ETH Drop to $1430* before going Higher or LowerI reckon this is in play for Ethereum.
Here are my reasons:
1. BTC & ETH are at strong resistances.
2. Perfect retest of H8 OB for ETH.
3. Lots of Selling Pressure.
4. SPX is at a strong resistance, likely to drop.
5. DXY showing inverse head and shoulders reversal pattern at resistance.
6. Price likes to test main diagonal resistances before making the next move. This is for a liquidity grab to fuel the next move.
I am shorting to these levels. NFA
Risk Management is important.
Ethusdshort
ETH - 2 Selling Strategies from AC BYBIT:ETHUSDT.P
1H time frame
-
After breaking out downtrend on 1 Day time frame . ETH is forming an ascending channel on 1H .
With this bearish pattern, we can set two different trading strategies as below.
-
1.
Entry: if getting resistance form upper trend again(~1605)
TP: 1525 or reach lower uptrend
SL: previous high(~1615)
2.
Entry: BO the AC(~1540)
TP: 1400, 1350
SL: if go back to the AC(~1560)
-
Notice: All price are set from the predicted trend, can set it more accurate based on the actual trend/pattern after opening short
ETHUSD remains bearish for nowThe structure on ETH holds bearish so far. Everything else is in the chart.
Please check linked ideas for more info.
📉 Text marks:
🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹ph, pl = protected high or low, which holds current structural impulse.
🔹bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Ethereum thoughts in hearing.Good morning, colleagues!
I continue to think about this instrument.
Cryptocurrency markets are having a hard time now, but the hardest times are ahead in my opinion. If we start from what I see on the chart, I can say only one thing that this is not the worst, there will be more, but let's not get ahead of ourselves and thank for what we have.
Back to the chart, the price at the approach to the upper part of the trading range shows weakness, which draws weak players into the game and this is a great opportunity to sell the asset at favorable prices.
Based on the fact that in the price range of 1010 - 1100 there is a lot of floating prescription, we can expect the resumption of acquisitions from here, because in order to go to the top we need fuel at the expense of whom we will go.
Thank you for your attention, I wish you success!
P.S.
All key prices are displayed by markers on the price scale...
ETH SHORTI'm currently looking at a juicy short, we are currently going into a little Christmas bull run. Pushing through this flat symmetrical triangle will be bread and butter. I expect a nice price pump up to 1271 where I will be shorting at 100x leverage for a nice 300% gain at 1231.09.
ENTRY: 1271 at 100x LEVERAGE
TARGET 1: 1258.61
TARGET 2: 1231.09
STOP LOSS: 1284.05
ETH, Up or down? lookDaily Time: The price is in a triangle pattern .
We have two views:
1. A bullish view that with the breaking of the upward triangle can move towards the targets of 1600, 1750 and 2000 . (according to the movement we drew)
2. A bearish view that can touch the 1000, 900 and 800 targets by breaking the downward triangle. (According to the movement we drew)
Important: Because the triangle is formed in a downward trend, the possibility of falling and decreasing the price is more likely, and this triangle is likely to be broken downwards.
ETH - HOLD ON to something, DISCOUNTS Incoming !Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
The markets are correcting lower after a brief increase predominantly following BTC up. By looking at higher timeframes, you can zoom out to see the bigger trend at play and cancel out the volatility and noise on the lower timeframes. The RSI and momentum show that the bears are still very much in control, and Ethereum faces a serious risk of a flash-crash or a slow bleed down to $650 - $800 support zone. This is according to technical indicators Phoenix Ascending and Bollinger Bands . We can confirm this from a trend analysis - there simply isn't a large enough demand zone on the next immediate support zone ($1000) since it has already been tested twice, weakening it. Therefore, the price of ETHUSDT would have to drop more to find sufficient demand - more demand than the supply zone.
NOTE that this is not for the short term, but for the near term .
Incase you missed it ! Here's the Bitcoin update using the same method; Phoenix Ascending with Bollinger Bands:
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ETH is in the 💩 market condition, to be honestSo to be honest I don't know why the interest in ETH and BTC is so high at the moment.Basically, it's all just one big consolidation box, with overall short bias. Everything else is in the charts and related ideas.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