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ETH-BTC

Elliott Wave Analysis: ETHBTC Is Finishing A Complex CorrectionHello traders! Today we will talk about ETHBTC cross cryptocurrency pair, which we see it finishing a complex W-X-Y correction from the lows and it can be approaching important 0.05x resistance area. ETHBTC is in the recovery mode since September 2019, but the price action is quite slow and the wave structure is overlapped which indicate for a corrective movement, ideally a complex W-X-Y pattern that can be nearing the end as we see it trading in final stages of wave (C)/Y, so be aware of limited gains and watch out for a potential reversal down soon. The main reason for a reversal down is strong 50 support level on BTC.Dominance chart, while ETHUSD can be finishing a five-wave cycle within extended wave 5. We believe that reversals may occur exactly when ETHUSD completes its 5th wave. And, if we consider that BTC.Dominance may step back in, then ETH and other ALTcoins may suffer more than BTC in second part of 2021, so carefully in upcoming days/weeks. "Sell In May And Go Away"? Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
ETH/BTC Indicates ETH $4000-$7000I am not a financial adviser. This should not be taken as financial advise. Please consult a financial adviser before risking capital. Never invest with funds you can't afford to lose. It is likely Ethereum will outperform Bitcoin over the coming months with Coinbase finally working through their list of those waiting to stake their Ethereum for some APY. I would assume this would create a nice amount of relatively stronger demand for Ethereum as compared to Bitcoin. However, I don't expect Ethereum to run away with this and create All Time New Highs when priced in BTC. There are too many competitors to Ethereum stealing its energy and their critical scaling update is far from just around the corner. The high fees of the network are killing demand as can be seen with the noticeable dent The Graph took in their query growth numbers. Not just this but Pancake Swap is just one of many examples of competitors stealing the show. I would expect to see Ethereum get to 0.05 - 0.07 BTC by the mid summer months of July/August. With that said when converted to dollars I expect this to mean Ethereum will be between $4000-$7000.
Long
by Kingstevieb
A double bottom in trend strategy The double bottom while in a trend is a great strategy to have in your toolkit. The rules are as follows 1. We must be in a trend with consistent HH and HLs preferrably at least 2 of each. 2. A double bottom must occur and a red candle must not close below the wick of the previous low. 3. A new higher highs must not be formed in between lows. 4. The entry is a green candle after the previous low zone is tested. Stop loss is 1atr below the previous swing low. 5. Target is 1.1 and 1;4
by jaesik87
ETHEREUM / BITCOIN -W- CHART - 2021/22 Ethereum to FLIP BTC?!Ethereum bearish divergence happening on the indicators. But, one must be open minded to the possibilities here. If ETH blows thru .046BTC valuation it is going to the upper white supply line. Which is the .382 fib node (highlighted in purple here). Considering then, the ascending broadening wedge pattern it is in (white lined pattern), The upper supply line would be your first selling point. If...ETH keeps testing that white supply line and blows threw it, and confirms above it, a massive thing will take place...ETH is only 5 x USD marketcap valuation from BTC's marketcap. Confirming above this supply line would suggest an ATH BTC ETH evaluation and a marketcap nearly equal to BTC. 2017 had a BCH/BTC flippening scare...but this is 2021 and a new bull market. I cannot say, but if....a flippening could happen....it is reasonable then to understand this possibility. but mountains must be moved here for this to take place. BTC is the center of crypto, but ETH network flows more money than BTC every. single. day. It could be very plausible then....this could be the year ether. Happy trading. Be careful out there.
Long
by RU55IANROUL3TT3
ETH - Road Map To 3kEthereum rejected its previous 2.5k ATH. WHAT NEXT? This reminds me of one of my previous posts when ETH rejected the 2k ATH. (attached below) ETH is overall bullish trading inside our brown channel so we will be looking for Trend-Following Buy setups as it approaches the lower brown trendline. Moreover, the area 1950-2000 is a "Resistance turned into Support". So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in orange and lower brown trendline. As per my trading style: I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break , and so on...) Knowing that Ethereum can still trade higher aggressively from here. In this case, we will be waiting for ETH to break above 2500 with a full bullish daily candle to consider it broken. Then we will be looking for buy setups on its retest and a movement till the 3k zone would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
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