing acts like a hammer. If you turn on the logarithmic chart display, you can see that there is not much left before the trend line touches and the point may lie at 260-290B, depending on the rate of decline. But I really have a bad feeling about this. The price has already approached the trend line, but the cross has just formed and of course it will not dissipate in the next year. Does it mean that the price will go under the line? It is possible. But after the breakdown of the line there is no way to predict how deep it will go. The VFI as you can see is confidently moving in bearish territory and the long EMA of volume looks there as well. As usual, draw all conclusions on your own. I am not making any altcoin purchases yet. P. S. I saw a rather curious opinion of @HustleGrindMomentum This is what he writes: "When i see the market do its thing, BTC and ETh go then ALts pump etc I am ready for more upside or at the least sideways accumulation phase but when we see a btc eth rally and then TOTAL and esp TOTAL3 dont pump above BTC or and TOTAL below TOTAL3 and BTC and ETH below both of those when compared on the same chart we see downside. this is not money entering the market but people getting out of DeFi ALTs you name it via BTC and ETH. this is time to run not buy last time I saw this in the charts we took a 35 to 40 percent crypto market DROP food for thought. for me and mine we dont want to spread to thin rite now and r ready to exit the market quick fast and in a hurry if needed." I think this is an important insight, and I certainly don't have a better version of it. I see the process, and he has an explanation.
CRYPTOCAP:TOTAL3
by averkie_skila
MARKETS week ahead: May 14 – 20Last week in the news The US debt ceiling was in the focus of the markets and news during the previous week. A potential default of the US government to meet some of its obligations would have serious consequences on the US economy, and the rest of the world. At the same time, the US equities were closed lower on Friday, following weaker than expected consumer confidence data. The crypto market was also traded at lower grounds, with Bitcoin ending the week at level of $26.8K, while Ether is holding above $1.8K. During the previous week, the G-7 meeting of most developed countries in the world was held. Aside from globally elevated inflation, one of the main topics was the potential of the US to default on some of its obligations in the coming period, in case that debt ceiling is not increased. The US Treasury Secretary, Janet Yellen, noted in her statement, that we are just weeks away from the first US-debt default, but she is hopeful that some solution for this situation would eventually emerge. At the same time, the White House and congressional leaders meeting, scheduled for Friday, was postponed. The main topic of this meeting should have been the debt ceiling. The Congressional Budget Office said on Friday that increased revenues from taxes collected in June would most probably help the US Government not to default in June, but they were unable to say the same for July. The US equity markets fell on Friday, after reporting weaker than expected consumer sentiment results. The University of Michigan's consumer sentiment fell to the level of 57.7, which is the lowest level of this indicator for the last six months. Adding to it the news about potential US debt default, it increased markets fears over forthcoming recession in the US. Binance, one of the largest crypto exchanges, announced that the company will cease operations in Canada, amid a “challenging” regulatory environment. The company tweeted that “new guidance related to stablecoins and investor limits” in Canada are not anymore “tenable” for this exchanger. The main issue with these new regulations is that purchase or deposits in stablecoins would require prior CSA`s approval, which requires taught due-diligence checks. The Ethereum network experienced an outage on Thursday, when transactions could not be confirmed for 25 minutes. There was a high risk for users of the chain to be altered due to this malfunction. Although developers are investigating the cause of this outage, still, no official information has been provided. Coindesk is reporting that House Democrats are considering issuing a bill on stablecoins, which seems to differ from the one that Republicans are in process of drafting. The Democrats are of the opinion that the Federal Reserve should have a power of veto when it comes to the registration of stablecoins and that special attention should be paid on protection of consumers. Crypto market cap The crypto market continued with a correction trend during the previous week. Although there is a lot of doubt among investors over potential US debt default and decreased consumer sentiment, which supports fears over potential recession in the coming period, still, at this moment there is actually nothing which could support the crypto market. The pull-out of bank deposits decreased during the last few weeks, and obviously, at this moment, these deposits are not ending in the crypto