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ETHBTCSHORT

#ETHBTC is likely to pump 20% . Here's Why!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or ETH can retrace a bit to the .062BTC level from which I expect a good rally. Target will be .075 BTC to .08 BTC which is the upper channel resistance level. This chart will be invalidated if we break below the lower support trendline. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE




Long
by Cryptorphic
4
ETH potential 9% drop looming!Ethereum against BTC has been pretty strong wee are trending slightly down but more of sideways movement within this descending wedge. i think that we could see a little more downside here until we start heading back up, for a few different reasons the first being if you look at my last BTC TA i think we are on the verge of a pullback in price and that will definitely shake up the market a little bit. looking at the coppock curve which isnt talked about very often is pretty accurate for finding market bottoms and reversals, so we see our wave is currently halfway to the bottom point, this indicator doesn't really ever ake any jagged turns or reversals and it smoothly transitions from bearish to bullish over time, we have a little trend line going for the wave bottoms and i think we are going to catch this support again before then transitioning back upwards. We recently got a bearish cross on the MACD and we notice some further separation in the MA's right off the bat and this shows we are getting further and further away from getting that bullish cross in the next phase, our histogram aswell has just started printing a few red bars and they are slightly getting bigger each time, we want to see these bars start to level off and ultimately start to reduce in size. Looking at the bollinger bands we are in an okay spot nothing to worry about here for now, the only thing is that price action is below the midline and we usually see our candles getting held down and below this level. Not financial advice just my opinion!
Short
by JacobR905
#ETHBTC just broke out of this Patten. I40% Rally Incoming.Welcome to this quick update, everyone. ETH broke out of the 995 days Long Resistance. I believe 140% pump is incoming. Just look at the chart it simply looks bullish. CMP is .0495 and it can easily go from 0.10 BTC to 0.15 BTC in the next few months. This chart will be invalidated only after a close below 0.037 BTC WHICH SEEMS HIGHLY UNLIKELY. The first ETH CHart I posted was around .016BTC when I said it's gonna pump from there that and was the bottom. It's currently 300% up from there. I have been holding on SPOT from a very long time. If you like this update do hit the like button and share your views in the comment section. Follow me if you haven't yet Thank you #PEACE
Long
by Cryptorphic
9
ETHEREUM- We were right to hedge 😼👌In our previous we explained 'why and how' to hedg e (Buy Bitcoin/Sell Ethereum) and as you probably understand it's going really well. I said it is going, not it didn't go, simply because that plan is still on. ETHBTC drop looks like it's still in the beginning. Ethereum is the weakest link at this stage, for reasons we explained just a few days ago; nothing has changed since this post Bitcoin went higher as explained on this video and it will most likely test the 60,000 ATH in the next few hours/days. Keep in touch for more. One love, The FXPROFESSOR
BITSTAMP:ETHUSDShort
by FX_Professor
14
Possible Blow-off Top ETH/BTCHaven't sold too much on the way up, collected some sats. Again, looking to buy more ETH Cheaper for less Sats. Have been selling small amounts. I'm think both ETH and BTC will be going down a bit more, possibly Alts will start to go nuts if this were to happen, both BTC and ETH will probably dip to allow this to happen, and then when many people have been suckered into all in on more of the shifty ALTS, the carnage will start. Alt season will be rewarding, but my thesis remains to use Alts to harvest mainly BTC with a bit of ETH if given the opportunity. Preferably with the most asymmetrical reward scenario for conversion at the time.
by JJMa
ETH.BTC (Y20.P6.E1).Macro.More bearish stillHi All, As you can see, its broken a key support trend line. It seems on the weekly we still have more downward pressure and in my opinion, the next level is here with a possible reversal. As per my chart, I have the ABCDE spanning wedge confirmed and there are 2 levels...I think this is the next target. Note the bearish signs on the weekly indicators...they all back each other. On the 2 day, we are looking like having a bounce however short lived. If you see a bullish candle, flip for the short term but short it at a key level. Regards, S.SAri
by ssari
5