Ethereum Cycle Top Idea (80k)I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1 line by month
June 2021 12k
July 2021 16k
August 2021 18.5k
October 2021 21k
November 2021 24.5k
December 2021 30k
This area in the yellow circle is where Ethereum will reach its cycle peak most likely. I have included Fibonacci time zones as well and I get a date of June 2022 ,interesting because my intracycle top idea for bitcoin peaks in April 2022. So lets say Ethereum did peak june 2022 on the 2/1 line it would put Ethereum at 80000 dollars.
Ethereum-bitcoin
ETH / BTC cycleIt seems the ratio have some repeated and expected behaviour between a predicted range.
It would be nice to keep switching between these two for more profit
Altcoin dominance clearly broke out. What's next?Big breakout both in USD and BTC terms after almost a 2 months consolidation period. Several larger coins have started doing pretty well once again, which will then have a direct impact on smaller ones. However until then on average BTC and ETH might crush the rest of the coins in terms of returns.
So far the total market cap has gone up 140% vs BTC but coins have pumped on average 10-15x from bottom to top. However this next leg up will also be massive as we are moving in the 4th phase in my opinion and one where even more people from outside the space are pilling in... and where the supply/demand imbalance is massive.
Currently the main issue for alts would be a Bitcoin ETF announcement or an 'attack' to 'unregulated' exchanges, but there aren't things I can predict now. All I see is tons of coins look good, Crypto outperforming everything and leading the way across all markets... So I can't see a reason why something would change right now. I don't see anything that tells me things are about to slow down, but the exact opposite. Again for now this holds both in BTC and USD terms.
In my view the first 3 phases were pretty small and there was constant rotation among coins, themes, narratives, sectors and so on... but this time around I don't know what's next. Tons of things look great and if Ethereum does well, tokens on Ethereum that suffered for quite some time might be 'revived'. A 15% rally of ETHBTC is no joke, especially as it is back above all key MAs and Pivots.
Essentially it is like the market has done a 5x vs BTC, with small caps coming closer to large caps, we could get another 5x. Alts came off the largest capitulation event ever, with the REAL Bitcoin Dominance hitting 77-78% and alts only rallied after Bitcoin hit 35k, which is quite big. Currently alts as a whole haven't even gone above their August 2020 peak, so they are still relatively cheap. In my opinion Bitcoin dominance could easily hit 40% in this quarter. So be ready!
XRP EXTREAMLY BULLISHxrp /btc chart shows us a huge upside potential of Xrp ,it if breaks the current resistance , xrp hodler will enjoy , so much rumour about xrp to go pubblic as a company will lead its price .but be extreamily coscious about xrp as it pump fast and dump with the speed of x2.
have a good trading session.
POLKADOT SEEMS HEALTHY dot/btc chart : according to the chart it is set to test the upper resistance zone , if we surpass it , {as we are in the altseason ,maybe , it has chances to break, after that POLKADOT will be in price discovery.
as we notice the volume is decreasing day by day , as we look left after that volume decrease DOT had a huge spike upside , probabilities are for the same to happen, with a 3 - 3.5 x from its current price
ETHEREUM SEARCHING MOONeth/btc chart broke the pattern shown in the chart , there will be pullback to retest the resistance of the channel , and from then go go go
⚠️ ETH just broke ATH and key resistance against BTC! (+178%) ⚠️Why does ETH keep pumping? I was wondering why ETH is pumping so hard without real retracements which you would normally expect. I also keep on seeing increasing volume for ETH... The question is; why is ETH doing so well?
ETH DOMINANCE
The answer you find in this chart, ETH just broke key resistance against the dollar AND bitcoin! This, ladies and gentlemen; is the mother of all signals; ETH will go parabolic from here; I have no doubt. I already posted about a 3K ETH in May but with current developments I think we can go much higher than that. Yes that sounds crazy but if you look how looooong it took for ETH to even get here in this bull market and how much institutions are and will be stacking it; you will understand that NOW there is a key shift in the crypto market. That is?
ALTCOINS ARE DEAD, LONG LIVE COINS
It is ETH taking over the position of BTC as the crypto hedge coin. Whereas you would always take profits or stops into BTC; the market will shift from BTC to ETH and not only that - no, there is a more severe reason! This is the BTC dominance. Believe me or not (and I love bitcoin, just look at my username) BTC will be dethroned as a major. The word "altcoin" will leave the crypto space and instead you will just buy coins according to what seems most interesting. This has multiple reasons:
- BTC has such a big marketcap it is unable to outperform most COINS (!) thats why investing in other coins than bitcoin is more risky but also brings a lot more potential gains.
- The end goal for BTC is to get to a marketcap of gold (around 8/9bn) and become low volatile digital asset that hedges against fiat
- Institutional investors will always be most attracted to use case, adoption and performance of utility coins such ETH, LINK and DOT (and many more) because they can monitor progress (of the blockchain) as if it was a stock and a company.
- Institutional investors will from now on becomes the main driver of the market (over retail investors); what they buy will go up and retail will follow and vice versa...
