ETHBTC Breakout Pattern A breakout pattern on the Weekly timeframe for ETHBTC
The higher low is present, which a pattern evident of support and breakout
The down dotted line is already starting to break with the most recent Weekly candle
BTCETH trade ideas
ETH beginning to show potentialCurrently we are seing BTC dominance fall to a neutral trend territory:
What does this mean for alts?
When the market goes up and BTC dominance begins to weaken, that is often a sign that alts will begin to outperform for a period.
We could see alt dominance bounce up to 11% before we see a recession and everything goes down again (maybe)
Outlook on ETH
I see ETH hitting the target (2492) if we don't see a major weakness in the market caused by external factors
Could #Litecoin 3.4X versus #ETHEREUM holy smokes!!!I highlighted a inverse head and shoulders to kick off the #litecoin's halvening bull run
It has in my opinion now broken to upside --- woo hoo
but digging into some croos coin analysis against #ETH
found some stunning potential of upside against the number two coin
3.4X on the table
0.05 LTC/ETH to 0.16 LTC/ETH
this hugely significant as we know ethereum should outperform #Bitcoin
All this leads to a very powerful #altseason in the works!
ETH VS ADAInteresting price action here, ADA looking bullish against ETH. If we see a breakdown from the ascending wedge pattern.
Worth keeping an eye on this pattern. Look for weekly confirmation!
#Ethereum Recovers versus Bitcoin, Next Stop at 0.072 BTC?Past performance of ETHBTC
Ethereum bulls are in control as the coin tears to register new highs versus the greenback. Meanwhile, the coin reverses losses against BTC, looking at the formation in the daily chart. Overall, for now, the path of least resistance is northwards, and aggressive traders may look to align themselves with gains of April 11 and 12. Those two bars had high rising volumes and found critical support at 0.062 BTC, marking March 2023 lows. If buyers build on from here, ETH may rally to Jan and February 2023 lows in a refreshing retest.
#ETHBTC Technical Analysis
Buyers are upbeat, and ETH buyers are in control. The double bar formation of April 12 was capped with rising volumes on April 12. Subsequent gains on April 13 completed the follow-through, suggesting that the reversal is well-anchored. Therefore, per the current formation, any dip above 0.062 BTC may allow bulls to load on dips targeting 0.072 BTC or more if ETH bull bars are with expanding volumes.
What to Expect from #ETHBTC?
After weeks of lower lows that saw ETH lose roughly 20% versus ETH from January peaks, the trend is reversing. Buyers are now in the driving seat. Every contraction above 0.062BTC may offer entries for optimistic traders angling for March 2023 highs or better.
Resistance level to watch out for: 0.072 BTC
Support level to watch out for: 0.062BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETHBTC can only see greenI think CRYPTOCAP:ETH is very bullish right now and bitcoin is strong but slow, i think the adoption cycle will be faster for eth and the price will form a v top with a new price discovery ATH.
I think that the bottom is in on that graph: www.blockchaincenter.net and will go for the altcoin season, so now is a good time to buy.
this is just an idea, not financial advice.
Do your own research,
ETH will lose against BTCSince the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios:
— ETHBTC will retest the rage lows at 0.056
— If this level does not hold, we could see a retest of the 0.03 area. This will probably match with the theory of a three digit ETH (look at link to related ideas).
Cheers and good trading!
#ETH/BTC priceI made a mistake. The bulls have to take the initiative, either we get a buy reaction now or continue the short-term decline.
BTCETH pairHere BTC is stronger as compare to Eth
traders are selling Eth for BTC which is causing ETH to dump and BTC to pump...and if Eth dumps then altcoins will follow Eth
ETHBTC 2023 Weekly AnalysisA weekly panorama of ETHBTC. Looking good in the long term. As of now, Ethereum is slowly outperforming BTC but we are not quite there yet.
The ETHBTC trading pair is often used by cryptocurrency traders and analysts to determine the beginning of an "alt season." An alt season refers to a period when alternative cryptocurrencies, or "altcoins," outperform Bitcoin in terms of price gains.
The reason why the ETHBTC trading pair is used to determine alt seasons is because Ethereum is considered a key indicator of the health of the altcoin market. This is because Ethereum is the most popular platform for creating decentralized applications (dApps) and smart contracts, and many altcoins are built on the Ethereum blockchain.
When the ETHBTC ratio is increasing, it means that Ethereum is outperforming Bitcoin, which can be a sign that altcoins are gaining momentum. This is because as Ethereum gains value, it attracts more attention and investment from traders and investors, which can spill over into the wider altcoin market.
Conversely, when the ETHBTC ratio is decreasing, it can be a sign that the altcoin market is losing momentum and that investors are flocking back to Bitcoin, which is seen as a safer and more stable investment.
In summary, the ETHBTC trading pair is used to determine alt seasons because it reflects the relative performance of Ethereum and Bitcoin, and Ethereum is considered a key indicator of the health of the altcoin market. When Ethereum is outperforming Bitcoin, it can be a sign that the altcoin market is gaining momentum, while when Ethereum is underperforming Bitcoin, it can be a sign that the altcoin market is losing steam.
ETHBTC About to bottom and Ethereum to outperform?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 identifying key Support and Resistance levels within this two year horizon very effectively. The question is, do we have one last Lower Low on the 1D RSI trend-line before ETH starts outperforming BTC again?
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
#Ethereum Adds 10% versus Bitcoin as Traders Target 0.072 BTCPast Performance of ETHBTC
After underperforming Bitcoin throughout Q1 2023, dropping roughly 20% in three months, the tide is beginning to change. ETH buyers are in control when writing, checking the performance in the daily chart. As it is, ETH is up 10% from March lows. At this pace, and with ETH prices breaking out versus Bitcoin, traders can look to add to their longs, riding the emerging trend.
