BTC is King, more than everThis puny altcoins are breaking down against CRYPTOCAP:BTC
ETH is coming down since 2 years ago
Most Altcoins are bleeding against BTC
BTC dominance is going to 60%
ETHBTC.P trade ideas
$ETHBTC two year downtrend breakoutTo pair with the USD chart from earlier, which I'll link, BINANCE:ETHBTC finally appears ready to break out of the downward channel dating back to summer '22.
Successful retest of 3D RSI EQ, as well as the recovery of the pink zone.
This channel is a thing of beauty, but we shall not miss it. Bigger and better targets await.
ONWARD AND UPWARD.
Calling the ETHBTC bottomAs of writing this ETHBTC is trading at .4508
Current arena - Ethereum was once the future of finance, however other sybil friendly VC chains have front ran it on crypto's greatest value proposition of creating rug pulls with dogs on them.
Technicals - On a monthly timeframe ETHBTC has just completed it's first death cross . And has dumped front running this event.
Narratives - The new prominent narrative of "Liquidity will not find it's way out of the Bitcoin ETFs" convinces me this is the bottom. A rounded bottom or V shape is possible depending on narratives surrounding the ETFs.
ETH/BTC REVERSAL?Could we finally see a breakout of the downtrend channel now that ETHBTC has bounced off the range bottom?
Bullish scenario: If we see a breakout of the trend channel and new HH & HL then ETH could finally be ready to move up after the approval of the ETH ETF's.
Bearish scenario: If the range low is lost and price is excepted at those levels then the downtrend continues...
I do think the general market did not expect an ETF approval so soon and so the inflows we saw for BTC were just not ready to capitalise on the ETF.
Ethereum God candle coming 6/15/24Ethereum is looking extremely bullish. I am of the opinion now , and I have already swapped a huge clip of BTC into Eth. Also bought LDO and UNI yesterday at 10.5 and 2.
Ether is about to go fully mainstream. It will do things that Bitcoin could only dream of. Smart contracts, staking, metaverse, p2p, near instant finality. Unlike slow and old Bitcoin, which I think is going to be hard to knock off as king. But eth is going to come for top spot. I wouldnt bet on all the shitcoins too much. Just buy Ether. maybe a position in PEPE, some Uni and LDO/Chainlink. BUt heavy ETher.
NFA
ETHBTC: Reclaim 0.06 > range high > 0.10-0.12Now that ETH ETF's are confirmed and we could see first ETF's dropping as early as 2nd of july, we could (finally) see some uptrend with ETHBTC.
Lets reclaim that 0.06 first
then i*m pretty sure range highs comes next
after that 0.10-0.12 wouldn't be too crazy targets.
nfa
ETHBTC. Should we look for buying opportunities?On the weekly time frame (TF), there has been a sideways movement since May 2021. The seller's vector 11-12 interacted with the lower boundary of the range at 0.049081 several times. After the first interaction in January 2024, the buyer performed well with a single weekly candle (January 8th), forming a buyer's zone (blue rectangle on the chart). A similar situation is happening now, with the weekly candle on May 20th also showing a good spread and volume, creating another buyer's zone (blue rectangle on the chart, with the upper boundary at 0.05206). Since the seller's vector has reached all its targets within the range, the current buyer's vector is 12-13. The potential target is 0.085621 (~50%), and it seems reasonable to look for buying opportunities. However, the question remains whether the buyer's activity will develop further or if the price will update the local minimum again (0.04473).
It is reasonable to look for buying opportunities on the weekly time frame from the buyer's zone (upper edge – 0.05206), with the idea of realizing the buyer's vector 12-13. The first potential targets are 0.06117 and 0.06257, with an ambitious target of 0.085621.
Let's examine the lower time frames to determine where else it is reasonable to look for buying opportunities.
Daily Time Frame
On the daily time frame, there was a seller's trend. The last seller's impulse started from the level 0.05249 and ended at the level 0.04473. Then, there was a buyer's impulse, and now the price is above 0.05249, indicating that the seller's trend has stopped. The key candle of the buyer's impulse (the highest volume in the impulse, marked as "KC" on the chart) is at the end of the impulse.
