ETH_BTC
Falling wedge and hidden bullish divergence on ETHBTC?Running this idea to test an observation.
If this is right, an ETHBTC trend reversal is stirring up, might be aligned with bullish rumours on ETH futures and the block reward reduction from 3 to 2 ETH. Target for the falling wedge should be the level at the end of the arrow.
Let's see if it does the thing.
ETH vs. BTC Outlook (0.050 & Potential Support)As many have already noticed, Ethereum has been rapidly loosing ground to Bitcoin. It's likely Ethereum suffered an over-inflation and is returning to more stable ground.
I expect we will see an ETH/BTC ratio of 0.050 in the near future.
With the overall downward trend of the crypto market, Ethereum has not been fairing well and has been descending much more rapidly than the pack leader in Bitcoin's price. As can be seen, the EMA 200 and EMA 50 are also very close to converging.
Ethereum is likely to find support somewhere between 0.050 and 0.35 (fuschia to large dashed red-orange indicator line). However, should that fail, we can expect a back test into earlier months from last year (red-orange indicator lines). The main reasoning as 0.050 to 0.035 being a large support area is if we look back, it is where more upwards action began previously last year and also again later on in the year, but before the December spike.
If the crypto market as a whole turns around, then expect Ethereum to follow the trend as well and see an increase through the cyan indicator lines and into the blue 0.085 & higher).
For now, keep an eye on the yellow arrow I have indicating where Ethereum appears to be entering.
ETH/BTC (SHORT)HI ALL,
hope everyone had a fabulous profits on trading alts against eth, thats is one reason which is driving down ETH price, the price from the alts are in profit taking process , hence the price of eth is going down. moreover the chart above is so clear even a nowise can analyse that ETH is to shorted right now.
ETC/BTC ShortFor anyone interested in Ichimoku setups, here you go...
With a thick cloud acting as strong resistance, price will have to break through to become bullish on the daily according to Ichimoku rules. Traders could look for a short at the bounce off the cloud. There are 2 stop options depending on ones risk appetite. If Chichou (yellow circle on left) can break through, the downward move will be very likely. Use other indicators to compliment Ichi and help get a good entry.
This is for educational purposes and always remember the market does what it wants, we just make sure we are ready to capitalize on the opportunities it presents to us. Take care!
Tips always welcome if my idea helps! : )
BTC ~ 3AzvnCnCE84CCBrJgbYJoZReGomeFWWQnc
ETH ~ 0x6BD4C177BA087B83c4505d1a997167b0fcFe6D74
LTC ~ MKpsqHCkYVZWgC8GyWERA5WJerxosgduKz
ETH/BTC forexA brief investigation of the change rates between cryptocurrencies can easily show the potential earnings that can be achieved by applying a forex strategy.
The variation in the ETH/BTC change rate are significant and are caused by a phase shift in the patterns of BTC and ETH. Since the variation of ETH/BTC are strong, it might be a good strategy to switch between the two tokens according the change rate.
Currently, ETH seems to be concluding the third uptrend of a Elliot impulse wave, while BTC is in a continuation pattern from weeks. Therefore, the time to switch from ETH to BTC is approaching!
cryptocoin4cast.com
Eth/BTC Steadily climbing!New year New king? Could Ethereum take market cap dominance over BTC by the end of this year? The trend has been proggresively upwards for ETH/BTC and shows no signs of stopping. Could Eth (which is a superior platform imho) reign as king of crypto by the end of this newly begun year in cyber money? I think it could be very possible, with all the new eyes and more importnantly new money that is bound to flow into crptyo in the coming months, to see ETH challenge BTC in its dominance. Something along the lines of 27% Eth market cap to BTC's 23% or so does not seem out of the question to me by year's end!(assuming ripple hasn't conquered all)
ETH/BTC looking more and more bullish as The DAO is resolvedThe DAO issue is likely coming to a resolution and may only need a soft fork. I believe the majority of the community and miners will support this without any major issues. In addition, BTC is looking like it is still retracing. See my chart here:
Resistance will be at .0245, if we break past this resistance depending on how far BTC/USD drops .027 will be our breakout.