ETHBTC trade ideas
Bitcoin Will Continue to Slap EthereumWave E should be much lower than wave C.
Also note the size of the red bars in the last period.
I think this fight could reverse around next October.
* The purpose of my graphic drawings is purely educational.
* What i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
ETHEREUM BOTTOM?ETH/BTC continues to be the punching bag of crypto – but the chart is finally showing signs of life.
We’ve got clear bullish divergence on the daily RSI. While price made a lower low, RSI made a higher low – hinting at momentum shifting beneath the surface. Volume also ticked up as ETH pushed higher, adding a bit of confirmation.
Zoom out, and it’s even more compelling: ETH is historically oversold on the weekly chart (not shown here). This signal has triggered some major reversals in the past. Yes, it’s failed before – especially on ETH – but this setup is one of the more reliable ones across markets.
I know I’m a glutton for punishment posting ETH charts while it’s still limping around the floor, but that’s usually where opportunity likes to hide. We found the bottom in the newsletter 9 days ago. Now we need follow through.
Ethereum Bitcoin pair bottom confirmed!As confirmed by CRYPTOCAP:ETH \ CRYPTOCAP:BTC momentum, we can say that a local bottom was seen at 2019 accumulation levels. With a major reversal from the current region, we can see major movements across Altcoins, with Ethereum being an undeniable leading force and leader for altcoins.
Ethereum Vs Bitcoin —Bare Minimum, 222.22% Profits Bullish WaveEthereum's current move vs Bitcoin —ETHBTC— is over-extended:
1) The drop has gone way beyond the 0.786 Fib. retracement level, almost reaching 1 (which means a 100% correction).
2) Trading volume is non-existent. Which means that this move is not supported by real people.
3) The RSI is oversold. Which means that the current action is very likely reaching its end.
4) Ethereum (ETHBTC) is trading at, and activated, the lowest prices since late 2019. The main support zone for this pair.
The current bearish move is over-extended and is showing many weaknesses, a trend reversal can happen any day. ETHBTC has been dropping since December 2021. A market can only take so much.
The minimum target for the reversal is the baseline level. Just as ETHBTC went down to test its 2019 support but with a higher low, as soon as this support zone is reached the reverse becomes true. Now ETHBTC needs to test its late 2023 early 2024 resistance zone. This level is likely to break and price reach higher but this is the bare minimum.
» The bare minimum is a nice 222.22% profits potential bullish wave.
Namaste.
eth-btc I've been studying the ETH/BTC chart using fractals, and I've noticed something interesting. The price is currently pausing at a strong order block and sitting right on an ascending channel.
What makes this even more compelling is that both the dates and fractal patterns are aligning, suggesting a potential repeat of past behavior.
Additionally, according to the Rainbow Chart, ETH is in the accumulation zone, which makes the case for the long-awaited altseason even more promising.
ETHEREUM BITCOIN (BEST-CASE)CRYPTOCAP:ETH is the main platform for thousands of apps and blockchains, all powered by the Ethereum protocol.
This vibrant ecosystem fuels innovation and a wide range of decentralized apps and services.
Free and global Ethereum accounts
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ETHBTC will supercede BTCs price growth % metrics. Time to SEED!ETH has been met with so much price gravity lately that it went to correct unbelievably from 4k+ to 1.5k.
Thats more than -3x of its peak price - an overextended trim compare to its peers like BTC which did a muted hibernation but still price remained afloat up there.
But hope is starting to arise from the latest price behavior. We are seeing some significant shift in trend. Net longs are starting to pile up from the current bargain price area -- conveying positioning of long term growth seekers. BTC is showing some massive break in structure as well showing some obvious signs of market recovery as a whole.
With this in mind, ETH metrics is becoming more and more attractive -- if we compare its possible price growth in terms of percentage and proportionality growth ratio.
ETHBTC will definitely benefit with this forthcoming growth ratio change.
Based on our diagram, we are already seeing some gradual shift -- a first sign of reversal to the upside. This can roll up soon and pace up its numbers.
Price is currently bouncing perfectly from its 6 year solid support. This is a massive hint already of things to come. GOOD THINGS.
Spotted at 0.0190
Target X10.
TAYOR. Trade safely.