ETHBTC - 1DThe Ethereum-Bitcoin currency pair is seen in a re-accumulation position based on the Wyckoff pattern. Expect a good growth in Ethereum.
ETHBTC.P trade ideas
ETHBTC Long Position Hi traders,
As we can see on the chart there is a formation of falling wedge, starting from middle of August 2024.
We expect the price to break out in the following days.
Enter long position, once the price break out of the pattern.
Potential targets are also shown on the chart.
The stop loss is placed below the back of the wedge.
Good luck
#BTC/ETH#BTC
#BITCOIN
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel
The price is now $22.40, which is the entry price
Targeting the $21.50 area, which is the lower limit of the channel
There is a strong resistance point at the upper limit of the channel that supports the decline
We have a trend-hop on the RSI indicator, but more declines are expected on it
Ethereum bottomed?It appears that Ethereum's relative underperformance is about to end...
The BITSTAMP:ETHBTC ratio is flashing a daily trend reversal signal, which could precede a series of continuation signals in the same general direction, which could imply the start of a recovery in altcoins vs Bitcoin.
Overall, the risk is 4.11% from here, to swap some Bitcoin for Ethereum, as the signal is invalidated below 0.042 ( 42! ).
I anticipate a turn around as ETHE outflows are dealt with and inflows into the new Ethereum ETFs start making a difference as more and more Wall St banks start pitching ETFs to wealthy clients following Morgan Stanley's financial advisors'.
Best of luck!
Cheers,
Ivan Labrie.
Potential ETH/BTC BottomYou can see the trendline on the chart, which has worked out many times, I think that ETH has one last capitulation left to go before the uptrend. We need to get to 60% dominance before ETH starts to rise to BTC.
ETHBTC has bottomed Of personal belief that ETHBTC has finally bottomed out and will outperform BTC for a while moving forward. ETH proxies like ETH based memes will benefit even more.
Bullish Divergence on Weekly and 2Week Chart
Golden Pocket Support.
Sentiment in the toilet..
Time to reverse trend :)
ETHBTC decline acceleratingIf the price falls out of the channel, then the next real stop is around 0,023.
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models.
AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇
On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow).
In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇
In the yellow model - level 4 point (0.05216) and level 0.044👇
In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇
Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts.
Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇
ETHBTC trade opportunityETHBTC has broken down from a mega bullish pennant structure, warranting cautious trading. Within this structure, a potential descending channel is forming, with price adhering to it in a corrective movement.
An accumulation zone has been identified on the chart, presenting a potentially optimal area for loading Ethereum. This view is primarily for holders, with a specific target marked on the chart.
Note that the descending channel could offer opportunities for strategic entries. However, always manage risk appropriately given the current market conditions.
Share your thoughts on this analysis in the comments. Your feedback is valuable
ETH Will Surprise Many Of You📈 There Is a Clear Bull Flag Formed At The ETH/BTC Pair And We Had a Perfect Bounce From 1.272% PRZ ,Expect a Strong Bullish Move From Here Toward a 0.078 And 0.112 As a Next Main Targets
🔥 ETH Will Surprise Many Of You ,Don’t Miss It
ETHBTC Daily Updating old chartA drop1 concept , waiting top lvl of the channel plus Rh&s possible right side try to occur.BTC want to go lower.Possible ETHBTC rise.
ETH/BTC - Weekly Outlook (Updated)Here is a link to our previous chart:
It is amazing to see the accuracy of this chart. We are still in our white symmetrical triangle. This resistance has again caused the ETH/BTC pair to get rejected an additional 3 times leading to a breakdown. Once our support at 0.049 was broken it caused a collapse to test our lower white band of support.
Now that the resistance line has given us even more signals of the significance of that trendline, we can prepare for ETH's strength when that line is broken.
If ETHBTC hits my target. Selling all BTC for ETHIf ETHBTC goes down another 30-40%, I'm converting all my BTC to ETH.
It will go back to 0.08 or more so I'll have doubled my BTC.
ETH/BTC - BTC first, ETH next?BTC leads, the rest follows?
This is ETH against BTC, not USD!
So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough.
Going by this projection though and assuming at least a stable BTC at the current levels (midterm), that would put ETH significantly higher in USD value from the current price of 3.7k.
ETHBTC Shows Lower Degree Bullish Setup FormationWe talked about ETHBTC back on July 5th, where we mentioned and highlighted a completed higher degree corrective decline with strong support zone. Since then, we have seen some short-term slow down, which can be just a lower degree bullish setup formation.
