BTCETH trade ideas
Something big is brewing with ETH?Ethereum has outperformed bitcoin in the bear market and has outperformed btc since 2020.
The price of eth-btc pair has gone sideways while bitcoin has seen a decline of over 70-75% in the last year or so.
So what is going on with ETH? On- chain statistics say a story that is quite remarkable.
A networks ability to survive does depend on its transactions , because if no one using a crypto currency for transactions - it will die.
While bitcoin's everyday transaction count on average has remained stable for over 4 years at an average of 250k transactions a day, Ethereum has continued to out perform bitcoin by 4x the number. Ethereum transaction count during the same period has sky rocketed from 300k transactions to averaging over 1.2 million transactions per day for the last 2 years. Ethereum use in every single crypto product out there speaks its own value. source : glassnode.
Thus my opinion despite the bad news is that Ethereum is not to be under-estimated.
Bitcoins current world Marketcap is 384 billion dollars.
Ethereum is valued at almost 167 billion dollars.
Ethereum is already half as valuable as bitcoin, But Ethereum is still a risky bet - It is CENTRALIZED - its product has depended on the leadership and skills of Vitalik since its inception. The SEC can declare ETHEREUM a SECURITY at any time - which makes it a risky bet still. If Ethereum is recognized as such it will create a host of problems for the entire crypto economy.
It remains to be seen what happens next - If ETHER is OFFICIALLY recognized as a security by the SEC we can forget the flippening ever happening.
Whether this sideways movement is DISTRIBUTION or further accumulation, only time will tell. I own some small amount of Ethereum in case it ever moons, but not too much to be up at night worrying about the price.
What are your thoughts? do you think Ethereum will flip bitcoin or will ether be recognized as a security which will doom a much broader crypto eco system?
D O S S idk, this volatility is nuts... how to pill off the market when you are the whale, but it's 3rd amendment? endure? evolve? both?
ETHBTC: Opportunities around the Triangle's pivot.ETHBTC is on a Triangle pattern holding for almost 5 months. The Pivot Zone around the 1D MA200 can be used as the target level for shorts near the top and longs near the bottom of the pattern.
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#ETHBTC - 10% Gain Likely, 25% Possible!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!
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What Do You Think?
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#Ethereum Swings Higher, Will Bulls Break Above The Bear Flag?Past Performance of ETHBTC
ETH buyers have the upper hand, per the price action in the daily chart. After gains of mid this week, bulls failed to push higher on March 2. Nonetheless, as long as the immediate support holds, buyers can extend recent gains, reversing losses posted in January.
#ETHBTC Technical Analysis
Technically, buyers are in control, at least per the performance in February. Resistance is at 0.072 BTC, while support is at around 0.068 BTC. Conservative traders can wait for a clear breakout before loading the dips, targeting 0.065 BTC if sellers take over, mirroring the trend back in January. In the short term, traders may look to buy the dip, scalping price action as long as prices are inside the bull bar of February 28. Every low above the middle BB and 0.069 BTC may offer entries for buyers angling for 0.072 BTC, or better, should bulls take control in the medium term.
What to Expect from #ETHBTC?
Ahead of a fundamental event in Ethereum, ETH bulls are gathering momentum, striving to reverse the losses of January. In the current consolidation and a possible bear flag, there must be sharp gains above February highs for confirmation of the uptrend. If not, there are high odds of BTC bulls taking over, resuming the downtrend.
Resistance level to watch out for: 0.072BTC
Support level to watch out for: 0.065 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETHBTC 1D Descending Triangle Until Feb '23ETHBTC appears to be caught in a mid-term descending triangle for the next couple of months. There'll be plenty of movements in and around this area, but we'd expect a net total of about -5% over the course of the next 2 months.
Crypto Tipster v2 is currently showing a Sell signal although the market has been a tad choppy recently, and with a potential squeeze on the cards you'd need to keep your eyes on this one.
ETHBTC - Falling Wedge within a Falling Wedge16hr chart UTC +1
Falling Wedge within a Falling Wedge . 1 to zero fib extension drawing levels of support and resistance . Clear breakout from smaller Falling Wedge . Tp (Take profit) zones included. Daily and weekly support levels included.
ETHUSDT / ETHBTC - BreakoutETH very conservative breakout. Key levels being very well respected. ETHUSDT breakout from downtrend channel, 0.382 bullish Fib, and above 2 weekly levels of resistance. ETHBTC broken out from major downtrend, trend line (blue), currently bouncing of a weekly!, and early breakout from a Falling Wedge. Trade as always with risk management. Technically, looking good for a breakout to the upside.