market. Charts were pointing to this correction, so the market needs to exhaust itself, before it starts a new round to the upside. Total crypto market capitalization decreased by 6% or FWB:70B during the previous week. Around 80% of this drop was led by the major coins on the crypto market. Total crypto market capitalization continues to hold modestly above $1 trillion. Daily trading volumes were also down, from $72B a two weeks before to $56B on daily basis during the previous week. This might be a positive indicator that the market is slowly drying the latest move to the downside. Total crypto market capitalization increase since the beginning of this year modestly dropped to 44%, where it has added a total $330B to the market cap. A drop in crypto market cap during the previous week was led by major coins on the market. BTC, ETH and BNB participate with 80% in a market cap drop of $70B. BTC, the major coin lost around 7.5% in market cap, erasing $42B from its value. ETH followed with a lower drop of 4% on a weekly basis or more than $9B. BNB also took a downside, with a drop in value of 4.5% or $2.3B. XRP was another coin with a drop in value above $1B, where it has lost $1.7B or 7.5% on a weekly basis. It was interesting that Polygon was also among coins with a large drop in value in nominal terms, since it lost $1.2B or 13.6% in the market cap. This is not usually seen in nominal terms. Coins with some of the largest drops in relative terms were OMG Network, with a drop in value of 28.5% w/w, Filecoin was down by 15%, EOS decreased its value by 12% and DASH by almost 12%. The only coin which gained during the week was Tether, which increased value of circulating coins by 0.9%. There has been also developments with increased number of circulating coins of Ether by 2.1% w/w. Crypto futures market Developments from the spot market were also reflected on the prices of the crypto futures. BTC short term futures were closed at Friday`s trading at prices which were lower by 11% from the end of the previous week. At the same time, lower drop was with longer-term futures, which were down by more than 7% w/w. The price of futures maturing in December this year was closed at FWB:27K , while those maturing in December next year were closed at $28.3K. ETH short term futures were trading by almost 11% lower from the week before, while longer ones were down by almost 5% w/w. ETH futures maturing in December 2023 were closed on Friday at price of $1.807, while those maturing a year later were closed at price of $1.858.
CRYPTOCAP:TOTAL
by XBTFX
1
ETH Detailed Analysis (Long Term)Hi folk, I'm trying to help you to develop your point of view with both technical and fundamental data regarding Ethereum (Little King of da ALTS) 👑👑 📌It took 221 days to find the bottom with approximately %80 down from the top. 📌When we look at Fib Retracement Levels --> We are still in the bottom zone. I've consciously chosen the term "ZONE". 📌Let's use and check both Fib Ret. and FRVP together. We see that FRVP POC level is 1580 (pivot). What is more, FRVP VAH level is 1867, which is a strong resistance now (almost the same Fib resistance level). 📌They say "Simplicity is the BEST" . When we only look at Fib levels and focus on 0,5 level, long-term PIVOT, we can simply say that ETH will have a new story right after reclaiming this pivot (2395). Bonus Chart 1: ETHUSDT 1D Log Chart with Fibbonacci Levels 📌ETH is facing extra-strong Resistance. It will take time... Sooner or later we'll experience a strong price action. Bonus Chart 2: ETHUSDT 1D Chart with RSI Negative Divergence 📌We can simply summarize that below 50 points (RSI) is bearish. Weekly closing is important for the short term. Bonus Chart 3: BTC/ETH 1D Chart 📌The bearish trend has been finally broken. The parity is stable now. 📌Below 15 --> Bearish for ETH 📌Above 20 --> Bullish for ETH Bonus Chart 4: RSI, AO+MACD COMBO, MA(50, 100, 200) 📌All in one! AO+MACD and RSI say they are selling! 📌MA50 is now a resistance. 📌MA100 is support, MA200 super strong support (below this super bearish). Bonus Chart 5: ETH Locked Ballance 📌Recently, the total amount of ETH that is locked out of circulation hit a new all-time high at 19,375,242 ETH! 📌Overall, this is a positive sign for the Ethereum network as more and more ETH is being locked away, showing ETH holders' confidence and long-term commitment. Bonus Chart 6: ETH Unique Adresses 📌1 year ago (within the frame of the deep and bottom bearish cycle) there were around 180M unique ETH addresses. On the other hand, ETH has more than 230M unique addresses, which sounds bullish. Bonus Chart 7: ETH Supply Growth Chart 📌ETH is no longer inflationist, yet it is deflationist! If you have read it from top to bottom, I'm pretty sure you loved it! Do not forget to hit the like button! Believe preparing all this data took hours! Thanks for reading mate! See you in the next one! 😌😌👋🏻👋🏻
by Bullfighterr
2
