Ethereum Is About To RIP, Here's The Best Entries

Since the last video that I made on Ethereum saying that we have not seen the signal on Ethereum Bitcoin for basically the last 3 years, Ethereum has already started pumping. So for those of you who watched the last video, congratulations. I mentioned that this would be the ideal zone to get into Ethereum, although we might not necessarily get a retracement. And in the event that we do not get a retracement, to use the order flow to start trading alongside the smart money. And in fact, this has been true. So in this video, I'm going to give you guys an update on Ethereum, especially if you missed out on this move. Like, Ethereum is about to pop. It's undeniable. The fact that we have that signal on Ethereum Bitcoin on the monthly chart. And the fact that Ethereum is now showing real signs of life means that this is only going to continue. Even if you look at ENS, this thing has pumped like 3x in the last couple of weeks. The proof is in the pudding. It's simply up to you to take advantage of this so that you do not miss out on this upcoming narrative. And that's what we're trying to do here at The Art of Crypto, just giving you the most cutting-edge alpha as well as technical analysis so that you can take advantage of this bull run to make some life-changing money for yourself. Essentially, in this video, I'm going to talk about Ethereum, going to talk about ENS, because for a lot of you, Ethereum is Way too large of a market cap. It's not going to give you the type of gains that you want from a bull market, and in that case, it's a good idea to look at ENS because it's quite literally one five hundred of the market cap of Ethereum. Right before I get into it, the Black Friday discount for the AOC Alpha Group will expire in about 48 hours. We only do one promotion a year, and if you have been struggling to get the results that you want from a bull run, or maybe you've just been missing out on all of the largest narratives so far this bull run, this is what the Alpha Group is for. We give you exact trade entries as well as compile all of the information from the internet in nice neat alpha reports so that you do not miss out on the next big thing. If that sounds relevant to you, click the first link in the description box below. If that doesn't sound relevant to you, that's perfectly fine as well. Let's just get into the video. So starting off on Ethereum, first update is that I am going to remove this limit order. While this demand zone is going to be the best, like most ideal area to get in, like the fact of the matter is that it does not seem like we are going to be retracing back here anytime soon. Now we could, potentially, but I'm not counting on it. But what's more interesting to note is that— is how strongly order flow has held so far during this run-up. So for example, these green boxes that I'm drawing out right now is areas of bullish order flow. And if you don't know what order flow means, it's simply just a fancy way to describe the trend. When you have an uptrend, you have bullish order flow. And the thing about order flow is that when you're in bullish order flow, bullish PD arrays get respected and bearish PD arrays get absolutely demolished. This is what you guys would know as a bearish order block. In fact, this is also a bearish order block. In fact, this is also a bearish order block. And you can see just how easily these bearish order blocks get traded through. Meanwhile, all of the bullish order blocks tend to get respected. This is the opposite case for when you're in a state of bearish order flow. These bearish order blocks get respected and price continues to respect them. And this is the difference between bullish and bearish order flow, or as a lot of people like to call it, a trend. The reason why I'm using order flow is it's because this is the term that smart money uses. This is the term that the institutional money uses, and ideally we want to be trading alongside the smart money and not the retail traders. The thing about order flow means that currently this zone right here between $3,700 to $3,550 is going to act as really strong support. In fact, you have already seen it, right? Price trades aggressively above this PD array, comes back down, Test the PD array and boom, right? Further expansion. If it doesn't seem clear on the daily chart, take a look at the four-hourly chart. Now this whatever I just discussed there can be applied on the four-hourly. I wouldn't recommend going too low though, such as the one-hourly chart. The risk that you run into when you go on too low of a time frame is that you run into a lot of noise, and as a beginner, it can be hard to differentiate between what is you know. For example, if we go into the one-hourly chart, you'll see that some of these bullish PD arrays tend to get. Traded through. For example, here, right, that's a bullish PD Array, and yet it got traded through. But in fact, on the 4-hourly chart as well as the daily chart, this is simply par for the course, and it's still remaining within a higher time frame bullish PD Array. So I wouldn't recommend doing this anything under the 4-hourly chart, especially if you're a beginner. But ideally, you want to be doing this on the daily. And on the daily, again, this is going to act as just a strong area for price to return to. In the 4-hourly chart, you can also see that in the volume profile, price has developed some kind of value area here. And again, just further reinforces the idea that this level is going to be strong in the event that we retrace back into this. Now another potential area that you can look into is this right here, and more specifically, if we were to narrow this down to just the volume area, could be right here at $3,890 or $3,900 to about $3,833. Now this is essentially just going to act as the first level of support before price continues upwards on this trend. And taking a look at the higher time frame, price has currently just formed relatively equal highs at the previous March high, and this is important because this is very reminiscent to what happened on Bitcoin prior to it breaking the all-time high. So if you take a look here, this was the previous Bitcoin all-time high right before like confidently breaking through the level. This was prior to the elections, by the way. It stopped short right before the Bitcoin