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Ethbtclong

ETH.BTC (Y20.P4.E8).Looking to go longHi All, I'm keeping this short and to the point, as its about planning, having a strategy. a) Patience; Weekly chart, shows downward pressure still there, so we might drop some more moving forward. b) The chart is the strategy to find the level on when to go from BTC to ETH; c) This post does not factor in your strategy on Coins, eg. LINK, ADA, ....defi, whatever you chose, this is only about ETH over BTC; d) Chart seems to be a wedge formation, with point C and E with a bullish divergence or double bottom scenario. Hence looking for a W formation as part of the breakout; Since we have no confirmation, we need another element and hence the red band is my key resistance. If ETH breaks this, then it fits into the Wedge trading approach as well as having that fib level as well. We have many things making sense with this stucture. Hence I would wait for it to break it before moving a large junk onto ETH. Obviously you\me have to see what else is going on with the other coins. These comments and the following charts should give you a good perspective that this approach is sound. Note: If this is the beginning of the Bull market for this year and next, we must look for waves or impulses where flipping makes sense. BTC dominance chart is a key tool as well for this. Below is the current BTC dom chart. All the best, S.SAri 1 Day Chart Overview of ETH BTC pairing weekly chart indicators, 3 of them, all showing downward pressure still there, so we might drop some more moving forward. BTC dominance: Since this is based on calculation, we need to give it a day for it to correct itself, especially this wick. I have seen it before where it disappears based on the calculations
Long
by ssari
ETH.BTC (Y20.P4.E4).Macro.Fractal.Continuation structureHi, I am not taking any credit for this chart as I saw it on Twitter. However its something I will share as it gives some weight from a MACRO perspective. With the top chart, we have a weekly chart of ETH paired with BTC and at the bottom, we have GOLD price on the 2 weekly chart. The fractal aligns well so far. Let's see how this aligns in the coming weeks and months. Note the fib levels assigned to the price action. Enjoy! Regards, S.SAri
Long
by ssari
ETH.BTC (Y20.P4.E3).Don't miss out.Macro-structure.continuation*** 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 upward trend. We have the phoeix indicator with the average ma (blue) moving upwards towards the 50% RED and GREEN RSI above 50% RSI chart have a bullish level (red line) where price is staying above. WT indicator also above 0 level Please give me a like or tick for this post, Regards, S.SAri 4 HRLY Chart Weekly chart: RSI giving a wedge bullish formation Lets see if it closes at this level in the next few days =============================================================== PREVIOUS POSTS ===============================================================
Long
by ssari
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ETH.BTC (Y20.P4.E2).Macro.Next PhaseHi 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 resistance; > Like BTC, we expected this pullback aligned to some fib level where it also found a strong resistance and now support; > ETH.BTC already found the strong rally at the 0.382 level on the micro level; Note: I'm using ETH\XBT chart as it seems to be better aligned with the fib levels; THOUGHTS: ==================================================================== > Patience and timing is required; > Wedge strategy > with the bottom found after many months testing it, we have 3 months of bullish MACD or RSI divergence; > SP500 seems to be holding; > BTC is still expected to hold the 10k with a possible spike for a CME gap closure as its a strong buy zone, a expected one (me included); If this is the case, ETH will continue above this initial wick level; > Hence ETH.BTC is likely to hold this level which equates to BTC's weekly 21 EMA level; BEARISH SCENARIO: =================================================================== > SP500 support collapses and hence BTC breaks down as well; Its possible so caution must be made; tight stops; > On the weekly, if this happens on the RSI, breaks that weekly trend, then we have a trend reversal; bearish; Please give me a like or tick for this post; Cheers, S.SAri Weekly Chart: ==================================================================== PREVIOUS POST and set target reached; PREVIOUS POSTS =================================================================== ETH.BTC hit target ETH.USDT hit target
Long
by ssari
3
ETH.BTC (Y20.P3.E2).Short term.ABC moveHi All, In the next 12 hours, I will feel confident in making a decision on bitcoin (after 3rd daily candle closing). Hopefully it give a clear bullish or bearish sign > I will cover BTC in the next post. I am leaning to a bearish candle as we have many things going against BTC now. I'll cover this in the next post. If one is to look at ETH\BTC, it can be seen that we have some downward pressure emerging with bearish divergence as well. Hence why ETH has been dropping against BTC and what I believe is that it hit its point 5 and now is doing the ABC correction as per the chart. How this reflects or aligns with BTC doing the same is yet to be confirmed but it can be seen that on BTC, we had a doji and what looks like a BEARISH candle coming about in 11 hours. Chart below. For now, I see ETH hitting the 0.5 fib retracement on the chart and possibly deeper to 0.618. Note on the daily the 21 and 34 EMA ribbon could be the area aligned with one of these fibs. for support Meanwhile on the 4 hrly chart, we have the PHOEIX showing a turn as well as the WT and Stoch all hitting bottom, at a key fib level We'll just have to wait and see. Please give me a like or tick for this post Regards, S.Sari BTC Daily chart ETH.BTC > Note the divergence playing out.Blue EMA ribbon is the 21 and 34 on the daily Big chart Previous posts
Long
by ssari
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ETH.BTC (Y20.P3.E1).v4.Macro-structure.continuationHi 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 explanations). The art to maximising your gains is knowing when to flip from BTC to ALTs, and vise versa. It is quite a difficult thing to do but if you do it, you should be able to gain much more BTC or ETH. Cheers, S.Sari PREVIOUS POSTS> JULY 9, 2020 JUNE 1, 2020 MAY 7, 2020 AS FOR OVERALL MACRO FORECAST - ONLY GUESSING with some logic
Long
by ssari
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