Ethereum down 5% then up 20%, check it out here.
Hello dear friends,
I have created a new analysis of Ethereum here on the 90 minute chart.
Everything can be seen in the chart like stop and targets.
I do expect a first drop to point E and then exit the triangle at the top.
Stop 2518
Final target 3200
resistance / support:
2750, 2803, 2882, 2981, 3066, 3200
Wait always for confirmation with price action to go long at the bottom like a bullish candlestick and so on.
Also keep a close eye on Bitcoin as it is leading the market.
Good luck with trading!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
I have created a new analysis of Ethereum here on the 90 minute chart.
Everything can be seen in the chart like stop and targets.
I do expect a first drop to point E and then exit the triangle at the top.
Stop 2518
Final target 3200
resistance / support:
2750, 2803, 2882, 2981, 3066, 3200
Wait always for confirmation with price action to go long at the bottom like a bullish candlestick and so on.
Also keep a close eye on Bitcoin as it is leading the market.
Good luck with trading!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
코멘트:
Traders one extremely important thing. As you know I have no bias, no bull. no bear, no fomo, no fear:-;
But we need to be very carefull right now if you want to go long at the bottom. Be very sure that the price will bounce with a big green candle + 2-3 times average volume. If not, stay out! Why is that? because we have always the risk that price break trough the bottom. If that would happen with volume and we close there below the scenario will turn to bearish. What I thinkwill happen is not important, we need to confirm and validate patterns before entering!
Again, I don't say it will happen but just be double carefull here because we are at crucial levels in BTC.
Should we sink than that is perfectly fine for me also! With trading there is always money to make either going short or long and the market never move in one line to the target but in up and down waves.
Just wanted to share this with you so you don't get bull or bear trapped.
Trade safe, no leverage, money management (1% rule) , stops, no overtrading. I always repeat it and of course not for the die hard traders but for traders not so long in the market or still learning.
Without these safety rules you will not be trading anymore in 6 months, believe me!
Happy trading guys and good luck!
But we need to be very carefull right now if you want to go long at the bottom. Be very sure that the price will bounce with a big green candle + 2-3 times average volume. If not, stay out! Why is that? because we have always the risk that price break trough the bottom. If that would happen with volume and we close there below the scenario will turn to bearish. What I thinkwill happen is not important, we need to confirm and validate patterns before entering!
Again, I don't say it will happen but just be double carefull here because we are at crucial levels in BTC.
Should we sink than that is perfectly fine for me also! With trading there is always money to make either going short or long and the market never move in one line to the target but in up and down waves.
Just wanted to share this with you so you don't get bull or bear trapped.
Trade safe, no leverage, money management (1% rule) , stops, no overtrading. I always repeat it and of course not for the die hard traders but for traders not so long in the market or still learning.
Without these safety rules you will not be trading anymore in 6 months, believe me!
Happy trading guys and good luck!
코멘트:
We will start to decline right now traders!
코멘트:
After analysing the longer and shorter term for Bitcoin and Ethereum, I see signs that it could go wrong this time. Meaning we will decline instead of the Long scenaro. A decline on its own is nothing but BTC below the 34k level closing is a high chance for a further decline towards 30k in the first place. That would alsomean the LT picture is bad. We will see it step by step.
For this trade it is okey because short untill the bottom but after that going long to the upper boundery need to be very securely confirmed to avoid a bull trap!
Succes friends!
For this trade it is okey because short untill the bottom but after that going long to the upper boundery need to be very securely confirmed to avoid a bull trap!
Succes friends!
코멘트:
Friends,
We broke out above the trend line of the triangle. Volume was good but could be better. You can see that the market is hesitating and that is mainly because of Bitcoin.
Good luck!
We broke out above the trend line of the triangle. Volume was good but could be better. You can see that the market is hesitating and that is mainly because of Bitcoin.
Good luck!
코멘트:
Friends we are forming a bearish rising wedge on the 45 minute. Scenario stay the same but these are the waves in every move.
Goodluck!
Goodluck!
코멘트:
Hello Friends,
I have added to my long position here. I see a small HS forming but I think it will fail and cause the opposite reaction.
I have added to my long position here. I see a small HS forming but I think it will fail and cause the opposite reaction.
코멘트:
Friends on the smaller timeframe there is also a bullish falling wedge pointing to the trandline which is being re-tested at this moment. All perfectly normal in my opinion. We see also a hammer candlestick which can point to the end of the decline.
The big boys want to stop you out and that is why you need a not too tight stop here.
If the price of ETH hold then we have a very nice trade. If it fails we have a small loss. Also perfect because than we do the same at lower levels ;-)
Good luck friends!
Friends, please share your comments!
The big boys want to stop you out and that is why you need a not too tight stop here.
If the price of ETH hold then we have a very nice trade. If it fails we have a small loss. Also perfect because than we do the same at lower levels ;-)
Good luck friends!
Friends, please share your comments!
코멘트:
Dear friends,
Ethereum dropped further through the blue trend line after all. Clearly an action to stop traders out! This market is full of tricks but I often see through them.
I still have all my long positions because I took a very big stop. Ethereum is in my opinion the best coin right now and is relatively very strong compared to other coins. Remember that there is tremendous fear in the market and that is often an extremely good buy signal.
We see that Ethereum has formed a new bullish falling wedge and this has a target depending on the breakout between 2830 and 2860 initially.
After that Ethereum breaks this trend line the higher targets come back into view.
See the chart with a bullish pinbar and large volume.
I wish you nice profits and safe trading!
Ethereum dropped further through the blue trend line after all. Clearly an action to stop traders out! This market is full of tricks but I often see through them.
I still have all my long positions because I took a very big stop. Ethereum is in my opinion the best coin right now and is relatively very strong compared to other coins. Remember that there is tremendous fear in the market and that is often an extremely good buy signal.
We see that Ethereum has formed a new bullish falling wedge and this has a target depending on the breakout between 2830 and 2860 initially.
After that Ethereum breaks this trend line the higher targets come back into view.
See the chart with a bullish pinbar and large volume.
I wish you nice profits and safe trading!
코멘트:
Again a new update friends,
Ethereum did breakout to the upside of the falling wedge heading to higher prices.
Succes Traders!
Ethereum did breakout to the upside of the falling wedge heading to higher prices.
Succes Traders!
코멘트:
Dear traders,
The stop was hit and the scenario has now changed. This is the great thing about stops and that is why you need them. To limit loss in case of a failing trade.
Bitocin longterm is still bullish but if the longer year trendline doesn not hold we will see this bullmarket finish. That would be also good to buy back later at a nice discount! I would say even better!
I hope you all are safe with your stops and we see for new chances!
Good luck friends!
The stop was hit and the scenario has now changed. This is the great thing about stops and that is why you need them. To limit loss in case of a failing trade.
Bitocin longterm is still bullish but if the longer year trendline doesn not hold we will see this bullmarket finish. That would be also good to buy back later at a nice discount! I would say even better!
I hope you all are safe with your stops and we see for new chances!
Good luck friends!
Post your comments guys! What do you think of the market, where is going, why and so on.