ETHBTC looks to be finally ready for a bullish continuation within higher degree wave C/3 after we noticed an impulsive rally into wave A/1, followed by recent a-b-c corrective setback in B/2. With current sharp bounce, seems like wave B/2 is completed and wave C or 3 already in progress, especially if the price jumps back above 0.05150 region. Bullish ETHBTC pair also indicates that Ethereum could be doing better than Bitcoin in upcoming weeks. Can other ALTcoins too? Is it finally time for ALTseason?
Ethereum ETHBTCOn this chart I see only cycles, eventually we should arrive at the lower horizontal levels
+Wyckoff
Best regards EXCAVO
Ethereum will explode soonBy thoroughly examining more data, we found that Ethereum is located in a large triangle. This analysis was done with much more data.
The green range is where Ethereum's 7-year dominance triangle could end and witness heavy pumping of Ethereum and altcoins.
Our view on the dominance of Ethereum and alt-party is as you can see on the chart
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ethereum to shutdown in this bull market?In the “Alt-coin market preparing for a 10x move” idea (below) it was written:
“A word of warning. The uptrend will not be equal across all alt-tokens”
MATIC, ALGO, LTC to name a few.. as expected not all legacy projects are enjoying the multiple x gains so many in the space have seen.
Ethereum has currently printed a 78% return on the dollar pair since the statement above while others like Solana are up 1200%. In fact many tokens have printed a 10x return since that time. Despite all this the bullish outlook held by Ethereum fans is steadfast as it is loyal.
The bitcoin pair ratio of legacy projects, that includes Ethereum, is a significant reason for knowing why a group of tokens would fail to participate in the current bull market.
On the above monthly chart the Ethereum/Bitcoin (ETH.BTC) pair has confirmed failed support after seven years of uptrend. This is significant. The confirmation was made on the close of March with whole body monthly red candle printing outside the channel.
The bear flag that preceded this breakout forecasts a 80% correction in the ETH.BTC pair.
On the weekly ETH.btc pair (below) a weekly death cross is almost certain to print. Price action on this pair corrected 60% on the last cross in June 2019. You think this time is different?
Ww
Alt-coin market preparing for a 10x move
Weekly ETH.BTC Death cross
Trade of the YearThis is going to be the most profitable trade of the year sponsored by BlackRock.
The narrative and the technical aspects are all too obvious at this point.
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ETH/BTC potential breakdown!!! due to Monetary cyle This will be a technical but deep analysis.
Most "crypto influencers" have been trying to pump Altcoins since the end of 2023 when CME:BTC1! started to grow coming out from the lows of that period.
Calling out "the next altseason" almost every month, and failing every time.
The thing is that they are following the crypto cycle to the letter, analyzing what happened in previous Halving years and saying that we will have the same 2020 or 2016 in 2024.
The issue with this view is that they are not taking into account bigger things, yes people, there are other markets besides our king (and most of them bigger than the crypto market). They are forgetting the cycle that goes above all. MONETARY CYCLE.
The FED is still tightening the economy (QT) as they haven't dropped the interest from 5.5% (cyan line) and they are still reducing their balance sheet (purple line). This means one thing, the money printer is not doing BRRR.
This has a big effect on the economy and especially on risky assets like crypto because they are still speculative assets (The crypto community might not like this), and if Gold gets affected by this monetary policy (Bitcoin is currently valued at $1.4tr compared to gold's $16tr market cap), well Bitcoin is affected too.
We compare this situation to 2019, the same Monetary cycle (the FED started to cut rates and, by EOY, increased their balance sheet) and a similar macroeconomic paradigm (people worried about recession after a huge growth in the markets). See how the logical answer that year was "NO to risky assets", making the total Crypto market drop, but most importantly, making ETH and especially ALTS, drop even more, falling in value against the king.
So, what can happen to BITCOIN, ETH, and ALTS in an election year, QT (quantitative tightening) cycle, Recession risk going up, and geopolitical threats to the economy?
All of this while the halving year goes on? Well, that's the right question to ask.
I forecast an ETH short-term meltdown to the 0.3-0.4 valuation against BTC in August and September. ALTCOINS may drop even harder!
what can cause this you ask?... Failed ETF launch, Mount Gox news, strong Democrats candidate, I guess we'll soon know.
