#Shark Bite! ( ETH)
تم تحديثه
How famous patterns can be deceptive sometimes! Previously we talked about the possibility for shark pattern or 2B pattern for ETH as a warning for people here,
At the same time ETH and BTC, Market cap as well were showing C&H patterns which spread more fomo in market Although the market has been in an uptrend for some time. but what made some people disagree with the last idea for ETH is the market statement and their strong feeling about the more bullish move and chart support that with C&H pattern.
Today there are many charts talking about Ethereum is likely to hit $1750 or lower than that, Yeah, why not, but ETH already dropped by -50%, but the point we want to say is the bullish chart in the bearish market is like an alert and you should take care and study it, and same with a bearish idea in the bullish market, both are coming to warning you. But the mentality of the majority is the opposite, People always want to hear what they like. If you have an opinion that does not agree with their whims, you will face many difficulties, even if your opinion is correct, their pride will push them to deny it completely and bully you.
In the market, if you are one of these people, then you belong to the herd mentality, and this will cost one thing, which is mostly loss. Therefore, always accept all opinions, study all possibilities, and prepare a plan to help you deal with what is coming. The market needs neutrality in analysis, bias in trading, with a plan which supports both sides. This takes many years to get used to, but in the end, it's a key that makes you prepare for what's coming.
In the last update we posted on 28 Oct, we talked about a chance for a Shark pattern (2B pattern) like BTC and said this shark pattern (2B pattern) gives a negative performance for bulls Especially after they failed to stick to the top of the new peak! and complete breakout for C&H pattern.
What you need to know, is if the bears take the lead again, probably we will see ETH back to $2700/1900 once again! and to avoid this, the bulls need to reclaim $4200 with weekly closing above it. and new ATH levels will be confirmed. You can read the whole update from Here
After that ETH got another peak to liquidate traders who shorted ETH from $4350 then price dropped and Shark pattern converted to AB=CD we posted this pattern below BTC updates and it was done by 98%, in that time we didn't give more attention to ETH and we kept our focus on BTC movement until today. We even completely forgot to keep updating this public idea however these common ideas from some of the analysts here are what made us remember the chart.
Sorry for the long text, But let's go back to the Chart.
We can see ETH almost complete 75% of AB=CD pattern and showing final target at $1700/1550 in the same time you can extract Some possibilities for the current movement in the case if ETH holds above $2250 without weekly close below, these possibilities give ETH a chance to visit $3000 and in the case market revived again and ETH breakout $3000 this will give it a good push to $3500 But even if that happens, the chart is still negative for Ethereum. ( you need to be careful if you looking to trade ETH always set tight SL). So ETH needs to back above 4000K to erase any negative momentum and start the green wave again.
Otherwise, $1750/1550 is the next major support for ETH as long as it moves below $4150 weekly and we set it as a trading level at our ETH plan. If ETH went Below $1550 means ETH got rekt and more dump coming and at is same time BTC has a hard time so be prepared and always set a plan.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short ETH or use leverage or trade BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) any signals we share with you are our personal trades, and following it or not is your own decision and at your own risk. our signals come with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
At the same time ETH and BTC, Market cap as well were showing C&H patterns which spread more fomo in market Although the market has been in an uptrend for some time. but what made some people disagree with the last idea for ETH is the market statement and their strong feeling about the more bullish move and chart support that with C&H pattern.
Today there are many charts talking about Ethereum is likely to hit $1750 or lower than that, Yeah, why not, but ETH already dropped by -50%, but the point we want to say is the bullish chart in the bearish market is like an alert and you should take care and study it, and same with a bearish idea in the bullish market, both are coming to warning you. But the mentality of the majority is the opposite, People always want to hear what they like. If you have an opinion that does not agree with their whims, you will face many difficulties, even if your opinion is correct, their pride will push them to deny it completely and bully you.
