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Ethereum continues to grow!Coin of the day is Ethereim. The main competitor of the Bitcoin. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. A large number of Ethereum based projects emerges now (OniseGo, Qtum, Ox...) which increases the capitalization and acceptance of the whole technology. Latest events May 2 - The Enterprise Ethereum Alliance (EEA), with over 500 members, today unveiled the next phase of its Enterprise Ethereum specification strategy, with the public release of its Enterprise Ethereum Architecture Stack. This stack defines the building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence – the next generation of Enterprise Ethereum applications that, like the Internet, will work anywhere, and are capable of facilitating smart contracts without intermediaries. May 2 – Reddit, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO Technicals ETHBTC went into an uptrend on the 04.04.2018, broke above the Bullish Trend Lines and are showing sustained growth for already a month. On 22.04.2018 the coin broke above the 100-days EMA and 0.07 level. Regarding the daily distribution of volumes, the peak of volumes located much higher than 0.075 level, which means that in the nearest term the price will test 0.08 level. In case of breakthrough, we might see an increase of momentum and movement to the 0.09 level. In case of rebound from the 0.08 level, the correction is possible, as the coin already looks overbought and there might be traders who will want to fix the profits. 0.075 level should act as a support. For the correction scenario, 100-days EMA would be a reasonable support.
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by DestinationMoonCrypto
Understanding ETH/BTC in this MASSIVE wegdeMy last 2 posts on ETH and BTC illustrated a potential H&S pattern on both. Head and shoulders patterns aren't typically tradeable until we break out one way or another, as we saw. Both have done very different things. The one that formed on ETH was shakey, but I posted it because the one on BTC was solid and typically both pairs generally move together. ETH had a nice break out and move to the upside and I want to get some macro perspective on things and understand why ETH broke sooner but not BTC (BTC is looking like it could still break up right now) and where we go from here by diving into what ETH/BTC is doing. Lets take a look. 1. ETH/BTC has formed this HUGE wedge and is pushing up. 2. RSI is starting to reach a top, which could be an indicator that we will get a temporary pull back 3. MACD is turning positive. Right now, we have some room to go until we hit this first resistance area at .074. With the way things are going, this could mean that ETH pushes past 575 and goes up to 600 and maybe higher. Ultimately, the reason ETH pushed up and not BTC was because of this upward pressure. If ETH is leading the way, The real question is what does it do once it hits that resistance area? Does it revert down and retest that wedge or that support zone? Or does it continue higher and possible break it to the upside? The pattern that forms will be very telling for where we go from here. Hope that helps, if it does please smash that like button to let me know. -Sherem
Long
by Sherem
1
Ethereum vs Bitcoin: Relatively speaking who will win?In this analysis I take a look at a BAT which has really worked nicely and subsequently I look at what looks to be a Butterfly setting up which seems to suggest in the coming months ETH might out perform BTC. If the Butterfly is setting up then I am waiting for price to head a little lower to touch a missed monthly central Pivot from a couple of months back. Once that happens I will be looking for a way to buy some ETH with BTC to take advantage of the relative gain. No entry yet, so will update once price gets down to missed pivot.
Long
by Gmanns777
ETHBTC short term gainATM the RSI on the daily is showing oversold conditions. The RSI on the 4 hour chart isn't quite as low as i'd like it to be for a buy but once the RSI on the 4 hour will hit 12 it is. I think the RSI on the 4 hour will hit 12 once Ethereum nears it's major support level. Ethereum has major support around the 0.0570 - 0.0585 BTC price. As well as the fibonacci retracement correlating with the major support. I think we'll see a 10% gain from the support level before continuing the downtrend. I'm placing my stoploss around 0.055 in case we break the support level and immediatly continue down.
Long
by omababa
ETH reversal?Longer term chart showing support at fib retracement line. MACD turning positive while showing bullish divergence suggesting a trend reversal. Stoch RSI turning upwards, RSI deeply oversold, turning upwards, and showing weak bullish divergence. On a shorter time scale, we see the formation of a descending triangle. At its culmination, we can expect to see either a breakout upwards and confirmation of reversal, or a breakdown to lower levels confirming more of a bearish flag/pennant formation. Longer term indicators suggesting greater weight towards a reversal, but BTC action can always throw a wrench into things.
