The ETH/BTC Chart is VERY INTERESTING RN!The ETH/BTC Chart is VERY INTERESTING RN!
• 3-year long channel bottom zone
• weekly untapped supply zone
don't over complicate things 🤡
Good times to exchange some BTC for ETH.
ETHBTC.P trade ideas
ETH - long positionHello my fellow traders, ETH / BTC chart looks like we could see a reaction from ETH soon. Range low is approaching and I am looking to get in long position in green box. I will wait for a reaction. If price bounce from green area I will share also ETH / USDT chart, when I get in long position.
Good luck.
Altseason on the Horizon? 🌕Exciting times are upon us in the world of cryptocurrencies! Ethereum (ETH) has recently broken out of a significant triangle pattern, and there's a compelling possibility that a similar pattern may soon emerge in the ETH/BTC pair. This development could signify the beginning of a mini altseason – an exciting prospect for crypto investors. 🎉
ETH's Triumph:
Ethereum's breakout from a long-standing triangle pattern has sent ripples through the crypto market. It's a bullish move that indicates renewed interest in the second-largest cryptocurrency by market capitalization. 📈
The ETH/BTC Pair:
Now, let's turn our attention to the ETH/BTC trading pair. Historically, altcoins tend to flourish when they outperform Bitcoin. A breakout of a similar triangle pattern in this pair could potentially signal a shift in market dynamics. 🔄
Implications for Altseason:
Here's why this matters: if Ethereum, often seen as a bellwether for altcoins, starts to outperform Bitcoin, it could mark the beginning of a broader altseason. During an altseason, many alternative cryptocurrencies (altcoins) experience significant price surges, presenting intriguing opportunities for investors. 🚀
Trading Strategy:
Keep an Eye on ETH/BTC: Watch for signs of a breakout in the ETH/BTC pair. Look for increased trading volume and clear confirmation of an upward trend.
Diversify Your Portfolio: If altseason does materialize, consider diversifying your portfolio to include promising altcoins that align with your investment strategy.
Stay Informed: Keep abreast of market news and developments that could impact cryptocurrency prices.
Conclusion:
While crypto markets are inherently volatile, technical patterns and market dynamics can provide valuable insights. Ethereum's breakout from the triangle pattern and the potential ETH/BTC breakout are exciting indicators.
Remember, cryptocurrency investments carry risks, so always exercise caution and perform thorough research before making any decisions.
Could this be the start of an altseason that leads to new opportunities and gains? Stay tuned, and let's see where the crypto journey takes us! 🌟
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
ETHBTC VISION ELLIOTT WAVEHi everyone!
I want to share my vision on ETHBTC chart.
It can be doubts how to mark a global chart from the of Ethereum existance, but it is no doubts how to mark it from the middle of 2022.
Market made clear 5 impulse and I assume it as A wave
Then market was completing a complex correction as a wave B ( I can mark it either a descending triangle or WXYXZ ). AND I THINK IT HAD BEEN COMPLETED IN RECENT WEEKS
Now it is time for C wave that will consist its own 5 subwaves.
Upmove of ETHBTC will mean the power of ETH against BTC and hopefully the power of all Altcoin market.
Trade safe! Keep it simple and put your Risk Management first!
Sincerely
ETH/BTC - Flippening ... What Flippening ???My analysis of the ETHBTC chart suggests that there will be no Flippening, neither soon nor ever, an idea which I hope you will challenge with tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best.
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION, this is not a trade, per se, but the consummation of my understanding of the future of Ethereum as a "commodity".
Furthermore, I am preparing the charts of XRP/ETH and AMP/ETH as part of the complete analysis. Now that I have enough followers for live-streaming eligibility (many thanks!), I intend to do a recurring weekly show on prospecting within the cryptosphere, where those charts and others will be showcased regularly.
First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023.
Until then, be liquid !!!
ETHBTC 92123Still looking to pullback further to supports. If SUpports fail to hold it is going to get painful. This has been building for years. Bitcoin is King
WWCWalter white crypto today posted that eth will flip btc, is a signal of a price meltdown.com behind the corner
marketmanipulation crypto mmc
just w8 4 da news 4 what evah they make ;)
ETHBTC bear outlookETHBTC has gone sideways through support and is now dripping downward slowly. Odds are low that it will ever make a ATH, so look for decay over time.
ETHBTC ready to drop 10 %Hi Traders
Let's have a look at 1D chart of ETHBTC
ETHBTC is bearish.
The price can't break the downsloping resistance.
Currently at the temporary support. Once it breaks, we should see 10 % drop. It would make sense as BTC.D is bullish now so ETH and other altcoins should underperform Bitcoin.
Patience is a key
Good luck
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend.
Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend.
Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend.
In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
Falling WedgeFalling wedge usually break upwards. With few catalysts in future such as Futures ETF first deadline, and Dencun upgrade it is possible this to rip higher
Shorting ETHEtherium Dumpster Fire
ETH is captured and It's an unregistered security, not a commodity.
The Seasonality of Diminishing Returns"Ultrasound money" meme is just too good.
I do realize I am coming off as a mega bear.. but when you price stuff against the best performing asset of all time, you get charts that look like this.
Eth has had impressive returns no doubt.
And I even believe it has value as a protocol itself.
This is known and consensus now.
As a vehicle for obtaining massive amounts of btc?
No longer useful.
This is the game..
CountdownThe countdown is ready.
Get ready to start to buy.
But now, we have a time, a lot time. Keep patient.
ETHBTC updateUpdate on ETHBTC! Looks like its still dancing around the protected low area. Stay tuned for what's next!
ETHBTC on a cliff edgeWhen the red support has been lost in the past, it's led to a large drop in price relative to bitcoin.
Wycoff ETH Distribution -- Counter Narrative As the merge is coming near Eth is pumping as who doesnt love free money... but this is the time to be cautious as it is just matter of time that we see big dump in alts against btc.
ETHBTC ❗Caution❗One more for today will be ETHBTC chart.
The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation!
...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But...
We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably.
So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks.
Be aware. Envision.
👁️ A.I.Vision
