ETHBTC trade ideas
#ETHBTC at Key levelHistorical (2020):
Pre-Bitcoin Halving Pump (January 7 - February 15, 2020): There was a significant increase in Bitcoin's value leading up to its halving event.
Post-Pump Correction: Following this pump, the ETH/BTC pair corrected downwards until the actual Bitcoin halving event.
Post-Halving Surge: After the Bitcoin halving, the market observed a notable surge.
Current Market Observation:
ETH/BTC Analysis: Currently, there's a bullish divergence observed in the ETH/BTC pair across various time frames. While the price is declining, the Relative Strength Index (RSI) is trending upwards, indicating potential strength in the market.
Future Speculations:
Bitcoin ETF Approval (High Probability) : You anticipate that there's a 90% chance of a Bitcoin ETF being approved.
Impact on Ethereum (ETH): Following the approval of a Bitcoin ETF, you expect that an Ethereum ETF might become the next focal point in the market narrative.
Critical Support Level: For this bullish setup to remain valid, it's crucial that the bulls defend a specific price point, which you've identified as 0.047 satoshis.
Uncertainty and Expectations:
You acknowledge that while the setup looks promising, it's still uncertain whether the patterns observed in 2020 will repeat. Time will reveal how the market dynamics unfold.
My analysis combines historical market trends, current technical indicators, and future speculations based on possible market catalysts like ETF approvals. It's a comprehensive view that considers various factors which could influence the cryptocurrency market, particularly the relationship between Ethereum and Bitcoin. Remember, cryptocurrency markets are highly volatile and unpredictable, so it's essential to approach such analysis with caution and consider various scenarios.
Ethereum potential -85% vs BTC price (Triangle has broken) 8 YRS
I still watch this pair every day even though I dislike the entire Ethereum ecosystem.
But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!.
And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum can recover from this if it starts to accelerate.
There's no easy way to safely short the ETH/BTC and again there's more profit on the Bitcoin long side that inherently will decay the ETH/BTC pair.
And also I still know the Ethereum community is as fragile as francium-223 meaning it won't take much for the Ethereum experts to capitulate back into Bitcoin.
A Word Of Caution For Ethereum ETH/BTC
Great spot for a very small speculation entry.
Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent.
I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC.
(note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom.
I wish this chart would do something. . . .
Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain.
But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend.
LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
ETH - POTENTIAL WEEKLY BULLISH DIVERGENCEAn update on last week’s chart. ETH has finally made a lower low on price vs. BTC on the weekly chart, something I have been watching for for over a month. This gives us potential bullish divergence coming out of oversold RSI on the weekly chart, a huge signal of future upside. Weekly divergence can take months to play out, and we can see the divergence remain valid even with much further upside. Further, it does not even become a divergence until we see a clear elbow up on RSI to give us the confirmed higher low.
This adds to my conviction that ETH will outperform in 2024. I am starting to nibble again.
Why Whales Buying ETH ?If you look at the supply-demand ETH/BTC pair historical chart and BTC halving you will see the correlation with every halving and a bull run.
There are ways to interpreted
I always find the ETH/BTC pair as another "tell" or tool to reference the overall market trend
Blockchain Bull and Bear Cycles RoadmapThe future is already written on cycles. Waste no time, the demand for ETH and ALTs is about to explode and you should be paying attention because right now is the best time to change all of your BTC for ETH and enjoy a more profitable run.
After we get the current support, the bear will begin only in 2026 at resistance, while the next bull is already scheduled for 2028.
See you there.
ETHBTC not above 31MA: ETH bleeding until 2025Q1?Last time ETH started to dominate BTC after hitting two times the 31MA. This may take still a long time to arrive. Coming weeks should be the determining moments for ETHBTC ratio.
WILL ETHEREUM FINALLY PRINT BULLISH DIVERGENCE?I have been sharing this idea for months, ever since Ethereum hit oversold on the Bitcoin pair for only the fourth time in history. Each of these incidents has marked a bottom.
This time we also have potential bullish divergence, which will require a weekly close below .052. Right now price is there. This would make a higher low on RSI and a lower low on price. Next we would need to see a clear elbow up on RSI to confirm, so this could take a few weeks yet to come to fruition.
Weekly divergences can take a VERY long time to play out. It does not mean this is the bottom, but it is a clear sign of bottoming and one that I will be buying aggressively with bullish Ethereum in mind for 2024.
ETHBTC - Potential Bottom (Channel) A curved channel clearly showing bottoms and peaks. A rise to the middle of this channel would put ETHBTC at around 0.12.
Big rise.
ETHBTC 70% upside opportunity within range HTFETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is 0.086 ETHBTC. It may or may not subsequently go higher than range top. That will require a follow-on assessment.
Bitcoin Maxi hopium ETH/BTC bearish long term?The Eth/Btc chart is reaching a critical decision zone with the orange trend line going back 7 years. I confirmed break down could signal severe underperformance by Ethereum relative to Bitcoin silencing the flippening narrative and giving the maxis something to cheer about.
I think Bitcoin is a long term hold until things get astronomical. 2024 could see highs of 54.6k and lows of 23.4k, perhaps closing the year around mid 30s. 2025.
(850k by 2027) dip to (250k - 2028) then finish the bull run of all bull runs in all markets around 2030 to $1.7 million. I'm currently in BULLTARD mode. Then MEGA CRASH of all MEGA CRASHES. I hope the CAPS gets you excited for what may be to come.
ETHBTC Good sign for alts in short termOnly 3-4 times RSI on this pair got oversold.
Bullish Div on Weekly for ETH/BTC
A nice pump for ETH comes soon.
And then Alts
A short term
Get out when BTC at 48-51k
ETHBTC - UpdateA large bowl structure or rounded top forming for ETHBTC
Currently still experiencing a bearish phase but when completed a bullish move can ensue.
I expect this move to be along the green dotted line as it is a major trend line for ETHBTC.
Lets see what happens.
ETH/BTC Bull Run starts on altsWe have an incredible opportunity! Alts are going to skyrocket. ETH going to make a huge leg up!
Ethbtc~18% back to the major downtrending line
0.05 appears to have held...
Some room for eth to continue on this chart
Houston we are waiting for lift off !I think ETH BTC will break resistence once btcusd hits its resistence
just dont do too much leverage ,
give this some time...
its inevitable !
$ETHUSDT: Trend signal and possible bottom in $ETHBTCI think this is a low risk juncture to long Ethereum if you're not in it already...
BINANCE:ETHBTC has a buy signal from yearly scale support area...
Let's see if it gets follow through within 5 days, it should march steadily higher in that time, the hold up and base for longer, then breakout again, rinse repeat (if trending).
If it's not a reversal it might just hit the upper Bollinger Band with some kind of rapid surge of strength, and drop again, or just fail to rally altogether and go back under 0.05223 ASAP.
Best of luck!
Cheers,
Ivan Labrie.
Is it finally ETH season? Ladies and Gents, we may be entering ETH season.
Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks.
ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season.
Short-term forecast: bullish on ETH/BTC
Longer-term: will re-evaluate and update this post in the coming weeks.
Let me know what y'all think. Is this ETH season?
- Sultan of Chart
ETH should outperform bitcoin from this pointA perfect wedge pattern is playing- if this plays out it should be up from here for ethereum being a pure paly on global liquidy.