Buying opportunities can be considered if the buyer defends the levels at 0.05332 (the key candle of the impulse) and 0.05249 (the price of the last seller's impulse started from), with the idea of initiating a long trend and breaking above 0.05744. It would be cool, during the seller's attack on the level 0.05249, the price moves into the buyer's zone on the weekly TF (0.05206 or below), and then the buyer brings the price back above 0.05249 and defends this level.
If the price falls below 0.05249 and the seller defends this level, it is likely that the price will move towards the local minimum (0.04473).
4-Hour Time Frame
The price has formed a sideways movement. The buyer's vector 6-7 has reached its targets. The current seller's vector 7-8 has a potential target of 0.05322 (see the 0.05322 level on the daily TF above). The lower boundary of the range is 0.0525, which coincides with the 0.05249 level on the daily TF.
It makes sense to look for buying opportunities on the 4-hour TF if the buyer defends the levels at 0.05322 or 0.0525, based on the idea of the buyer's vector 8-9 within the range.
Sales can also be considered from the seller's defense of the 0.05622 or 0.05744 levels, based on the idea of the realization of the 7-8 vector within the range.
Trade Signal for ETHBTC: Direction Buy**Trade Setup**
Direction: Buy
Enter Price: 0.05304
Take Profit: 0.05388
Stop Loss: 0.05219
**Analysis and Justification**
I have provided this forecast using the EASY Quantum Ai strategy, which incorporates advanced algorithms and quantitative analysis to identify optimal trading opportunities. The recommendation to buy ETHBTC at 0.05304 is based on the following factors:
1. Technical Indicators: EASY Quantum Ai detects a positive trend formation on the technical charts. Indicators such as the Relative Strength Index (RSI), Moving Averages (MA), and MACD suggest bullish momentum, indicating a high likelihood of upward price movement.
2. Market Sentiment: Sentiment analysis reveals that the market participants have a favorable outlook towards Ethereum in the BTC pairing. Increased trading volumes and positive news surrounding Ethereum developments further support a bullish bias.
3. Support and Resistance Levels: The entry price of 0.05304 is identified near a significant support level, presenting a low-risk entry point. The take profit level at 0.05388 is placed near a resistance zone where the price is expected to encounter selling pressure, making it a strategically sound exit point.
4. Risk Management: To mitigate potential losses, a stop loss is set at 0.05219. This ensures that the trade closes out if the market moves contrary to the predicted direction, protecting your capital.
**Conclusion**
This signal is generated with the expectation of ETHBTC moving upwards based on the rigorous analysis facilitated by the EASY Quantum Ai strategy. Ensure to monitor the trade progressively and adjust as needed based on market changes.
Target around 0.10-012 is an optimal target!Hi there!
BTC already was make new ATH but ETH still not! Chances to this happen now is so big so exchange some BTC to ETH now is not so bad choice.
Main target is touched, and we have a breakout from falling wedge pattern and price is at backtest level
Good luck traders and holders
ETH VS BTC. TIME to FLIP in ETHHello,
Strong bounce on the SUPPORT for ETH in 5D.
Retest probably for do a W (look lower TF).
ETH has lose 40% since the Top in 2021-2022.
If ETH lose 0.4908, we are going down hard.
0.618 is touch. Very strong bullish support to reversal.
Alts Pump so hard thanks to it.
Good LUCK
possible down target for ETHBTC dominance on 4H I think dominance short term in down side appear target fir fibo and there is fare value gab on the daily and weekly then it may CONTINUE to the up side
This can be a sign of a good ascension.ETH/BTC 1W
Pay attention to the positive divergence and Fibonacci 0.618 and the support line. This can be a sign of a good ascension.
Did I do the right analysis?
ETHBTC - Large W FormationPredicting ETH to outperform BTC in the current stage of the bull run as ETHBTC has hit a hard support and is looking to create this W formation
This will shake the market up
BULLISH
Bullish Ethereum - ETHBTC Has ETHBTC bounced off a lower curved trend line? Suggesting it has using this chart we can plot future values for ETH's value Vs BTCUSD
Incredible how much the value could change
Bullish
Strong Monthly Altseason Argument ETHBTCThe Gaussian Channel shows a bullish trend on this Monthly timeframe with a strong bounce off the middle line of the channel.
This as a point of reversal allows ETHUSD and other altcoins to out perform BTC on a Monthly scale.