Long
by Yrat
ETHBTC Global Forecast 2018y.Hello Traders! Glad to present global EWA/EWP analysis concerning ETHBTC by Zarina Tengri. Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. Join us! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
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by POWERFUL_TRADERS
ETHBTC due for a bounce?ETHBTC's downward motion appears to be slowing after a possible completion of 5 waves down, bouncing right at 0.5 fib retracement (dotted red) of the rise made from Dec-Feb. This fib line also perfectly coincides with the 0.618 retracement line of the fall from last year's peak. The 1D chart shows we are close to crossover of MACD and Stoch RSI . 1D RSI also breaking out of downtrend and oversold territory while showing slight bullish divergence . Shorter 2H timeframe showing many possible indications of reversal. MACD just crossed to positive (though weakly) while showing bullish divergence . RSI is rising from oversold while showing bullish divergence . Potential double-bottom at 0.074. High buying volume appearing at these dips. Breakout of the trend would find strong resistance at 0.08 followed by 0.09. Failure and breakdown of the trend could bring price all the way to the low 60s handles. Any and all moves could be dictated by the ETHUSD -0.38% price and, of course, any BTCUSD -0.91% action.
Long
by Yrat
1
ETH BTC Bullish CaseFor the bullish chart, we switch to the log scale and can see the ETH/BTC ratio is now repeating the pattern from March/April of 2017 within the yellow circle but on a slightly larger scale. If this pattern is going to repeat itself, the ratio should be nearing a bottom within the next day or two creating a buy opportunity. It will be followed by either a reversal in the up direction, or a bit of sideways movement before beginning to climb (see the orange line). Ignore the blue line for now as it is part of the bearish case I've linked to below. Whether the bullish or bearish case scenario plays out will heavily depend upon bitcoin's choice of direction in the next few days. Arbee successfully called the reversal around 0.025 ETH/BTC in early Dec 2017. His chart here: Also, see my Bearish Case here:
Long
by bitcointhrowaway88
ETHBTC Long due to the divergence in its purposesETHBTC is showing, by the charts presented, a safe place to keep your eyes and investments on. The proposal of Ethereum (ETH) is not to become a currency, but a platform of smart contracts that can be used for many type of secure transactions using the revolutionary blockchain concept. Its clear now that the original Blockchain needs to evolve and there are very professional people and large companies investing in that evolution. Just read more about The Ethereum Foundation and the Enterprise Ethereum Alliance (entethalliance.org) and you will know more about why this chart is showing this uptrend evolution.
Long
by agbarbosa
ETHBTC clear tunnel evolutionBased on basics trendlines and market news, there are many indicators pointing to the end of BTC foolishness and the more adoption of the blockchain as a form of trusted assets transfer. The proposal of Ethereum Smart Contracts and the easiness of the creation of new tokens based on its platform will bring not only adopters (Microsoft, Cisco, Amazon, Facebook) but also money to this world. Eventually ETH can also become a traded currency but that's not its main reason so the adoption will come more naturally as well they can control its value to not become too inflated and scary for the business that wants to adopt and accept it. 2018 is gonna be the year of the cryptocurrency and blockchain as the new internet. And ETH is in a better position of becoming the leader of this movement due to the geniuses behind it and not living anonymous neither seeking for "easy money". Whatever coin you want to invest, look for the one you have real faces behind it and their curriculum. And let's make the smartest and right choices so everyone wins.
Long
by agbarbosa
Excellent Long-Term Hunting Opportunity in ETHBTC, Don't miss itTrading suggestion: There is possibility of temporary retracement to suggested support zone (0.0775 to 0.0660), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets. .Beginning of entry zone (0.0775) .Ending of entry zone (0.0660) Take Profit: TP1= @0.0860 TP2= @0.1000 TP3= @0.1106 TP4= @0.1253 TP5= @0.1514 TP6= @Free Technical analysis: .Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. .Relative strength index (RSI) is 67. .Current short-term is uptrend and continuation of uptrend is expected.
Long
by ForecastCity