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ETH-BTC

TrendTracers Weekly Market Analysis #11tl:dr Small correction across the markets in the short term, followed by sideways bitcoin and ethereum, other alts should start gaining strength when this range is being formed. Review of last weeks TA BTC hit our target from last week between 45k and 47k. So did ETH. The markets seem topped out for now as predicted. BTC We expect some sideways consolidation near the resistance depicted in the chart. From a bullish perspective, after consolidation for a period of time, a move to the highs of April seems possible. The bearish scenario is where btc tests around previous lows for maximum pain around 28k. It might even go lower to sweep liquidity. During this consolidation we expect an alt season. So now we look at BTC.D which seems to be heading to the lows of the range again around 40%, supporting our theory for another alt season. Because when BTC.D is moving down money is flowing out of BTC and into altcoins. ETH Ethereum is at resistance depicted on the chart. We don’t expect a massive bullrun from here instead some consolidation seems more likely because of Bitcoin. However there is a bull flag pattern forming on the ETH-BTC Daily chart which will play most likely play out coming days. This is one to keep an eye on. THE PERPS Midperp and shitperp reacted from a nice bottom pattern. After a small correction at the start of Bitcoins consolidation we expect shitcoins and midcap coins to make a significant move to the upside. So we expect a pullback in the coming days to get in our positions. And then ride them up into the next resistance.
by dab1rd
2
ETH Is there another up move potential ? Hi traders: From my previous ETH analysis, price indeed broke out of the HTF reversal structure, and continuation to the upside. This is good indication of a bullish price action and continuations, as long as we can see some sort of bullish correctional structure to form. Latest price had a clear break above the previous high, and now is start to consolidate. Be patient here as we wont know how deep/long the next correctional phase will go, but if the correction does finish, it will give us a good opportunity for the next buy potential. Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
20
NEO - THE SLEEPING GIANT PROCESSING NEW TRENDHello trading friends, NEO looks to process a new increase trend. the sleeping giant. Manage always your risk, as if there are markets breakdown that it can follow, this expecting are depending on the live trend and TA data. NEO just some time ago above 136 usd + on 05-05-2021 with the bull trend. ✅Like and subscribe to not miss a new idea!✅ Thank you # Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect All our charts are not advice and you are responsible for your own investment
Long
by watchtrend
2
ETH/BTC Spread: Long-term count favors a crypto bubbleHere's the long-term Elliott wave count since we broke the giant triangle of cyclical wave 4. Now we are riding a cyclical wave V that should show a serious decoupling between Ethereum and Bitcoin. I expect both to rise, but for ETH to decouple three times the ETH/BTC ratio from its last month low. This means that this might prove to be the most feverish altcoin season ever! I have two bullish scenarios: the first scenario is that the cyclical wave 5 does a truncation (see worst case line) and the second scenario, the cyclical wave 5 would go all the way to reach the dynamic resistance aroud 0.15 or slightly higher (see best case line).
BINANCE:ETHUSDLong
by quantmaven
2
ETH - Purple War Zone!Ethereum broke above 2500 ... WHAT NEXT? ETH is overall bullish trading inside our brown channel so we will be looking for Trend-Following Buy setups as it approaches the lower brown trendline. Moreover, the area 2450-2500 is a "Resistance turned into Support". So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in blue and lower brown trendline. As per my trading style: I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom , trendline break , and so on...) Knowing that Ethereum can still break the brown trendline downward and test the blue support before going up. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
17
Intraday ETH/BTC Spread: 5 waves up completed, now correctingThe intraday ETH/BTC spread serves as a risk on/risk off crypto barometer. It has been evolving inside this giant triangle since May and has officially broke to the upside over the two weeks. This confirms my call that the bear market is over and that we are now in another altcoin bull market. The spread has finished 5 waves up and is now correcting. Althought I could be surprised, altcoins are going to take a well deserved pause and even decline relative to BTC in the upcoming days.
BITSTAMP:ETHUSD
by quantmaven
1
🔥 Ethereum Huge News: New Protocol EIP 1559Ethereum is one of the major performers of the current market. Not only is ETH performing outstandingly, it's also leading the market. ETH pumps, the rest follows. One of the major catalysts for the current ETH price action is the fact that there's some great news coming out. As of today, ETH has upgraded it's token protocol to (EIP) 1559, which is arguably one of the biggest upgrades that ETH has seen to date. What is (EIP) 1559? At the moment, it's very costly to make an ETH transaction since users have to bid manually how much they're willing to pay for a transaction to get accepted by the network. Under the new protocol, this bidding process is automated and will vary based on the amount of congestion of the network. Another major change under EIP-1559 is that part of every transaction fee will be burned, which will reduce the supply of ETH and create a higher amount of scarcity, potentially leading to a further increase in price. Price Action Over the past couple of weeks we've seen a double bottom (triple if you count the May wick) price reversal pattern, also known as a W-shaped recovery. With ETH breaking through the $2600 resistance level and retesting it, a solid support has been created at the $2600 level. If ETH manages to cross the green area of resistance, I'm willing to bet that we're going to see $4000 again in the coming weeks. Furthermore, ETH dominance is currently going through the roof, further boosting the confidence in this coin. Happy trading!
Long
by FieryTrading
18
BITCOIN AGAIN LONG TREND - ALSO SINCE GOOGLE NEWS - Breakout 43kHello Trading friends, We are into new uptrend targets, and since google news, the price of bitcoin did increase more. Google running crypto ads again, which means great news for BTC. but we don't depend our orders on news, as we follow the live data of the chart, and most time the news is included in the data. What means this for BTC? This trend could bring BTC back to 42500 + where we did end at last increase - and we could even go over that target to 43-44K trend. In the coming time we will follow the trend for a long, but at know the same time we check the side at 2 sides. This was the last increase we did add about 42500 usd, from there the trend did hit and return back. Have a great time all for this long trend at this moment. ✅Like and subscribe to not miss a new idea!✅ Thank you # Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect All our charts are not advice and you are responsible for your own investment
Long
by watchtrend
5
BITCOIN MAIN TREND FOR SHORT = 36K AREA - LIVE DATA SHORT FALLHello trading friends, Depending on the last live data view, it looks that some important signals showing a breakdown trend for Bitcoin, what the exactly reasons we still not find. but depending on whale trend also looks to breakdown. Our man target for short is 36K trend. BITCOIN MAIN TREND FOR SHORT = 36K AREA - LIVE DATA SHORT FALL ✅Like and subscribe to not miss a new idea!✅ Thank you # Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect All our charts are not advice and you are responsible for your own investment
Short
by watchtrend
3