all-time high retraces into now this is this is what I mean when I say the markets are manipulated. This is going to be a perfect example of it. This green box right here is a perfect example of a daily demand zone. I called this in the Discord. I also called this in the AOC Alpha group for those of you who are in there. This is a clear setup, right? You have your drop, that's your base, and that's your rally. And right before the elections, one week before the elections, you stop right short of the previous all-time high, retrace into a key area, and boom. I expect something similar to happen on Ethereum as well. And this time around, it's important to identify what is the value area. Even though we're not currently at the previous all-time high, which is right at about $4.8K, the setup is pretty similar. You're going to stop just short. It's also the weekends right now, so weekend shenanigans, weekend fake price action, you name it, tends to happen during the weekends. You're going to retrace back into some kind of value area. Again, your signals on the higher time frame are going to be stronger than the lower time frame. So even though I have drawn out this box right here as the first level of support, do not be surprised if you were to retrace all the way back down to here, because remember what I said about Demand zones. Well, this is a clear demand zone where you have a drop, you have an indecisive candle. This is not the best indecisive candle, I get it. And then you have a rally. So that's your drop, that's your base, and that's your rally. So the entry in this case is to expect some kind of a retracement back down to 3,600 before you start making an aggressive move to break this level. Now of course there's also a second scenario where momentum just remains. This area here Holds and price just, you know, continues, flips this previous level of— well, like, for all intents and purposes, let's just call it resistance. Price breaks above this resistance, comes down to flip it into support, and then price continues on to the previous all-time high. That would be scenario number 2. As for which one will happen, I don't know. Your job as a trader is not to predict what's going to happen next. It's to just be prepared, do your analysis, and come up with multiple scenarios so that whichever scenario— could be A, could be B, could be C— But whatever happens, you are ready to react. It's almost like crafting if-then statements. So if price retraces back into here, then I will do maybe an entry here and maybe a stop loss underneath this area, and I'm going to target the previous high over here. Now, in the case that price just shoots straight up, I'm going to set my limit here. I'm going to look for an entry here and then riding the wave all the way to the previous all-time high. This, by the way, can also lead to the previous all-time high. Don't get me wrong, but. It's the thought process that counts, right? Coming up with if-then statements and just scenarios so that you're prepared for whatever happens. But in this case, my ideal, like most ideal entry is going to be right at about $3,600, like $3,667. I'm gonna place my stop right at about $3,500, and this is gonna give me an easy 10:1 risk-to-reward ratio, something like that. And I'm gonna target the previous all-time high. It's about 8:1. Now that means for every $1,000 that you risk, you're getting back $8,000. And I'd say that's a pretty good trade any time of the day. I know that there are a lot of boxes here, but honestly, the chances that we come back all the way down to this demand zone here— like, I hope for it, trust me, I really do. But the fact that it's also a 30% retracement from current highs, and the fact that Bitcoin does not seem like it's going to just start dumping at any time soon, means that the probability that this is going to be hit is not so high. So I would really place my priority on the upper 3 levels. At least in the near future, unless anything changes, which I will be making a video on. So if you enjoy this kind of analysis of crypto from a smart money perspective, make sure you press the subscribe button because I will be making many more updates just like this. But with that said, just coming back to a little bit about probabilities. And speaking about probabilities, one other mindset that will help you immensely as a trader is to just play probabilities. The only thing that's certain about the financial markets is that it's always uncertain. And as long as you're always taking the higher probability outcome, Over the lower probability outcome, then you're always going to win, right? Again, there's no 100% certainty, but I can confidently say that these two areas getting hit is much more higher probability than this one getting hit. And when it comes to deploying your capital and choosing which area to focus on, this plays a huge role. So for now, let us remove this demand zone. Yes, it is valid. It has not yet been filled, but as how current price action is playing out, do not expect this to be hit anytime soon. And so we direct our attention to the top three. And now again, this right here would be. The ideal zone. Why? Because if we were to draw a Fibonacci retracement from this low to this high here where the move began, you can see that this bottom zone here lines up with the golden pocket of the Fibonacci retracement, which is much more higher probability than these 2 zones which are right up in the premium zone. And the easiest way that I can explain premium discount to you is that premium is anything above the 0.5 line, discount is anything below the 0.5 line. Buying something at premium It's like buying an apple at $20. Yes, you're still getting an apple, but you're really overpaying for it. Buying at a discount is like getting an apple for 10 cents. Yes, you are very happy getting an apple at 10 cents. It's pretty much free. And now smart money at every given time is always trying to position themselves into the best possible entry. And of course, common sense states that if you want to make money in the financial markets, ideally you buy low and you sell high. So in this case, this zone right here would really fit the bill of buy low so that you can sell high at the previous all-time high. So this would still be the ideal zone. Like, do not just put all your eggs into one basket. Again, it's all about if-then statements. If price just breaks through this area, okay, fine, all right, maybe it's going to treat this as a future resistance, come into this zone, and then you're going to see how it reacts. And then boom, right, if it starts showing bullish market structure again, boom, right, that's the zone. Now the target for Ethereum still remains the previous all-time high. Like, it's going to go way higher than the previous all-time high. Even like, if we were to draw a fib from the bear market low to the previous all-time high, well, Already did, and the targets for Ethereum is going to be like 6.8K and 8.8K. Probably by the time everything is done, we're going to be sitting at right at about 10K. Now for Ethereum to go much further beyond 10K, you need about a trillion dollars worth of market cap to flow into Ethereum. Now is that going to happen? I don't know. Only time will tell, but I sure hope it happens. So that is the playbook on Ethereum. Now let's talk briefly about ENS because this one's going to be very straightforward. Currently on the lower time frames, you have just formed a value area. Now this is going to become really clear the moment we look at the 1-hourly chart. You can see that we can refine the value area high, value area low right there. Now, now for those of you who do not understand how value area works or just understand volume profiling in general, all you need to understand is this: a value area is simply just an area where market participants— that means buyers and sellers— agree that this is an area of fair value for them to transact Which means buyers are happy buying here, sellers are also happy selling here. This is why markets always move from high volatility periods to low volatility periods. The market at any given point is always a tug of war between buyers and sellers, and the market is always trying to find a state of fair value, right? Or rather, a state of equilibrium. And so this is why value areas get formed. But how do we use this information? Well, there is only one thing that happens to value areas, or rather 2 things. One is you stay within the value area But the second is that you try to break out of the value area, right? At any given point, again, in cases like this, sellers are trying really hard to push price below the value area and establish, you know, just a bearish— another value area down here. But the opposite is also true, right? The bulls are always trying to push the price out of this value area because they want the price to go up. When it comes to price breaking out of the value area, again, there are only 2 things that can happen. One is you fail the breakout, and so you return back to the opposite side of the value area. Such as this: you fail the breakout, opposite side; fail the breakout, opposite side; fail the breakout, opposite side; fail the breakout, opposite side, right? Very simple. It's a lot like trading ranges, but this is just going one level deeper on you know the behind the scenes and the understanding of how the market moves. And the second scenario is that you break out, you come down to retest the previous value area high, and you continue, right? Or you break down, retest the value area low, and you have a successful breakout of the value area. Now. This is what you want to be seeing, and in fact, this is what I think will happen on ENS. Essentially, right now you have recently just failed a breakout on the value area low. Currently at the value area high, got rejected, and now you're back at the midpoint. So honestly, this wouldn't even be that bad of an area to get into ENS with a stop right underneath the swing low over here, and the target is going to be, you know, just some kind of upward expansion. Now personally, I do think that ENS is going to hit $100. Pretty quickly, like a lot quicker than people are going to expect. And so that remains my target. So at the very minimum though, if you want to be a little bit more conservative, it's going to be— you're looking at $75 or $89. Personally, I think it's going to go above $100, but again, this is just for the people that want to take profit a bit sooner or a bit more conservative. So right now, right here, it's already going to be a good entry. Now the ideal, ideal scenario would be that you sweep all of these You know, sell side liquidity areas. You take out this previous low here. You've come in to fill this favorly gap right there. So this is going to be a lot clearer on the daily chart. You've come in to fill the favorly gap right here. So you sweep all the liquidity, fill in the favorly gap, and then boom! You shoot above the value area high, retest it as support, and then boom! Right? So you have one potential entry here and the second potential entry right there. Like there's no entry that's better than the other. Obviously, in this case here, you have way more confirmation. But honestly, favorly gaps. With a liquidity sweep is such a high probability setup that you're going to be really safe taking this entry anyways. So essentially there are 2 plays. One is an entry right at about $37 with a stop at about $34.50. Or if you want to play it safe, just move your stop loss here until proven otherwise. Because like if the market goes through some kind of a flash crash again, which I don't think is going to happen based on probabilities, but if it happens, then you're going to wick down real quick before price does like a V-shaped recovery. And you definitely do not want to be caught on the other side of like just stopped out before a V-shaped recovery. We already know that ENS is bullish. This— the fact that this is showing signs of life means that the Ethereum narrative is also really bullish. So you don't want to miss out on this. So that's going to be the, like, most optimal entry. Not the highest probability that we're going to get it though. Again, you have another entry which is right here. Stop below here and then boom, price goes up. Essentially, those are the 2 entry, you know, criterias that you want to focus on when it comes to ENS. And guys, we have been calling trades over the last 3-week period to a very high degree of accuracy. If you have made money so far by watching these videos, make sure you drop a like on this video because it truly does help me out a lot. And remember, subscribe if you want to see more smart money analyses on the crypto markets. Cheers!