ETH/BTC Technical Analysis ( Expecting -70% Down from here )#ETH/BTC Technical Analysis:-
#Ethereum currently trading at 0.075 BTC
This is -18% down from This bull run ATH
I am Expecting big Dump coming few weeks so Ready and Prepare for dump.
As my Knowledge ( not Chart ) I am expecting -70% Dump in coming few Months.
So Never Go All in any Altcoins now.
I am Now Talking about Altcoins in BTC Pairs.
My 3 Targets for ETH/BTC
Target 1:- 0.055 BTC
Target 2:- 0.037 BTC
Target 3:- 0.023 BTC
Hope You also Learn and Understand the chart.
Thank you.
Keep Support.
ETHBTC trade ideas
ETH collapsingBTC and the whole crypto market is dumping as predicted.
ETHBTC PA still behaving bearish even at support. What I mean by that is that I only see continuous creation of ascending trends with bearish break and retests.
I expect further downside with greater emphasis on ETH than BTC.
My previous Cup&Handle idea seems to have been already invalidated or on the verge of being invalidated, I don't trust that idea anymore.
We all have to wait for PA after the dump to analyse it and get some more insights, altseason will have to wait.
ETH short term bearish but long term bullishI have already posted ideas about the recent bearish action of ETH.
On a macroscopic scale though we can clearly see how a Cup&Handle formation is developing on ETHBTC, meaning I expect bullish action after the bear cycle dump... Altseason?
That remains to be seen, although my expectations are high, but for now bearish bias stands seeing how after the pump a H&S formation has developed, which as I already said in my last idea is still waiting for a definitive confirmation.
After that the game will change, I'm confident about it.
ETHBTC long term Cup & HandleIt looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.
BINANCE: ETH/USDT (Inv. H&S)As we see bitcoin has been supported by 19k and made a nice bounce to 21k. So far every thing looks good but there is a catch. Total market still reacts to bearish trendline while Total2 has already broken it. it just needs a HH to strengthen the idea of alt party. meanwhile ETH shows strength against bitcoin and formed an inverse head and shoulders pattern in W1 which gives hope to the other alts. as you see RSI bearish trend line broken and retested in W1 and gives bullish vibes too. Don't forget that Merge effect hasn't kicked in for some reason. Always DYOR before entering any position or trade.
🛒 Pair: ETH/BTC🛒
== SPOT==
⏰ 1401/08/09 ⏰
🕰 31/10/2022 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#96
🛒 Buy : 0.074 - 0.078 🛒
👉Sell Targets👈
🎯TP1: 0.082 🥉
🎯TP2: 0.086🥈
🎯TP3: 0.090 🥇
🎯TP4: 0.095 🚁
🎯TP5: 0.099 ✈️
🎯TP6: 0.109 🚀
⛔️ SL: 0.072 by closing D1 below
ETHBTC - Crash of BTC dominance / Alts SeasonClear Cup and Handle pattern. Ethereum currently has much better tokenomics compare to BTC due to ecosstem of dapps, NFTs, offering lending, borrowing and other services, as well as burning mechanism making ethereum deflationary. And that is just a tiny drop in the ocean, there are many other strong alts with huge ecosystems that will contribute to upcoming rally. All major OG (XRP, LTC, BCH, EOS) alts have already made ultra lows against BTC and ready for a new cycle growth. So, just like in 2017 Ethereum will lead alts into a massive RALLY, crushing BTC dominance down to 5-10%.
ETHBTC is bearishETHBTC is in a bearish market structure on HTF such as weekly and daily. at the area of golden pock fib retracement, we are looking for a lower high. price has perfectly backtested an untested daily and weekly order block which has confluence with golden pocket, value area high of the range, and Monthly Level. considering BTC dominance rising, I expect that Ethereum and altcoins underperform BTC in the coming months so I look for places to short altcoins.
Not a Good Time To Invest At The Altcoins Currently Wave B From C Is About To Complete At This Area (0.076 To 0.078), I Expect a Leg Down To The 0.057 Area As a Wave Wave C PRZ Is About To Start
📥 By Analyze ETH / BTC Pair We Will Able To Understand The Future Of The Altcoins Market ,So By Current Situation We Will See 0.057 Area As a Next Leg down And It’s Not Good For Altcoins Market