BTCETH trade ideas
ETHBTC - Broken Above Symetrical Triangle!We've got a significant break upward with ETHBTC at the moment - breaking out of this symetrical triangle it's been trading within for the last few months. With a Long signal from Crypto Tipster v2 last night we're already seeing gains of a few % in just a few hours!
Get your SL in at just under the most recent tradinf range, around 0.071 and watch this rise up to meet the most recent swing high, grabbing around 8 or 9% profit.
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✳️ Ethereum vs Bitcoin UpdateThe last time we looked at this chart was on the 24th of November 2022... You can see it below:
Let's keep it simple.
Here we have very strong growth potential.
Really strong as ETHBTC is trading above MA200.
If EMA50 gauges the mid-term, MA200 is for the long-term.
After many months of consolidation above this level, expect a strong rise to take place.
Namaste.
ETHBTCHello dear friends
In the four-hour time frame, positive RSI divergence is associated with butterfly and bat harmonic patterns.
Considering that the support range of $0.06552 has been maintained in the previous correction process, the possibility of seeing the lower areas is currently weak.
As long as the range of $0.070026 is maintained, we expect the formation of an increasing trend similar to the drawn scenario.
We would be happy to hear your comments
$ETHBTC - EXPECTED A BREAKDOWN...$ETHBTC - EXPECTED A BREAKDOWN...
Is the market TURNING?
Let us zoom in on eth/btc ration.
It is still a range, but instead of a breakdown of the pennant, we broke up with $DXY turning down.
Is a bull-market closer than we expect?
Let me know if you are owning any #Ethereum.
👇🏼
$ETH BullMarket has BEGUN!Just like 2019 Ethereum started the Bullmarket ahead of bitcoin.
Today for the 1st time in over 1 year Ethereum passes all rules in the 2 day candle bull system.
Price above 20 MA and 10 EMA has crossed 20 EMA (so thats both)
StochRSI and MACD bullish momentum and much to grow.
Lets hope these are not fake outs!
The next week is telling
happy new year!
ETHBTC, breakout IMMINENT! 📢📢ETHBTC has been relatively strong during this bear market. This is one of the first times an altcoin has held up so well against BTC during a downturn.
Fundamental analysis:
ETH has indeed changed a lot since the 2018 bear market.
Thanks to the NFTs and DEFI which only exist (really) since this bull market, ETH now has a lot of value capture compared to before.
The maj of The Merge also helps in the stability of the ETHBTC price, the issuance of tokens has been reduced by 99.6%. This corresponds to a decrease in selling pressure from mining by the same percentage. This is a huge change compared to previous years. We can also talk about the fact that ETH in circulation can now be staked for about 5% annual return.
It should be noted however that an additional selling pressure may occur during the implementation and activation of the withdrawal of staked ETH (date TBD, could take several months or years). Indeed, the ETH put in stacking cannot be withdrawn for the moment and thus leave the market temporarily.
Furthermore, the number of staked ETH on LIDO (biggest staking protocol) is constantly growing with a 5% increase month to month.
Technical analysis:
Nice weekly consolidation triangle. We are currently in a no trade zone, I think an upward resolution is more likely but I will not take a trade because in reality it is more like 50/50. Watch out for a break, then it will be time to take positions. I have highlighted the important technical areas. I'll do an update on a breakout.
See you guys, and don't hesitate to smash that 👍👍, it motivates me :)
#ETH Bulls up 40% from June Lows, ETHBTC in a Bull FlagPast Performance of ETHBTC
Ethereum is technically bullish versus BTC, especially if the price action of H2 2022 leads. Presently, Bitcoin prices appear firm but inside a descending wedge, that is, a bull flag. The primary support is at 0.070 BTC, while the resistance is 0.075 BTC.
#ETHBTC Technical Analysis
ETH buyers are in control, per the formation in the daily chart. Despite the series of lower lows, especially in the late Q3 and mainly Q4 2022, the uptrend is firm. To illustrate, ETH is up 40 percent from June 2022 lows. Furthermore, ETH bulls have support at around the 38.2 percent Fibonacci retracement levels meaning the upside momentum is still strong. However, from the current formation, traders can wait for a clean breakout before committing. Gains above 0.073 BTC, reversing losses of December 16, above the bull flag, may see ETH float higher, towards 0.075 BTC and 0.078 BTC, respectively.
What to Expect from #ETHBTC?
Prices are in range, trading inside a bull flag. Overall, buyers are in charge, but there must be a breakout for trend confirmation. Any surge above 0.075 BTC may drive more demand for ETH, pumping it to Q3 2022 highs.
Resistance level to watch out for: 0.075 BTC
Support level to watch out for: 0.070 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETHBTCDisclaimer
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