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this would either mean that btc would pump since eth is at muh 300$ support and thus the ratio dropping, or eth is going to get royally rekt to 250 at least.
invalid if we settle above 0.0525 again.
this would either mean that btc would pump since eth is at muh 300$ support and thus the ratio dropping, or eth is going to get royally rekt to 250 at least.
invalid if we settle above 0.0525 again.
update.. btc didnt necessarily pump, but this is close enough.
✅
✅
notes in chart.. same thing still valid overall.
$ETH
$ETH
adding this tweet in this thread as an entry example on this play.
pray 4 eth coming from this daily block.. if this doesn't hold its gunning for those December lows imo.
Don't really use FA for trading, but some good stuff came out today.. following this range for confirmation of a reaction. Some serious multi million dollar stablecoins projects from genuine sources launching on $ETH vs bears being euphoric about their eth is a shitcoin, hmm.
That being said, would like to see a SFP of that 177$ level or some support above 198$ first before playing the ethusd pair.
if you follow @SalsaTekila long enough and you see some SFP at some key support you start to think, what would a degen do here? sometimes you just have to punt a long when it doesnt close below.
SFP of that 177$ level just happened, some big volume coming in.. opening a small position for a bounce here.
similar setup.. lol 1min's but these SFP's on high volume closing this perfect often give some bounce.
and the other way around for tops:
note that this has to hinge of key htf's to make it worth a gamble, use volume to confirm
and the other way around for tops:
note that this has to hinge of key htf's to make it worth a gamble, use volume to confirm
well.. it gave some bounce, guess I kinda rushed these targets / chart, rip.
too ambitious targets for such a downtrend to be 'guessing' on that to happen.
should've posted the short setup from earlier, now I look like a fool on Twitter yo.
too ambitious targets for such a downtrend to be 'guessing' on that to happen.
should've posted the short setup from earlier, now I look like a fool on Twitter yo.
about ethbtc going for these december lows on the ratio.. I can't remember seeing a chart reverse coming down this low without taking out previous lows, not much reason why it would come down this low without doing that imo. Make of this what you want for the usd pair.
better safe than sorry.. could be the bottom, could be not, taking out these lows and getting above would show strength I'm willing to wait for.
could still bounce here ofc, but those are not really the plays I'm looking for since it broke my possible supports for a higher low.
could still bounce here ofc, but those are not really the plays I'm looking for since it broke my possible supports for a higher low.
Hello darkness my old friend.
I think the looks of this pair is the most worrysome about the state of crypto atm.. Looks more and more likely to go and take out that December low, question is how that will manifest in the usd pairs overall.
I think the looks of this pair is the most worrysome about the state of crypto atm.. Looks more and more likely to go and take out that December low, question is how that will manifest in the usd pairs overall.
Yes we've dropped this whole way already, but that ethbtc chart looks like a puke coming up in my opinion, which has been recovering on most bounces and bearish on drops.. we're at support and all that and yeah we could bounce etc inbe4 this is the bottom but be safe yo.
Man this sounds like capitulation with this timing but w/e, we'll see.. could take some time to play out.
or not
or not
sometimes staying bearish is oke
$ETH
$ETH
staying neutral / bearish until ETHBTC clears either one of these levels.. it's either:
A) Bitcoin pumps, ethbtc dumps
B) Bitcoin dumps, eth dumps harder
C) We break that grey resist and everything starts pumping
Until it gives me either of those I won't be picking bottoms.
A) Bitcoin pumps, ethbtc dumps
B) Bitcoin dumps, eth dumps harder
C) We break that grey resist and everything starts pumping
Until it gives me either of those I won't be picking bottoms.
Was away for the weekend so didnt see much of this last dump, bounce looks / looked promising, but I like following ETHBTC for my bias. Other times when bitcoin was bullish, ethbtc was too and vice versa.. and this chart still looks dumpy / undecisive, and so is the rest.
So imo it's either BTC shows bullishness by decoupling, or ethbtc moving up confirms overall bullishness aka people taking more risky positions in crypto again, or ethbtc shits the bed and resembles an overall bearish bias for crypto atm.
still not much updates in regards to crypto from me.. as long as this is sliding into the abyss and btc not gaining momentum there isn't a long (hah) term play for me.
intraday moves are mostly noise / not decisive to me then which allows me to shift some focus to fx for now.
intraday moves are mostly noise / not decisive to me then which allows me to shift some focus to fx for now.
anddd here comes the puke
it's sad really
it's sad really
ok ok SFP to save the day i'll close already then :(
poloniex puking, day late but oh well.. expecting other exchanges to take that low too, should indicate the momentum for both btcusd and ethusd imo.
Feeling like a repeating record here, but.. If ethbtc is / was bullish when btc is bullish and vice versa and it just starts sliding down and has clear targets below, it would be more logical to me to assume that btc will keep sliding too instead of suddenly decoupling.
My main way of picking reversals is when key stops are taken and market breaks structure after.. and since to me this market is interlinked and ethbtc can act as a sentiment indicator, sortof as a risk on / off scenario, I'm willing to wait for ethbtc to reach these stops.
If it does it saves me all the hassle of hoping my picked bottom holds up, and if it doesn't it at least kept me from trying to buy every dip since we went below 6k and I get to maybe buy higher than the bottom but at least get in with the momentum.
inbe4 this is the bottom this time around or w/e.. doing it this way left out potential stress to me and I haven't had to bother with btc much for the last month (besides closing my shorts too early 🤤) which has had it merits too.
that being said this looks like one of our best attempt yet to hold a low imo, especially since its doing this right below another low.. lot of people shorting but price not really going down, hmm.
If we cross grey I'll long the retest to take out 4050+.
If we cross grey I'll long the retest to take out 4050+.
4h + daily things:
combining that with patience to wait for a retrace and using the same as in the 3rd image here it all comes together:
Yes you maybe miss the exact low or whatever, but once it has taken the stops and the plan is to move upwards, it most often won't waste much time and you're thus able to 'know' where to place your stops and get effective setups with momentum behind them.
Never crossed that grey zone, this is why I like to wait for key zones to show what they do.. new decision point coming up, added some arrows for the the moon chart vibe.
so uhh.. 2 down, some chop and then 2 to go?
pls
pls
inbe4 I sound like a permabull.. I've been bearish until $ETHBTC took out the Dec lows in this thread on Poloniex, crypto started reversing *for now* a few days after it took the lows which was a perfect tool for bias.
Price hitting key HTF levels = HTF level reaction / bounce.
Price hitting key HTF levels = HTF level reaction / bounce.
