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ETH_BTC

BTC CorrectionWhen the CME listed BTC futures starting Dec 17, 2017, BTC then did a -86% retracement from 16k.1K to 3.8k over the next 470~ days, before going on its uptrend into this epic bull run, starting exactly one week after it was listed on the CME. Tomorrow marks the start of the second week for ETH futures on the CME. If we look at ETH/BTC pair, we see that it rocketed up at this time. Looking at David's Phoenix Indicator, if we are in phase C of a Wyckoff Schematic, BTC and ETH will slowly retrace releasing pressure, with BTC moving down and ETH moving sideways. What we are beginning to enter is a Backing Up/ Last Point of Support. As BTC begins a retrace down, ETH will accumulate much of BTC's distribution. This is a heavy case for the short of BTC, as Alts and ETH continue to gain momentum. Right now BTC Dominance is at 61.28 with ETH.D at 14.2, both having slid the last week down. Once BTC comes down enough, ETH will soar to new ATH, aiming for the next 6-16 weeks. BTC has been on a 338D bull run, gaining 1,198%, overshadowing the previous 262D whipsaw that ultimately left it down 73%. If you think BTC can go higher, you're not wrong; it can always continues to surprise us. However the R:R to the downside cannot be dismissed. The future upside targets are 53k, 58k & 64k.The downside targets are 42.5k and 35.5k. The MACD on the ETH/BTC also shows we have hit a ceiling of resistance. I am completely flat as of last night, and will scalp for profits until I see the market unfold, and it tells me it's direction. I would rather re-accumulate for a small loss if I'm wrong, and have my bags packed and ready to buy the bottom for a big gain if I'm right, then try guessing what's going to happen when it's a decisive time from a Macro perspective. In the last 3 months we've seen institutions and large investors come into the picture. Grayscale Investment Holdings $37.31B Symbol -- Total Holdings BTC - - - 653.852K ETH - - - 3.12M LTC - - - 1.39M ETC - - - 12.28M BCH - - - 269K ZEC - - - 290K ZEN - - - 598K XLM - - - 56.45M Please check out Wyckoffmode for David's profile to support all the incredible work he has done.
Long
by Clandestine_Xenophile
3
ETHpectationsHow I'm trading ETH on BTC & USD pair. I see a potential huge cup & handle forming on the USD pair while BTC pair still seems to be in accumulation zone. ETH hasn't broken out to an ATH while Bitcoin has doubled past it's ATH from 2017. Bitcoin is seen as a finished product while ETH is building stronger fundamentals with ETH2 PoS network & and the growing DeFi usage & TVL. The developer community behind ETH is extremely vibrant and programmable money as of right now is Ethereum There is obviously layer 1 competition from DOT, ADA, ALGO, AVAX, ATOM but not enough developer resources to make the most popular DApps transfer scaling resources from layer 2 solutions like ZK & Optimism. I expect $2,368 Ether by mid September of this year.
COINBASE:ETHUSDLong
by joshglobal
How to trade GOLD/SILVER RATIO in Any platform!?This is the first educational post I Make on Tradingview so make sure you like and comment and follow if you like it, in this post I will explain how to trade The GOLD/SILVER RATIO in any platform You can use the same strategy to trade ETH/BTC in Binance Futures with leverage ... first lets define what is gold silver ratio , The gold/silver ratio (GSR) is the current price of an ounce of gold divided by the current price of an ounce of silver. It's a simple numerical calculation that shows how many multiples gold is trading relative to the price of silver, a common indicator used by precious metals investors worldwide. this indicator help us know which is going to gain more or wich is going to lose more in some cases when there is high volatility in the markets you might find this chart stable with very strong trading opportunity for example back in the 26/2/2020 when the markets were uncertain and volatile this chart made a very good breakout and huge gains! you can find that on the chart above so now lets explain how to trade it in any platform that have GOLD/USD and SILVER/USD if you want to short the GSR all what you need to do is to sell short GOLD and buy long SILVER with the same amount of money and leverage in each of the positions Example if you open a long position with 1000$ and x3 in SILVER/USD you have to open a short position in GOLD/USD at the same moment with 1000$ and x3 leverage. If you want to long the GSR all you need to do is the opposite of shorting we buy GOLD/USD and sell SILVER/USD with same rules again we should use the same amount of money and us the same leverage in each of the two position. thanks for reading good luck
GEducation
by azizbtc
Etherium (ETH)Who will be the winner in the long term? The $USD? Gold? Bitcoin? Etherium? I see a trend forming. June was a strange month for cryptocurrency. Equity prices were volatile, but making huge gains, while the price of both etherium, bitcoin, and gold traded sideways. Then since late July BTC/USD surges 27%. Values of ETH/USD are reaching particularly high levels (+75%) since July 22nd (17 days from the time of writing). Gold is up 45%. I believe the flight from the dollar to these assets is out of fear of inflation in the long term (over the next 5-8 years), and the hopes that a halfing in the staple crypto asset, Bitcoin, recently will deliver higher BTC/USD prices due the ever-decreasing flow or creation of new bitcoin. These two predictions may in fact compound one another to send cryptocurrency asset prices parabolic. As long as the United States government allows the use of cryptocurrency and remains the dominant world power, ETH is a good bet. I believe it will drive our technology driven environment into the future with new services and machines.
COMEX:GC1!Long
by bodeen88
#Eth Continuation of the uptrend on the ETHEREUM!#Eth Dear friends, I am glad to welcome everyone! So, earlier in my analysis, I already said that altcoins look pretty good today, and broadcasting is no exception. The coin broke through the upper line of the descending wedge , fixed for ma100, where the growth was delayed by the median of the ascending channel and 0.5fib. I expect the resumption of the upward movement to price levels of $ 172-175-181 in the short term. Also, it is worth noting that if the price bounces from the first or second target, and will consolidate, most likely, we will see a model of a bull flag . One way or another, these are formations positive for the market, and, after confirming the continuation of the upward trend, we can quite see $ 200-210. Buy signal: Buy zone: $ 162.5-166 Target 1: $ 172 Target 2: $ 175 Target 3: $ 181 Target 4: ... Stop-loss: $ 157.2 Subscribe to my telegram channel, if you want, however, it is in Russian :) All successful bidding! If you liked the idea, like it, I won’t lie, if I say that I will be pleased!
BITMEX:ETHUSD.PLong
by ScarletFlower
ETH/BTC Tend Reversal Macro Trade #AltSeason ??!? This is linked to my original idea but did not act. So this is my plan of action. I am still currently in a short trade, Spot long. What changed my bias was the daily close above the 21 EMA, bounce off the top ranged of my long term support from my previous Idea(around 0.016 ish) My main concern is no volume but I feel like everyone thinks alt season is dead which I find (through personal experience) makes people lose interest in even looking at charts until there is a big move with volume. For me I do not want to miss this move so I am now officially prepared and happy to take multiple shots at this trade to get the right Risk/Reward for the next bull run in Eth.
ELong
by merchtank19