ETH-D
Ethereum market analysis It’s been awhile since we’ve updated ya’ll with the current market situation. The crypto market has been moving sideways since the last drop from 30k to 17k, hence we have been quiet on the sidelines. This usually indicates an accumulation of orders before its next explosive move.
We currently have been motoring #Ethereum and to give a brief update as follows:
#Eth on the daily is currently sideways, neither forming higher highs or lows. A break of $1260 could indicate a movement of price towards $1611-1800. This zone is key supply area and will act as strong resistance. We would be looking at selling our reminder of our holdings at these levels. As the chances of it dropping towards 740 - 200 is significantly high in the coming days/weeks. Which is where should this occur , we will be looking at accumulating aggressively at these levels in play for long term holdings.
NOTE: This is not financial advice, please do your own research before investing.
Solana long term viewHere is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
ETHUSDT🔥Let's break down the ETH chart
Now the asset is near the global support zone at $1000-1050.
What I think is that it is not worth waiting for some kind of global growth within 1-2 months, but inside the day you can take profitable transactions.
In the short term, I think we can rebound from the $1000 level towards $1.200-1.350 before the end of the week.
✅Don't forget to visit the channel there is a lot of useful information about trading.
✅Write your comments what you think about this coin.
SOLANAFinal puke across all the crypto market is due IMO, various factors pointing there, lets not get into the details.
While the whole market is screaming "Cheap" "bottom" "All-in", be aware of this scenario as this holds a very good probability.
Solana to $25s while $BTC at low $20k is what I see.
Might be wrong, NFA.
Solana is ETH2.0, Always has been.There is a decent chance we might be here
We are in the process of bottoming yes, but when shit hits the fan this hard, this often can be that process.
NFA. Wud love it, if this post marks the bottom across the board. Never go full redard #SOL #ETH
I am saving my dry powder.
Bitcoin to 34k coming Bitcoin in H4.
I hope you like the content. I wanted to keep this forum where i can share my ideas in detail and why i think so.
Execution of ideas happen in my trading forum which is has so cost price for the real honest neat and clean trades/ content
Ok let's move on , Today gona share Bitcoin in H4
As said before. Have guts , have balls to buy it's real buy and we may see momentum soon. Point to understand here is , more the fear more the blood more the opportunity, you want to grab it or not upto you.
Tech Analysis, if you zoom out and see what bitcoin did is bear fakeout, it broke the trendline downside, but keep the PA in golden pocket. It's now ranging in ultra critical point i.e. Breakout point.
Sentiments for today: I am expecting upside momentum because today's cpr is so clean and wide and there is no agility there. Ya. Price i am expecting as per W shape recovery in H4 approx 34.6k in coming days.
Bullish as long as 28k secured.
Much Love
@thebigbull9