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ETHBTC trade ideas

Ethereum potential -85% vs BTC price (Triangle has broken) 8 YRS I still watch this pair every day even though I dislike the entire Ethereum ecosystem. But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!. And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum can recover from this if it starts to accelerate. There's no easy way to safely short the ETH/BTC and again there's more profit on the Bitcoin long side that inherently will decay the ETH/BTC pair. And also I still know the Ethereum community is as fragile as francium-223 meaning it won't take much for the Ethereum experts to capitulate back into Bitcoin.
by FederalXBT
A Word Of Caution For Ethereum ETH/BTC Great spot for a very small speculation entry. Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent. I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC. (note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom. I wish this chart would do something. . . . Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain. But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend. LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
by FederalXBT
ETH - POTENTIAL WEEKLY BULLISH DIVERGENCEAn update on last week’s chart. ETH has finally made a lower low on price vs. BTC on the weekly chart, something I have been watching for for over a month. This gives us potential bullish divergence coming out of oversold RSI on the weekly chart, a huge signal of future upside. Weekly divergence can take months to play out, and we can see the divergence remain valid even with much further upside. Further, it does not even become a divergence until we see a clear elbow up on RSI to give us the confirmed higher low. This adds to my conviction that ETH will outperform in 2024. I am starting to nibble again.
by ScottMelker
WILL ETHEREUM FINALLY PRINT BULLISH DIVERGENCE?I have been sharing this idea for months, ever since Ethereum hit oversold on the Bitcoin pair for only the fourth time in history. Each of these incidents has marked a bottom. This time we also have potential bullish divergence, which will require a weekly close below .052. Right now price is there. This would make a higher low on RSI and a lower low on price. Next we would need to see a clear elbow up on RSI to confirm, so this could take a few weeks yet to come to fruition. Weekly divergences can take a VERY long time to play out. It does not mean this is the bottom, but it is a clear sign of bottoming and one that I will be buying aggressively with bullish Ethereum in mind for 2024.
Long
by ScottMelker
4
ETHBTC 70% upside opportunity within range HTFETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is 0.086 ETHBTC. It may or may not subsequently go higher than range top. That will require a follow-on assessment.
Long
by Goldsworth
Bitcoin Maxi hopium ETH/BTC bearish long term?The Eth/Btc chart is reaching a critical decision zone with the orange trend line going back 7 years. I confirmed break down could signal severe underperformance by Ethereum relative to Bitcoin silencing the flippening narrative and giving the maxis something to cheer about. I think Bitcoin is a long term hold until things get astronomical. 2024 could see highs of 54.6k and lows of 23.4k, perhaps closing the year around mid 30s. 2025. (850k by 2027) dip to (250k - 2028) then finish the bull run of all bull runs in all markets around 2030 to $1.7 million. I'm currently in BULLTARD mode. Then MEGA CRASH of all MEGA CRASHES. I hope the CAPS gets you excited for what may be to come.
by TheCheartBreaker
$ETHUSDT: Trend signal and possible bottom in $ETHBTCI think this is a low risk juncture to long Ethereum if you're not in it already... BINANCE:ETHBTC has a buy signal from yearly scale support area... Let's see if it gets follow through within 5 days, it should march steadily higher in that time, the hold up and base for longer, then breakout again, rinse repeat (if trending). If it's not a reversal it might just hit the upper Bollinger Band with some kind of rapid surge of strength, and drop again, or just fail to rally altogether and go back under 0.05223 ASAP. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
Is it finally ETH season? Ladies and Gents, we may be entering ETH season. Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks. ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season. Short-term forecast: bullish on ETH/BTC Longer-term: will re-evaluate and update this post in the coming weeks. Let me know what y'all think. Is this ETH season? - Sultan of Chart
Long
by Sultan_of_Chart
1
#ETHBTC - #Wyckoff & #Volume & #Divergences & #Sentiment#ETHBTC The Broadening Wedge has a track record of being one of the most brutal patterns for emotional Traders to navigate, but if we peel back the layers to see what's happening of actual importance, that's when things start to get really interesting, IMO. This is very possibly a textbook Wyckoff bottom. It's presenting all the signs of what we want to see plus #ETHBTC has a history of combining extremely low sentiment with ruthless patterns. But once again just focus beyond the noise of PA and we can see what is volume or lack thereof in all the right places, paired with stacked divergences. Nothing is 100% certain in this place, but based on probabilities gauged over history and the rest of the story, I know what I'm doing...
Long
by ANobleNerd