#ETHBTC Technical Analysis
The path of least resistance is northwards as Ethereum recovers after sharp losses in Q1 2023. Critical support lies at March lows at 0.062BTC while a reaction line traders should watch is 0.065 BTC. With prices above the middle BB, every dip is a loading opportunity, with targets set at mid-March 2023 high at around 0.072 BTC. Per the formation in the daily chart, traders can look to buy the dips as momentum picks up. Already, bull bars appear to band along the upper BB, a possible opportunity for bulls.
What to Expect from #ETHBTC?
The ETH rally is driven by fundamentals as network users look forward to Shanghai. At this pace, ETH may peel back losses posted versus BTC, retest March highs, and even push back to Q1 2023 highs and primary resistance at 0.077 BTC.
Resistance level to watch out for: 0.072 BTC
Support level to watch out for: 0.065 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETHBTC Harmonic (Bearish AB=CD Pattern) 15MAfter making Higher Highs and Lows and applying Harmonic Bearish AB=CD Pattern, we are hoping for a Reversal because after completing its projection it enters in Potential Reversal Zone and for confirmation a clear divergence is noticeable. You can put Sell Stop at 0.067281, Stop Loss at 0.067965, and Target Profit at 0.066598
ETHUSDT SHORTETH in comparison to BTC is at resistance so if it rejected it could be a very strong signal to short every Altcoin
Big altcoin move incomingThe ETHBTC chart is very helpful for identifying when altcoins are about to have a strong move, the reason for that is because Ethereum tends to run the entire altcoin market. It isn't a perfect indicator, but in general if ETH is performing well, then so are many other altcoins.
ETHBTC is currently retesting a resistance line that it broke below. This is technically a bearish retest, but if ETHBTC can break higher, this could be the opportunity for much of the money in the market to flow into the altcoins. However, on the other hand, if this bearish retest is confirmed it could be very bad for the altcoin market.
This isn't something I would front-run a trade on, but gives us some insight that the next move in the market could be a large one. And it's always good to revisit BTC outlook to see how these may overlap. And in the chart below we can see BTC is still in the range that we have been watching for over a week now.
So the scenarios that could play out are the following:
ETHBTC bearishly retests and BTC breaks lower, altcoins will get crushed if this happens
ETHBTC bearishly retests and BTC breaks higher, altcoins will likely not trade very well. This is similar to some of the altcoin trading we've had in the last few weeks.
ETHBTC breaks higher and BTC breaks lower, altcoins could be difficult to trade in this scenario as well, likely a mix between some bleeding out, some moving higher, and some stationary.
ETHBTC breaks higher and BTC breaks higher, altcoins will see significant upside if this happens.
My motive in these scenarios as I've mentioned in recent posts, is just to remain on the sidelines. I only like to trade when there is a clear advantage on my side and I don't currently see it. So rather than betting on one side, I opt to just keep my capital safe.
Happy trading!
Ethereum is about to make it's move...GEMINI:ETHBTC
My prediction: Within the next 16 hours Ethereum is about to make a quick drop and a bounce to break the current resistance. What do you think? Check the comments for my price prediction for this next wave.
Inverted HS Pattern on Weekly?Possible inverted HS forming on the weekly Ethereum / BTC chart. Question is - are we forming the right shoulder now, or will we see a strong dip forming a more symmetrical right shoulder first?
Chart is marked Long, but could be a strong short down towards 0.02 btc prior to turning long. Need to see weekly break and hold above the neckline before actually positioning a long.
🔥 Become A Better Trader By Using The ETH/BTC ChartBitcoin and Ethereum are respectively the largest and second largest crypto by market cap. Officially, ETH can be seen as an altcoin, which has historically behaved differently from Bitcoin.
A rise in the ETH/BTC chart generally means that altcoins (=everything which is not BTC) is outperforming Bitcoin on average. The inverse is also true.
However, when we apply the RSI to the ETH/BTC chart we can generally pinpoint the moment of a 'change in market sentiment'. In other words, the market will become volatile after the ETH/BTC chart has become oversold or overbought.
During the bear market, an overbought ETH/BTC has nearly always been the signal for a coming dump. During the bull market, an oversold ETH/BTC has nearly always signaled an upcoming bullish move (scroll left on the chart).
As seen on the chart above, ETH/BTC was severely oversold two weeks ago. With nearly all on-chain metrics saying that the bottom is in, this oversold reading might signal that we're going to see a move up in the near future.
Enjoyed this analysis? Please drop a like and subscribing for future content 🙏
ETH/BTC Bear Flag Pattern Forming Attention traders,
I am sharing my analysis on ETH/BTC trading at 0.064 BTC. Based on the chart pattern, I have a bearish outlook on this pair.
Currently, a bearish flag is forming, and I am waiting for a breakdown for strong confirmations. The bear flag support is around 0.063 BTC, and the resistance level is at 0.066 BTC.
As per my chart analysis, I am expecting two targets:
Target 1: 0.0583 BTC
Target 2: 0.0532 BTC
This represents a potential 17% downside from the current trading level.
Please remember to place your stop loss as per your preferred risk-reward ratio. Stay vigilant and trade responsibly.
Disclaimer: This is my personal analysis and not financial advice. Always conduct your research before making any trading decisions.
Violent move ahead!I don't know exactly what the fundamental rationale will be, but if we break to the upside there will be a huge spike in the ETH/BTC ratio. Perhaps we will see BTC rise sharply first, and then ETH catch up. I would expect something like ~30,000 USD/ETH and ~200,000 USD/BTC.
Uncropped chart:
