ETH/BTC is attempting to consolidateETH is attempting to consolidate above the 2.618 level on the monthly log chart and approaching the 21 fib zone which is a key reversal point. This maps to the beginning of August 2022... I'll be watching price action on lower time frames until then.
Price is currently sitting at the 21 EMA and the 50EMA is below 2.618...
If there's no clear bullish impulse above 2.618 then price is likely to retrace below this level for an extending period of time. I'm targeting the lower range of the gaussian channel if this scenario plays out.
BTC will likely see upwards momentum before ETH in the next bull cycle which supports the bearish scenario for this chart
Ethereum-bitcoin
$ETH / $BTC Weekly (Log) Trendline Paired w/ RSI: Best Buy Time!Hello Traders,
Please see the chart for the best time to buy historically.
The ETH/ BTC pair has been following the yellow trendline since its first touch back in 2017, right before putting in a massive green wick of over 13k%.
Since then the price action has hit the yellow trendline a handful of times but the two best times to buy, were when the price action hit the yellow line, while the RSI level dipped to the 30 levels.
You can see on the chart I outlined the RSI levels with the dashed green line.
If we are lucky enough to get another scenario like this, we would need to see a price of around 0.0409(BTC).
Patience, no FOMO, just setting great buy levels and waiting, is the name of the game.
Good luck!
ETHUSD: BearishHello Traders and Investors,
Crypto and markets overall haven't been looking good all year. We can clearly see that ETH had a head and shoulders pattern that broke the neckline. I am expecting the price to continue to move down in the coming days and weeks. We will have a small relief rally once the target is reached. I am waiting til then to go long if opportunity presents itself.
However, I do believe BTC will head back to 20k at some point. So whenever that happens we will start accumulating more ETH for the long hold. If the price continues to dip, we will buy more ETH and hold for the next bull run. It will come like it had multiple times in the past.
Thanks
ETH/BTC DIRECTIONAL SUPPORT & UPDATE For those of you ( probably like 5 people ) that had the opportunity to read my last idea about a possible perfect bottom. Looks like the bottom we called was within 10 +/-. Pretty good! The Weekly RSI indicated selling pressure was exhausted. Now that we have confirmed the beginning part of that idea, I'd like to share some of my thoughts. I have been considering the idea that many bears are pushing that we will see a dip down to the 21-24k range. While I have prepared for such a drop, it seems a bit exaggerated based on the market technical ( but not impossible ). The recent spike in prices shot the RSI beyond the 70 + range then it quickly correct balanced while retaining a higher price again showing me the selling pressure is getting exhausted at these levels. Right now, I am looking for another solid RSI spike to 80+ hourly range followed by a deep correction below 40. If the price vs RSI continues to balance upwards, the less likely we will see this 21k-24k bottom. Given the situation, this is a good chance for solid bear trap followed by a solid short squeeze back to the 42k range.
Ethereum Spec - Interesting Level, Interesting Volumes, Intere..-This is not a trade or financial advice so please use your own discretion and appropriate sentiment to make IB decisions.
Interesting area, though we are in bear market.
Big money moves on both sides of market to happen. Looks more likely to bounce temporarily from here than fall through a cause de volumes.
Je pense que there is a minor retracement here part of larger trend to push lower though for now said vols do not suffice the power to fall through. Couple areas of interest I would note for way up and look for signs of exhaustion/loss of steam.
Personally I think 3 figure Eth ($) is very much feasible before the commencement of the next cycle. (Stagflation on a list of circa alf a dozen) (I also think that 3 thousand Eth ($) is also very much feasible too.)
BTC Halving - 2024.
Historically, pre hype, pre cycle gives us a nice push and more heavy accumulation phase in the 6 months prior. I expect halting of the establishment 'Chop Shop' around Late Summer/Autumn 2023.
My personal strategy for now is look to trade swings where appropriate and DCA into my fav coins, I will be more aggressive with accumulation in 2023.
(Note: I am learning more and more about this market every day, these thoughts are my own and not intended for financial advice and I accept the fact that any ones views may not align with mine, I am always open to discussion as I am striving for improvement each and every day so feel free to comment or DM to discuss)
Also @NonFungibleGNGA on tweeter.
Drop and drop, support at previous ATH on 2018For a year, Ethereum BINANCE:ETHUSDT has dropped 65% from All Time High.
Right now, ETH is trading around 1,700.
It's creating a falling wedge. If ETH's perfect breakout, forget 1,400. Otherwise, we just catch it.
Scenario come back to 1,400 is more likely.
What next, wait and see
CHZUSDT on a CHANNELIn the daily time frame, it is located in a descending channel that the price provides appropriate support by reaching the bottom of the channel, and if the range is specified and the channel floor does not break, the price can advance to the midline and the ceiling of the channel.
This analysis will be updated if the channel floor fails.
Its not Buy or Sell SIGNALL
DYOR
BY : Mohamad Teriz - @AtonicShark
$ETHBTC 1HR Major Trendline ResistanceEthereum/Bitcoin is testing its major trendline resistance after 2 weeks of rejections and now a 5th attempt to break is really trying hard.
This goes hand in hand with the 1D/3D support trendline that it needs to hold. A break here would signal a support hold on the HTF, while a break would be, well, ugly.
Lot of recent choppy price action in the area where the breakout could be headed, so its a bit of a tossup. Break back down and .0675 should be a key support.