Ethbtc Forming Bullish Pennant Seems Like Getting Ready For Bullish Moves
Over All Forming Symmetrical In Daily Timeframe
Recently Falling Wedge Broken In H4 Timeframe
Expecting Test Of Upper Trend line Of Triangle If Trend line Got Cleared Too Expecting Another 35 -40% Bullish Move
In a bull case scenario will ETH outperform BTC?Spoiler: yes. ETH is continuously building strength (on every aspect: technology, adoption, sentiment and market related) and this bear market was quickly absorbed.
ETHRIUM has Enogh With DownTrendHere is My Study on ETH Against Btc.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency, Forex or Stocks. Please conduct your own research and consult with a financial advisor before making any investment decisions."
ETH/BTC - When to swap BTC for ETHTechnical analysis of the ETH/BTC pair shows it following a logarithmic path.
ETHBTC - Inverse Head and Shoulders Monthly Time FrameInverse Head and Shoulder pattern on monthly time frame with recent what seems a decent monthly support. Also Fib 0.382 from low to high - signalling possible Bull Flag.
#ETH/BTC Sell Trade Scenario.Hello, Traders I hope you are well and safe. Today am discussing #ETH/BTC For Short.
Here is a Full Analysis of #ETH/BTC When the price Touch Resistance Zone then there is a Nice opportunity for a Short.
If you have any queries then leave a comment.
Thank you Traders For your Support Like and Follow
ETHBTC Bullish Which Means Alts Will EXPLODE 👉 The ETHBTC Pair Sitting Above The Crucial Trend Line And My Expectation Is Bounce From This Level To The Higher Targets ,0.072 And 0.078 Are Next Levels I’m Looking As a Next Targets
📈 ETHBTC Is a Alts Temperature So Bullish #ETHBTC Means Alts Will Rise And Alts Season
#ETHBTC - A Small Short Trade Here, But What's Next?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 direction #ETHEREUM heads is up for debate!
What do you guys think?
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Crypto Tipster v2 by theCrypster
ETH is about to make a MOVE on BTCGuys, I discovered something pretty incredible with ETH/BTC. Weekly Hidden Bullish Stochrsi (rare). Inverse SHS within the handle. Right peak to neckline puts us in direct confluence with ATH from handle break. This means ETH is about to 🚀🚀🚀 in the coming days/weeks. So PREPARE! This will also complete the MACRO rounding bottom and allow for Ethereum's true Bull run to come to fruition as it catches up with BTC inevitably!
ETHBTC ResistanceI'm long ETHBTC but we potentially hit some resistance. Looking for an eventual break here.
ETHBTC - After Rejecting the Downside, We've got an Upside!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 indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days!
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ETHBTC not looking goodETHBTC possible pathway in upcoming weeks and months.Indeed there is nothing certain but this pathway is possible considering the weakness of ETHBTC with lower highs and standing in critical area close to the trend line which has acted as support during the Trend toward upside.A break to the downside can make Altcoin market to bleed heavily against bitcoin which corresponds to idea of bitcoin dominance increasing(in related ideas).RS regions are depicted on the chart.Red line is midline of the bigger range.blue lines are midlines of the midranges on either side of the bigger range.Lets see how its gonna play out…Always a student!
#ETH Bulls Firm, But Will ETHBTC Slow Down at 0.072BTC?Past Performance of ETHBTC
The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to trend, qualifying the recent bear breakout below the wedge as a bear trap.
#ETHBTC Technical Analysis
The bear bar of January 24 defines the current formation, placing BTC buyers in the picture. After a 5% gain in the past two weeks, ETH found resistance at 0.072 BTC. If the uptrend is to continue, reversing losses of January 24 and canceling out sellers of late January, the breakout back to the rising wedge ought to be with expanding volumes. Buyers would, should this happen, set sights on 0.078BTC or January highs. Conversely, confirmation of yesterday's losses may trigger more sell-off, triggering BTC demand. In that likelihood, bears may ride the emerging trend, targeting 0.065BTC and confirming sellers of January 24.
What to Expect from #ETHBTC?
At the present formation, sellers are in control in the short term, syncing with the bear candlestick of January 24. Conservative traders can wait for losses below 0.065BTC before adding to their shorts. Any surge above 0.072BTC will invalidate the bear breakout and likely form the base for a leg up to the January high.
Resistance level to watch out for: 0.072BTC
Support level to watch out for: 0.065BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