I think BTC will Top very early compared to that of Ethereum and other altcoins.
ETHBTC - Bottom in?So far this chart has been doing exactly what we thought it would to ever since losing that 0.06 level in October.
Imo those impulsive green candles are candles to sell into. I would rather see a decent time capitulation after finding a bottom, followed by a slow and steady grind upwards.
I like trading this as a strategy that's delta neutral in the market. Buy BTC, sell ETH or vice versa.
So even though ETHUSD might go up, my base case is that ETHBTC will keep on bleeding for a while longer, and I'm assuming that it will keep on making lower highs each cycle against BTCUSD.
if we reclaim 0.06 from here, that would confirm a more bullish structure shift and first sign of strength on this pair.
$ETH weakens against $BTC for a whilein #ethbtc chart candle wick patterns, stoch RSI and Macd shows weakness. Downtrend against #btc may continue, but not against #usd or fiat. Not financial advice.
ETHBTC RSI has broken resistance on MonthlyIt's a clean break of the trendline in the RSI.
On the monthly and it's almost over so that candle will be final.
Bullish on Ethereum vs Bitcoin.
when to change btc to eth?According to the btc ceiling and floor and the eth/btc chart, it is possible to recognize the approximate time of the alt season.
Ethereum's Potential Surge: Bouncing Back from a 7-Year Support The recent weeks have been pivotal for Ethereum, the world's second-largest cryptocurrency. While its price faced some fluctuations, a crucial technical development suggests a potential for significant growth in the near future. Analysts are closely watching a technical indicator that hints at a bullish outlook for Ethereum in the coming months.
The Power of the 7-Year Support Line
The indicator in question is the ETH/BTC ratio, a metric that compares the performance of Ethereum relative to Bitcoin. This ratio recently bounced off a significant support trend line that has been in place for a staggering seven years. This trend line essentially represents a historical price barrier below which the ETH/BTC ratio hasn't fallen for an extended period.
Technical analysts view such bounces from long-term support lines as potentially bullish signals. The argument is that when prices find support at these historical levels, it often precedes a period of price appreciation. In simpler terms, the fact that the ETH/BTC ratio held above this key support line suggests a potential reversal of the recent downtrend and a possible upswing for Ethereum relative to Bitcoin.
Dissecting the Bullish Signal
There's more to the story than just the bounce itself. The specific candlestick pattern formed at the support line adds further weight to the bullish interpretation. This pattern, known as a "hammer," is characterized by a long lower wick and a relatively small body, indicating selling pressure that was ultimately overcome by buying pressure. In the context of the ETH/BTC ratio, this hammer suggests that while there were attempts to push the ratio lower, bulls stepped in and prevented a significant decline.
What Could This Mean for Ethereum Prices?
While the bounce from the support line and the hammer candlestick pattern are positive signs, it's important to manage expectations. Analysts aren't suggesting an immediate surge to $4,900, the number mentioned in some headlines.
However, the technical signals do hint at a potential for a sustained increase in the value of Ethereum relative to Bitcoin. This could translate to a notable rise in the USD price of Ethereum as well.
Factors to Consider Beyond Technicals
While technical analysis plays a role, it's not the sole factor influencing cryptocurrency prices. Here are some additional considerations:
• Overall market sentiment: A bullish trend in the broader cryptocurrency market would undoubtedly benefit Ethereum.
• Developments on the Ethereum network: Upcoming upgrades or positive news surrounding the Ethereum blockchain technology could further fuel its growth.
• Regulatory landscape: Regulatory clarity and adoption of Ethereum-based applications could attract more users and investors.
A Cautious Approach with a Hint of Optimism
The bounce from the 7-year support line offers a glimmer of optimism for Ethereum's future. However, investors should exercise caution and conduct their own research before making any investment decisions. The cryptocurrency market remains volatile, and unforeseen events can always impact prices.
Conclusion: A Potential Turning Point for Ethereum
The technical indicators surrounding the ETH/BTC ratio suggest a potential turning point for Ethereum. While the exact price trajectory remains uncertain, the bounce from the long-term support line and the bullish candlestick formation paint a hopeful picture for Ethereum's relative strength in the coming months. By staying informed about broader market trends, technological advancements, and regulatory developments, investors can make informed decisions about their Ethereum holdings.