March is the most important period for crypto in 2023!Despite recession forecasts and the FED's cautious stance, the markets have risen since the beginning of the year. Many analysts argue that the market is not rational, that all statistical indicators point to a bear market, and that a difficult series of declines and disappointments lies ahead The market participants are now divided into two teams: 1. The bull team argues that the bottom has already been reached and that growth will be gradual. 2. The bear team argues that the current rally is only temporary and that we are yet to reach the true bottom. So, there are two opposing positions, but the truth is probably in the middle. 1. We will undoubtedly experience steady growth, but not in an instant and most likely not now. The catalyst for growth will be mass adoption and products from the new paradigm; however, such products are still in the early to mid-development stages, and the market has not been completely cleansed of contamination: Luna, 3AC, FTX. The good news is that the market largely ignored Genesis' bankruptcy and the threat posed by its parent company, DCG. 2. We are unlikely to see a -50% drop in BTC/ETH in a single day, as we did in 2014-2017. However, in a very negative market, the price of BTC could reach $10-11 thousand and $700-800 for ETH. The only thing that matters is that we will essentially see such a scenario in two instances. 1) Binance/Coinbase bankruptcy and/or 2) regulators' prohibition of any type of crypto activity. Judging by the current state of affairs and the way the market in general ignores negative FED forecasts and the bankruptcy of one of the leading companies, it can only be shaken and have a panic sell if something falls where most of the remaining market users' deposits are located, and there are not many participants in this list. March can be considered as the projected key month in 2023 1. FED returns from pause – new key rate adjustments and macro data 2. Mt.Gox end of registration of refunds – the volume and timing of the execution are determined by market participants' potential estimates of the pressure on the price of BTC exerted by affected Mt.Gox users. Payouts will be made in the amount of lost BTC at the current rate. 3. Shanghai Upgrade on Ethereum – an opportunity to take ETH off the steak and risk that those who bought cheaper or more expensive will want to lock in profits or recoup some losses. 4. FTX hearing – final report on FTX debt to user Most likely, March will provide the general direction of the market in 2023, and while anything unexpected that occurs during the year will be a variance, the overall trend will remain the same. What do you think about the nearest crypto market future and what we likely to see with BTC and ETH? Share your thoughts in a comments section, check links in our bio and follow us for more relevant info! Thanks for reading
by Samura0x
2
ALTs potential to dominate while all eyes on BTC and ETHA little over one month ago I posted about a wedge or possible bull flag whereby ALTs were approaching a potential "bounce or break moment" after which the trend broke downward both for the dominance wedge in addition to the total market cap for ALTs. However, during the latest bitcoin drops, I have noticed a trend whereby the "discount prices" for ALTs were not too far off from the "discount prices" one month ago when the price of bitcoin fell to around $25-26K. Upon revisiting the trend, it appears that altcoins have continued to maintain their own prices despite the further drops in both bitcoin and ethereum. This is additionally rather surprising since alts generally follow ethereum more than bitcoin . Now that the price has started to near $17K, I think the question now is: Will the dominance continue for alts? and in addition: Will BTC bounce reverse upward? and if so, what effect will that have on the "alt dominance trend"? As anyone who has followed me knows, I have mentioned this "near $17K from the 78.6% Fibonacci retracement from 2020" possibility for some time now. I should note however, that further drops between $12-14K are still possible due to other retracement starting points, and when one looks at further retracement values from the recent lows last May (not drawn to avoid too much clutter on the chart), both this current value near $17K as well as lower prices look like potential possibilities. I think only time will tell, but it does indeed look like the drops downward might soon be coming to an end. However, with the trends for stocks and the fed rate potentially continuing, and a potential recession around the corner (for which BTC has not really faced a long-term recession similar to that in 2008), there is also a very possible outcome of "untreated territory" around the corner and potential depressing drops ahead. Either way, it looks like the current times are a very interesting crossroads, particularly for altcoins that I see continuous chatter about "alts suffering due to bitcoin drops" despite a potential to break that trend. But please let me know what you think in the comments and "like" if you find this idea interesting. And as always, this is solely my opinion and not in any way meant as financial advice.
COINBASE:BTCUSDLong
by crypto_trends