ETH Weak VS BTC

1월 9일

Etheruem is looking extremely weak at the moment, we have just broken a ercent swing low and looking downwards towards the previous range.

I have a few levels below that give me confluence to believe that ETH will drop as well as many altcoins unless we absoultely find a bounce and soon.

Below you can find the Previous Range point of control marked in Blue.

We also have a weekly level which fueled the latest massive rally.

And lastly a long term upwards trendling dating back nearly 10 years to 2015, and it comes in perfectly with all the other levels making it a massive support zone.

This may mean signal BTC pulling away or maintaing its price level. Albiet, the candles below us would suggest a swift move to the downside as opposed to a slow bleed.

I will be watching this to be a potentiall accumulation period for ETH.

1월 10일

노트

This is technical bounce zone for ETH. The reason I remain bearish is because the previous Value Area Low was already lost and retested. Unless this bounce brings us back into it, I believe the probability is more likely to test the liquidity and trendline below.

1월 12일

노트

ETH found a nice bounce as I was prepared for. No trade at the moment

11월 25일

액티브 트레이드

Looking to start building positions on ETH now! I have been accumulating at 3k, and would like to see the next big move start soon.

Good luck!

5일 전

노트

Looking through this chart once again, it tells me 2 tales,

1. Potential reclaim of the value area high here from the previous range, which would be a bullish sign to trade the rotation to the prev range.

2. Perhaps we are going lower for an sfp of the poc , signalling one last pop for bitcoin before the alt season begins. This might be more likely to be the true bottom.

5일 전

노트

what a compound on eth would look like

5일 전

노트

Where I believe the resistance would sit here at the previous VAL, layered with the anchored vwap