BTCETH trade ideas
Ethereum has not done this since November 2017The above monthly chart makes for very disconcerting reading. Viewer discretion advised. Bulls looks away!
On the above monthly chart the ETH/BTC pair is shown. Stochastic RSI (purple circles) WILL cross down 40 with the close of this monthly candle unless something amazing happens. This cross down has not happened since the November 2017 top.
The last time Stochastic RSI crossed down it stayed below 40 for a little over 2 years. Were that to repeat we would not see positive price action until November 2024.
There’s something else, the rising trend support line. Price action has broken market structure, the upward slopping trend line is the first support, -40% below current price action. That would easily take dollar price action to $600-800 region if Bitcoin dollar price action remains in the general area it is in.
Lastly is the volume. Selling pressure is increasing. Look left, you cannot buy into a market hoping for rising price action when selling pressure increases. You must wait for those red candles to shrink in size and a green one to appear.
Is there a positive side? Maybe.. price action appears to be printing a large inverse head and shoulders pattern. If the uptrend support is confirmed, this could be wonderful. However I would not expect such a formation to complete until at least quarter 1 2023.
Ww
Wyckoff Distribution on ETHBTC 👀After the Ethereum merge the trading range has fully developed into distribution. RSI bearish divergence on the daily after completion of the UTAD Test (upthrust after distribution). Bleak outlook for ETH as it drops back into the TR
Ethereum versus bitcoinThis chart shows that the long term trend of Ethereum versus BTC is negative and has seen an absolute rejection off a long term trend today. The market clearly is as yet dubious about recent changes in the ETH fundamentals.
#Ethereum Bulls Roaring, ETH May Rally above 0.088 BTCPast Performance of ETHBTC
ETH prices are relatively firm versus BTC when writing, per the formation in the daily chart. Overall, buyers are in control, and the immediate trend is northwards. From the ETHBTC candlestick arrangement, the immediate support is 0.075 BTC coinciding with around April 2022 highs, a critical reaction level.
#ETHBTC Technical Analysis
After attempts of lower lows earlier this week, ETH bulls flew back on September 13, rejecting attempts to push prices even lower. From the daily chart, traders can find loading opportunities on every attempt lower as long as prices are held above 0.075BTC or this week's lows. The immediate target will be September highs at 0.085 BTC for aggressive ETH bulls. Meanwhile, traders waiting for a clear trend definition can wait for a clean break above 0.085 BTC, at the back of rising trading volumes, to initiate longs and ride the primary trend and the bull breakout of early August 2022. In this case, the first bull target will be 0.088 BTC or 2021 highs.
What to Expect from #ETHBTC?
Pumped by fundamental factors, Ethereum buyers are in control and would likely rally above 0.085 BTC and register new all-time highs. On the reverse side, deeper and unexpected retracements below 0.075 BTC will shift the momentum to bears.
Resistance level to watch out for: 0.085 BTC
Support level to watch out for: 0.075 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH The price has formed an ascending triangle. Possible bullish breakout of the pattern on the news about the approaching launch of PoS
ETHBTC Daily Time Frame analysisETHBTC has performed really well these past weeks, looking for a big short opportunity as we're gonna see massive volatility in ETH regarding to merge and its consequences. I'm not either short or long on ETH I'm just looking at charts that's all.
2022 SOL = 2017 ETH?2022 $SOL = 2017 $ETH ⁉️
2022-2023 #SOLBTC
vs
2016-2017 #ETHBTC
76-80% down move ~1 year in duration after huge advancement up, we all know what happened after that for ETH in 2017 - one of the largest parabolic advances known to mankind.
SOL is my #1 bag, ETH was my #1 bag in 2017.
I now use SOL 100x more often and frequently than I use ETH (I still hold a large amount of ETH, but much heavier SOL).
SOL metrics are blowing ETH out of the water - check transactions made, NFT's bought/sold, users.. the list goes on.
If we don't go extended bear here, SOL should be a big contender for a nice close to 2022 and into 2023.
#Solana #SOL #SOLSZN #NFTSZN
much love,
-@CryptoCurb
ETH/BTC Support & ResistancesDaily Technical Outlook with possible short term trading targets- 13.09.2022
⛔️Note: Please watch Pro-Technical video on Cryptosocy platform first
ETHBTC Bearish Cross on MACDThis is yet another chart on the 3D time-frame, which time after time has proved to be reliable in catching medium-term price trends. This time on the ETHBTC pair, the 3D MACD just formed a Bearish Cross. As you see, since the June 06 2021 candle (so more than a year), every such formation (with the exception of August 20 2021) was a sell signal. I have pointed out key Support zones with the first one being around 0.06500.
