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Ethbtcpush

$ETH #Ethereum GETTING READY FOR NEW ATH!!!Hello Lads and Ladies, Today looking into ETH we see some quite nice possibilities. Right now forming a cup, ETH might repeat itself for the third time and make HUGE pump, even with a possibility to a new ATH in BTC value. Everytime ETH makes this formation, it get very bullish and pumps at its peak with 100%. At this moment we have to see if ETH will test and stay at 0.09BTC value, which would be the 38.2%. In this case we will see the displayed pump, start right there. The targets would be the 61.8% fibs (which was the closing pump candle from the previous pump), the 78.6% fibs (which was the very peak of the last pump) and then the 100% fibs (which is still the ATH). From there it might push even more and touch the 127.2% fibs line and allocate its new ATH there. I chose for this chart the reverse fibs retracement because it has been respected quite exactly in the last period of time. Furthermore, the 100% pump would be right around 127.2% fibs line. I know this would be a very nice scenario and we would come a step closer to the lambo. ANYHOW, there is quite a chance that as soon the cup is formed and the 38.2% fibs line hit, ETH will stay in a channel and retrace back to the 0% fibs or even further down to 0.05BTC value (which would be the 127.2% fibs line, if this would not be reverse) looking at it this way, if BTC is at 20k $ that would still be 1000$ for ETH. Even though, there are many rumors for ETH hitting 5k $ this year, where the next pump would be a nice beginning. Short term, watch for the 38.2% fibs line ( 0.0900 BTC value) and see if it starts pumping or retraces down to the 23.6% fibs where it would be the next crucial point. Long term, if it enters the channel, trade the channel. If it pumps, you have the targets. If you are already in, you can gamble 20%-40% that it will retrace back to 23.6% fibs at least for a short period. Cheers, Tomas
Long
by KongTrading
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 a Good 40% Profit on Your BTC this MonthEthereum has been consolidating for some time now and looks ready for legup by the 16th of Feb it should the 0.618 Channel Line and make a move up to its ATH Keep Following the Trend as you can see ETHBTC has always bounced back from the 0.618 Channel and is looking good to repeat it while the ETHUSDT Chart also Looks Good and is making a move Upwards so Hopefully ETH will make us this Profit by the End of this month BUY ZONE Below 0.098 TP 1 - 0.1168 TP 2 - 0.14 Stop loss 0.092 Please Join my telegram channel for more tips and Trading Ideas and to know when to buy and sell ETHUSDT Chart Looks Promising too
by moneymunshi
2