ETH/BTC Cup and HandleCup and Handle with the neckline around 0.065 once it flip this area i expect us to make a nice run up into the alts coin season.
will post more TA on
ETHBTC trade ideas
ETHBTC chart looking bullishETHBTC took out to high timeframe range low, broke market structure, and has now back tested the local POC/VAL and 0.786. ETH has gotten a nice reaction off this area which has led ETH to $2700. Now that BTC has broken 50k, and the halving in near, I hypothesize that the real FOMO is just about to begin. I expect ETH to start playing catch up to BTC as people FOMO into crypto again, and people begin speculating about an ETH ETF.
$ETHBTC, ETH outperforming BTC?This is just too wild to be possible, ETH could be in a triangle since 2017, and we could have a "superycle" like never before.
ETH broke dayGenerally, as I described earlier, we experienced a short-term rise in ETH/BTC. Now, we are witnessing a significant decline towards a strong level, while the price either remains stagnant or grows slightly. If there is a rebound from here, I might assume that Ethereum will soar, if not to the cosmos, then closer to the orbit of 2800-3500
ETH Heating Up?Boring, yes. Encouraging? Also yes. Why? Because we had RSI retest the blue descending resistance as support, which is something I have discussed a few times. There’s nothing to do here for me until ETH breaks out through descending resistance against Bitcoin - unless you caught the bullish divergence lower. That said, I am watching closely. This looks like it could be heading back for another test of resistance in the coming weeks.
ALT season ready?ETH/BTC bullish as i described in my chart. BTC may be in flat 40-45.5k, so i expect alt seasson and ETH at the new highs
Alt season???If you have a look at BINANCE:ETHBTC pair then you can clearly see that we are about to have a Golden Cross in rsi in Daily Tf..
If this happens then would fly soon...
What do you think about this scenario??
#ETHBTC UpdateSo far so good, the trade is in profit and out SL is at breakeven.
However,
Many people did not get first entry, is now a good time to add to longs? time will tell.
ETH/BTC broken above 200 SMA on the Daily.I had been slowly accumulating BTC into ETH while it remained in the yellow accumulation zone.
ETH/BTC has now broken above 200 SMA.
Bullish divergence on 21Dec'23, and have broken into the positive finally as well, since plunging below into the negative from 16Jun'23.
Ichimoku Cloud looking to turn bullish on the daily as well.
ETHBTC IdeaIndicator on chart shows previous highs and potential future reaches for ETHBTC
I expect ETHBTC to move in a curved channel that I have plotted in white.
Reversal of ETHBTC on this Weekly timeframe is possible.
A Turning Point For ETHBTCCurrently, the RSI has entered a zone that often signals a shift towards an upward trend. The downward trend is nearing its end, and I anticipate that Ethereum (ETH) will begin to perform better than Bitcoin (BTC), or at least, stop lagging behind it.
Chart Pattern Analysis Of ETH/BTC
K4 is breaking down the neck line of a potential double top bearish pattern.
The possibility of breaking down is relatively high here.
From K2 to K3, the supply pressure increased.
It is likely that K4 will accelerate to breaking down.
It means that it is not worth to hold more ETH than BTC temporarily.
If K4 failed to close below K3, and even break up K3,
I will try to hold more ETH than BTC.
2W ETH/BTCOh, I've known situations like this.
This is a 2W chart of ETH/BTC
What is notable here in terms of the Ichimoku method?
1. Candles have dropped out of the cloud.
2. Kijun-Sen crossed the Senkou Span A and B
3. Lagging Span crossed Senkou Span B, but immediately returned. However, the notch is there.
4. Tenkan-Sen is trending downward.
There are two major resistance levels here.
1. 0.5890 is the lower boundary of the cloud
2. Tenkan-Sen will meet the candle's pin at about 0.6151.
With this general structure, it is usually the resistance that will make the price fall further.
Let's pay attention to the weak volume of these last 2 candles.
Support at ~0.461
2W candle will close in 2.5 days.
ethbtc confirms correction on weekly trend a daily bullish pennant breaking to the down and stochastic confirms the bearish trend of #ethbtc key support for ethbtc 0.055, 0.050, 0.044
ETH vs BTC Technical analysisIs it better to hold Ethereum or Bitcoin? If you are interested in such question, you probably want to see the ETHBTC chart. My analysis is on the weekly chart. What we can see is that the ETHBTC formed a WXY Elliott Wave corrective pattern with a 1:1 FIB extension. If this pattern confirms, ETHBTC could reach a new high and pump massively. But the price is still below the main trendline and below the main horizontal line. I recommend waiting for these 2 lines to break to confirm the bullish bias. Otherwise on the weekly chart price makes lower lows and lower highs, which is a sign of a downtrend. Also, what we need to consider is this local expanding triangular formation. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
ETHEREUM CONTINUES TO BEAT BITCOINJust a quick reminder that, even as the market, correct, Ethereum continues to slowly rise against Bitcon.
