BTC & ETH Trends for the week

[brives887]

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle. It has also moved over the MA 100, indicating that it will continue to rise.
In my opinion, a retest of the 30K zone is needed to close the gap before going on to the 34K zone, where the MA100 is now located on the 1D chart.
It's too soon to foresee the result of this current week, yet in view of the ongoing move, this will be the principal green week, since we have continually tried the lows to get greater liquidity on the lookout, so a bullish move is logical.
In addition, the MFI (Money Flow Indicator) on the LTF (Lower Time Frames) has turned positive, indicating that money is coming back into the market.

This week for ETH

Ethereum then again is as yet battling to close over the balanced triangle, dissimilar to Bitcoin which has previously broken.
On the 4H chart, we can observe a clear breaking point, as well as a climb above the MA 100, which was previously used as support by the bulls.
The next major hurdle that the ETH bulls must overcome is around 2230$. Trade ETH with mexc.com
We see a clear bullish volume increase in the last few days, the MFI has also turned bullish, suggesting that money is entering back in the market. If the bulls defend the 1900 zone, we could see a push towards the 2230$, on the 1D chart the MA100 is currently sitting at 2719$.

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[RussianEnglishTranslation]

I'm more bullish on BTC than I am on Ethereum right now (CNDL, FTM, NEAR). I think that Ethereum, as an L1 has a lot of competition and will not remain in the top 2 position long, despite its new burn mechanism.

[MFahad]

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

[jossiel]

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

We have the same analysis with Ethereum, it never gets old and still one of the best altcoin to accumulate.

No doubt for bitcoin will remain at the top as it's the king and the same goes for Ethereum. At this time, it's hard to see that Ethereum will be replaced by another coin.

And if it does, I think the closest one will be BNB but it's still far from reaching its end marketcap the same with Ethereum. Just get to have both of them and you're all set for the next bull.

[Johnyz]

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

This is why many can’t still defeat ETH because its simply good and it continues to grow as well.
Many new altcoins tries to destroy ETH yet they failed and by this, I believe this is worth holding and I know if you do hold more of this two top coins, there’s a higher chance of making profit. Well, we should always analyze and never go all it, it is still good to have many options.

[Reatim]

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle..

This week for ETH

Ethereum then again is as yet battling to close over the balanced triangle,

but what about today? again both coins are battling to at least maintain their position to greening but yet? not to happen because the price now starts dumping back and market is showing red wave again.

I think we can hardly see a complete week of increase in our days now.

unless we start spiking when The halving season comes.

[Tony116]

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

Sure, bitcoin and ethereum will always be top. A lot of altcoins came out and most were advertised as ethereum destroyers but then there wasn't a single altcoin that could compete with ETH. For example SOL was once considered an ETH killer, yesterday the Solana network crashed, resulting in the entire blockchain being halted and disrupted. This is the 4th time in 2022 SOL has encountered a problem. This is clearly a failure in trying to beat ETH.

[andyou1234]

I see the movement of BTC and ETH is very stable this week, where the increase and decrease are very reasonable, that's why many crypto users make bitcoin and ethereum their main investment in crypto, apart from that until now there has been no other coin that can succumb the popularity of the two coins, and until now BTC and ETH are still ranked 1 and 2 CMC.

[el kaka22]

I get that bitcoin may have a chart looking like a prime place to buy, but we should be careful because that is what bitcoin does when it is sideways. I ends up looking like it will go up, then it goes up a little, then it looks like it will go down and it goes down a little.

Just because MA has reached over 100 doesn't mean that it will go up, it just means that right now the direction is up again but that will end up with a bit of a drop in the end again. This is why we should be focusing a bit more towards something more cautious when we are investing. That will result with a good investment where you know it will go, instead of just hoping the chart is right.

[GreatArkansas]

When the month of June started, what I noticed also was that Bitcoin started to get strong above the $30,000, it keeps bouncing again and again if ever it is dropping or below. With the month of June candle closed above $30,000 I really believe that it month of June is bullish for me on Bitcoin and Ethereum, Ethereum is almost following the price action of Bitcoin now.

[coco23]

This week for Bitcoin
~

This would be way better readable/understandable coming with a chart. In general I agree that after the heavy downtrend of the last weeks it is time for a break with some counter-movement a bit back up. Let's see how far it can go up before the sellers appear in larger numbers again. Somehow I don't expect the end of the bear market just yet, it might go on for a couple of months longer.

[traderethereum]

This week for Bitcoin
~

This would be way better readable/understandable coming with a chart. In general I agree that after the heavy downtrend of the last weeks it is time for a break with some counter-movement a bit back up. Let's see how far it can go up before the sellers appear in larger numbers again. Somehow I don't expect the end of the bear market just yet, it might go on for a couple of months longer.

The current movement of bitcoin is better than a few weeks ago because the bitcoin price has been able to return to the $30k level, although sometimes the price can drop back to $29k.
This situation made the price of bitcoin go up and down and it seems that now it has entered a recovery phase from altcoins and, of course, bitcoin.
But that doesn't necessarily guarantee that the price for bitcoin and altcoins will continue to increase, considering that the bitcoin price has not been too high.
So we still need to be patient to wait some more and just keep holding our coins tight.