THE FUTURE OF CRYPTO
- BTC will become one of the coins, no longer THE coin, therefore the word "ALT" coin should be and will be ditched soon.
- ETH will become will replace BTC as a hedge against smaller coins because as ETH has such great adoption and will start a deflationary model; it will be most rewarding low risk crypto asset.
- BTC will become more of a low risk asset like gold; with diminishing returns and diminishing risks; exactly what it needs to be.
- Future bull runs will be dominated by blockchains with the most adoption and performance, the time of meme coins is soon over.
ETH VS BTC
As for the ETH/BTC pair we can be very short and simple; for the next months but most likely years; Ethereum will outperform Bitcoin. Only if ETH will be outperformed by a rival blockchain; we could see a shift in this trend. For now there is zero reason to believe that ETH will not rule the crypto and defi space; it is literally what is made for and it has most of the market share. In my opinion the ETH price has a long way to reach its top and with this crucial signal flashing; I seriously have no clue of where this will stop but let me do a wild assumption; 10K is coming this year but maybe more, who knows?
What I do know is that this breakout is history in the making for Bitcoin and the crypto market as a whole.
ETH/BTC Indicates ETH $4000-$7000I am not a financial adviser. This should not be taken as financial advise. Please consult a financial adviser before risking capital. Never invest with funds you can't afford to lose.
It is likely Ethereum will outperform Bitcoin over the coming months with Coinbase finally working through their list of those waiting to stake their Ethereum for some APY. I would assume this would create a nice amount of relatively stronger demand for Ethereum as compared to Bitcoin. However, I don't expect Ethereum to run away with this and create All Time New Highs when priced in BTC. There are too many competitors to Ethereum stealing its energy and their critical scaling update is far from just around the corner. The high fees of the network are killing demand as can be seen with the noticeable dent The Graph took in their query growth numbers. Not just this but Pancake Swap is just one of many examples of competitors stealing the show. I would expect to see Ethereum get to 0.05 - 0.07 BTC by the mid summer months of July/August. With that said when converted to dollars I expect this to mean Ethereum will be between $4000-$7000.
Very Strong Sell Indicator for ETHBTC CrossWhether it is selling a CFD or merely moving money from ETH to BTC, the short term for this cross is pointing downwards. This is because ETH and BTC are at very different points in the day graph:
* ETH is in overbuy range while BTC is almost touching the oversell.
* ETH just hit the all-time high amid diminishing market, which increases the tension downwards. BTC hit a major low and appears to have found support, so up it should go.
* BTC today tiuched the 1W median of the Bollinger Bands. Any sustainable move downwards would indicate a long bearish market, which is unlikely for now. ETH is on the median of the bands in the day graph, which is not a significant support.
Make no mistake, the foreseeable future belongs to ETH in terms of growth. However, the short term, that is the few days to come, it's another story.
Ethereum (ETH) will continue to outplay Bitcoin (BTC)Cup formation on Ethereum (ETH) / Bitcoin (BTC)
How to trade the cup:
The height from the cup entry point to the bottom is the increase we will see from the cup entry to the exit.
To make it easier to plot, I have used the eclipse tool as you can easily mirror the dip to predict the peak.
From when I first drew this it has grown 21% and I expect a further 57% gain over Bitcoin (BTC).
Bear Crab EthereumIt appears our assessment of the cypher pattern in Ethereum was a bit premature. What we thought was a bearish Gartley pattern evolved into a bearish crab pattern. We saw almost a full retracement of the CD segment which is perfectly reasonable for this pattern. The level $2143 has provided good support and we are likely to continue to see support here. It looks like we are catching a lift here at these levels. We've already broken through $2232 and are in the vacuum zone between that and $2400, the next level. The Kovach OBV has completely bottomed out suggesting we may get some buying here.
Why I am NOT buying this dip (yet) - BTC,ETH,ALTCOINSHi evryone,
we saw the drop coming on Ethereum and Bitcoin and of course the rest of the cryptos followed.
For me (personally- my humble opinion) it's no time to buy the dip yet.
Take a look at the video and give me your comments.
Hope it helps.
the FXPROFESSOR
ETHBTC Bullish for a move to 0.054Technically we are bullish for a move up to 0.054 aslong as we are closing daily candle bodies above 0.029
For the next impulse to start we need a strong bullish momentum candle at this current level
If we close a daily candle below 0.029 we will most likely move to 0.025 and have a big bounce there to attempt an impulse
If we break 0.023 then i will get longterm bearish, but aslong as we are closing bodies above 0.023 im long term bullish from here
Ethereum Bear Cypher Pattern!!Ethereum is feeling out the range after it dipped to $2025. We have attempted a rally, but have stopped short of our resistance level at $2402. We appear to have a bearish Gartley cypher pattern forming. Cypher patterns are extremely reliable in trading and we can expect ETH to retrace 50% of the CD range. This coincides nicely with about $2200, a technical level. This would be perfect for a short term trade and would give traders the opportunity to load up for the longer term.