Ethereum chart review So far Ethereum hold 38000 support as expected. Now moving towards ~39200 resistance. Since my overall forecast is bearish I think breakout has less chances to happen. At the same time it often happens that the least expected is the most possible since it leaves majority outside. (in loss).
Ethbtclong
ETH/BTC - growth!Price bounced from the strong support line. Considering that the altcoin season starts - I expect growth of ETH/BTC. Another correction to the support level is possible.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETH / BTC Long: BTC Dominance Weekly Flipped = ETH / BTC WeeklyWhatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal.
Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same way BTC.D moves down.
I'm bullish on ETH vs BTC, I think we'll reach at least a ratio of 0.05-0.06 BTC per ETH, with a possibility to re-visit our previous all-time high and potentially break through to 0.2.
Ethereum/Bitcoin ratio (Overview)Ethereum/Bitcoin it's bullish. that mean Ethereum it's grow up against Bitcoin in based in their Bitcoin value and calculations. Ethereum have a cost of 0.032 Bitcoin.
That mean, if you apply a strategy supposed to accumulate 10 Ethereum coins. Easily you can to get your first or 1 Bitcoin completely. Remember, 1 Bitcoin it's like a Gold . For that, I invest in Ethereum right now than Bitcoin as Ethereum it's going to run this trend. For that, one of my trading strategy it's reach 10 Ethereum coins as minimum. Actually, I have 4.23 Ethereum coins in what I earning in my trading that I have in hold.
Now, if Ethereum/Bitcoin goes to 0.1 Bitcoin, my 4.23 Ethereum coins it's can to have a value of 0.423 Bitcoin. But my goal it's to achieved 10 Ethereum coins as minimum when have a cost of 0.1 BTC, I can to get my first or 1 Bitcoin. Another strategy it's fund your Ethereum account with Ethereum assets in Simple FX and open up a Cardano contracts, whatever, I apply this strategy too and I have some Cardano contracts like 2,000 Cardano contracts funding in Ethereum to accumulate more Ethereum too as the same time Chainlink too in Simple FX. Guys, I invite you to check out the Simple FX, this it's an excellent cryptocurrency broker to trade crytpocurrencies or whole financial markets. For that, theres a lot strategy, the most common are hold Ethereum, accumulate Ethereum make trading or open up any cryptocurrency or Cardano contract to keep this positon to longer. I apply the both.
Now, based in my analysis, Ethereum/Bitcoin it's formed a shoulder head shoulder inverted, that mean a bullish pattern for the next altseason coming on in the next months. I have my 3 targets to hit in Ethereum/Bitcoin ratio that I show you.
For that, if you accumulate as minimum 10 Ethereum coins x 0.1 Bitcoin value = 1 Bitcoin (your first Bitcoin) if you apply this secret that few investor know, also I know it. Also, you can to open up some contract position to accumulate Ethereum whether in Cardano, Tezos, Eos, or any crytpocurrencies that you know, not just in Cardano, but if you want to apply, my recommendation it's choose 1 crypto what you want to open up contracts position and use a modered leveraged like 1:! or 1:5 my recommendation. And with this way, you can to accumulate Ethereum.
Also, I invite you to check out Ethereum fundamental analysis if you don't know what it's Ethereum.
Bullish Macd ETH/BTCSimple analysis.
If the MACD is crossing the signal in the next hour we enter a bullish trend.
The RSI is also low, which indicate an Oversold asset.
Even though the market as a whole is down, ETH might be a bit less bearish than Bitcoin which could lead to an increase in the price of ETH/BTC.
ETH-BTC Indicator Analysis - BullishA bullish case for ETH-BTC
Similarities in price action can be seen within the boxes
This is better shown on the log trend indicator
The 200MA is extremely flat, suggesting that it may rise rather than fall
Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in the previous scenario (first box)
Attaching some other ETH-BTC ideas
I am long Ethereum..
ETH BIG OPPORTUNITY, BUY THE DIP.Ethereum is testing the breakout from ATH, sell here is like selling Bitcoin after 20k break months ago.
This is going over $2000 USD very soon, meantime bitcoin creating a accumulation range at ATH.
I bought the dip!
indicator say buy, history has a great win rate.
Enjoy.
ETH / BTC - Logarithmic Triangle Breakout IdeaI've been pursuing a long trade target around 0.062 on ETH / BTC for a while now (TP 1 - range between 0.053-0.062).
Here's an alternative idea that shows potential for a second higher Target, based on breaking up out of a long-term symmetrical triangle on the logarithmic chart and re-testing the top of it.
This also shows we are in a parallel upward channel after having changed direction from a long term downtrend. We are nearing the bottom of that channel, as well as touching the midpoint of our daily high and low (yellow line in the middle of the two red lines), which would create a good turning point for our potential move up. That said, it's certainly possible we head a bit lower first and test the bottom of the channel again before making our move up and out.
Breaking below the channel or breaking back down into and/or especially below our triangle for any extended period of time invalidates this idea.
See previous related ideas linked below.