ETH/BTC - Break Of Resistance From 2018 = Parabolic ALTS!It's been a while since I've posted an idea. But we are looking very strong here for a big break to the upside and a catalyst for a full-blown alt season leading to a much bigger decline in the bitcoin dominance chart.
Historic levels held below since August 2018... This could get very fun...
Trade carefully.
Ethereum-bitcoin
FALLING WEDGE IN ETHUSDPLAN
- Price Breaking below the Lower Trendline can lead to :
1. 1050
2. 933
- Price pumping up can retest the Upper Trendline but before that it should be able to break the 1246 region.
INFO
- Try to connect the ideas and get a clearer picture of the whole set up.
- This can play either way so keep an eye on the support and resistance as well.
Signing off,
THECRYPTONIZER
ridethepig | ETH Breaking Correlation 📌 ridethepig | ETH Breaking Correlation
A good example of a freeing move .
In similar positions, the break can trigger capitulation , since it opens up a test of the pivot level which is already somewhat cramped and is at the same time the appropriate positional response as we see profit taking in BTC help ETH catch up on the wing!
The break in correlation against BTC shows the underlying strength in the foundations of ETH... regulation is knocking at the door; governments will start to weigh heavier on BTC in 2021 than ETH. A +/- $300bn market cap for ETH looks about right in my books.
Thanks as usual for keeping the feedback coming 👍 or 👎
Ethereum correction finished? Alts hold strong against bitcoin!Ethereum has corrected back to the 15th-16th January support level and begun to resume higher.
Could this be the end of the correction or is there more to come?
Alt coins barely lost any value in bitcoin during the correction which indicates Alt coin strength and potential for a further run to the upside for them if bitcoin completes the large triangle pattern over the next week or 2.
Ethereum, where are we going?I drew a fibonacci retracement from the previous high to the following low, which gives us clear price targets for ETH.
Nevertheless, we have just tested the ATH and are yet to break through with confidence. As we can see volume has been relatively low over the past couple of days. I'm hoping to see a strong break of the ATH with a large volume candle, which should take us straight to $2000.
Enjoy the ride guys!
ETH / USD 19 01 21 = BTC / USD 16 12 20 FractalToday is a very important day 19 01 2021. Pay attention to the fractal. Let me remind you that today 19 01 ETH against usd showed 1444.
1444 is the previous all-time high, for ETH it is the same as 20044 16 for BTC (the previous all-time high).
Let me remind you that BTC 19 01 21 is in a symmetrical triangle squeezed into a corner.
Change comes when the pain of staying the same is worse than the pain of change.
Nick Hinton
The main trend BTC. Published on 18 1 0 2020
BTC / USD Main trend. Triangle Secondary trend reversal zone.
+300%
Published on 31 03 2020
ETH / USD Triangle. The price is clamped. Coming soon.
More +1000%
Ethereum Ascending Triangle - New All Time High?Ethereum is approaching the end of the ascending triangle on the 4HR timeframe, if we see volume coinciding with a bullish breakout above resistance ($1256.98) then there's no doubt we'll see $ETH test ATH & likely break through. Technical target is around $1620, however with a breakout above ATH i'd expect ETH to pull a far bigger move & head towards $2000 as long as Bitcoin allows.
XRP IS TELLING US WHAT WILL HAPPEN TO ALTCOINS AFTER BULL CYCLEHello. Making this idea to have as a guide and explanation to all of you what will occur in majority of altcoins and cryptos..
As I've been studying the cycle we are currently in, couldn't ignore the fact that all charts look extremely similar.. Most of the charts from old altcoins look like huge WXYXZ patterns that offer the most volatility in both ways.. Wave Z usually are EXTREMELY PARABOLIC. Extreme expansion followed by extreme sell-off, fear and panic in the markets.
Not all cryptos are in the same cycle period.. Some are just heating up and finisheing WX waves. Some are already done with expansion and full completion of WXYXZ.. Our goal as investors and traders are to identify in what cycle stage we are in with particular cryptocurrency and profit from it.
XRP is a good example of what will follow after extreme greed and FOMO starts...
*****DISCLAIMER***** IT HAS NOTHING TO DO WITH FUTURE XRP PRICE PREDICTION AND CURRENT XRP CYCLE AFTER COMPLETING WXYXZ. We already dropped 70%+ from the highs and now consolidating..
The time it's now for Chainlink!!! Altseason begin!!!Chainlink show in both ratios that it's bullish against Bitcoin and Ethereum. For that my friend, I invite you to don't missing this opportunity to invest in Chainlink. Because when you invest in Chainlink,you can to multiply your Ethereums or Bitcoins when you did make the change.
First, look these both charts:
This it's a good signal in weekly timeframe to invest in Chainlink. Maybe we can to see any little range for limited that it's show us that Chainlink it's into this bought zone to invest in long term. For that my guys, all depend if you want to make any investment in this cryptocurrency.
But, we see in general that in both ratios agains the Bitcoin and Ethereum it's in the good zone. Now, my own reccomendation it's be enfocous more in the ratio LINK/ETH to accumulate Ethereum, becuase if you accumulate Ethereum and when you get Ethereum, you can to change your Ethereum when the Bitcoin value make grow up in Ethereum valued in Bitcoin.
For your convencience, I put an analysis in the section of related idea about my targets for Ethereum below of this box.
But the chart that I like a lot it's the monthly timeframe and based in the periodical time future, becuase Chainlink have all possibilities to going up toward the 0.1 ETH each Chainlink to sell.
Imagine that if you hold 65 Chainlink in your wallet and the price in Ethereum going to 0.1 ETH, so your earning will be 6 Ethereum, and that it's nice, but one of the best strategy it's that, continue accumulating more Chainlink for these targets what we see in Ethereum or Bitcoin. But most par it's in Ethereum to hold Ethereum and then, sell all Ethereum in Bitcoin ratio. In my case I have a trading strategy that consist to find up 30% in my trade to my trading plan and well, I have 0.091 BTC in my crypto-broker. And then, my goal it's to achieved 0.10 BTC to use to invest in Chainlink. For that, I will going to waiting that Chainlink make any little descense when the Bitcoin pump, altcoins going to down if you trade altcoins/BTC. That it's my strategy, another strateg could to be smart if Chainlink go back to 0.00045 BTC to down and then, we can to hope any confirmation to bought Chainlink with plan.
But my trading plan it is. My first objective it's just to achieved 0.20 BTC and then, I will going to stop the trading and take out 0.10 BTC of 0.20 BTC and use this 0.10 BTC to invest in Chainlink, this could be a good and excellent strategy to invest in Chainlink.
Approximately, if I hope that Chainlink goes to for example 0.00049 BTC, I can to bought like 210 Chainlink coins approximately and hold Chainlink in the Ethereum ratio. That it's an strategy. And so, the other 0.10 BTC I can to put to generated compound interest make trading and repeat this strategy to find up 0.20 BTC and stop my trading again, take out 0.10 BTC of 0.20 BTC and use this 0.10 BTC to invest for example Cardano, Ripple, etc... But all depending how much Bitcoin do you have in your hand and other it's if you use Bitcoin to make trading in any crypto broker like Prime XBT to generated more Bitcoin or accumulate Bitcoin. That it's my strategy that I apply for it.
So guys, if you like this special analysis, please share this analysis with your friends, traders and support this information like content educational. And also, in some days, I will going to make another special analysis using Cardano, becuase Cardano it's show us a good signal to wake up in this giant cryptocurrency to invest.