ETHBTC trade ideas
ETHBTC Altcoin indicator recovery due for alts? ETHBTC is used against Bitcoin, meaning, when Bitcoin is bullish ETHBTC will be bearish and when ETHBTC looks bullish Bitcoin will be looking weak.
Ever since 2016-2017 crypto investors have been using this tool as an early indicator to get in alts and to find "alt seasons".
You can also use this as an indicator along with Bitcoin to find when alts are going to be bloody all along. Whenever this indicator is looking bearish you know alts are going to be bearish together.
If you did not this before, let me narrow down the importance of using ETHBTC as an indicator to find ALT pumps or ALT szns:
-Ethereum Dominance: Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It has a significant influence on the overall cryptocurrency market, and many altcoins are built on the Ethereum blockchain. As such, ETHBTC can be a good indicator of the health and performance of altcoins.
-Historical Performance: The historical performance of ETHBTC during previous altcoin seasons has shown a correlation between the price of ETH and the price of altcoins. When ETHBTC is rising, it may indicate that altcoins are also likely to rise in price.
-Trading Pair: ETHBTC is a commonly used trading pair on many cryptocurrency exchanges, which makes it easy to track and trade. Investors can use ETHBTC to monitor the performance of altcoins and make trading decisions accordingly.
-Technical Analysis: Technical analysis can be used to identify trends and patterns in the price movements of cryptocurrencies. By analyzing the charts of ETHBTC, investors can identify potential buying or selling opportunities for altcoins during alt seasons.
-Diversification: Investing in altcoins can provide diversification in a cryptocurrency portfolio. By using ETHBTC as an indicator, investors can identify potential opportunities to diversify their portfolio and potentially increase their returns.
-Market Sentiment: The market sentiment towards Ethereum and Bitcoin can impact the performance of altcoins. If investors are bullish on Ethereum, it may indicate a positive sentiment towards altcoins as well.
ETHBTC hitting monthly support, likely to bounce from this zoneETHBTC is hitting monthly and weekly support level. This zone should be a good place for it to bounce. There is another weekly support sitting here in case this one fails but I think this is already a good zone for bounce. It is possible that the price might spend some time inside this zone before it starts upward movement.
A big correction is coming for ETHA triple flat was formed, and it was a correction for the previous decline, and it is about to complete the correction, and the decline will be completed, and Ethereum and alternative currencies will weaken accordingly, and the acquisition of Bitcoin will be strengthened at the expense of currencies and Ethereum
#Bitcoin Gains 12% versus ETH in Less Than 10 DaysPast Performance of ETHBTC
Bitcoin bulls are in the driving seat, adding 12% versus ETH, looking at the candlestick arrangement in the daily chart. Notably, the coin is within a breakout formation, forcing ETH back below October 2022 lows. As it is, BTC bulls can continue looking for entries on every attempt higher towards resistance at 0.066 BTC, targeting 0.058 BTC in the short term.
#ETHBTC Technical Analysis
From the daily chart, the uptrend is clear. Even though BTC bulls are in a commanding position, it is evident that ETH bulls are in charge from a top-down preview. Notice that from June 2022, prices were mostly in consolidation, registering a bull flag until last week's push lower below the base. Still, ETH buyers are in a good position as BTC pushes hard, retesting the 61.8% Fibonacci retracement level. ETH might recover, but this may first require prices to expand above 0.066 BTC with rising volumes. In the short term, losses below 0.062 BTC may trigger even more losses towards 0.057 BTC, the 78.6% Fibonacci retracement of the June to September 2022 trade range. Aggressive traders can continue shorting any push higher with targets at this week's lows.
What to Expect from #ETHBTC?
Bitcoin bulls are in control, outperforming ETH in the short term. Since price action is within a bearish breakout formation, the downtrend remains, and prices might contract even more toward 0.062 BTC.
Resistance level to watch out for: 0.066 BTC
Support level to watch out for: 0.062 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
You don't know how to manage your portfolioI had a talk with my mentor earlier today, and we talked about how we each calculate the signal for our allocation towards ETH compared to BTC.
It got me thinking that a lot of people actually aren't aware of why they allocate capital to different assets in the same class!
Case in an upwards trend
When the trend is up and you want to maximize your returns in crypto, with the least amount of risk... What do you do?
Well, you know that alts are higher beta (they move more than BTC), but you don't know when BTC will alts...
In the case for my conservative portfolio I only hold ETH and BTC, but how do I allocate between them?
What I first and foremost do is look at the dominance chart for BTC:
Here we see the dominance of BTC going down a lot, this is while the market is up (between 18th of jan 2021 and 19th of may 2021)
The TPI informed us about the entire trend for the dominance chart. What you do in this scenario is now determine how much ETH you hold relative to BTC in this period (in your conservative portfolio)
Open the ETH/BTC chart (I use binance personally)
In this period we see ETH outperforming BTC a lot!
When the TPI is bullish for the ETH/BTC pair, it means that ETH is likely to outperform BTC, how did that prediction go?
As BTC dominance falls, and we see strength in ETH compared to BTC, we have a higher allocation towards ETH.
But Omar, how do I quantize the amount of ETH compared to BTC?
No one asked, but I will answer still:
The TPI gives values between -1 and 1, I normalize these values between 0-1 for the ETH/BTC pair, where 0 is 0% allocation and 1 is 100% allocation towards ETH:
Equation for normalization:
minValue = 0
maxValue = 1
(TPI - minValue) / (maxValue - minValue) => (TPI - 0) / (1- 0)
Since the TPI had been bearish with a TPI value at -1 for ETH/BTC since the 13th of march, 100% of my conservative portfolio is in BTC!
Case in a downwards trend
The method is the same, but reversed!
