ETH-BTC (ETH has the power..) weekly view
Hello there traders and investors, or anyone else taking a gander! 😄👋
🌞Today we will take a look at ETH and why I think we will soon be so bullish! (For this example we are using ETH/BTC pair..)
Let me start by saying that ETH is no joke. Many think it will surpass BTC eventually, this sounds kind of silly to a few, but it is anything but silly!🤪🚫
After a (0.382) fib retracement to approximately 💲0.053👀, I am looking to achieve almost full fib extension and go to our approximate target listed above.🆙🎯
Here are some reasons why:👇👇
👇
🔵Technically, we are looking very strong on this specific chart, we have seen a HUGE break up from a major trendline. The break started ~April 19th, about a week after Immutable X was dropped on ETH. ⏰📈💪
💨Here in this pair, you can see the dominance of ETH very clearly against BTC. ⏩⏩(in order to see the big candles that we see above, this means the price action of ETH during that period of time was substantially more bullish than that of BTC)
🧑 Vitalik has a lot of control over the price of ETH, which means he probably wants a nice correction so that going into the next bull market, we have strength to push to new highs.
🟡 Vitalik Buterin (founder of ETH) recently donated 1 BILLION dollars to charity, and to relieve India from the financial stress they are under due to COVID.(This could be seen as a good way to force ETH into an even healthier correction, which was much needed)👌📆📌
🧡April 8th of this year Immutable X protocol (easy 2-layer scaling) was released on the ETH blockchain, which is excellent for ETH and Immutable alike.✔🆗
💥Let's see what happens now! I am definitely bullish and looking to continue up as we form a giant parabola.🥳🧐
🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, always welcome.
Thank you so much!
Jazerbay 🤍
🌞Today we will take a look at ETH and why I think we will soon be so bullish! (For this example we are using ETH/BTC pair..)
Let me start by saying that ETH is no joke. Many think it will surpass BTC eventually, this sounds kind of silly to a few, but it is anything but silly!🤪🚫
After a (0.382) fib retracement to approximately 💲0.053👀, I am looking to achieve almost full fib extension and go to our approximate target listed above.🆙🎯
Here are some reasons why:👇👇
👇
🔵Technically, we are looking very strong on this specific chart, we have seen a HUGE break up from a major trendline. The break started ~April 19th, about a week after Immutable X was dropped on ETH. ⏰📈💪
💨Here in this pair, you can see the dominance of ETH very clearly against BTC. ⏩⏩(in order to see the big candles that we see above, this means the price action of ETH during that period of time was substantially more bullish than that of BTC)
🧑 Vitalik has a lot of control over the price of ETH, which means he probably wants a nice correction so that going into the next bull market, we have strength to push to new highs.
🟡 Vitalik Buterin (founder of ETH) recently donated 1 BILLION dollars to charity, and to relieve India from the financial stress they are under due to COVID.(This could be seen as a good way to force ETH into an even healthier correction, which was much needed)👌📆📌
🧡April 8th of this year Immutable X protocol (easy 2-layer scaling) was released on the ETH blockchain, which is excellent for ETH and Immutable alike.✔🆗
💥Let's see what happens now! I am definitely bullish and looking to continue up as we form a giant parabola.🥳🧐
🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, always welcome.
Thank you so much!
Jazerbay 🤍
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.