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Bitcoin vs Ethereum

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BTCETH trade ideas

$ETHBTC: Long term buy zone and monthly trendsEthereum vs Bitcoin has entered a yearly scale buy zone for a while now, there is also a quarterly range expansion bar buy zone to enter longs on retrace that is active around these parts... These levels give actionable support areas to consider for potential reversals of the trend, together with low volume gaps in the volume distribution for the uptrend leg which I plotted in light green. Time@Mode trend has been down in monthly scale for a while now, as I reported in my publication in related ideas, but it will eventually mean revert and reverse the recent decline in my opinion, given long term prospects for Ethereum being solid with the adoption of Eigenlayer and growth in the staking and DeFi markets that will come with it, as well as the prospect of an upcoming ETF for Ether, likely being approved by May or June. There is one 13 months down trend that expires by the end of March and aims for 0.04171, and another signal that popped later on, which predicts a 14 month decline starting from June 2023, and extending until July 2024, with a target @ 0.03976 BTC per ETH. Once these signals pan out, we can expect a mean reversion or reversal leg which will cause a move back to the start of the declines (circa 0.069-0.0720 at least, by March 2025, to August 2025, the latest...these moves could take less time to materialize as well, and lead to a full scale reversal and uptrend if Ethereum does outperform Bitcoin long term again. I'm not too sure of this, and rather expect mean reversion and volatile sideways action in the ratio. We will know more soon enough, but it is possible the ETF approval triggers the last part of this bearish forecast to materialize quickly before reversing over time. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
6
Eth taking the lead until atleast mar 3. Bitcoin and Ethereum are gearing up for a moon mission, with Ethereum playing the captain and outperforming everything else in the cosmic race. The game has changed big time for these two digital astronauts: Bitcoin's got its fancy ETF spacesuit on, and Ethereum's about to suit up in one too. Cryptocurrency is turning into the ultimate inflation-fighting superhero, yet no one's spilling the tea on how it's giving the USD a run for its money. It's like we're all at a party celebrating the future of money, but still, insisting on paying the DJ with old-school cash. On my chart, you can see ETHBTC just humped above the 200sma. Rumor has it the ETF will actually pass mar. 3, and it could play out like a typical sell the news scenario. You better betcha I'll be buying the dip.
Long
by Zephyr7777
✴️ Ethereum [NYA]In this long-term chart Ethereum is trading above the 0.382 Fib. retracement support level. This is a very strong and important level technically speaking because it relates to the entire action from September 2019 to present time. If this level holds, this is obviously bullish. If it fails, the bears get the upper hand. Now, what do I see? Seeing that lower highs have been popping up since December 2021, it is likely that this pair wants to go lower, this is just the bias based on this simple fact. MA200 is trending up, strong. This indicator works like a magnet and it can pull the price of a pair toward it. Now, if support holds, the bulls can win but, it is likely that we will see a test of MA200 or 0.5 Fib. This level here sits around 0.0522. This is a long-term chart. The MACD is trading below zero (bearish) and the RSI below 50 with a downward curve. Namaste.
Short
by MasterAnanda
2
ETH/BTC Market Observation and ProjectionsETH/BTC chart indicates that we have some more ways to the downside in ETH BTC valuation. I will be accumulating under 0.045 level. We have a blood diamond on the weekly chart. If history repeat itself, it should take us down to the golden pocket zone below 0.045 level before gaining enough strength to go higher. This aligns with the BTC.D action in the near term as well. At CWL we like confluences that give us an idea around the ETH movement expectations. Not a financial advice. DYOR.
by CryptoBreakers