[RussianEnglishTranslation]

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle. It has also moved over the MA 100, indicating that it will continue to rise.
In my opinion, a retest of the 30K zone is needed to close the gap before going on to the 34K zone, where the MA100 is now located on the 1D chart.
It's too soon to foresee the result of this current week, yet in view of the ongoing move, this will be the principal green week, since we have continually tried the lows to get greater liquidity on the lookout, so a bullish move is logical.
In addition, the MFI (Money Flow Indicator) on the LTF (Lower Time Frames) has turned positive, indicating that money is coming back into the market.

This week for ETH

Ethereum then again is as yet battling to close over the balanced triangle, dissimilar to Bitcoin which has previously broken.
On the 4H chart, we can observe a clear breaking point, as well as a climb above the MA 100, which was previously used as support by the bulls.
The next major hurdle that the ETH bulls must overcome is around 2230$. Trade ETH with mexc.com
We see a clear bullish volume increase in the last few days, the MFI has also turned bullish, suggesting that money is entering back in the market. If the bulls defend the 1900 zone, we could see a push towards the 2230$, on the 1D chart the MA100 is currently sitting at 2719$.

Good luck with that. I think TA has proven to be a meme. You can't plan market pump and dumps by whales and insiders or world events before they happen. Only insiders and exchanges make money trading in unregulated markets. You might as well play the slots with your money (actually, some people are doing that right now with their ETH and 0xMR on betcrypt365 and lnocasino because it's the fastest way to recoup your losses). Anyway, my strategy has been to buy POS projects like NEAR, Celo, and ICP and stake them. When the market rebounds I will have 10-20% more coins to sell at the top. For me, this is better than trying to time the market , especially because you never know when the next bull market will start and you don't want to be left behind holding inflationary dollars.

[bittick]

TA will never work. This is just a random speculation, the sentiment of market and global economic situation is the main thing that affecting people to invest but these days we do know that so well how bad the global economic. So many countries were facing very big inflation. People need case and it's hard to say that whether they wanna try to use their money to buy crypto or not. TA was a garbage prediction for now.
I saw bunch of people predicting another pump after bitcoin reached 32 but it was going down again last week and became a bulltrap. It's still remain unpredictable.

[hyudien]

When the month of June started, what I noticed also was that Bitcoin started to get strong above the $30,000, it keeps bouncing again and again if ever it is dropping or below. With the month of June candle closed above $30,000 I really believe that it month of June is bullish for me on Bitcoin and Ethereum, Ethereum is almost following the price action of Bitcoin now.

Early June we are still seeing bitcoin price bouncing off to believe that as long as Bitcoin is above $30K it will be fine. Anyway, this bounce pushed over $31K+ by the time I typed. So I'm pretty positive Bitcoin can provide quite a long boost before it finally faces another long bear season.

[crzy]

TA will never work. This is just a random speculation, the sentiment of market and global economic situation is the main thing that affecting people to invest but these days we do know that so well how bad the global economic. So many countries were facing very big inflation. People need case and it's hard to say that whether they wanna try to use their money to buy crypto or not. TA was a garbage prediction for now.
I saw bunch of people predicting another pump after bitcoin reached 32 but it was going down again last week and became a bulltrap. It's still remain unpredictable.

TA works, you just need to do it patiently and consistently.
Traders made a lot of money because they analyze the market most of the time and by doing this you can actually predict the next trend but of course there’s still a chance that its not accurate but still, its advisable to analyze than to make any guess. Its good to see green candles again with Bitcoin, this might be the start of a new trend for this year.

[poodle63]

seems like the bearish isn't here for long. but then again the trend for the market could be very well going reversal direction because so many of the so called analyst already calling out btc gonna have another waves of having huge market correction.
If that truly happens and we gonna see the next waves of market correction then it's a doomsday for altcoins. Already down 90% at the first wave is bad enough, and if btc ever touches sub 20k ever again then say goodbye to most of the altcoins with low quality use case.

[Oceat]

seems like the bearish isn't here for long. but then again the trend for the market could be very well going reversal direction because so many of the so called analyst already calling out btc gonna have another waves of having huge market correction.
If that truly happens and we gonna see the next waves of market correction then it's a doomsday for altcoins. Already down 90% at the first wave is bad enough, and if btc ever touches sub 20k ever again then say goodbye to most of the altcoins with low quality use case.

After I've seen a multiple pattern of price up and down plus we are already in a bear market, I concluded that there's no way this market will have an upper reversal that would pump above $31k. The only way it goes is below $30k and that's it or there will be much worse than that and that would be below $20k. It might happen next year or before the halving a year before it happens based on the chart patterns and I expected this to happen already since that's how the market works.

It may be unpredictable but those prices will come in no time since I don't think it will stay for $30k-ish this long cause I've seen a pattern like this when the price was $10k - $15k.

[adaseb]

It will be a very choppy month in my opinion. Even stock market is getting very choppy. Right now we are waiting on the inflation numbers and then we listen to the hints we get if the fed will raise rates or not.

If the numbers are not too far off from expected then we will just chop around. Unless we get a very low or high number which will make the fed either stop hiking or hike 75bps points or something crazy, then we will get wild swings.

However it might trade sideways until the end of Summer like 2018.

[Oshosondy]

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

This does not change the fact that ethereum is a centralized coin unlike bitcoin, it may be one of the coins of the future though but countries that have adopted  bitcoin as a legal tender are doing so because bitcoin is decentralized and more of the coin of the future in my opinion. You can convert all your other coins to ethereum, there is nothing bad about that, ethereum is good because as ethereum network miners are accepting transactions, certain ether are burned and makes ether to be deflationary.