ETH/BTC Risk Reward Entry ChanceI strongly believe that ETH keeps on outperforming BTC for a while. That's my entry.
Ethbtclong
ETH/BTC - Flippening is inevitableETH/BTC is looking very nice here. Price broke out of the May peak trendline and consolidating above. A/D value also broke the same trendline and 21 EMA and consolidating above both.
Bullish until breakdown of any of these lines. Target 0.1 if bullish sentiment continues.
ETHBTC Parallel ChannelETHBTC Weekly looks like a potential parallel channel .
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ETH/BTC quick lookA very quick look at ETHBTC shows that we broke out of a very large descending wedge and also broke through the 0.382.
However, we failed to maintain the 0.382 as support. meaning that the next support level could be the top of the descending wedge. Switching it from resistance to support.
Breaking out of this rising wedge has a theoretical target of 0.114. But there are many resistance levels that will need to be overcome before then. This will require ETH to outperform BTC until around mid-September. This is tricky as ETH generally lags behind BTC (meaning this trading pair will go down in value). And whenever BTC experiences a correction altcoins (ETH included takes a harder hit).
ETHBTC Will Go up After Getting Out of the Triangle
Welcome back Traders, Investors, and Community!
Hi Traders, ETHBTC on D TF is getting close to the end of the Triangle. We have series of large green candles which indicates the Bulls are in control.
⬆️Buy now or Buy at 0.0618
⭕️SL @ 0.05665
✅TP1 @ 0.071130
✅TP2 @ 0.0800
✅TP3 @ 0.0985
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Time to Convert BITCOIN to ETHEREUM?! ALTSEASON Starting?!Is now the right to rime convert Bitcoin to Ethereum to increase your Bitcoin stack?
One of the best risk reward trades in cryptocurrency is knowing when to convert between Bitcoin and Ethereum. You can easily multiply your Bitcoin stack while taking on relatively small risk as Ethereum is the most stable of the altcoins.
So the question before us is "Is now the right time to convert some Bitcoin into Ethereum?" so that as ETHBTC rises, we will be able to increase our Bitcoin holdings.
On the bullish side, we do have a double bottom breakout which has been confirmed by the break of the neckline, indicating that the ETHBTC pair is likely to head higher. Moreover, ETHUSDT has had a huge double bottom breakout as well on the daily timeframe that has a technical target of $3000+ (though we would've liked to see more volume on the breakout).
On the bearish side, ETHBTC is running into trendline resistance (this is the trendline from a descending triangle), so the pair might get a rejection here. That said, if we are able to break out of the triangle and close above this trendline resistance, then we would have a double bottom breakout combined with a trendline/triangle breakout, which would be super bullish.
Let me know in the comments below of if you playing it safe and waiting for a daily close above the trendline or if you are being aggressive and converting Bitcoin into Ethereum Now.
ETHBTC descending triangleAlmost at the apex of its descending triangle (or a bullflag, depends on how you draw it). The first higher high would be considered the breakout - price crossing 0.0641 BTC. You could set an alert or a stop-buy there. Once that happens, the closest resistance levels would be:
0.08-0.0825 - top of the pattern;
0.1 - major psychological level;
0.115 - measured move, length of the flag pole.
Pattern would be invalidated if the price dropped below 0.057 BTC after the breakout.
But I have to admit, I don't see a point of waiting for the proper breakout here. Almost half of my portfolio is in ETH already. It seems like such an obvious trade. EIP1559 makes Ethereum deflationary, and at the same time significant amount of volume is being forced out from centralized exchanges into decentralized ones. Most of retail doesn't mind the KYC thing much, but american "whales" will have to choose - subject yourself to ridiculous taxes, filing every trade as a taxable event, or move to Defi completely. You don't need a lot of brainpower to see what's going to happen, and ETH will win from this immensely.
ETH 2 scenarios both promisingHello Traders, explanations are on the chart,
Follow to get more analysis,
Feel free to comment your opinion or question
Regards,
ETHBTC ENTRY AND TAKE PROFITS/EXITS!ETHBTC ENTRY AND TAKE PROFITS/EXITS! - This is a strategy for ranges, do your own research and TA before entering a trade, this is NOT financial advise, it is an idea.
