ETHBTC trade ideas
ETHBTC - likely bounce in mid-2025ETHBTC still has a long way down to go.
For ETH holders, it's been agonizing seeing BTC effectively ~5x since the bottom at 15k, while ETH has only done a ~2x.
And even now, it seems like retail traders are trying to catch the bottom on ETH - this is reflected on the higher funding rates on ETH compared to BTC, and the LS ratio seen on Exocharts. This likely will result in ETH falling more, especially if BTC shows weakness.
If anyone remembers bitcoin cash, people tried to continuously long it despite BCHBTC weakness. We all know what happened to BCH - multi year bear market and continuous weakness, and now no one really trades it anymore.
The same thing will probably be true for ETHBTC.
Still have another 20-40% down to go, and people are continuously trying to long ETH despite the trend being down for ETHBTC for the past 3 years.
The real ETH 'bull run' will probably be in mid-2025 when everyone forgets about ETH.
ETHBTC Trade SignalDirection: Sell
Enter Price: 0.04129
Take Profit: 0.04097333
Stop Loss: 0.04174333
We have identified a potential selling opportunity for the ETHBTC pair. The following analysis is based on our proprietary strategy, EASY Quantum Ai , which leverages advanced algorithmic techniques to project market movements and identify profitable trading setups.
Reasons for the Sell Signal:
1. Trend Analysis: Recent price actions show a downward trend, as per our EASY Quantum Ai model, which detects consistent lower highs forming over the past trading sessions. This suggests increased bearish sentiment in the market.
2. Volume Patterns: There's a noticeable decrease in buying volume, indicating weakening momentum on the buying side, which strengthens the case for a potential price decline.
3. Resistance Level Confirmation: The Stop Loss level has been set at 0.04174333, a point just above a recently established resistance zone. Historically, such levels act as a strong barrier against upward price movement during downtrends.
4. Market Indicators: Our proprietary indicators, specifically designed to work with the EASY Quantum Ai strategy, signal an oversold condition may quickly revert, making it an ideal time to enter a short position.
Remember, trading involves risk. Ensure you adhere to your risk management strategies. Happy trading!
Etherum next move could be sooner than expectedETH/BTC 1day shows massive bullish divergence setting up for its next move with the rsi indicating BULL Same period ETH/Tether 1day indicates volatility incoming from the squeeze (brown oil mark) which can go either way but other confirmations weigh slightly bull bias If BTC ranges here we could see ETH make a move against BTC until BTC take another move higher We are waiting for further confirmation before aping into ETH longs against BTC but ETH has a confirmed reversal still valid We will be closely monitoring from here for entry longs
Deepest blue wave in ethbtc history (indicator)Last time I saw my indicator show “the deepest blue wave” on a high time frame was btc in 2023 around $17k
Ethbtc now showing this on monthly with indicator blue wave sweeping the lower bottom line.
Definitely a good risk to bid CRYPTOCAP:ETH now especially since Crypto twitter thinks it’s dead
ETH/BTC AnalysisETH/BTC is closing in on my final level of interest at 0.03646. After rejecting the June convergence at 0.05667, price has moved quickly down to key support levels. The next major convergence point aligns with March 2024 around 0.06, coinciding with the typical altcoin season that tends to start in Q4 of the third year in the cycle. Watching for a reaction at 0.03646 as we approach these pivotal cycle dynamics.
🚨 CRYPTO REVOLUTION: 0.5 BITCOIN FOR KEFIR 💊 PART 3📣 Hello everyone!
I believe that we are witnessing a global uptrend in the ETH/VTC trading pair and the value of Ether in relation to Bitcoin should grow over time.
In May 2017, the first wave of the cycle ended, then in September 2019, the correction in the wave of the II cycle ended, after which the long-term impulse wave of the III cycle started.
In the wave of the III cycle, an impulse wave has already passed at the primary level, and at the moment the market is busy forming a wave of correction of the primary level. I expect the correction to end at 0.037 minimum in July 2024, maximum in September 2025.
After the correction is completed, according to the logic I have built, a long-term uptrend should begin, the minimum goal of which will be 0.55 Ether per Bitcoin coin.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profit ✊
Goodbye!
ETHBTCIt's around 800 days since ETH is under pressure from BTC many people during these boring period bought and bought without any profit and the loss their Bitcoins.
what happen next ?
I believe we are in a last leg down weeks tolerate a bit more it would be surprising after all even for a short time pumping.
ETH / BTC Secondary trend. Descending channel. Wedge. 18 10 2024A local wedge-shaped formation has formed in the descending channel in this ETH/BTC trading pair. There is potential for a breakthrough and price growth, to the resistance of this descending channel. Perhaps after consolidation. If this happens, then most of the “long-suffering” altcoins will similarly go up in price, but with a larger %. The local alt season will begin.
This trading pair clearly shows how money flows from one high-cap asset to another. Shown on the chart. Look at the time and the Bitcoin to Dollar chart, at the time of the breakout of the symmetrical triangle of the distribution zone downwards (weakness of Ethereum relative to Bitcoin). Since then, Bitcoin has grown in price by almost +200%. While Ethereum relative to Bitcoin has weakened by as much as -50%.
Now there is a reverse flow of bitcoin into ether, and some alts, for about 1.5 months already. Then, the money will flow into a variety of alts, which will consequently be reflected in their prices a little later. Today is a significant date 18 10 2024. There are 18 days left until the US presidential election.
Remember, about this, where this zone is in the main trend.
gut instinctI am long both eth and btc.
based on pattern recognition, i feel that there will be a violent move down, that will eventually recover. (maybe to the 0.03s)
I believe eth / btc will recover, however i do not typically long eth and short bitcoin when I believe both markets go up in the next few months.
[ETH/BTC] Divergence at bottomBITFINEX:ETHBTC looks interesting. Big brother Bitcoin seems to overshadow Ethereum since forever as we can see the ratio keep getting lower and lower from time to time.
But something interesting seems to be happening at the moment as the price is making divergence setup with MACD still keep rising up to today. If this thing blow to the upside, then we might see a jump in ETH price, at least for the short term, in comparison with its big brother Bitcoin.
Cherio...
ETHBTCLong term trend line being revisited this week...
Haven't seen that for eth in a while
Is this the psychological low or is eth destined for obscurity diluted out by other layer one chains...
From the stats I've seen from eths l2chains the eth economy is well and truly active with scaling nearing completion
Solana is the nearest competitor by use but the chain has decentralization issues and therefore has shut down multiple times in the last few years for periods..
Ethereums security lies in being able to access the network at all times.. something no competitor has managed at scale as of yet
ETHBTC is close to a heavy bounce indicating an alt seasonETHBTC is close to a long term trendline and we can expect a hefty bounce which will trigger the alt season. HOWEVER, do not think this bounce will hold. ETH is weak, ETH has no future in my opinion and this is just a bounce.
Get ready to capitalise on it.