In the market, if you are one of these people, then you belong to the herd mentality, and this will cost one thing, which is mostly loss. Therefore, always accept all opinions, study all possibilities, and prepare a plan to help you deal with what is coming. The market needs neutrality in analysis, bias in trading, with a plan which supports both sides. This takes many years to get used to, but in the end, it's a key that makes you prepare for what's coming.
In the last update we posted on 28 Oct, we talked about a chance for a Shark pattern (2B pattern) like BTC and said this shark pattern (2B pattern) gives a negative performance for bulls Especially after they failed to stick to the top of the new peak! and complete breakout for C&H pattern.
What you need to know, is if the bears take the lead again, probably we will see ETH back to $2700/1900 once again! and to avoid this, the bulls need to reclaim $4200 with weekly closing above it. and new ATH levels will be confirmed. You can read the whole update from Here
After that ETH got another peak to liquidate traders who shorted ETH from $4350 then price dropped and Shark pattern converted to AB=CD we posted this pattern below BTC updates and it was done by 98%, in that time we didn't give more attention to ETH and we kept our focus on BTC movement until today. We even completely forgot to keep updating this public idea however these common ideas from some of the analysts here are what made us remember the chart.
Sorry for the long text, But let's go back to the Chart.
We can see ETH almost complete 75% of AB=CD pattern and showing final target at $1700/1550 in the same time you can extract Some possibilities for the current movement in the case if ETH holds above $2250 without weekly close below, these possibilities give ETH a chance to visit $3000 and in the case market revived again and ETH breakout $3000 this will give it a good push to $3500 But even if that happens, the chart is still negative for Ethereum. ( you need to be careful if you looking to trade ETH always set tight SL). So ETH needs to back above 4000K to erase any negative momentum and start the green wave again.
Otherwise, $1750/1550 is the next major support for ETH as long as it moves below $4150 weekly and we set it as a trading level at our ETH plan. If ETH went Below $1550 means ETH got rekt and more dump coming and at is same time BTC has a hard time so be prepared and always set a plan.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short ETH or use leverage or trade BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) any signals we share with you are our personal trades, and following it or not is your own decision and at your own risk. our signals come with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
ملاحظة
On the update above we mentioned "for the current movement in the case if ETH holds above $2250 without weekly close below, these possibilities give ETH a chance to visit $3000 and in the case market revived again and ETH breakout $3000 this will give it a good push to $3500 But even if that happens, the chart is still negative for Ethereum. ( you need to be careful if you looking to trade ETH always set tight SL). So ETH needs to back above 4000K to erase any negative momentum and start the green wave again."Right now, the chart shows ETH has jumped to $3500 but until there is no weekly close above $4000 and as long it is not done yet, ETH has a chance to make retracement to $3000/2800 again so be careful.
🙏we ask Allah reconcile and repay🙏
ملاحظة
In last update we said the chart shows ETH has jumped to $3500 but until there is no weekly close above $4000 and as long it is not done yet, ETH has a chance to make retracement to $3000/2800 again so be careful.
Then ETH Dumped to $3000/2800 for the last 5 days ETH shows good stability above $2800 if this trend holds there will be another chance to revisit $3200/3500
if you looking for a trade you can take it with tight SL Ps: on your own risk be sure you are following risk management.
🙏we ask Allah reconcile and repay🙏
ملاحظة
ETH fail to hold and breakdown trend line be careful incoming support at 2250/1950🙏we ask Allah reconcile and repay🙏
ملاحظة
ETH got massive dump to reach out the second PRZ levels at $1050 directly Right now ETH trading around $1050/950 this area will be good for short-term operation if BTC got rebound from current levels
be careful BTC still have another dip will be around $600/$400
🙏we ask Allah reconcile and repay🙏
ملاحظة
ETH got a nice rebound from $1050/950 to $1600 right now!in the case if ETH fail to breakout 1700 / 2400 weekly then there will be another sell to $1300 / 1050 breakdown next PRZ will be around $450
🙏we ask Allah reconcile and repay🙏
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
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