I have high conviction that this is going to be the next solid trade and narrative and that Ethereum will rise.
Update ETHBTCThere is a clear positive divergence on the daily frame with a return to the previous bottom, so I expect a corrective rise to the shaded area above, which is a strong resistance area now, and then a decline again to break its last bottom. Let us see.
ETHBTC is about to make a historical moveAnything that follows is not to be taken as financial advice.
This is the Binance weekly chart for ETHBTC, with a single indicator loaded on: the Bollinger Bands Width Percentile.
The BBWP is a volatility indicator that measures whether or not we should be looking for the price action of the examined asset to contract or expand in relation to its own past volatility, calculated by the BBW.
Simply put, it tells us if we should be expecting the asset to be in a mostly sideways price action, or if it's appropriate to look for expansion.
Make no mistake, volatility is a direction-neutral indicator, meaning it's inherently neither bullish nor bearish.
We can see some flashing red and blue bars in the background, they're there to warn us about an extremely high (red) volatility environment, or an extremely low (blue) one.
Generally, when the asset is in an extremely high volatility environment, it's wise to expect it to cool off, therefore looking for price action to generally reduce its turbulent behavior.
This implies the exact opposite for when the volatility is extremely low.
With default settings, which I'm running, extremely high volatility is considered to be between 98% and 100%, while extremely low volatility is found between 0% and 2%.
Let's focus on the blue bars for this analysis.
Only once in the history of this chart, two weeks straight of extremely low volatility can be observed.
From there, the expansion led to an initial move up, and then ultimately a move down of -26.95% from the open of next week to the lowest point of the move.
Right now, ETHBTC is waiting for a massive expansion after twelve weeks straight of extremely low volatility.
If it was to expand to the downside from this point, a move of roughly the same impact would see this asset retest the june 2022 low.
However, spending more time contracting, usually means having a more explosive move when the time comes.
In the case of a downside move, I don't think it would be too crazy to look for a retest of Q1 2021 highs, anywhere around the 0.045 level.
That would make for about a -33% move from here, but I'd say there's fair concern for said move ending up being more destructive than that.
This could happen along with BTCUSD breaking into a new bull market while ETHUSD fails to catch up just like it did in the past, although that's just speculation on my part.
Remember, volatility is direction-neutral, while price action might look bearish right now, there is no way to tell where a future sustained volatility expansion might lead this asset to.
Personally speaking, I believe that if it were to expand to the upside, a retest of the ATH would definetely be within reach, seeing as ETHBTC has been consolidating for about 22 months.
It would certainly result in a massive move, more than a 2x from here, since the ATH is around 0.15 and the asset is now trading at around 0.067, but we've seen crazier things in crypto.
Whenever the expansion happens, and wherever it brings ETHBTC to, good luck and stay safe.
ETH STEALS THE SHOW, BREAKING OUTI have been beating the drum on this, so I won't waste much of your time.
We have confirmed bullish divergence with RSI coming out of oversold on the weekly chart. Further RSI has broken descending resistance, which almost always leads to price lagging and doing the same soon after.
You can see that price was rejected EXACTLY at descending resistance, for now.
Everthing we were watching for on this pair has happened, as ETH steals the show.
$ETH and $BTC Price Level in USD to achieve $ETHBTC ATHI'm going to put this straight forward simple.
BINANCE:ETHBTC , essentially representing the price ratio of Ethereum to Bitcoin, serves as a key indicator of market dynamics between these two leading cryptocurrencies.
Due to the recent Break Of Structure on this Chart, I was curious enough, at what prices are we looking at in USD, in order for the ATH to break.
Last ATH was on June 12th, 2017. Prices at that ATH were following:
ETH: $414.8
BTC: $2980
According to my beloved friends ChatGPT, he could give me many scenarious, at which the ATH at 0.15636 would have be broken. Regarding of the multiplier, you get a different answer, here few very possible for me at this stage of market.
Multiplier: 1.5
New Price of ETH: $3,766
New Price of BTC: $24,085
Multiplier: 1.7
New Price of ETH: $4,269
New Price of BTC: $27,302
Multiplier: 1.9
New Price of ETH: $4,771
New Price of BTC: $30,513
Multiplier: 2.0
New Price of ETH: $5,022
New Price of BTC: $32,118
Multiplier: 2.2
New Price of ETH: $5,524
New Price of BTC: $35,329
Multiplier: 2.4
New Price of ETH: $6,026
New Price of BTC: $38,539
This might be the biggest signal, showing Ethereum has a lot of potential in the upcoming Altcoin Season / Bullmarket.
Not trying to convince anyone, just speculating on some interesting numbers.
Feel free to come up with more different scenarious. 100k for BTC & 15k for ETH might also be possible :D
ETH/BTC - Shady View for now . Weekly a bit confusing , Though the Weekly candle is insane , This area is a bit shady now , we are still hours away from a weekly close, i prefer waiting for a weekly open for more clearer view.
