ETHBTC trade ideas
#ETH Bulls up 40% from June Lows, ETHBTC in a Bull FlagPast Performance of ETHBTC
Ethereum is technically bullish versus BTC, especially if the price action of H2 2022 leads. Presently, Bitcoin prices appear firm but inside a descending wedge, that is, a bull flag. The primary support is at 0.070 BTC, while the resistance is 0.075 BTC.
#ETHBTC Technical Analysis
ETH buyers are in control, per the formation in the daily chart. Despite the series of lower lows, especially in the late Q3 and mainly Q4 2022, the uptrend is firm. To illustrate, ETH is up 40 percent from June 2022 lows. Furthermore, ETH bulls have support at around the 38.2 percent Fibonacci retracement levels meaning the upside momentum is still strong. However, from the current formation, traders can wait for a clean breakout before committing. Gains above 0.073 BTC, reversing losses of December 16, above the bull flag, may see ETH float higher, towards 0.075 BTC and 0.078 BTC, respectively.
What to Expect from #ETHBTC?
Prices are in range, trading inside a bull flag. Overall, buyers are in charge, but there must be a breakout for trend confirmation. Any surge above 0.075 BTC may drive more demand for ETH, pumping it to Q3 2022 highs.
Resistance level to watch out for: 0.075 BTC
Support level to watch out for: 0.070 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETHBTCDisclaimer
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ETHBTC As tight on the edge as it can get.The ETHBTC pair has been trading within the 5-month Higher Lows Zone for the past 5 days, tight also within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). All this while it remains bearish below the Lower Highs trend-line that started on the September 07 High.
The 1D RSI is rebounding off its 3-month Support Zone, so technically we should see a rebound. How high that will be depends on the September Lower Highs trend-line. A break above should target on the short-term the 0.076200 Resistance 1 (Dec 02 High). As long as a candle closes above each Resistance level, the next one can be targeted and pull-backs bought on the RSI Support Zone.
A break below the Higher Lows and the 1D MA200 (which hasn't had a 1D candle closing below it since October 22), would be bearish and should target the 0.0660 Support 1 (Nov 09 Low).
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To preserve your crypto holding position, short BTC against ETHYou can prise BTC as much as you want, it does rule the whole crypto market (today), but right now, at this particular BTC/ETH ratio, there is simply no room left for Ethereum to fall any further! It is at the all-time bottom now!
If it does, it basically means that the general public states "f..ck blockchain technology altogether"! This cannot possibly be the case, because the public's perception of the technology is most definitely positive.
Let's just get real, ok?! Ethereum is, at the absolute minimum, number two cryptocurrency (I do personally think, however, that Ethereum took over the "lead', per its design) and while BTC market pricing is 100% hype, Ethereum, with all of it's "altcoins" (you'd say) and tokens, is actually baked by all of the ICOs combined. Good or bad, surviving ones or not, scams or not, people did put the actual money into thousands of ICOs!. This means that, unlike for BTC, there is actual financial backing of the whole Ethereum network. Thus, by simply not knowing which tokens to sell to get the Ethereum to then sell (per market trend), the public will simply not sell much of anything related to Ethereum and THIS is what will keep the Ethereum pricing being RESISTANT to the current market downtrend.
Conclusion: If you are hesitant to get ALL into fiat (good for you!), but you DO realize that BTC has been heavily manipulated (pumped up), you can short sell BTC vs. ETH. This way, you cover all possible further scenarios:
1. If BTC keeps crashing with practically NO apparent "bottom", believe me, ETH will NOT, thus you gain on "ratio".
2. If BTC reverts into the uptrend, believe me, ETH will follow, thus you, at minimum, stay "neutral".
3. If BTC stays "neutral" the BTC/ETH ratio will grow in favor of ETH, because it is obviously oversold, thus you gain.
ETHBTC Bearish dragon pattern forming
ETHBTC is forming a very bearish pattern.
A 0.786-0.886 retracement is likely if the red trendline is broken.
After a pullback, such a bearish movement could trigger another bearish pattern, 5-0.
Merely a theoretical possibility, but this is one of what the holders should be prepared for.
Try and Err in DemoAny idea you come upon must be tested in demo because doing so allows you to see how it can be applied in real time and safely.
Example.
Only trade if price passes 50 ema. How do you go about it?
1. Limit order before price passes ema
2. Market order as you visually see it happen
3. Stop order when price before ema and putting the stop on the side passing ema
All 3 I have tried with success. But will it work for you?
Even if I say my success rate is 90% it shouldn't matter. Even if I am a dr. In finance, it shouldn't matter, why?
You have trading view back test and demo accounts; meaning you can test yourself if my claims is true; meaning you can do a falsification test.
I personally was taught, do this steps and it'll work. And it did, but, for it to work for me; i had to do all the work and make it work for me.
Tldr. Test it. Test it. Test it
1D/6h ETHBTC gives bearish signalsOverall more bearish signals over 2 timeframes suggest a drop so the 1D target is set at the next major support. The indicators show that the price has consolidated and is slightly below the middle of the Cosmic Gravity channel - for this reason the stop is set only slightly above the basis line.
#ETH/BTC Buy Trade Scenario.Hello Traders I hope you are well and safe. Today am Discuss #ETH/BTC For a Long.
Here is a Full Analysis of #ETH/BTC When the price Touch Order Block then a Nice opportunity for Long.
If you have any queries then leave a comment.
Thank you Traders For your Support Like and Follow.
ETHBTC Horizontal Is this horizontal acting as a resistance for ETHBTC? Will we see a new ATH for the pair?
This could be a top formation, or it could be a large flag structure leading to continuation of the bull run. But don't get hopes up. Because there's always the other option.
Bull has been strong for ETH for awhile, I foresee BTC carrying ETH up during its bull run, with this potentially acting as a top on this pair.
ETHBTC: Bitcoin will outperform Ethereum unless this line breaksThe ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019).
The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can we see an immediate rally on ETHBTC. Until we do, it is more likely to see Bitcoin outperform Ethereum as the candle action since March 2022 is similar to the one from September 2018 - May 2019. The 1W RSI is a testament to the repetitive nature since March 2016.
If we get a repeat, that would make a bottom on Higher Lows trend-line A and then steadily rise on Higher Highs and Higher Lows.
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