Ethereum Towards $200 Again ?!

what is up everyone welcome to my youtube channel there's a scramble from emotionless crypto trading and today we're gonna continue with the video presentations of technical analysis regarding aetherium other discussions of the market and everything that you can monetize in trading activity is going to the discuss today would clear data reference so here we go with a movement that is representing thirteen point sixty two percent in the last twenty four hours for the etherium price reaching above one hundred seventy bucks and having a market kept very very close to twenty billion dollars which actually by the way represents a resistance line to us it was pretty major in the past and if we're ready to break out of that we're gonna go pretty powerful its hacking two hundred dollars per token and that's gonna be amazing so here we go guys the environment is starting to recover and we have seen some great movements that happened over the last few days in a row which speaks about the nature of the market that is totally different compared to the times when you have a green day well the next one is a red day and keep going back and forth like that with the totals of bearish based dominating the spice at this Sun is simms we broke out of some important resistance line which could establish a longer-term dominance by the boss remember I said could establish and we're gonna find out why it could establish and why it didn't establish yet even though the percentage is high on thirteen point sixty two Bitcoin is following all coins are do happy to share an average of 7% increased in the last 24 hours so things are building up quite nicely and for the total market cap is something that we were able to achieve a milestone on breaking out of the 200 billion dollars resistance so things are building up nicely the question is is this a false recovery face that is having a limited power and the Bears are gonna step in and crash the markets down below 100 bucks per aetherium in the mak'st week or so or this is just the beginning of a trend which is going to push aetherium back to $300 Bitcoin about 10,000 and we kind of find some stability in this industry well the American German European Japanese Asian markets are suffering we're talking about traditional markets which are suffering now in the meantime I'm gonna get into the things us usually what we have here is a bearish divergence which is not a good sign by the way a bearish divergence means that we have a market on the candlestick side which represents an increased price during the time frame which is exactly what's happening here the price is following an uptrending channel that is quite aggressive so compared to the RSX indicator which is having its tops forming lower highs what that means well market is going up indicator is going down this is called bearish divergence and it has a probability of confirmation of 80 percent the pattern is going to end up in a bearish way while 20 percent is going to be the unexpected bullish way so right now we're kind of still into the category of 80% we're gonna see a pullback that's what we're seeing here 80% pullback the question is how powerful is this pullback gonna be are we going to see a pullback representing because right now we have from the time we started to increase about 18% if the pullback is 60% out of this 18% the entire pattern is going to end up in a bullish I'm sorry in a bearish structure if it's more than 60 so it's even though 60 that's already problematic 60 percent out of this 19 well 50 is about out of this 18 15 50 is about 9% 60 is about 10% very close to that so if the pullback is 10 percent which means that if we have a price going down 256 $155 then the entire movement is going to end up in a bearish way I'm just gonna pull this to the left force to understand how it goes so if this goes down to 155 then the entire structure is bearish we have to expect continuous bearish movements if we're capable finding a limit somewhere here and then bounce back towards which were expecting by the way then they were not gonna end up in a bearish way and the entire structure even though it had a little pullback it's gonna end up in a bullish way right so the bearish divergence is a pattern which is having right now a probability between 80 and 20 which means that is gonna appear pullback if that 80% is going to be confirmed if that 80% is not going to be confirmed we're gonna continue right now towards and go pretty powerful going towards to the two-hour candlestick where we have some data coming out this data on to our candlestick shows us that we've just got out of a resistance line which kind of formed a powerful channel during March it sustained with supporting resistance like multiple times on the confirmation rate and the market was not capable getting out of it for a quite long period while always getting supported in the meantime and we can see that right here it was an amazing support the best one happened right there during this phase of what was that that was end of March 28 29 30 1st 2nd 3rd of April this was the time we kind of got suppressed just like you can see our tops are pretty low look at that you know they're forming lower and lower movements but here we kind of switched the phase and we established movements that started to go up so the time was the 1st of April very good timing very good timing because we have kinda saved the market which ended up in a very very high suppressed resistance line at a time of 6th 7th of a pearl and they break out happened over there so it's fine it's beautiful from this perspective even though we get a pullback like a set and take a look at that if we got to pull back on the line to retest this and then go parabolically that's fine the pullback is gonna be around 1 6 to 6 which is above what I just said earlier of 60% down from what we have increased and that will resolve around 155 so 166 is still far you don't need to transform yourself in a dramatic trader in a dramatic person viewing the market that it's kind of the end part of the market here and we're gonna see another collapse it's not that easily to see collapses back and forth every day especially that prices are very very cheap guys $175 per aetherium was a few years ago was a few years ago even though right now the economic old world is not looking bright and things are not really really in the way we would have expected to