ETH Idea: The price formed a pennant pattern and dropped to the lower border, around the 50 EMA. Support levels are indicated in case of a bearish scenario. RSI drops below 50 into bearish zone
ETHBTC trade ideas
ETHBTC long term Cup & HandleIt looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.
BINANCE: ETH/USDT (Inv. H&S)As we see bitcoin has been supported by 19k and made a nice bounce to 21k. So far every thing looks good but there is a catch. Total market still reacts to bearish trendline while Total2 has already broken it. it just needs a HH to strengthen the idea of alt party. meanwhile ETH shows strength against bitcoin and formed an inverse head and shoulders pattern in W1 which gives hope to the other alts. as you see RSI bearish trend line broken and retested in W1 and gives bullish vibes too. Don't forget that Merge effect hasn't kicked in for some reason. Always DYOR before entering any position or trade.
🛒 Pair: ETH/BTC🛒
== SPOT==
⏰ 1401/08/09 ⏰
🕰 31/10/2022 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#96
🛒 Buy : 0.074 - 0.078 🛒
👉Sell Targets👈
🎯TP1: 0.082 🥉
🎯TP2: 0.086🥈
🎯TP3: 0.090 🥇
🎯TP4: 0.095 🚁
🎯TP5: 0.099 ✈️
🎯TP6: 0.109 🚀
⛔️ SL: 0.072 by closing D1 below
ETH Idea: The price is forming a bearish wedge with the strongest bearish divergences and signals. The price will break the lower border of the wedge and drop to a strong support level near the daily 100 MA
ETHBTC Awaiting A BreakoutAwaiting a big move
This is suggested as a result of the large bullflag printed on chart (in green channel)
I would like to see an ATH of 0.25 ETHBTC but its really hard to call the tops
ETHBTC - Crash of BTC dominance / Alts SeasonClear Cup and Handle pattern. Ethereum currently has much better tokenomics compare to BTC due to ecosstem of dapps, NFTs, offering lending, borrowing and other services, as well as burning mechanism making ethereum deflationary. And that is just a tiny drop in the ocean, there are many other strong alts with huge ecosystems that will contribute to upcoming rally. All major OG (XRP, LTC, BCH, EOS) alts have already made ultra lows against BTC and ready for a new cycle growth. So, just like in 2017 Ethereum will lead alts into a massive RALLY, crushing BTC dominance down to 5-10%.
ETHBTC is bearishETHBTC is in a bearish market structure on HTF such as weekly and daily. at the area of golden pock fib retracement, we are looking for a lower high. price has perfectly backtested an untested daily and weekly order block which has confluence with golden pocket, value area high of the range, and Monthly Level. considering BTC dominance rising, I expect that Ethereum and altcoins underperform BTC in the coming months so I look for places to short altcoins.
ETHBTC testing resistance second timeWith Cosmic BB SR length set to 21, the weekly chart price has reversed (😎) from the current resistance and since has dropped over 20% but not even mid-way to support before reversing back up. It is worth paying attention as we approach another resistance test.
Not a Good Time To Invest At The Altcoins Currently Wave B From C Is About To Complete At This Area (0.076 To 0.078), I Expect a Leg Down To The 0.057 Area As a Wave Wave C PRZ Is About To Start
📥 By Analyze ETH / BTC Pair We Will Able To Understand The Future Of The Altcoins Market ,So By Current Situation We Will See 0.057 Area As a Next Leg down And It’s Not Good For Altcoins Market
H&S on ETH/BTCThe next H&S pattern may not be as obvious.
Just kidding.
In more seriousness, here are some things I'm considering when looking at Ethereum's relationship with the rest of cryptocurrency:
Cultural influence: consider the significance of NFTs, DeFi, and other applications being launched from Ethereum. The ICO craze that characterized the 2017 bull run in crypto was primarily fulled by Ethereum, and ideas surrounding capabilities of smart contracts. (Yes, these things are not exclusive to Ethereum, but many began on and continue to live/thrive on Ethereum.)
The Ethereum remains the most secure and decentralized of all smart contract networks. Furthermore, the amount of ETH controlled by central groups is smaller than all other chains.
Ethereum continues to make progress toward upgrade goals.
The plethora and growth of layer-2 platforms, scaling the speed and efficiency of the Ethereum network is more significant than all other chains.
The previous crypto winter (2018-2020) was characterized with strong growth in bitcoin dominance. However, the drop visible in this chart, has not been as low and long as expected by many traders - perhaps this is jut the beginning, of a decline in Ethereum's value relative to bitcoin. However, I speculate that the future bitcoin dominance has more to do with macro economic headwinds/tailwinds (how asset allocators understand any difference between Ethereum and bitcoin with respect to it's base utility - store of value, vs base economic unity of a thriving ecosystem of developing internet of value ) than with the base utility of the network.
Speculative take: Ethereum has likely entered into a phase of adoption among internet applications/companies, etc, that will cement it's continued adoption - this expansion could be anticipated to accelerate as Ethereum transitions to proof of stake (PoS) and is thus more computationally (energy) efficient for securing the blockchain. Advantages of PoS and PoW (Proof of Work) have merit from economic and computer science considerations, but far beyond what I'm sharing here.
ETHBTC hints to mini Alts SeasonETHBTC has been in a range for one and a half year. Current price action is bullish and a retest of the range resistance is possible. Breakout of the range will double ETH performance over BTC.