ETHEREUM 3D TF TA : 05.23.22 (Update) Examining Ethereum's chart in the 3-day timeframe , we see that the price has reacted positively to its support range (Bullish OB) . We expect the price to rise to $ 2700 as the first major price target if the support can hold the price in the $ 1700 to $ 2000 range, this is a mid-term analysis.
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.23.2022
⚠️(DYOR)
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XRPUSDT Break TrendLine NOWIn the daily logarithmic chart of Ripple, we see the loss of the trend line, and if the pullback is completed, we will have the possibility of falling to the support. If the trend returns and support is maintained, we will have a price rise.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETH/BTC - Long Term Top Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I think has pretty terrible implications for the 2nd largest cryptocurrency. A break ABOVE the channel would likely invalidate this bearish idea in the short term, and could result in a new all-time high for the ratio. Not sure this is likely.
I believe ETH's value has been inflated by the NFT and DeFi bubbles, as seen by the immense premium speculators are willing to pay just to transfer tokens on the network (high fees). DeFi is really starting to look less and less appealing, as scandal after scandal has started to make waves across the cryptocurrency space, in an atmosphere that has already been quite negative. Right now, market participants are fleeing collapsing altcoins in favor of ETH, as can be seen by its increase on the ratio during market turmoil. But I think it's possible this does not last. XLM/BTC moved up momentarily right before Bitcoin collapsed in late 2018.
What more does ETH have going for it, aside from the merge, which is still a ways away? Still many have their coins locked away for staking, even as APY comes down on many platforms. I think people will be less and less willing to hold ETH, and that this period of consolidation will turn out to be distribution, leading to a precipitous decline. Ethereum has so far been unable to touch the previous all-time high against Bitcoin. If it breaks down before succeeding to do so, this would suggest that ETH is actually in a long term downtrend against Bitcoin (like most alts), and would have a hard time recovering on the ratio.
Many altcoins are in freefall against Bitcoin and ETH, yet Bitcoin dominance remains stable just below the 50 week MA.
If dominance breaks the 50 week, I think we can see the end of distribution for ETH.
On the upside, we would need to see the ratio head above 0.088 and sustain to consider a new all-time high. If this occurs, the entire market may also want to make a new all-time high. Since I think this is unlikely in the near-term, it also follows that I think a new ATH for ETH is also unlikely. Let's see what happens!
This is not meant as financial advice - this is meant for speculation and entertainment only.
-Victor Cobra
ETHBTC is still a goThe market is in a pretty bad way but that is only if you care about the dollar value. If however, you like to trade in ETH and BTC pairs then not much has changed. ETHBTC still looks good, after a take profit signal a couple of weeks ago it is now back above the moving average and pushing higher. If you are going to be stuck in anything, better to be stuck in Ethereum.
ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC
There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC.
ETHBTC Technical Analysis
As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range.
What to Expect from ETHBTC?
ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC.
Resistance level to watch out for: 0.076 BTC
Support level to watch out for: 0.072 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH Help US find support!!ETH USD
Like the US 500, like the BITCOIN and like many other BIGs on the market, it is located in Zona Media Movile 100 (Yellow line).
The second Crypto by market cap also has support in the oblique trend line where we will probably meet liquidity in this area.
The Support is in the approximate price in the white circle and sees in the area.
1) SUPPORT $ 2'350
However, if it were to go down even more we would find a SUPPORT between 2) $ 1,500 and $ 2,000 we will find other interesting points of entry or accumulation.
The resistances are many
R1) $ 3400 and $ 4200 (a fairly high price range)
and obviously the all-time high
R2) near 5k.
What do you think, when will ETH and the whole market start again?
In what medium?
Will we break the resistances back towards 10k?
Leave a comment and your opinion.
Grow with us
LPI.sa
#Bitcoin Maintain Lead over ETH, Critical Support at 0.072 BTCPast Performance of ETHBTC
ETHBTC remains within a sideways movement following a bear breakout formation on April 18. Technically, BTC bulls have the upper, a development that may spark more capital inflow, especially in a dicey crypto market. With ETHBTC boxed below0.075 BTC and ranging below the middle BB, the path of least resistance could be southwards in the medium term.
ETHBTC Technical Analysis
#BTC buyers have the lead at spot rates. Despite #ETH retaining the edge from a top-down analysis, the bear breakout formation of April 18 and the inability of ETH bulls to drive prices above 0.075 BTC even after the bull bar of April 22 skewed price action for BTC. Therefore, considering the formation in the daily chart, traders may wait until there is a conclusive, high volume breakout above 0.075 BTC and, on a conservative end, 0.076 BTC, before loading the dip. Meanwhile, BTC could take charge and shape the immediate term trajectory if there is a close below 0.072 BTC. In that latter's case, ETHBTC may drop to 0.070 BTC in a retracement from April 2022 peaks.
What to Expect from ETHBTC?
In a risk-on crypto market state, BTC may benefit as a safe haven. Therefore, in light of this fact, ETHBTC has critical support at 0.072 BTC. A close above the middle BB could be the launching pad for more ETH gains in the medium to long term.
Resistance level to watch out for: 0.075 BTC
Support level to watch out for: 0.072 BTC
[ b]Disclaimer: Opinions expressed are not investment advice. Do your research.