ETHEREUM AGAINST BITCOIN !!!JESUS CHRIST - WE ARE NEARLY 28 HRS AWAY FROM CLOSING THIS WEEKLY CANDLE ON ETHBTC (at the time of this writing), IF WE ENGULF LAST WEEK'S CANDLE, WE ARE ONTO A BIG PUSH TO THE NEXT IMPORTANT KEY LEVEL ON THIS CHART 0.120719
MAY THE BULLS TURN UP THIS PARTY !
ETHETH / BTC 4H 5 waves up appear complete , now we correct in ABC correction and keep my bullish bias on ETH or not we must watch and continue daily analysis
ETHpossible H&S pattern forming here on the hourly ETH chart I will sell this move and buy back the target $1906 but probably set buy orders a little higher. This is low risk for us so anyone looking to make some ETH profits can join if the pattern plays out as anticipated.
Just put this alert out in the group. Free to join till 7/15
ETH-BTC Fascinating Ribbon Pattern3 Bearish Peaks can be observed on the ribbon indicator
This lead to a bear run
Now 3 Bullish Peaks (based on trend) can be observed on the ribbon indicator. Is this an early indicator for a larger bull run on the BTC pair for ETH?
For me it is.
Currently price is under 0.786 on the 3rd peak, and should hold above the pattern that has formed, leading to a larger breakout
I forecast a ~0.3 top
ETHBTC Gaussian Channel, Perfect PlacementThis looks great
Sitting just above the channel
Now we just wait until the channel turns green which is highly likely with a position like this
ETHBTC is very bullish based on this observation
Further Emphasizing Ethereum's DominanceFrom a double dead cat bounce to an established trendline
ETHBTC will test 2.618 with strength behind it
This strength will prove vital in breaking this barrier, a barrier which has been observed in the past
Another test and rejection will lead to the same recovery, and another testing of 2.618. The only question is, is this the structure that holds and breaks 2.618?
Insane Bullish Signal For Ethereum! FLIPPENING!*Disclaimer, this is not financial advice, just my opinion as a crypto enthusiast.
ANALYSIS
On the weekly ETH/BTC chart we have a "cup and handle" formation which is known to be one of the most consistently accurate chart pattern.
PATTERN CHARACTERISTICS
*The base of the cup is very smooth (rounded) rather than jaggedly or V-shaped which gives this pattern more credence.
*Volume is drying up as the handle forming; reaching its presumed lows
*The handle is a within range, dropping around 25% so far and staying in the upper range of the cups base. If the handle drops below 30% this makes the pattern less likely. *However this has been a very long cup and we are potentially at the bottom of this possible short bear market we're experiencing; which can cause extra weakness and shakeout, in this scenario the pattern would still be completely sound if there was a further shallow decline.
TARGET
*Target is calculated by drawing a line from the bottom of the cup to the top and adding that to the breakout from the handle
*The breakout has not happened yet so this is still unconfirmed
*Breakout should occur on strong volume and surpass the high of the cup's base
---> CALCULATED TARGET IS APPROXIMATELY 0.15 (which would take Ethereum back up to it's All Time High.
Let me know what you guys think, is this possible, would this result in a FLIPPENING, would really love to hear your thoughts?
ETHBTC long Cyber patternETHBTC possible long on PTZ for Cypher harmonic pattern.
Cypher pattern often appears as complex correction of Elliott wave fractal. Also in typical running flat or typical 3th wave correction.
If this is case, we should see 1st impulse (not necessary to catch bottom) and better to wait for pullback after first move. If not hold we can see level what I will watch on weekly.
REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
ETHI think ETH should start heading back to $3400 soon. But still kinda risky. I took a long here during the blood bath. Daily must close strong and I will really feel more confident.
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
ETH-BTC Dangerously Bullish IndicatorsBoth indicators look as if they are headed to the moon, no resistance
I think Ethereum can do it, It could really flip Bitcoin