When we look to maximize our returns on a short we want to short the asset that is underperforming!
ETH was underperforming BTC by a large portion during the LUNA drama:
This means most of the conservative portfolio was short ETH, rather than BTC
Quite simple, but very effective!
In conclusion
I want you to ask your self, why am I allocating x% of my capital towards this asset (long or short), and is my allocation optimal?
If you can't answer these two questions, then you probably need to look at your system
Numbers don't lie, this method works!
The TPI is truly the holy grail for a swing trader who wants to use statistics and data to maximize their returns and minimize their risk!
Kind regards
Omar
I've linked an idea below from a dear friend of mine (much bigger than on this platform) who has marked out crutial levels for the altcoin market based on what the FED will do, give it a watch!
Red or green?Hi there!
ETHBTC pair price at crucial level right now!
I am voting for green and how about you?
Good luck traders
ETH/BTC forming Bullish reversal Falling WedgeETH/BTC forming a bullish reversal pattern through Falling wedge which can reduce BTC dominance against ETH.
ETH/BTC possible bounce entryAs BTC is ripping , altcoins are getting destroyed.
This is mainly because people are switching their altcoins into bitcoins in order to preserve their bitcoins. Bitcoin just went 70%+ in 1 week and destroyed altcoins there leaving them behind .
Above, i have provided possible targets to where altcoins can start bouncing.
ETH/BTC Alt Season indicator bullish!ETH/BTC seen as the ALT SZN indicator has broken a significant resistance despite the negative news surrounding the US economy and the world. It is said that if this goes up, alts go up.
EthbtcRetesting the .618 here
Probably as low as we go here imo
Infinite use case eth has been hardly effected by the bear market at all on the btc pairing
This is the area to scale across imo
Charting vs eth here for the rest of the year given eths 1st full market cycle chart
Deflationary aspects of eth should kickin sooner rather than later in terms of price action
[Heads up] Let's keep an eye on ETHBTCPossible ascending triangle in the making.
For now let's observe it.
BB/M and MA20/M:
MACD/M:
ETH Idea: The price is trying to hold on to the weekly 100 EMA. Bullish divergences are forming. The price is in the RSI oversold zone on the daily chart. High probability of retesting a new resistance level or POC level
Ethereum - Trendline from 2015 is breaking down! (unbeliveable)
This is very negative news for ETH because this trendline on the monthly chart from 2015 to 2023 is currently breaking down!
It's the first time you see this very important info, so make sure you follow me to not miss updates that no one talks about.
What does it mean for ETH? There is a great chance that investors are going to sell ETH completely or sell ETH and buy BTC instead. Both are negative for the price of Ethereum.
Expect some bad news on Ethereum; currently, we do not know what it's going to be, but it's probably going to happen, and very soon.
2 scenarios can happen. The first is that BTC will rise drastically and ETH only slowly. The second is that BTC will drop and ETH will drop even more with a big red dildo.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
If we take a look at the 20-month moving average, the price is currently below it, and historically, it has been a pretty good indicator.
From the Elliott Wave perspective, the ETHBTC pair is moving in ABC 3-wave patterns all the time, which is no surprise because this is not a trending market. ETHBTC doesn't have a trend; it has choppy price action, something like EURUSD.
I expect the ETHBTC pair to go down by 75%, which is a reasonable level to convert into ETH again. It's also the 0.5 FIB retracement.
I am sure you like this information that no one is talking about; now do your own due diligence on ETH.
Thank you, and for more ideas, hit "Like" and "Follow"!
Want to Know When Altseason REALLY Begins? 🤔🚀For the past 2 years, the cryptocurrency market has been tormented by a relentless bear trend, evident by the departure of retail investors. But for those who have stayed, incredible opportunities now present themselves, practically screaming profits! If you're reading this, congratulations, you're already a winner, and the market will reward your patience! 🚀
So, are you ready to be among the first to find out when altseason begins and make huge gains, scoring dozens of X's before the market enters euphoria? 😎
The answer to this question lies in the leading altcoin Ethereum, paired with Bitcoin. 🌟
Let's look at the ETH/BTC chart. What do we see? ETH has been in an accumulation channel for almost 2 years. A breakout and consolidation of Ethereum above the channel will trigger a massive, rapid growth of all altcoins without exception! Add this chart to your watchlist and don't miss the moment when history begins to unfold! 🔥
Prepare for an unforgettable journey into the world of incredible profits in the cryptocurrency market! 🎉💰
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Eth 31823If Eth gets above resistance I will move some Bitcoin back in. For now I still see Eth taking a hit vs Bitcoin. For now the safest bet is Bitcoin
Now is not the greatest time to be speculating, esp as Bitcoin continues to outperform
ETH/BTC1401-12-27ETH/BTC1401-12-27
This is my technical analyze for EHTBTC in the end of the norouz new year
ETH/BTC Weekly range ETH/BTC still rangebound within the higher time frames, a monthly close above the range high could indicate a bullish continuation since both previous attempts were rejected on the monthly time frame.
ETH Idea: The price has broken through the uptrend line and this is a bearish signal. It is possible to retest the trend line. The weekly 100 EMA is a strong support level. A breakdown of the 100 EMA will bring the price down to the 200 EMA. The price is in the zone of strong overprodnost on many timeframes
ETHBTC - Bullflag or Strong Top? An idea showing ETHBTC's current structure
It seems to look like as a bullflag but it is very prolonged.
If a breakout occurs from this it will be spectacular, both ways.
Ethereal will never reach ATH vs Bitcoin. Ethereum is biggest scam. Not decentralized. Supply is not immutable or independent. Proof of Stake was the last nail to its coffin.
Good luck.