be at the end of 2019 when we were giving out all sorts of beta predictions regarding 2020 that's why I said you have to expect the unexpected and consider all the probabilities you don't have 100% security for a direction or the other it's never like that in trading so the next resistance line is gonna be the 201 which is very powerful and it is the most powerful are the current structure we're dealing with 200 bucks it would get out of this week and cheer we're gonna be very happy because we're realistically starting a bull run until that we're just trying while here the one-day candlestick shows us compared to the two-hour candlestick representation the one-day is a little bit different because it speaks for long-term it's fixed for six months a year and in order to see a bull run that is intended to go like that for a six months year and so on you need to break out of the resistance line that it's sitting at the table while the median on is basically something we broke out of right now the support line has been dealing with us very very nicely on 13 of March bringing us to the possibility to retouch the median line out of which we broke out just like you can see the high volume of trading appears right there on the candlestick after the breakout it's a long green candlestick which is showing us that traders have used the pattern I am putting on the screen right now and they reacted to the breakout so they bought into the market seeing the breakout this is why the language of the market is common for all of us which are trading we do you have the same screen setup even though we're not living in the same room we don't have the same praying we do have the same language of the market on the charts which are explaining us 1 we have to react how we have to read and this is how there is a general movement of the market because there is a general way to read the charts correctly there is only one way to do this correctly there is not many ways to do it correctly as many purses in the world are no this is only a single way to do it so there's the proof guys when the breakout happens the market goes out so just like you can see the resistance line at the top for now is about 260 270 so it's quite away from us there's another hundred bucks on the top of the current price to touch that which is not going to be an easy deal during the current market scenario in movements we have to struggle with that and we've got a couple of resistance lines that we need to break out which is like 200 bucks powerful 250 psychological as well and when in traditional markets to help us as well we need the economical announcements to help us if America is getting back on track and they pretty much eliminate partially or totally the lock down out of the society things are gonna get back on a very very high movement some of the people will bind in a space of crypto when lock down is going to be stuck until that there is no exchange there is no economical power and there is no movement in consumption which is not permitting us to truly see a bright future of the cryptocurrency underthings are gonna set up on the right track which means that people need to get back to the normal living and I'm sure that makes sense to you as well other thing that I wanted to show you is the fear and greed index which is an indicator that is collecting informations from the online world regarding post announcement forums comments and everything that is related to the sentiments right so this is an approximation it is not anywhere near to be a hundred percent accurate and is just Rana with us an indicator based on the keywords they are finding on titles on the text which are reflecting either fear or greed the pants so the way we see right now is that the media is actually pushing a lot of the fear on the road because that's where the market sentiment is on the fear so the post they're generating is actually the ones that are generating the fear and I is true a such an economical situation of the world and the coronavirus are around the corner it does generate instability for people and that is bringing down to fear this is the normal human reaction when there is danger going on to raise the bar and you know in the weights explain here that it's fear it might not be the perfect word to utilize I would say cautious you want to know exactly what you have to do and how to protect yourself what's gonna be your future predictability on the financial side on the on your job on your production and so on which is you're obviously not generating the best moments for you but again what is the market sentiment right now is obviously down yesterday it was 12 today's 20 last week is about 12 what does it mean well it has increased why because we have seen some numbers on the Spain on Italy decreasing as per coronavirus deaths going on in the last hours so we have seen those decreasing that helps the sentiment of the market on the other side we've got the breakouts guys look at that how do you want to market to react when they see such a movements such a percentages obviously it's better than the last time but it's still it's still in the fare zone right so it's still in the fare zone and don't forget that they do run analytics on the results that they find on the market and pretty much you're not able to predict anything based on that you're just running a scanning through the posts through the media that is going around and you're pricing lis scanning the results of the actions that are happening within the market right so that's all how it works and for those who are looking to become professional traders just thought you know scrum do coaching calm is right here running a promotion for April we have five spots on their promotion with a discount of $500 for those who are looking to start training become professional traders and learn how to do this activity professionally from home one-on-one with me in my private coaching during four weeks of intensive work feel free to complete the form I'll get back to you on your email we can schedule up a free Skype call where it can explain you more but before that watch the video explaining it all check out the entire website make sure you understand everything all around there and we'll talk to you soon check out scramble coaching calm and have a great day make sure you subscribe to my channel for future updates hit the like button that's gonna help me a lot Anwar talk to you soon