Since the pair has been on a Channel Up patten since mid August and the price is now too close to its bottom (Higher Lows trend-line), it is worth attempting a tight SL buy but reverse to a sell if the price breaks below the Channel. On the longer-term, the Bearish Cross effect will be invalidated if the pair breaks above its 0.088640 Resistance (previous market High).
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ETHBTC French for "Cooked?"ETHBTC looks like the worst chart in crypto.
With everything down 70-99% depending on your level of altcoin, this pair looks to be outperformed by btc.
Confluence:
3D Next high after bearish reversal zone
SFP close after deviation of range high
Tapped mitigation block
Daily Bearish RSI Divergence
Sell the news event after a fake pump into it.
Target the green 2.618 fib. Hope I'm wrong as I have eth but damn.
Bullish scenario, we hold green line and go for a new high. Unlikely imo but possible (5-10% chance).
ETH down as we are approaching to Merge⚠️⚠️⚠️ETH was outperforming BTC but is now showing signs of weakness, as we approach the merge phase. CPI will be announced tomorrow as well, so be careful...
ETH the daily 50 MA/EMA could be a good support before the PoS launch. If this support level does not hold, the price will fall to the level of 0.073.
$ETHBTC: Bullish in the weekly chartWeekly trend has now turned up in the $ETHBTC ratio, while the bearish trend in the daily failed to hit target and was completely erased. It seems buying into the merge event is driving the ratio higher here. I can see the 0.092 target zone being hit quickly here, while you may also qualify to receive some free coins if there is a fork (you can see how much it's worth using the $ETHWUSD or $ETHWBTC symbol from Bitfinex). Coincidentally, there's a bullish time@mode trend signal in the $ETHWUSD and $ETHWBTC charts that just flashed today, as this signal in $ETHBTC triggered in the weekly. Might be an interesting move.
Best of luck if buying.
Cheers,
Ivan Labrie.
ETH/BTC extremely bearishclosed weekly extremely bearish, back inside bracketing range. With what is coming ahead of us, i think more and more this plan is realistic. There will be a time to buy eth again, it is not now.
ETHBTC-SELL strategyThe overall view is we will move further south. We are breaking out of channel support right now and we are also in an ascending wedge formation, and likely breaking out of this as well. The key is 0.0780 area for now. RSI negative and so is MACD.
The direction is 0.0680 test for now.
$ETHBTC All-Time High incomingWith the Merge incoming,
Ethereum is getting closer to the ATH against Bitcoin ($ETHBTC)
ETH/BTCOn the weekly time frame, it has hit an important resistance and on the one day time frame, I am waiting for a confirmation for the position.
Bitcoin Vs Ethereum 2.0 ComparisonHey mates! Please be sure to advise which of these products you think will have the most alpha. If shared, please advise the timeframe you are thinking! (1year? 10years?)
It is the clash of the titans, and my last article that provided the hard #'s got a great deal of positive traction in the comments, but I did get some DM hate from some Bitcoin maxi's. Please let me know what you think I am missing in my comparison so the whole TradingView community can learn from your wealthy of knowledge.
Emotions aside, and Maxi agenda's muted - lets get logical.
Bitcoin:
#1 Myth B itcoin is protection against inflation
-->Worse inflation in decades & the price crashes
#2 Myth A supply cap in Bitcoin makes it scarce
--> **Bitcoin is itself inflationary for another 100 years**
#3 Myth Bitcoin is a store of wealth
--> Newly minted Bitcoins are continually sold to cover operating costs while going directly against ESG Goals (Constant Selling Pressure)
#4 Myth Bitcoin is safe
-->For $13 Billion Dollars a state sponsor can launch a 51% attack against it.
-->(A single aircraft carrier cost less than that)
-->A Quantum computer can hack any BTC wallet
**To fix Bitcoin (POS) it would take years & create yet another fork destroying its value**
A fork would have to be made, because the miners make a lot of money (Cost about $7k per token mined) dumping the coins onto the maxis. This is a constant selling pressure that prevents it from ever being a true store of value. The tokenomics are not entirely broken(unless you can not forgive all the coal burned in North Korea & China to mine BTC), but it is not going to be the best performer of all.