Currently ETHBTC bounced of midrange support and retested the downward trendline it broke out of.
Similarly weekly RSI broke out of its descending trendline and retested it, creating a new upward trendline.
ETH/BTC - Expecting Ethereum to gain groundEthereum has already gained 350% since 2019 lows against BTC, but based on my primary wave count, I still see further upside.
My target is 0.09, but we could have a strong correction after that, if in fact we are finishing black wave 5.
Time for ethereum to start showing its real value. Now.Proof of stake coming, Plenty of projects based around ethereum, Massive usecase through out crypto.
If ethereum is the real deal then it has to start showing its value NOW.
Buy some eth for the long term, But not too much. Just get enough exposure so you won't regret it if it goes to 10k or something.
#ETH/BTC Sell Trade Scenario.Hello Traders I hope you are well and safe. Today am discussing #ETH/BTC For Short.
Here is a Full Analysis of #ETH/BTC When the price Touch Order Blocks then a Nice opportunity for Short.
If you have any queries then leave a comment.
Thank you Traders For your Support Like and Follow.
ETHBTC on daily new low can be createdETHBTC thisbidea is already old, but it‘‘s currently working out pretty good. I have drawn two different cases. Scenario 1 in color, scenario 2 in grey. Right now we see a small push to the upside but expect to have a bigger drop soon. This will then be a good chance to switch from btc to eth. This drop can also be, because of a heavy push upwards from bitcoin and not because of a drop from eth.
ethereum levels and liquidity zoneswatching for now, i'd like to buy eth for 0.04btc but i don't like the chances, wanna see what happens
Give it time Bitcoin is the reserve currency of the crypto economy. ETH is amazing but has many competitors and unresolved and potentially unresolvable issues. Money will start flowing from Alts into Bitcoin at some point. Most notable issues surround Alts being deemed securities and airdrop token scams. Bitcoins creator is unknown for good reason. Unlike ETH Vitalik holds the weight of the community.
ETH/BTC 10/23/22ETH looking to outperform BTC soon. Attempted channel breakdowns have led to big moves to the upside historically.
ETH The price may form a bullish cup and handle pattern if it breaks the daily 50-100 MAs. The price will fall to the indicated support level in case of a bearish scenario. Support and resistance levels indicated
Ethereum/Bitcoin: Overview correlationEthereum look that has a bearish evolving in weekly timeframe, what it's a moment to sell Ethereum as Ethereum can to make a deep impact in front of U.S. Dollar in front of this bear market what crypto living today.
Also, it's obviously that Bitcoin it's still bearish, one of the best strategy to accumulate Bitcoin using altcoin it's knowing the 3 key points:
1. U.S. Dollar value
2. Ethereum/Bitcoin or Altcoins/Bitcoin
3. Using Bitcoin dominance (to know when Bitcoin it's weak as strong in the trend)
That it's a smart strategy that I ever learned throughout of my crypto-experience since 2018.
So, there're a lot way to accumulate Bitcoin like making trading and find up consistent ROI, hold Bitcoin and using the old strategy that I know when we analyze altcoin in the strong dominance, that will be the case that they rise up in front of Bitcoin value. An also, you can to make trading in some crypto-broker that offer a lot instruments in the financial market like Forex, stocks, crypto or commodities and the benefit of them it's when we see a U.S. Dollar strong, a Bitcoin strong, an Ethereum strong, we could to change it for the convertibility to fiat to Bitcoin or Ethereum, or Bitcoin to Ethereum, and more.
A good broker called Prime XBT offer it to trade this thing.
But well, more later I will deepen this theme about Bitcoin and altcoins
Technically, we see that Ethereum/Bitcoin look in this bearish side, as Ethereum look more weak in front of Bitcoin value, I hope a drop in the Ethereum in front of Bitcoin value that could to reach down toward 0.038 BTC in the next month, it's a good chance to buy Ethereum later to accumulate a lot quantity of Bitcoin or an smart strategy it's making trading and starting to buy Bitcoin now and find up a goal like 20% monthly and each month re-buy more Bitcoin and then successively. Because as right now Bitcoin and Ethereum down, later of this bear market, I look that Bitcoin could to take more influence in front of Ethereum and altcoins giving us a clue of what the dominance could stand up after that Bitcoin repeat the same cycle in 2019 when Bitcoin dominance climb and altcoin weak in front of Bitcoin value. But for that, its essential to know every situation of each altcoin as I prefer that Bitcoin goes climb and Ethereum still more weak in the next month, and also a fix target could be 0.023 BTC for Ethereum/Bitcoin.
So guys, this it's a fundament and vital information if you want to know where to invest your own money later of this bear market. First starting to buy Bitcoin and accumulate Bitcoin and keep away of Altcoins for now and starting to accumulate Bitcoin for now and learn to make trading if you want to grow up your Bitcoin assets. Until the U.S. Dollar still more stronger, it's a way to apply it and change Bitcoin or Altcoins for Dollar when Bitcoin/Dollar may to weak and then, you must to re-buy Bitcoin in the deep and hold it. It's very hard to understand it, but if you have an ability, you can to get success in crypto-markets .
I hope that this information support for you. A lot content like this will be created very soon!!!
Keep update!!!