EVERY Possible Scenario for ETH in 2024As we can all observe, ETH is doing pretty bad against BTC. And I mean neck-deep-up-sh*t-creek-with-its-mouth-wide-open kinda bad LOL.
People are starting to worry and get flashbacks of the December 2020 dip of ETH against BTC.
The current situation is the price retesting a historic golden FIBONACCI level (61.8%) that's about 3 years old. This level is crucial because it's formed by the last cycle's bull-run surge.
Let's explore the possible and impossible, or rather unlikely, scenarios.
FIRST SCENARIO: Ethereum ETFs get approved.
This obviously is what we all wish for, not only ETH investors and fans, but everyone who cares about the Alt-coins market. I expect a huge surge from our golden FIBO level if this scenario occurs.
SECOND SCENARIO: Ethereum ETFs get disapproved.
In this case, it would be reasonable for the price to decline and retest the bottom of an even more historic symmetrical triangle structure that's as old as ETH.
The price should bounce from there as Ethereum recovers from the bad news and retry surpassing the golden FIBO level.
THIRD SCENARIO: Ethereum is doomed.
This is a very unlikely scenario , but let's humor it anyway. What if ETH fails to retest the bottom of the symmetrical triangle structure that's been containing its price action since millennia?
Well, I don't expect this to happen unless ETH fails to recover from the bad news and turns out to be a huge SCAM coin. The biggest scam coin in the history of crypto.
Sorry if this was too intrusive and scary. I just think it's reasonable to always consider the worst as we consider the best outcome possible.
The GREAT news is all of the speculations are pointing to the approval of the Ethereum ETFs , I personally expect the approval next week, so I'm ruling out anything but the BEST possible scenario for ETH this cycle!
Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
🚨ALTSeason Alert🚨: Why It's Imminent ??The cryptocurrency market is buzzing with anticipation as many analysts and traders believe an altseason is on the horizon. Altseasons are periods in the market cycle when altcoins (alternative cryptocurrencies) outperform Bitcoin (BTC), the leading digital asset. Several factors suggest that an altseason could be imminent, and this article will explore these indicators and highlight promising altcoins to watch.
Altseason Index Signaling a Shift:
The Altseason Index, a metric that tracks the relative performance of altcoins against Bitcoin, currently indicates a Bitcoin dominance-led market. However, the index is approaching a critical inflection point where it could break below its trendline, signaling a potential altseason.
Bitcoin Dominance Poised for a Breakout:
Bitcoin's dominance, which represents its share of the total cryptocurrency market capitalization, has been trading within an ascending wedge pattern. This pattern suggests a potential breakout, with a downward move indicating a shift of power towards altcoins. A decline in dominance below 40% is often considered a hallmark of an altseason.
Bitcoin dominance chart showing an ascending wedge pattern
Ethereum (ETH) Gaining Strength:
The ETH/BTC price ratio, which measures the relative performance of Ethereum (ETH) against Bitcoin, has been on an upward trend. This trend suggests that ETH is gaining strength relative to BTC, potentially signaling a shift in market sentiment towards altcoins.
ETH/BTC price ratio chart showing an uptrend
WIF (WazirX India Token) Poised for a Breakout:
WIF, a cryptocurrency native to the WazirX exchange platform, has been forming a massive ascending triangle pattern on the daily timeframe. This pattern suggests a potential breakout towards $10, making WIF a promising altcoin to watch for the upcoming altseason.
WIF/USDT chart showing an ascending triangle pattern
Additional Factors Supporting an Altseason:
Increased Institutional Interest in Altcoins: Institutional investors are showing growing interest in altcoins, as evidenced by rising investment inflows and the launch of altcoin-focused products.
Strong Fundamentals of Many Altcoins: Numerous altcoins have strong underlying fundamentals, innovative use cases, and active developer communities, making them attractive investment opportunities.
Market Sentiment Favoring Riskier Assets: The overall market sentiment is shifting towards riskier assets, which could benefit altcoins as investors seek higher potential returns.
Conclusion:
While the exact timing of an altseason cannot be predicted with certainty, the confluence of several indicators suggests that it is imminent. Altcoins like WIF, with strong technical patterns and solid fundamentals, are poised to make significant gains during this altseason. However, it is crucial to exercise caution and conduct thorough research before investing in any cryptocurrency.
