Altcoin massacre incomingHello, we can see tight bollingerbands on the eth/btc pair on the monthly(!) timeframe, which means that soon we will see ALOT of volatility going on.
As we are still in a bear market its not hard to tell in which direction.
Alts are trading as a segment, i expect other altcoins to heavily sell off soon too, not just eth.
Personally not planning to trading this, but putting it out there as a warning for what is to come in the next weeks.
It may go (way) lower then my green supp zone.
Be careful out there and do your own reasearch!
Dont invest more then you can afford to loose as the whole crypto ecosystem is a massive bubble. (which i expect to pop in the next months ahead)
ps: dont hold USDT!
BTCETH trade ideas
ETHBTC looking strongWhile ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.
So after all ETH is bullish, kind of... Crypto market is dumping, so obviously I'm not saying ETH is going to make some magic pump.
I only expect ETH to behave in a less bearish manner compared to BTC.
In my previous ideas I spotted a Cup&Handle formation with a H&S at the handle, which dumped PA to the support which then corrected with high amounts of volume.
It created this inverted H&S formation in the process :)
Confirmations already took place, so yeah ETH will be less bearish than BTC during this dump, and also probably be much more bullish after the bottom.
Expectations for alt season are rising.
ETH/BTC Technical Analysis ( Expecting -70% Down from here )#ETH/BTC Technical Analysis:-
#Ethereum currently trading at 0.075 BTC
This is -18% down from This bull run ATH
I am Expecting big Dump coming few weeks so Ready and Prepare for dump.
As my Knowledge ( not Chart ) I am expecting -70% Dump in coming few Months.
So Never Go All in any Altcoins now.
I am Now Talking about Altcoins in BTC Pairs.
My 3 Targets for ETH/BTC
Target 1:- 0.055 BTC
Target 2:- 0.037 BTC
Target 3:- 0.023 BTC
Hope You also Learn and Understand the chart.
Thank you.
Keep Support.
ETH collapsingBTC and the whole crypto market is dumping as predicted.
ETHBTC PA still behaving bearish even at support. What I mean by that is that I only see continuous creation of ascending trends with bearish break and retests.
I expect further downside with greater emphasis on ETH than BTC.
My previous Cup&Handle idea seems to have been already invalidated or on the verge of being invalidated, I don't trust that idea anymore.
We all have to wait for PA after the dump to analyse it and get some more insights, altseason will have to wait.
ETH short term bearish but long term bullishI have already posted ideas about the recent bearish action of ETH.
On a macroscopic scale though we can clearly see how a Cup&Handle formation is developing on ETHBTC, meaning I expect bullish action after the bear cycle dump... Altseason?
That remains to be seen, although my expectations are high, but for now bearish bias stands seeing how after the pump a H&S formation has developed, which as I already said in my last idea is still waiting for a definitive confirmation.
After that the game will change, I'm confident about it.
ETHBTC long term Cup & HandleIt looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.
BINANCE: ETH/USDT (Inv. H&S)As we see bitcoin has been supported by 19k and made a nice bounce to 21k. So far every thing looks good but there is a catch. Total market still reacts to bearish trendline while Total2 has already broken it. it just needs a HH to strengthen the idea of alt party. meanwhile ETH shows strength against bitcoin and formed an inverse head and shoulders pattern in W1 which gives hope to the other alts. as you see RSI bearish trend line broken and retested in W1 and gives bullish vibes too. Don't forget that Merge effect hasn't kicked in for some reason. Always DYOR before entering any position or trade.
🛒 Pair: ETH/BTC🛒
== SPOT==
⏰ 1401/08/09 ⏰
🕰 31/10/2022 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#96
🛒 Buy : 0.074 - 0.078 🛒
👉Sell Targets👈
🎯TP1: 0.082 🥉
🎯TP2: 0.086🥈
🎯TP3: 0.090 🥇
🎯TP4: 0.095 🚁
🎯TP5: 0.099 ✈️
🎯TP6: 0.109 🚀
⛔️ SL: 0.072 by closing D1 below