ETHBTC Still has more to fall.Charts always tell a story. Not familiar with the fundamentals of ethereum at this moment but expecting another %30 correction from here before i long eth/btc.
BTCETH trade ideas
ETHBTC ForecastETHBTC looks like it is headed for 0.03094 - 0.032 level. Especially, if we confirm 0.043 as a resistance in the coming months and stay under it.
This is a monthly chart so it will take many months to complete this move. In my view this could happen in one of two ways. The first scenario is that BTC will start the parabolic move and leave behind ETH which is my base scenario in the next 6 months. The second scenarios is that ETH will continue to bleed down and BTC will stay rangebound or slowly rise in the coming months.
Here is my plan:
I will be accumulating ETH if it quickly visits the 0.030-0.032 ETHBTC levels. That is when I will be looking for ETH bottoming and turning. If we bounce from the 0.043 level and confirm with volume as support, then I will be looking to buy any breakout patterns in this long timeframe.
This is not a financial advice and DYOR
ETH Update An Update on ETH/BTC Trend Chart
Ai :
As of October 2023, we’ve seen some notable developments in the ETH/BTC trend chart that could impact market strategies and investment decisions. Here’s a concise update to keep you informed:
Current Market Overview:
The ETH/BTC pair has exhibited a mix of volatility and stability over the past few weeks. Here are some key observations:
Recent Price Movements:
Ethereum (ETH) has shown resilience, pulling the ETH/BTC ratio higher amidst increased interest in decentralized finance (DeFi) projects and NFTs.
Bitcoin (BTC) remains strong but shows signs of slight consolidation after its recent rally.
Support and Resistance Levels:
The current support level is around 0.065 BTC, while resistance is observed at 0.075 BTC. Chart analysis indicates that if ETH can maintain its momentum, it may break through this resistance, further strengthening its position against BTC.
Market Sentiment:
Sentiment around ETH is cautiously optimistic, driven by ongoing developments in the Ethereum network, including the advancement of Layer 2 solutions and potential future upgrades like Ethereum 2.0.
Meanwhile, Bitcoin continues to garner institutional interest, which adds a layer of complexity to the ETH/BTC dynamics.
Technical Analysis:
Moving Averages: The 50-day moving average hints at a bullish crossover, suggesting a possible upward trend for ETH relative to BTC.
Relative Strength Index (RSI): Currently sitting at 60, indicating that ETH is neither overbought nor oversold, leaving room for further growth.
September bullish for ethPersonal chart dont feeling to explain. But you can see the divergence and MACD closing.
ETHBTC Analysis🚨📉 Analysis ETH/BTC:
1️⃣ Demand MIA: No demand in #Ethereum at the moment.
2️⃣ Supply in Charge: Sellers are firmly in control.
3️⃣ Heads Up: If the price doesn’t bounce soon from last month’s lows, a bigger drop in BINANCE:ETHBTC could be on the horizon.
For now, I’m staying on the sidelines and looking for shorts in the short term. ⚠️
ETH Eth/btc & ETH.D all in one video importance of 50MAnot financial advice.
i broke down the eth usd chart followed by the eth?btc and and the eth.d charts to give an overalll view of whats going on and what to anticipate as we move forward.
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart;
On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range.
It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above.
It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal.
The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up.
The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression.
Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
BTCETH SELL SIGNAL TRIANGLE PATTERN Here on BTCETH the price has formed triangle around level of 23.5422 and if the price break below there is high chance of moving down and targeting profit should be around level of 21.5762 .Use money management
ETH looking attractive again for DCAing (vs. BTC)Some of the higher buy orders within the green range triggered.
FG{50/15} showing bullish divergence on the weekly chart.
Good time to continue to very slowly DCA into ETH from BTC again within the golden pocket as defined (i.e. btwn the 61.8-65.0% Fib lvl), and setting more bigger buy orders within the green zone below -- these on the present backdrop of extremely negative and fearful sentiments on ETH and its future being spread around.
See also:
ETH is dead scenario.The path to ETH death.
ETH broke every possible wedge in the last few months.
It just broke resistance line. Heading to 0.363 and possibly lower from there after a small dead cat bounce.
Not financial advise lol
BTCETH DOUBLE TOP SELL SIGNALHere on btceth price has formed double top around area of 22.9909 and now falling so there is high chance of moving down very big so going for SHORT is needed and targeting profit should be around level of 22.5418 and 22.2044 . Use money management
ETH/BTC This is just an example of technical analysisIf helps you, please like and share.
#price_action #trend_hunter BINANCE:ETHBTC
ETHBTC - 1DThe Ethereum-Bitcoin currency pair is seen in a re-accumulation position based on the Wyckoff pattern. Expect a good growth in Ethereum.
ETHBTC Long Position Hi traders,
As we can see on the chart there is a formation of falling wedge, starting from middle of August 2024.
We expect the price to break out in the following days.
Enter long position, once the price break out of the pattern.
Potential targets are also shown on the chart.
The stop loss is placed below the back of the wedge.
Good luck
#BTC/ETH#BTC
#BITCOIN
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel
The price is now $22.40, which is the entry price
Targeting the $21.50 area, which is the lower limit of the channel
There is a strong resistance point at the upper limit of the channel that supports the decline
We have a trend-hop on the RSI indicator, but more declines are expected on it
Ethereum bottomed?It appears that Ethereum's relative underperformance is about to end...
The BITSTAMP:ETHBTC ratio is flashing a daily trend reversal signal, which could precede a series of continuation signals in the same general direction, which could imply the start of a recovery in altcoins vs Bitcoin.
Overall, the risk is 4.11% from here, to swap some Bitcoin for Ethereum, as the signal is invalidated below 0.042 ( 42! ).
I anticipate a turn around as ETHE outflows are dealt with and inflows into the new Ethereum ETFs start making a difference as more and more Wall St banks start pitching ETFs to wealthy clients following Morgan Stanley's financial advisors'.
Best of luck!
Cheers,
Ivan Labrie.
Potential ETH/BTC BottomYou can see the trendline on the chart, which has worked out many times, I think that ETH has one last capitulation left to go before the uptrend. We need to get to 60% dominance before ETH starts to rise to BTC.
ETHBTC has bottomed Of personal belief that ETHBTC has finally bottomed out and will outperform BTC for a while moving forward. ETH proxies like ETH based memes will benefit even more.
Bullish Divergence on Weekly and 2Week Chart
Golden Pocket Support.
Sentiment in the toilet..
Time to reverse trend :)
ETHBTC decline acceleratingIf the price falls out of the channel, then the next real stop is around 0,023.
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models.
AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇
On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow).
In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇
In the yellow model - level 4 point (0.05216) and level 0.044👇
In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇
Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts.
Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇
ETHBTC trade opportunityETHBTC has broken down from a mega bullish pennant structure, warranting cautious trading. Within this structure, a potential descending channel is forming, with price adhering to it in a corrective movement.
An accumulation zone has been identified on the chart, presenting a potentially optimal area for loading Ethereum. This view is primarily for holders, with a specific target marked on the chart.
Note that the descending channel could offer opportunities for strategic entries. However, always manage risk appropriately given the current market conditions.
Share your thoughts on this analysis in the comments. Your feedback is valuable