Ethereum:
#1 Benefit: (post-merge) Ethereum is POS
-->Staking encourages long-term passive yield (hodling for yield)
-->ESG Friendly, 99.5% more efficient than Bitcoin
#2 Benefit: Ethereum is deflationary
-->Every block will burn ETH, and rewards are slashed by 90%
-->Every Dex swap, NFT mint, transaction will lead to ever more scarcity
-->For the next 100 Years BTC will inflate supply while ETH deflates supply
-->Deflationary prices rise in BP*, Inflationary prices drop in BP
#3 Benefit: Ethereum is only improving while Bitcoin development continues to be stale
-->Eth has 220 core developers
-->Btc has 103 core developers
-->Thousands of additional projects are being built on-top of ETH (the next APPL/AMZN)
-->Transaction speeds and cost will improve with 'sharding'
#4 Benefit: It is MUCH safer than BTC
-->Slashing prevents validators from acting malicious
-->BTC is susceptible to 51% attacks
*buying power
SO WHAT DOES THIS MEAN TO ME?
I was screaming "back up the truck" when ETH dipped below $1k to long (I put 100% of my 401k into the product at that point, coupled with all my spot holdings being ETH)
Many ask if they missed the long? - I say this is only the genesis to generational wealth
I recommend joining me in being a validator. Get some passive yield in the most safe deflationary asset in crypto. Eth will fundamentally reward being a long-term investor which will be very attractive to institutions. This, coupled with ESG benefits and the fact ETH has actual utility will make this a product that a decade from now will be in many 401k products, for auto-biweekly deposits.
The miners have an agenda , when you hear 'oh its sooo green, volcano's power it' just know that a guy in Sweden handcranking a windmill to mine is hardly the norm. Coal burners powered it for years, and will continue to do so, and there is no amount of code that can fix this waste. Just because 20% is nuclear powered, does not mean that power could have been used elsewhere to drive down energy cost for others. People in Europe and France right now are about to get their largest energy bill in history this winter. Bitcoin POW is essentially broken long term, as they can not fix it to POS as it will hardfork again because the miners make a fortune dumping the newly minted (inflation) coins on new entrants creating a constant selling pressure. Bitcoin is a granddaddy relic. The myspace/AOL of crypto.
Please let me know what you think brother!
I am not a bitcoin hater, the price may rise, but I think the alpha is in ETH.
Bitcoin has been a huge blessing to me, but the people that purchased coins at $60k are not vibing with 'store-of-value' right now. The product is only worth what it is denominated in Fiat USD.
Why do people hate fiat? Inflation.
What is Bitcoin fundamentally for another 100 years? Supply Inflation
"But Zen! Your wrong! Because we know the max supply of coins the new minted coins are all priced in!!" - if this were the case the price would not be wildly volatile. Another Myth from the Peter Schiff of Bitcoin - that salesman Michael Saylor. ..or as he says 'missionary'.
It really has 'cult-like' vibes hearing that, be a critical thinker and consider generational wealth in ETH.
Interested in Learning More? Click on the chart below for an in-depth comparison:
ETHBTC- Ethereum Could be next to RiseWishes for a nice weekend to all.
Ethereum Merge / Countdown
4 days 18 hrs 23 mins
We have covered the upcoming merge for Ethereum on this post :https://www.tradingview.com/chart/ETHUSD/jgaIXsUs-ETHEREUM-The-Queen-s-HUGE-Crypto-move-the-Merge/
On this chart ETHBTC is clearly on support. I had told my close friends here that Bitcoin was better looking on Thursday and Ethereum could wait and this is what happened.
ETHBTC could rise 6 to 9% coming forward
At this stage: my focus is on Ethereum. Will post ethereum chart next.
One Love,
the FXPROFESSOR
ETHBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ETHBTC
There is R1 as the resistance area which includes the disability of the price to rise. S2 and S1 used to be resistance areas, as well. Presently, there is the fluctuation of price fluctuating below R1 and two scenarios are predicted for it. Either we receive some confirmation candles to rise and then the price rises to R1 or higher. Or the price loses the support here and it will face a decline toward S1 or lower than that. So make sure you have activated your stop-loss points in order to have more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ETHBTCMarket is all about probability and if you use the right tools you can achieve success here. . .
So in my point of vie... ETHBTC. . . Long.
Do you agree?
ETHBTC-SELL strategyWe are slowly climbing upwards within a well defined channel.
The RSI shows lower level with higher prices than before. This signal negative divergence and over time we should be declining.
Strategy is SELL @ 0.0840-0.0860 and take profit @ 1.0675 for now.
