💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing BTC on the 4-hour timeframe timeframe .
👀 On the 1-hour Ethereum chart, after last night’s rally, ETH hit a new all-time high but was rejected and is now moving downward while maintaining its uptrend.
⚙️ Key RSI levels are 50 and 30. Breaking these levels with high volatility could trigger ETH’s next move in either direction.
🎮 Fibonacci drawn from the Jackson Hole event to ETH’s all-time high shows the 0.61 level as a key zone. Losing this could lead to a deeper correction. The 0 Fib level at $4,852 acts as a breakout zone for long trades.
🕯 Red candles are relatively large, but ETH’s pullback is milder than Bitcoin’s. It’s currently at a decision-making zone with a new structure forming.
🪙 ETHBTC pair shows whales are undecided after last night’s drop. The alarm zone for the ETH/BTC pair is at 0.04218; a break above could spark a new bullish leg for ETH.
🔔 ETH’s alarm zone for longs is at $4,852.52. A breakout here with increased volatility and volume could push ETH to higher highs.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing BTC on the 4-hour timeframe timeframe .
👀 On the 1-hour Ethereum chart, after last night’s rally, ETH hit a new all-time high but was rejected and is now moving downward while maintaining its uptrend.
⚙️ Key RSI levels are 50 and 30. Breaking these levels with high volatility could trigger ETH’s next move in either direction.
🎮 Fibonacci drawn from the Jackson Hole event to ETH’s all-time high shows the 0.61 level as a key zone. Losing this could lead to a deeper correction. The 0 Fib level at $4,852 acts as a breakout zone for long trades.
🕯 Red candles are relatively large, but ETH’s pullback is milder than Bitcoin’s. It’s currently at a decision-making zone with a new structure forming.
🪙 ETHBTC pair shows whales are undecided after last night’s drop. The alarm zone for the ETH/BTC pair is at 0.04218; a break above could spark a new bullish leg for ETH.
🔔 ETH’s alarm zone for longs is at $4,852.52. A breakout here with increased volatility and volume could push ETH to higher highs.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.