I will not go into very deep details, but, if you make a comparison, you can clearly see that in a bullish bitcoin/crypto scenario ETHBTC tends to rise and in a bearish move is falling. In my recent bitcoin analysis, I said that I expect the price to reach 50k or above , so we have this bullish scenario (at least in my opinion). Now, analyzing strictly EthBtc...
ETHUSDT is consolidating in a triangular pattern. Bullish ⬆️ - breakout above the triangle's inclined resistance could lead to the uptrend continuation. Bearish ⬇️ - breakdown below the triangle's inclined support could lead to a short term breakdown.
Could be an Inverse Head and Shoulders reversal. Will wait for confirmation
Let's see if this gets bullish again, target 0.033978
resistance at 650$ price close above this resistance than it can move really 850 $
These are two possible scenarios on ETHBTC parity. I am leaning on Scenario 1, with a deeper correction and leaving a ETh longing opportunity at 288 sat Keep in mind that scenario 2 is also very possible as well with a lower probability
📈 BINANCE:ETHBTC LONG H4 🛒Buy above = 0.030762 🎯Target1 = 0.031827 🎯Target2 = 0.032486 🎯Target3 = 0.033551 🛑Stop loss = 0.029039 ❌Cancel trade = 0.029039 🙈Recommended risk = 2-3%
Could see a small fake out to the downside, but should reclaim daily closes above support.
*** This is a continuation of the ETH.BTC series, previous posts are below *** Hi All, As per chart on the 4 HRLY we have price action in confluence with the RSI and MACD as per my thoughts. On the 4 HRLY, I'm expecting a 123 or 12345 consolidation move for this RSI formation DAILY Chart: All bullish signs > We have a bullish daily candle closing for today in an...
Hi All, This is revisiting the overall macro structure of ETH against BTC, and how we are tracking. OBSERVATIONS: ==================================================================== > So far, all key levels (aligned with the Fib levels) are respected; > 7 months of a falling wedge has its breakout; > 0.236 fib is acting at the main resistance, a strong...
Hi All, This is a continuation of the previous post, link below. Just refined my targets and focus, fib levels, etc. Still HODL'ing long (but trading it to gain more ETH or BTC) FYI from time to time ETH is either more than 1/2 of my portfolio at any one time, ever since I acknowledged and made the posting about it. (refer to the below links for the history and...
Rounded top breakout to the upside Two falling wedges has formed prior This may be the third impulsive action for price 15 min chart
Short term bearish, however it is simply setting up for its next upward move supported by the MA line I think the ascending scallop will break down "The scallop looks like the right half of an umbrella" A small decline after the scallop breaks down is expected followed by a large rise.
ETH looks stronger than BTC in relation to the dollar. The level of 0.0222 is being raised. Puncture and fixation will open that one by 0.0223. Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!