There has been a significant downside movement to the multi-month range low. We have had a 21-day down trend with no meaningful bounce. We can long assuming the liquidity stop run is done. Target would be the the previous support-turned-resistance level. Close to that level is another opportunity for a liquidity grab at around $67.2k.
BCH doesn't look too strong following it's pump. Im seeing a descending triangle inside of a head and shoulders pattern. However, we have not broken the neckline. Therefore, this is a speculative short position that I am taking. Target is the first resistance turned support.
Dear friends, Bitcoin just formed a weekly inside bar. In 2018 there have been 5 other weekly inside bars. The break of each of these other weekly inside bars lead to at least a 1:1 Reward:Risk trade, no matter how large the range. This weeks inside bar is the smallest range one we have had yet. I suggest ignoring the chop of the lower level time frames, and...
Perfect harmonic trade. The entry is above today's candle: 0.0007367 The stop loss is at the low of today's candle: 0.0006914 The take profit is the 0.38 level: 0.0012083 You can take partial profits along the way. Notice how the fib levels all correspond to resistance levels.
Hello all, As you can see from my previous post I've been bullish ETHUSD since about $425. Here I present this potential ETH count, with ETH putting in a leading diagonal. Please examine and ask questions as you please! If you want more detail a a specific place, please let me know.
I want to publish this quickly, so please see the chart. Combination of bear flag, elliot wave count, and RSI.
We are forming a bullish Bat harmonic on the weekly time frame with a weekly 9 on the TD sequential system. However, this is only true is we hold 0.056 stats. I would look for a daily reversal signal today to enter this trade. Just an idea look at for. At this point, the trade is NOT active unless we see some reversal signal on at least the 4hr (daily much more...
Hello friends! Thanks for joining me again for our ETHUSD update. Today I will discuss the most important zones of support and resistance that we need to watch out for. Please see my previous post linked below, where I precisely discussed when the ETHUSD pullback was coming and where we might land. In this post, I highlight to you the areas you should keep an...
The chart makes it clear. Just posting this quickly in case any one is watching. RESPECT THE STOP LOSS OR YOU WILL GET REKT. This is the LAST CHANCE for the ETH bulls if they want to see continuation. Therefore, I'm betting on this play. This is an update of the idea posted below. FOLLOW me for HIGH PROBABILITY scalp trades (ALWAYS WITH A STOP LOSS!).
There is significant divergence on the 15 min RSI and in the CMF. Higher timeframes are obviously oversold as well. Look at the 7200 area for initial support, followed by the 7050 area. Might update this later if there is significant interest. Want to get this out ASAP in case the correct does start immediately
ETH has been falling behind in this recent uptrend and has had the strongest pullback so far from it. However, as BTC starts to correct, I am expecting the ETH pullback to slow down. We are at a key Fibonacci retracement area and are significantly oversold on the 4hr, with divergence in both RSI and CMF. Expect a bounce soon.
Hello friends! This recent uptick in BTC and ETH was indeed expected (see my previous analysis). However, ETH did not make it up to the 540 region and only rose ~5% today, when compared to BTC which rose ~9%. This is a bearish development. Is $540 off the table? No! However, in the short term, it looks like we are going to retrace. We have a parallel channel...
Hello all! Welcome to my first Technical Analysis on ETHUSD! I have seen a lot talked about the BTCUSD chart and feel that there is a lack of in depth TA on ETH. To address this shortage, I propose a potential long entry into ETH with clear targets and stop losses. In the chart above, notice the trend line in blue that has acted as resistance first at 5-20, then...