#eth / #btc pair rallied in last 2 months period and needs to rest i think. A bearish divergence is formed in #ethereum against #bitcoin chart. Retrace to red box is necessary. Breaking up the channel with huge volume is the invalidation of divergence. Not financial advice.
#ethereum against #bitcoin chart, #ETHBTC has reached top of the channel before ETF approval. Volatility will be insane.
Pair : ETHUSD ( Ethereum / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves and Rejecting from Daily Demand Zone or Fibonacci Level - 38.20%. Break of Structure and Completed the Retracement. Break out of Upper Trend Line of Consolidation Phase to make Fake Breakout. Strong Divergence in RSI
Since BTC topped around 31k, ETH has outperformed BTC. It looks like ETH is slowly gaining more and more, as more ETH is being slowly burned through EIP-1559 and more ETH is being staked. As ETH outflows since the Shapella upgrade have peaked and inflows are dominating, ETH now has a yield of about 5%; ETH looks more attractive than BTC. Of course, BTC has its...
ETHBTC is consolidating right now on neutral 1D technicals (RSI = 55.810, MACD = 0.001, ADX = 53.149) supported by the HL trendline. A bounce on the 1D MA50 would be ideal for a new buy, but if it breaks the trend turns bearish. Until it does, we are bullish, targeting the 0.9 Fibonacci (TP = 0.07200) as it happend on January 2023. But of those where the bullish...
The ETHBTC pair has been trading inside a Triangle pattern for almost a year (since the June 13 2022 Low). For the past 3 weeks the 1D MA50 (blue trend-line) has been supporting while the 1D MA200 (orange trend-line) has been the Resistance since January 21 as the price has failed to close a 1D candle above it (having 3 clear rejections on it). The key difference...
As usual, what follows isn't financial advice but a mere observation. This idea is to be considered as a follow-up of the one that can be found linked below. As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC. While price action wasn't exactly confidence-inducing until a couple days ago, tides...
Good evening, we are from Ukraine! Why was it necessary to place a limit buy order at this particular moment and what were the goals for profit-taking? I'll start with the first one, because we are at the bottom of the trading range after manipulating (on volumes) with a false breakout of the lows and a quick resumption of purchases on the buy bars with an...
We haven't looked into the ETHBTC pair in a while but there is no better time than now, in the build up of what the market calls an 'alt season'. As you see the pair hit its 1D MA50 (blue trend-line) this week after a strong rebound on the RSI from below the 30.00 oversold barrier. Last time that happened was on June 13 2022. The Fibonacci levels help at...
]Good evening, we are from Ukraine! Continuation of the movement. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn.
With a strong ascending trend line on the underside, and Buy signal from Crypto Tipster v2 and only a few real areas of resistance above, we can see a small Bullish move on #ETH / #BTC very soon. We should see a good 10% rise to the next level of resistance, and if we can push through this level then 25% wouldn't be too hard to achieve either! _________ What...
After some mega trades throughout 2022 with #ETH #BTC we've been a little quiet recently ranging within a smaller channel with trades showing small profits and/or small losses. We've got a chance now of another small profit from a Short trade but the real question is what's going to happen next? When a breakout of this ranging market happens (which it will!), the...
ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings! We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should...
Hey guys - Just taking a quick look at ETHBTC and it would seem we've experienced a little fakeout above trend levels only to experience quite a sharp decline to the point of breaking below recent support. There is still strong support located around 5% below current price so this may act as a natural level to reject the downward momentum - or ETH may well break...
The ETHBTC pair has been trading within the 5-month Higher Lows Zone for the past 5 days, tight also within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). All this while it remains bearish below the Lower Highs trend-line that started on the September 07 High. The 1D RSI is rebounding off its 3-month Support Zone, so technically we should see a...
The ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019). The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can...
#ETH UPDATE. #ETH has broken above the symmetrical triangle and blue box resistance as well,now the blue box area is the new resistance for ETH. Can take some long positions with blue box area s the new support and the stop-loss.
The markets have been in a bad situation for a while now and continue to do so these times (bear markets) are the best time to short every fake pump. Here you can see that price is just pumping for a slight recovery after declining in price for a while where whales are trapping and getting liquidity from retail traders, not a bad time to short hoping it either...